May 12, 2022

ACEN net income dives in January-March

BY LENIE LECTURA – MAY 11, 2022 from Business Mirror ACEN Corp. posted a 68-percent decline in net income for the first quarter of the year to P405 million even as revenues grew by 29 percent during the period. The […]
April 12, 2022

ACEN finalizes loan deal with banks

BY LENIE LECTURA – APRIL 11, 2022 from Business Mirror AC ENERGY Corp. (ACEN) has finalized an amended and restated omnibus loan and security agreement for its wholly-owned subsidiary, South Luzon Thermal Energy Corp. (SLTEC), with the Bank of Philippine […]
March 31, 2022

ERC probes simultaneous power plant shutdowns

By Myrna M. Velasco – March 30, 2022, 2:12 PM from Manila Bulletin Eagle-eyed Energy Regulatory Commission (ERC) has stepped up investigation on the simultaneous unplanned shutdowns of habitually-delinquent power plants that plunged Luzon grid anew into “yellow alert” condition […]
March 15, 2022

Diesel power plants dominate DoE’s endorsements to ERC

By Marielle C. Lucenio – March 13, 2022 | 7:44 pm from Business World POWER PLANTS endorsed to the regulatory commission for five-year operating permits included 12 diesel-powered facilities out of 17 overall, according to a list posted to the […]