Tag page - PSA termination

The Energy Regulatory Commission (ERC) said it will weigh the rate impact as well as implications on next year’s supply of the terminated power supply agreements (PSAs) between power utility giant Manila Electric Company (Meralco) and the subsidiaries of SMC Global Power Holdings Corporation of...

SMC Global Power Holdings Corporation (SMCGP), a subsidiary of San Miguel Corporation, has formally notified Manila Electric Company (Meralco) that it will be terminating its fixed-price power supply agreement (PSA) covering 670 megawatts of supply drawn from the Ilijan gas-fired power plant. As a...

SMC Global Power Holdings Corporation (SMCGP), the energy investment arm of San Miguel Corporation (SMC), has formally lodged ‘notice of termination’ for two of its prevailing power supply agreements (PSAs) with Manila Electric Company (Meralco). This move is SMCGP's ultimate recourse if the...