State-run Philippine National Oil Company (PNOC) is weighing the proposal of at least three investors that have been eyeing to put up an oil refinery at its property in Bataan, so it can augment the country’s fuel requirements. “We have proponents - there are investors talking to us about our...
An increase of P0.0846 per kilowatt hour (kWh) in the January billing cycle of Manila Electric Company (Meralco) will bring slight squeeze in the pockets of its roughly 8.0 million customers in the initial month of this year. The power utility firm announced that its tariff will climb to P11.3430...
Razon-led Manila Water Co. Inc. said it is on track to complete the Cayetano Pumping Station and Reservoir in Taguig City by 2025, a move that will help reduce its reliance on Angat dam as the main water source. In a statement, Jeric Sevilla, Manila Water corporate communication affairs director,...
Manila Water Company, a utility firm controlled by billionaire Enrique K. Razon Jr., has terminated its concession agreement with the Provincial Government of Pangasinan (PGP) for an P8 billion bulk water project. In a disclosure to the Philippine Stock Exchange (PSE), Manila Water said that the...
Tycoon Manuel V. Pangilinan has taken over the helm of SP New Energy Corporation (SPNEC) after Manila Electric Company (Meralco), through MGen Renewable Energy (MGreen), completed its acquisition of a controlling stake in the solar energy firm for P15.9 billion. In a disclosure to the Philippine...
(Unsplash) A House deputy minority leader is wondering why the Manila Electric Company (Meralco)--with its sheer size and economies of scale--can't offer low power rates the way small electric cooperatives can. “The economies of scale normally lead...
State-run Philippine National Oil Company (PNOC) is engaging into a new business niche by positioning as retail electricity supplier (RES), primarily to satiate the power supply requirements of the government agencies nationwide. In an interview, PNOC President and CEO Oliver B. Butalid indicated...
Metro Manila residents are poised to encounter higher expenses in the upcoming year, as the Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS) has approved a rate increase for two water concessionaires beginning January. Patrick Lester N. Ty, MWSS chief regulator, said Maynilad...
State-run Philippine National Oil Company (PNOC) has penciled in up to P5.0 billion worth of capital outlay for the repurposing of its Energy Supply Base (ESB) port facility in Mabini, Batangas, so it could be lined up for the logistics needs as well as to underpin support services to the thriving...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Did the Manila Electric Company (Meralco) violate its congressional franchise when it comes to the required annual submission of it operation reports? A vice chairman of the House Committee...
Cagayan de Oro 2nd district Rep. Rufus Rodriguez (Facebook) Are there "vested interests" at play in the call to divide into three the franchise of power distribution giant Manila Electric Company (Meralco)? Cagayan de Oro 2nd district Rep....
(Unsplash) Senator Sherwin Gatchalian is prodding the Energy Regulatory Commission (ERC) to expedite the reset of the power distribution rate for Manila Electric Co. (Meralco). Gatchalian's call followed remarks by former ERC Chairperson Agnes Devanadera at a...
