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....
The Power Sector Assets and Liabilities Management Corp. (PSALM) is looking to convert its real estate assets into ecozones. The state-run firm will be conducting a sustainability study through the Philippine Economic...
The Manila Electric Co. (Meralco) will put up a new subsidiary that will venture into transport service networks, including electric vehicles (EVs) and charging stations, for public use in support of the...
The Energy Regulatory Commission (ERC) has approved clearances for eight generation companies (gencos) to operate their power projects as it looks to fast-track regulatory approvals within the 60-day window. The commission has...
Several oil companies will provide fuel discounts to public utility vehicles (PUV) to cushion the impact of the new tax reform law (TRAIN). The Energy Department (DOE) has signed deals with Petron...
Following natural calamities that hit Leyte in 2017, the Energy Development Corp. (EDC) posted lower earnings in 2017 as its geothermal facility in the area was hit. The company disclosed that it...
The Eastern Petroleum Corp is set to sell 500 units of light commercial vehicles this year. Gazelle Motors Corp. will be in charge of selling the Russian made vehicles in line with...
The AboitizPower Corp. will continue to operate its 400 – megawatt (MW) coal-fired power plant in Quezon province. The Lucena Regional Trial Court (RTC) Branch 57 has issued a temporary restraining order...
