First Gen Corp. Chief Executive Officer Federico “Piki” Lopez moved to reassure investors that the clean energy producer’s operations remain unaffected by the months-long family rift, after the holding company board withdrew a resolution to oust him. Speaking at the company’s annual...
While the Lopez family has declared a ceasefire to resolve their differences privately, a minority shareholder of First Gen Corp. has stepped into the frontline to demand accountability from the firm’s board of directors. In a May 22 letter addressed to First Gen’s board, minority shareholder...
Federico “Piki” Lopez has welcomed decision by the majority shareholders of Lopez Inc. to abandon efforts to remove him as president and chief executive officer, describing the move as the potential breakthrough in a long-standing family dispute. In a statement on Friday, May 15, Lopez said the...
Lopez-led First Gen Corp. is betting that its ₱50 billion partnership with billionaire Enrique Razon Jr. will provide the scale necessary to insulate local grid from volatile energy markets, defending the sale of its majority stake in the natural gas portfolio as a move to prioritize cheaper...
The majority faction of the Lopez family has escalated its corporate battle for control of their business empire, claiming to have uncovered a third “poison pill” provision designed to entrench First Philippine Holdings Corp. (FPH) Chairman and Chief Executive Officer Federico “Piki” R....
Two independent directors of Lopez Holdings Corp. have resigned from the seven-member board as the bitter leadership struggle within one of the Philippines ' most powerful dynasties threatens to paralyze the conglomerate’s governance. In a disclosure to the Philippine Stock Exchange, Lopez...
First Gen Corp. solidified a ₱23.5 billion “poison pill” provision just one week after the Lopez family board moved to oust the company’s chief executive officer, newly revealed regulatory filings showed. In a disclosure to the Philippine Stock Exchange on Monday, May 4, the power producer...
The Social Security System (SSS) said it remains confident in the stability of First Gen Corp. even as a deepening rift within the Lopez family triggers calls for a leadership change and a government probe into “poison pill” provisions at the country’s largest renewable energy producer....
Manila Electric Co. (Meralco) is keeping the door open for the Sta. Rita natural gas plant to participate in future supply auctions even as its long-term contract with the utility nears its conclusion. Ronald Valles, Meralco senior vice president and head of regulatory management, said First Gas...
The controlling faction of the Lopez family is calling for a formal government inquiry into “poison pill” provisions at First Gen Corp., alleging the measures protect the tenure of President and Chief Executive Officer Federico R. Lopez, at the expense of state pension funds and international...
CEBU CITY – To address growing demand, a leading renewable energy (RE) provider is expanding their footprint in Cebu. Officials of First Gen Corp. said they are ramping up their electricity supply business and clean energy solutions in the province where they currently serve 79 customers,...
First Gen Corp., the renewable energy company controlled by the Lopez family, expanded its footprint in the Philippine retail electricity market after securing new supply agreements with Ayala-led Globe Telecom Inc. Under the terms of the agreement finalized in April 2026, First Gen will supply...
