Power utility giant Manila Electric Company (Meralco) is extending its investment interest to other nuclear technologies like small modular reactors (SMR) and conventional nuclear fleets – and that could include the planned repowering of the idled Bataan Nuclear Power Plant (BNPP) if the...
Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan or the MVP Group, has sealed separate agreements to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation for a yet undisclosed amount. "Having both online and offline solutions, Bayad and...
The ‘ may liwanag ang buhay ’ mantra did not prevail over the wrath of typhoon Carina after many parts of Metro Manila and nearby provinces were submerged into extreme flooding on Wednesday (July 24) and that triggered electricity service cut-off to many consumers, yet power utility giant...
The Manila Electric Co. (Meralco) assured that it practices the government-mandated competitive selection process (CSP), which involves an open and transparent manner to ensure that consumers benefit from sufficient least-cost supply. “We would like to reiterate that Meralco strictly observes and...
DHSUD Secretary Jose Rizalino Acuzar signs the memorandum of understanding (MOU) with Meralco Executive Vice President and Chief Operations Officer Ronnie Aperocho that will pave the way to ensuring efficient delivery of power supply to government's mass housing projects in the power firm's areas...
The uptrend in the tariff of Manila Electric Company (Meralco) in its July billing will strain its customers’ household budgets, but a survey of selected power utilities in various parts of the country would show that its rate hike is still leaner versus peer-distribution firms. Meralco announced...
Senator Alan Peter Cayetano has called for a suspension of Manila Electric Company (Meralco)’s Competitive Selection Process (CSP) for 600 megawatts of baseload supply starting next year, amid concerns regarding fairness. (Photo from the Office of Senator Alan Peter Cayetano) "So Madam ERC, I...
Power utility giant Manila Electric Company (Meralco) has secured three contracts for a total of 500-megawatt capacity that will satiate its requirements for renewable energy (RE) supply portfolio as prescribed under the government-enforced Renewable Portfolio Standards. The tariffs cornered by the...
By MYRNA M. VELASCO The roughly 8.0 million customers of Manila Electric Company (Meralco) will suffer ‘electric shock’ from its P2.1496 per kilowatt hour (kWh) hefty rate hike in the July billing, which were triggered by uptick in the generation charge with high exposure in the Wholesale...
Japanese-owned manufacturing firm Citizen Finedevice Philippines Corp. strides on its sustainability journey with the switch-on of its solar rooftop facility that was energized by MSpectrum, the solar solutions business unit of Manila Electric Company. The green energy facility with a capacity of...
PLDT Inc. (PLDT) and Smart Communications, Inc. (Smart) Chairman and CEO Manuel V. Pangilinan plans to grow the business beyond telecommunications by tapping into the strengths of the whole MVP Group through DigiCo. During the recently held PLDT annual shareholders’ meeting, Pangilinan introduced...
