Santa Rosa City lone district Rep. Dan Fernandez (Facebook) For Santa Rosa City lone district Rep. Dan Fernandez, there are many reasons to turn down the franchise renewal application of power distribution giant Manila Electric Company (Meralco)....
Sustained recovery of consumer demand, along with approved rate adjustments, boosted Razon-led Manila Water Co. Inc.’s net income in the first quarter. In a statement on Tuesday, May 14, Manila Water said that its profit soared 35 percent to P3.1 billion from P2.3 billion in the same period last...
While most consumers expected radical spike in electricity rates, power utility giant Manila Electric Company (Meralco) had announced a rather moderate hike of P0.4621 per kilowatt hour (kWh) in its overall pass-on tariff that will be reflected in the bills of consumers this May. For residential...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) The Philippine economy stands to benefit if the franchise of power distribution giant Manila Electric Company (Meralco) gets renewed by Congress for another 25 years. Thus, said...
The electric bills to be dispatched by power utility giant Manila Electric Company (Meralco) and other power utilities will practically be knocking on forbidden doors this May – but consumers will have no choice but to finally face the ‘fear factor’ of soaring expenses for electricity...
Pangilinan-led SP New Energy Corp (SPNEC) is targeting to conclude sell-down of up to 40% of its shareholdings to foreign firms that will be willing to infuse capital into its 3,500-megawatt Terra Solar power project to be integrated with 4,500-megawatt hours (MWh) of energy storage system....
Sta Rosa City lone district Rep. Dan Fernandez (Facebook) A vice chairman of the House Committee on Energy is urging the Office of the Solicitor General (OSG) to elevate to the Supreme Court (SC) the Court of Appeals (CA) decision...
Metropolitan Bank & Trust Co. (Metrobank) reported a 14.5 percent growth in net earnings to P12.0 billion in the first quarter 2024 for a return on equity (ROE) of 13.7 percent. In a disclosure to the Philippine Stock Exchange, the bank said this was driven by consistent growth of its...
State-run Philippine National Oil Company (PNOC) has cemented a memorandum of understanding (MOU) with LBP Resources and Development Corporation (LBRDC), a subsidiary of Land Bank, for the rollout of solar rooftop installations at the latter’s economic zone domains. According to PNOC President...
Department of Health (DOH) Secretary Teodoro “Ted” Herbosa on Tuesday, April 30, told senators that he had no knowledge of the alleged multi-level marketing (MLM) schemes happening in the medical industry. That is, until the issue was raised before the Senate, and senators have...
In the absence of readily available capacity that it can procure via power supply agreement (PSA) underpinned by competitive selection process (CSP), power utility giant Manila Electric Company (Meralco) indicated that it will be left with no choice but to secure 260 megawatts (MW) of its required...
It may be a bitter pill to swallow, but the power supply turmoil in the country could ignite resurgence of coal-fired power generation, according to one of the country’s top energy players. And while the allure of green technologies would be highly irresistible, the fragility of the country’s...
