LOPEZ-LED First Gen Corp. reported a 5.2% increase in its attributable net income for the second quarter to $79.21 million amid lower costs of sale of electricity and expenses.

Meralco warns customers about a text message scam falsely claiming they are due a refund. The utility advises against clicking suspicious links and provides official channels for customer concerns.

Giant wind turbines have arrived at the Batangas port for the Kalayaan 2 Wind Power Project, the Board of Investments (BOI) said Monday, marking a key step toward the project’s completion.

ACEN Corp., the listed power arm of conglomerate Ayala Corp., is putting off its P30-billion stock rights offering (SRO) until further notice.

ACEN INTERNATIONAL, Inc., the global arm of ACEN Corp., secured a $100-million loan from MUFG Bank’s Singapore branch, a major Japanese financial institution, to fund its renewable energy projects.

Alternergy Holdings Corp. has started assessing the wind potential in Albay Province where it plans to put up a 150-megawatt (MW) wind power project.

The decrease in energy demand in the hospitality sector, along with poor tourist arrivals are among the reasons the country’s largest power distribution firm has downgraded its energy sales forecast for the year.

The Energy Regulatory Commission (ERC) asked First Gas Power Corp. and Manila Electric Co. (Meralco) to follow proper procedure in their request to extend their power purchase agreement (PPA).

The Energy Regulatory Commission (ERC) has issued an advisory directing distribution utilities (DUs) to suspend disconnection activities and offer flexible payment options to consumers in areas declared under a state of calamity.

Power retailer Manila Electric Co (Meralco) said Friday its rates are subject to a stringent review and approval process to ensure they are fair and reasonable.