Manuel V. Pangilinan-led Manila Electric Co. (Meralco) increased its consolidated core net income (CCNI) by a tenth to ₱25.5 billion in the first half of 2025 on the back of the growth of its power generation business. During a media briefing on Monday, July 28, Meralco Senior Vice President and...
After more than a decade, tycoon Ramon S. Ang is back as a shareholder in power distributor Manila Electric Co. (Meralco). In a disclosure to the Philippine Stock Exchange on Wednesday, July 23, Ang-led San Miguel Corp. (SMC) confirmed reports that its unit, SMC Global Power Holdings (formerly...
Power distributor Manila Electric Co. (Meralco) said it has significantly reduced the number of customers affected by service interruptions due to the prevailing inclement weather. As of 9 a.m. Wednesday, July 23, Meralco reported that it had already restored power to approximately 12,000...
Debt-watcher S&P Global Ratings said the expansion of Manila Electric Co.’s (Meralco) scale and market position in power generation will enhance its business as an integrated power utility. In a statement, S&P Global Ratings said it affirmed Meralco’s ‘BBB’ rating and revised its outlook to...
Power distributor Manila Electric Company (Meralco) reported on Tuesday, July 22, that most power outages in Luzon continue to affect customers due to widespread flooding caused by the Southwest monsoon or “habagat.”
As of 10:00 a.m., approximately 118,000 Meralco customers in Metro Manila,...
The power generation unit of Manila Electric Co. (Meralco) is constructing its second battery energy storage system (BESS) in the country. In a statement on Monday, July 22, Meralco PowerGen Corp. (MGen) said it will develop a 49-megawatt (MW) stand-alone battery energy storage system (BESS) in...
With intense weather disturbances persisting, energy stakeholders have assured continued monitoring and assessment of facilities in response to the recent effects of the southwest monsoon and Severe Tropical Storm “Crising”. The National Grid Corporation of the Philippines (NGCP) said on...
Retail electricity supplier MPower is set to power the cell sites and facilities of PLDT, Inc. and Smart Communications, Inc. as part of the Energy Regulatory Commission’s (ERC) Retail Aggregation Program (RAP). In a statement on Thursday, July 17, Manila Electric Company (Meralco) said MPower...
Power distributor Manila Electric Co. (Meralco) announced an upward adjustment of ₱0.4883 per kilowatt hour (kWh) in electricity rates due to higher generation charges. In a statement, Meralco noted that the increase, which brought the overall rate for a typical household to ₱12.6435 per kWh,...
The Manila Electric Company (Meralco) has energized a new gas-insulated switchgear (GIS) substation to support economic zones in southern Metro Manila. In a statement on Tuesday, July 1, Meralco said it has energized the ASEANA 115 kilovolt (kV) - 34.5 kV GIS substation in Parañaque City that...
Meralco PowerGen Corp. (MGen), the power generation arm of Manila Electric Company, has finalized power supply agreements to provide renewable energy (RE) to EvoEnergi Inc. In a statement, MGen announced that the company, through its thermal and RE subsidiaries, MThermal and MGreen, signed two...
The retail electricity supply unit of Manila Electric Company (Meralco), MPower, has expanded its partnership with the Gokongwei Group, securing renewed contracts to power most of the latter’s major facilities in Luzon.
In a statement on Monday, June 23, the Meralco unit said the renewed...
