An official from the Department of Energy (DOE) has reported a better power situation in Luzon due to improved stability in the region's electricity supply. Energy Assistant Secretary Mario C. Marasigan told reporters on Friday, May 24, that the power outage was reduced to 1,600 megawatts while the...
It was another round of ‘madness’ for millions of Filipino consumers before the strike of midnight on Thursday (May 23), as most parts of Luzon grid had been tormented with one to 1.5-hour rotational brownouts. In the franchise area of Manila Electric Company (Meralco) alone, more than 487,000...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has secured a loan from Metropolitan Bank & Trust Co. (Metrobank) to support its capital needs for the year. In a statement on Thursday, May 23, Maynilad said the P10 billion from Metrobank will help fund projects aimed at...
As Luzon grid descended into new round of red alert that was prompted by the tripping of a major power plant, consumers are left with no choice but to suffer through inconvenience and relive the stress of waiting for another wave of spikes in their electric bills. System operator National Grid...
(MANILA BULLETIN) A Laguna congressman who is against the renewal of the Manila Electric Company’s (Meralco) franchise has once again lambasted the power distribution giant for its supposed failure to provide updates on its weighted...
APEC Party-list Rep. Sergio Dagooc (left), PHILRECA Party-list Rep. Presley de Jesus (Facebook) Members of the so-called "power bloc" in the House of Representatives have affirmed their support for the early grant of a 25-year extension to the...
The Philippine Stock Exchange (PSE) has approved the application of Roxas Holdings Inc. (RHI) for a nine-day voluntary suspension of the trading of its stocks following the planned takeover of young tycoon Leandro Leviste. In its letter to the PSE, RHI said it sought a trading suspension to avoid...
Cagayan de Oro 2nd district Rep. Rufus Rodriguez (Facebook) Another congressman has endorsed the grant of an early extension to the legislative franchise of power distribution giant Manila Electric Company (Meralco). Cagayan de Oro 2nd district Rep. Rufus...
The Zobel-controlled Ayala Corporation is fully divesting from utility Manila Water Company with the sale of its remaining 23.6 percent stake in the Metro Manila East Zone concessionaire for P14.5 billion to billionaire Enrique K. Razon Jr.’s Trident Water Company Holdings Inc. In a disclosure to...
Surigao del Sur 2nd district Rep. Johnny Pimentel (Facebook) Surigao del Sur 2nd district Rep. Johnny Pimentel has cited a glaring similarity between the Manila Electric Company (Meralco) and television network Sonshine Media Network Inc. (SMNI) that...
PacificLight Power Pte Ltd (PLP), a subsidiary of the Meralco PowerGen Corporation (MGen), has cornered a deal on the provision of 100 megawatts (MW) of ‘fast start’ generation capacity for the Singapore electricity market. The supply deal had been awarded by the Energy Market Authority (EMA),...
Marinduque lone district Rep. Lord Allan Velasco, Meralco logo (Facebook) House Committee on Energy Chairman Marinduque lone district Rep. Lord Allan Velasco has echoed the call to grant an early extension to the congressional franchise of the...
