First Gen Corp. had a lower profit and flat recurring earnings in 2017 following the effect of the earthquake in Leyte that affected its geothermal and hydroelectric platforms and weak spot market....
The SMC Global Power Holdings Corp. has secured funding arrangements that will finance its acquisition of the Masinloc plant. The company disclosed that it will subscribe to a $650-million redeemable perpetual securities...
The country has a new gas and oil source as the Energy department declared the Alegria Oil Field to have commercial quantities of natural gas and oil resources. Department of Energy secretary...
Bayad Center, a subsidiary of the Manila Electric Co. (MERALCO), has launched its mobile app that will give consumers a more convenient bills payment scheme. BC Mobile or the Bayad Center Mobile...
The Petron Corp. has recorded a 30 percent increase in its net earnings for 2017 following strong sales in the country and abroad. The company reported that its net income reached P14.1...
The First Gen Corp. has signed a deal with the Manila Electric Co. (Meralco) to provide baseload power supply from its San Gabriel power plant in Batangas. The company disclosed that its...
The Maibarara Geothermal Inc. (MGI) has connected its Maibarara-2 geothermal power plant to the Luzon Grid, giving the grid an additional 12-megawatt (MW) power supply. The said power plant was synchronized to...
The Aboitiz Power Corporation (AboitizPower) recorded a net income increase of two percent to P20.4 billion in 2017. The company had a non-recurring loss of P2.9 billion this year, versus P611 million...
The Manila Electric Co. (Meralco) will implement a P0.85 per kilowatt-hour (kwh) increase in its electricity rates for the month of March. This brings the overall rate to P10.32 per kwh, or...
The bicameral conference committee on energy has approved the bill that will give a dedicated calamity fund – initially at P750 million – for power cooperatives in the aftermath of natural calamities....
