Petron Corporation registered a consolidated net income of Php 7.7 billion in the first half of the year, a two-fold increase from the Php 3.87 billion recorded in the same period last...
The SMC Global Power Holdings Corp. (SMCGP), the power arm of the San Miguel Corporation, has asked the Energy Regulatory Commission (ERC) for a power rate hike to partially recover costs amid...
The Department of Energy (DOE) is set to push for amendments to Republic Act 9136 or the Electric Power Industry Reform Act (EPIRA) to strengthen the role of the Energy Regulatory Commission...
Enrique Razon-led Prime Infastructure Capital Inc. is set to acquire a major stake in the Malampaya gas-to-power project in offshore Palawan after taking over the unit owned by Dennis Uy’s Udenna Corporation. ...
President Ferdinand “Bongbong” Marcos Jr. has vetoed the bill that expands the franchise area of Davao Light and Power Company (DLPC) in Davao del Norte, the Malacanang annnounced. Under House Bill (HB)...
The Renewable Energy Market (REM) – the country’s venue for trading renewable energy certificates (REC) has been launched by the Philippine Electricity Market Corporation (PEMC) on Thursday. Following the issuance of Department...
Citicore Energy REIT Corporation (CREIT) has registered a net income of Php601 million for the first half of 2022, a five-fold increase from the Php89 million recorded in the same period last...
The Manila Electric Co. (MERALCO) is seeking challengers for the unsolicited proposal to supply the 500 megawatts (MW) mid-merit requirement beginning 2026. Through a Third-party Bids and Awards Committee (TBPAC), MERALCO is...
The Aboitiz Power Corporation registered a two percent drop in its net income for the first half of 2022 to Php 10 billion versus the Php 10.1 billion recorded in the same...
Ayala-led ACEN Corp. has approved the sale of its shares in the 244 megawatt (MW) South Luzon Thermal Energy Corporation (SLTEC) coal plant with an aggregate value of Php3.7 billion. The SLTEC...
