October 9, 2017

Ang asks Psalm to act against volatility of spot-market prices

By Lenie Lectura – October 8, 2017 from Business Mirror BUSINESSMAN Ramon S. Ang urged the Power Sector Assets and Liabilities Management Corp. (Psalm) to protect consumers from volatility of spot-market prices and not expose them. Ang issued his statement as […]
October 9, 2017

Ilijan standoff to hike power rates

By Alena Mae S. Flores – October 08, 2017 at 08:20 pm from manilastandard.net Consumers of Manila Electric Co. will be exposed to price volatilities at the Wholesale Electricity Spot Market, or WESM, if the government terminates the contract of San Miguel […]
September 27, 2017

San Miguel postpones IPO of energy business

By Lenie Lectura – September 27, 2017 from Business Mirror SMC Global Power Holdings Corp., the power arm of conglomerate San Miguel Corp. (SMC), has postponed anew its planned initial public offering (IPO) this year due to unresolved issues involving contracts it entered […]
September 22, 2017

Ang asserts SPPC paid obligations to PSALM

By Lenie Lectura – September 21, 2017 from Business Mirror It has, in fact, paid P238 billion as of August this year, according to Ang. “It is not true that we are not paying. Please stop unnecessary publicity. It’s turning off investors,” Ang, SMC […]