Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
The ‘ may liwanag ang buhay ’ mantra did not prevail over the wrath of typhoon Carina after many parts of Metro Manila and nearby provinces were submerged into extreme flooding on Wednesday (July 24) and that triggered electricity service cut-off to many consumers, yet power utility giant...
The Manila Electric Co. (Meralco) assured that it practices the government-mandated competitive selection process (CSP), which involves an open and transparent manner to ensure that consumers benefit from sufficient least-cost supply. “We would like to reiterate that Meralco strictly observes and...
DHSUD Secretary Jose Rizalino Acuzar signs the memorandum of understanding (MOU) with Meralco Executive Vice President and Chief Operations Officer Ronnie Aperocho that will pave the way to ensuring efficient delivery of power supply to government's mass housing projects in the power firm's areas...
Senator Alan Peter Cayetano has called for a suspension of Manila Electric Company (Meralco)’s Competitive Selection Process (CSP) for 600 megawatts of baseload supply starting next year, amid concerns regarding fairness. (Photo from the Office of Senator Alan Peter Cayetano) "So Madam ERC, I...
Power utility giant Manila Electric Company (Meralco) has secured three contracts for a total of 500-megawatt capacity that will satiate its requirements for renewable energy (RE) supply portfolio as prescribed under the government-enforced Renewable Portfolio Standards. The tariffs cornered by the...
By MYRNA M. VELASCO The roughly 8.0 million customers of Manila Electric Company (Meralco) will suffer ‘electric shock’ from its P2.1496 per kilowatt hour (kWh) hefty rate hike in the July billing, which were triggered by uptick in the generation charge with high exposure in the Wholesale...
Tycoon Manuel V. Pangilinan is stepping down as President and CEO of SP New Energy Corporation in favor of Emmanuel V. Rubio, who the MVP Group has recently hired to lead Meralco PowerGen Corporation (MGen) after his retirement as the chief executive of Aboitiz Power Corporation. In a...
Japanese-owned manufacturing firm Citizen Finedevice Philippines Corp. strides on its sustainability journey with the switch-on of its solar rooftop facility that was energized by MSpectrum, the solar solutions business unit of Manila Electric Company. The green energy facility with a capacity of...
Power utility giant Manila Electric Company (Meralco) has reported rising incidents of theft on power meters and electrical wires, hence, it was prompted on intensifying its efforts to deter these unscrupulous acts of some lawless elements. The utility firm indicated that it has been working with...
By ATTY. MARCIANO G. DELSON (Photo courtesy of sanbeda.edu.ph) My former student asked my opinion about the recent Energy Regulatory Commission (ERC) decision on the Meralco refund application. Having been assured that there is no pending case on the matter, I hereby oblige, as a...
At least eight companies are eyeing to corner the 600-megawatt capacity that is slated for auction by power utility giant Manila Electric Company (Meralco) to beef up its supply portfolio starting August next year. In a pre-bid conference on Thursday (July 4), the Filipino-owned companies which...
