Voting 18-1-0 Senate on Tuesday, February 4, approved on third and final reading House Bill 10926 which gives the Manila Electric Company (Meralco) a fresh 25-year franchise.

INDUSTRIAL PRINTING company Precision Crestec, Inc. has renewed its partnership with Lopez-led First Gen Corp. to power its production facility in Pasig City.

ACEN CORP., the Ayala group’s listed energy platform, is increasing its investment in subsidiary Belenos Energy Corp. by subscribing to P392 million worth of additional shares.

The Energy Regulatory Commission’s (ERC) past “failure” to carry out a timely rate reset–which had been detrimental to consumers–wasn’t lost on veteran congressmen during a hearing of the so-called House Blue Ribbon committee on Monday, Feb. 3.

MANILA – Lawmakers approved a motion calling for an audit on the Energy Regulatory Commission during the lapse period to determine what caused the delays in rate reset process.

MANILA – The Energy Regulatory Commission (ERC) said on Monday it aims to complete the rate reset for the National Grid Corporation of the Philippines (NGCP) by February and Manila Electric Company (Meralco) by June.

THE SENATE on Monday approved on third and final reading a proposed measure that will extend Manila Electric Co.’s (Meralco) franchise for another 25 years.

The Energy Regulatory Commission (ERC) is set to decide on Manila Electric Company’s (Meralco) proposed P19-billion refund to its customers by March, ERC Chairperson Mona Dimalanta announced Monday.

THE Synergy Grid & Development Phils. Inc. (SGP) announced last Monday it is poised to hike its authorized capital stock (ACS) to give the Maharlika Investment Corp. (MIC) a 20-percent stake in the company, which holds a 40-percent share in the National Grid Corporation of the Philippines (NGCP).

STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) has completed the sale of three lots of its Maibarara property in Batangas and Laguna to Maibarara Geothermal, Inc. (MGI) for P473.17 million.