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.
The Philippine Solar and Storage Energy Alliance (PSSEA) sees 2025 to be a “banner year” for solar and storage power projects in the country even as it warned of emerging risks such as the need for human capital.
MANILA – The Board of Investments (BOI) has endorsed the PHP12.4-billion solar power project of TIGON Power Corp. in Pampanga.
The Securities and Exchange Commission (SEC) has approved the planned issuance of up to ₱1.6 billion worth of commercial papers by Alsons Consolidated Resources Inc. (ACR), the listed company of the Alcantara Group.
MANILA – A bill has been filed in the Senate to remove the system operation function from the franchise of the National Grid Corporation of the Philippines’ (NGCP) to strengthen national security.
The Energy Regulatory Commission set the hearings for the joint application of Manila Electric Co. (Meralco) and GNPower Dinginin Ltd. Co. (GNPD) for their proposed 15-year power supply agreement (PSA).