Meralco rookie Alvin Pasaol, center, signs on a two-year contract in the presence of team manager Paolo Trillo and agent Marvin Espiritu at the Meralco Gym in Ortigas. (Photo from Marvin Espiritu) Meralco officially signed forward Alvin Pasaol to a two-year rookie contract Thursday, March 25,...
To avoid the chaotic billing procedures last year, power utility giant Manila Electric Company (Meralco) indicated that it will carry on with the deployment of meter readers within its service areas in Metro Manila and neighboring provinces, so its customers can be billed based on their actual...
Photo from ABL Meralco signed Jason Brickman to play for its PBA 3x3 team after he was listed as ineligible in the recent Rookie Draft due to incomplete documents. The Bolts made the announcement Friday, March 19, allowing Brickman to use the competition as preparation for his eventual PBA entry...
The Energy Regulatory Commission (ERC) is soliciting inputs from industry stakeholders on the targeted modification of the tariff-setting scheme that will be enforced to power distribution utilities on the rates that they will pass on to consumers. The regulatory body is currently reviewing the...
Meralco PowerGen Corporation (MGen), the power generation investment arm of Manila Electric Company (Meralco) will be pursuing a rebranding of its 50-megawatt PowerSource First Bulacan Solar Inc. (PFBS) project that is due on commercial stream this year. “Our first solar project, this is the...
With roughly four million of Filipinos out of work, compounded by the incessantly rising prices of basic commodities, Filipino consumers are indeed in a dizzying ride for survival through the economic mare’s nest stirred up by the COVID-19 pandemic. There’s still one item in the monthly...
The 7.1 million customers of Manila Electric Company (Meralco) will experience cost relief in their pockets this month -- with the calculated tariff reduction of P0.3598 per kilowatt hour (kWh), primarily for residential consumers in the utility firm’s March billings. According to the company,...
Power utility giant Manila Electric Company (Meralco) has spent its P20.8 billion worth of capital expenditure (capex) undertakings last year with the completion of electric and non-electric projects. According to Meralco, the firm’s capital spending last year was higher by 3.0-percent versus...
Power utility giant Manila Electric Company (Meralco) has set P1.8 billion provision for ‘bad debts’ or ‘credit loss’ because of the extended ‘no disconnection’ policy being enforced by the government for consumers that have unpaid bills. “Given that there is an extension on the...
Photo from PBA Meralco coach Norman Black said the talent pool in this year’s PBA Rookie Draft could be an exceptional one if some of the Fil-foreigners can submit necessary requirements before Friday’s deadline. “It can be very special, I believe,” Black said in an interview with One...
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company (Meralco), is seriously weighing options to shift investment plans into setting up liquefied natural gas (LNG) facilities instead of the previously blueprinted coal-fired power investments. “We should get into the...
Owing mainly to the coronavirus pandemic-induced sales decline, the core net income of Manila Electric Company (Meralco) went down 9.0-percent to P21.711 billion last year from a robust bottom line outcome of P23.832 billion in 2019. The utility firm’s reported net income suffered an even deeper...
