San Miguel Corp. has increased its holding in Manila Electric Co. (Meralco) after completing another purchase related to a long-stalled share acquisition agreement. In a regulatory filing on Tuesday, Aug. 26, San Miguel Global Power Holdings Corp. (SMGP) announced that it purchased 1.03 million...
Power distributor Manila Electric Co. (Meralco) has assured residents it is prepared to respond to power-related concerns as tropical depression “Isang” approaches. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) reported that as of 2 p.m. Friday, Aug....
Manila Electric Co. (Meralco) is strengthening its push for nuclear energy in the Philippines, expanding its partnerships in South Korea to explore and develop small modular reactors (SMRs). On Tuesday, August 19, Meralco announced a new agreement with DL Engineering & Construction Co. Ltd, a...
Keen to advance nuclear energy development, Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is set to receive funding support from the United States (US) government nearly three years after it first sought assistance to explore the potential of small modular reactors (SMRs). On the sidelines...
To strengthen its electricity services and support upcoming infrastructure projects, the Manila Electric Co. (Meralco) has announced the completion of nine major projects in the second quarter of the year. In a statement, Meralco said these capital expenditure (capex) projects, worth around ₱1.09...
Power distributor Manila Electric Co. (Meralco) announced on Tuesday, Aug. 12, an increase in electricity rates this month, primarily due to higher pass-through charges and a weakened local currency. According to Meralco, the overall rate for a typical household is now ₱13.2703 per kilowatt per...
Lopez-led First Gen Corp. (FGen) is asserting that the extension of its power purchase agreement (PPA) with Manila Electric Co. (Meralco) for the 1,100-megawatt Santa Rita power plant is valid and essential for energy security. While the proposal still awaits approval from the Energy Regulatory...
Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
Following recent comparisons by a rural power group and the National Electrification Administration (NEA), the Manila Electric Co. (Meralco) has defended its electricity rates, stating the utility aims to balance affordability with long-term power reliability. In a statement on Friday, Aug. 8, the...
Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) reported a 20 percent increase in net income for the first half of 2025, driven by improved financial and operational performance and strong contributions from its energy, water, and hospital businesses. During a financial briefing,...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) will source part of its power supply from biogas over a 20-year period as part of its renewable energy (RE) integration. In a statement on Monday, Aug. 4, Meralco said it has secured a power supply agreement (PSA) with First Quezon Biogas Corp....
Manila Electric Co. (Meralco), the country’s largest electric distribution utility, has revised its energy sales growth forecast for the year due to economic concerns. “Typically, the growth in the DU (distribution utility) is close to the real growth of the GDP (gross domestic product)…These...
