Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
Meralco The House of Representatives has overwhelmingly approved on third and final reading the bill seeking a new 25-year franchise for the Manila Electric Co.(Meralco), the country's biggest power distributor. The propsosed franchise...
Manuel V. Pangilinan-led Manila Electric Company has put up a new switching station for a data center in Sta. Rosa, Laguna. Meralco’s new infrastructure will support the power needs of VITRO Inc.'s AI-powered hyper-scale data center. VITRO is a subsidiary of ePLDT and the data center arm of the...
The Energy Regulatory Commission (ERC) will need to revisit and review a few matters with power distribution giant Manila Electric Company (Meralco) regarding its fifth regulatory period (5RP) as it said that they were expecting a refund approval last week. During a media briefing, reinstated ERC...
With the growth in sales of the distribution utility (DU) during the first nine months of 2024, the Manila Electric Company (Meralco) expects that its total number of customers will reach eight million by next month. During a media briefing, Meralco reported that its total customer count reached...
The Manila Electric Company (Meralco) is expecting an official decision from the Energy Regulatory Commission (ERC) regarding the first three-year refund and approval for the next regulatory period. In a briefing on Monday, Oct. 28, Meralco Senior Vice President Jose Ronald Valles estimated a P16...
Manny V. Pangilinan-led Manila Electric Company (Meralco) reported an increase in its consolidated core net income (CCNI), fueled by higher sales volumes and improved yields in its distribution, generation, and retail electricity supply businesses. In a briefing on Monday, Oct. 28, Meralco said...
Manila Electric Company (Meralco) reported progress in restoring power to its service areas following the devastation caused by Tropical Storm “Kristine.” As of Friday, Oct. 25, the number of affected customers has been reduced from 566,000 to approximately 360,000. Joe Zaldarriaga,...
The Manila Electric Company (Meralco) reported that it has restored power to thousands of consumers affected by severe tropical storm Kristine. As of noon Thursday, Oct. 24, Meralco said that 397,129 customers remain without electricity, but this number is steadily decreasing from 535,000...
As Tropical Storm Kristine makes its way towards the main island of Luzon, the Manila Electric Company (Meralco) is taking measures to mitigate potential power outages. In a statement on Tuesday, Oct. 22, Joe R. Zaldarriaga, Meralco vice president and head of corporate communications, said the...
Senior Citizens Party-list Rep. Rodolfo Ordanes (Facebook) Senior Citizens Party-list Rep. Rodolfo "Ompong" Ordanes has welcomed the reduction in the Manila Electric Company's (Meralco) power rates this October, saying it brings much-needed relief to...
(Unsplash) Senator Sherwin Gatchalian assailed the Energy Regulatory Commission's (ERC) decision to forgo the fifth regulatory reset of the Manila Electric Company's (Meralco) distribution rate, which covered the period of 2022 to 2026. In a...
