February 26, 2020

ERC provisionally clears Meralco power deals that had CSP in ’19

By Lenie Lectura -February 26, 2020 from Business Mirror THE Energy Regulatory Commission (ERC) has provisionally approved the Manila Electric Company’s (Meralco) power supply agreements (PSAs) that underwent competitive bidding last year. “The ERC granted provisional authority to implement the […]
February 25, 2020

San Miguel: Let courts rule on PSALM case vs SPPC

By Lenie Lectura -February 25, 2020 from Business Mirror San Miguel Corp. (SMC) criticized the government for releasing willy-nilly disputed figures to gain public approval in an ongoing case concerning the Ilijan power plant. The conglomerate has urged the Department […]
February 24, 2020

Psalm sees P1.7-B borrowing costs yearly on bad accounts

By Butch Fernandez -February 24, 2020 from Business Mirror THE Power Sector Assets and Liabilities Management Corp. (Psalm) warned it will incur an annual borrowing cost of about P1.7 billion a year should the P33.62 billion in delinquent accounts remain […]
February 21, 2020

San Miguel power unit: We paid PSALM P315 billion as of January

By Lenie Lectura -February 21, 2020 from Business Mirror SAN Miguel Corp. (SMC) through its power unit, South Premiere Power Corp. (SPPC), has paid a total of P314.6 billion to the Power Sector Assets and Liabilities Management Corp. (PSALM) as of January […]