The energy sector is bullish ahead of President Ferdinand Marcos Jr.’s State of the Nation Address (SONA).

MANILA, Philippines — Tycoon Manuel V. Pangilinan expects power giant Manila Electric Co. (Meralco) to shatter its all-time high earnings in 2024, signaling even stronger financial results this year.

SAN MIGUEL Global Power Holdings Corp. (SMGP), the power arm of San Miguel Corp. (SMC), has acquired a 3.8% stake in Manila Electric Co. (Meralco) for P3.9 billion following a long-delayed deal with the Land Bank of the Philippines (LANDBANK).

LISTED renewable energy (RE) firm Basic Energy Corp. (BEC) has earmarked up to P300 million to finance the pre-development activities for its renewable energy projects in the pipeline over the next two to three years.

Aboitiz Renewables Inc., the renewable energy arm of Aboitiz Power Corp., has secured the “Final Certificate of Approval to Connect” (FCATC) from the National Grid Corporation of the Philippines (NGCP) for its 137.4-megawatt Calatrava Solar Power Plant in Negros Occidental.

The incoming chairman of the Energy Regulatory Commission (ERC) resigned as independent director of Synergy Grid & Development Phils. Inc. (SGP).

After more than a decade, tycoon Ramon S. Ang is back as a shareholder in power distributor Manila Electric Co. (Meralco).

The ongoing southwest monsoon or habagat is one of the worst monsoon rains that I can remember in recent years. The cloudy and showery days started last Thursday, July 17, with strong rains that led to cancellation of classes a day after, or on July 18. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa)…

LOPEZ-LED renewable energy firm First Gen Corp. is looking to invest more in its geothermal portfolio next year to upgrade some of its facilities and optimize steam resources, its president said.

Outgoing Energy Regulatory Commission (ERC) Chairperson Monalisa Dimalanta is pushing to accelerate plans that would allow households to choose their own power suppliers.