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Thursday, May 9, 2024

Energy

Watchdog backs ERC appeal on Meralco-SMC deals

The watchdog group Power for People Coalition (P4P) expressed support for the move by the Energy Regulatory Commission (ERC) to appeal before the Supreme Court (SC) the decision of the Court of Appeals (CA) that allowed two power generating arms of San Miguel Corp. (SMC) to walk out on power supply deals with Meralco that have set fixed rates. SMC last year won a ruling from the CA which reversed...

ACEN’s income climbed to P2.7b in Q1 on higher power output

ACEN Corp., the listed energy platform of the Ayala Group, said Wednesday...

NGCP seeks help to complete Amlan-Dumaguete line

National Grid Corp. of the Philippines asked stakeholders and Negros Oriental government...

Zamboanga faces power woes amid delays in contract approval

Zamboanga City faces the threat of power fluctuations and outages due to...

LATEST Energy

LATEST

Power firms vow to protect Verde Island biodiversity

Three of the Philippines’ biggest conglomerates joined forces with the Department of Environment and Natural Resources (DENR) and the Department of Energy (DOE) on...

Semirara keen on developing 700-MW coal plant in Batangas

Semirara Mining and Power Corp. remains keen on developing a 700-megawatt coal-fired power plant in Calaca, Batangas under subsidiary St. Raphael Power Generation Corp. SMPC...

AboitizPower’s first-quarter income rose 4% to P7.9b

Aboitiz Power Corp. said Monday it posted a 4-percent net income growth in the first quarter to P7.9 billion from P7.5 billion in the...

Semirara’s profit declined 28% in 3 months on weaker market prices

Semirara Mining and Power Corp. (SMPC) said Monday its net income fell 28 percent in the first quarter of 2024 to P6.5 billion from...

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