DOE: Government has other options aside from takeover of Peco
ENERGY Secretary Alfonso G. Cusi said on Wednesday there are other ways to address possible service interruption in Iloilo City other than a government takeover.
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ENERGY Secretary Alfonso G. Cusi said on Wednesday there are other ways to address possible service interruption in Iloilo City other than a government takeover.
TANGLAWAN Philippine LNG Inc. could take in state-firm Philippine National Oil Co. (PNOC) as a stakeholder in its capital-intensive LNG (liquefied natural gas) project.
THE Mania Electric Co. (Meralco) filed an application before the Energy Regulatory Commission (ERC) for approval of the emergency replacement of a power transformer located at its Tagaytay substation.
ADVENT Energy Inc., the retail electricity supplier (RES) of Hanjin Heavy Industries and Construction Co.-Philippines Inc. (HHIC-Phil), will cease from supplying power to the shipbuilder after next month.
ABOITIZ Power Corp. (AboitizPower) is well on track of hitting its energy capacity of 4,000 megawatts (MW) by 2020, its top official said on Tuesday.
OIL firms announced on Monday another price increase in petroleum products, the second for the year.
LOPEZ-LED First Gen Corp. and Energy Development Corp. (EDC) made it to the latest list of the world’s top 200 biggest and greenest companies.
REDONDO Peninsula (RP) Energy Inc., a partnership among the Manila Electric Co. (Meralco), Aboitiz Power Corp. and Taiwan Cogeneration Corp. through their respective subsidiaries, has canceled the limited notice to proceed issued to the project contractor for its 300-megawatt (MW) first phase coal-fired power plant in Subic, Zambales.
THE Power Sector Assets and Liabilities Management Corp. (PSALM) has decided to sell the Manila Thermal Power Plant (MTPP) land via a negotiated scheme.
DAVAO-based businessman Dennis Uy’s capital-intensive liquefied natural gas (LNG) project has been cleared by the Department of Energy (DOE).
THE number of gasoline stations that have started to implement higher fuel prices brought about by higher excise tax reached 444 as of Thursday, the Department of Energy (DOE) said.
THIRD telco player Mindanao Islamic Telephone Co. Inc. (Mislatel), the joint-venture partnership between Davao-based businessman Dennis Uy and China Telecom, has formalized an undertaking with the National Transmission Corp. (TransCo) meant to provide high-speed and affordable broadband in remote and rural areas of the country.
AC Energy Inc., the power arm of conglomerate Ayala Corp. is acquiring a 51.48-percent stake in Phinma Energy Corp. (PHEN) for P3.42 billion.
MAIBARARA Geothermal Inc. (MGI) has secured an extension of a Certificate of Compliance (COC) for its 20-megawatt (MW) Maibarara-1 power station in Santo Tomas, Batangas.
Consumers will see a P0.3418-per- kilowatt-hour (kWh) reduction in their power bills this month, the Manila Electric Co. (Meralco) announced on Tuesday.
DENNIS Uy’s Dennison Holdings Corp. made a P40.29-million down payment to PXP Energy Corp. pursuant to their amended subscription agreement signed last December.
ONLY 3.47 percent of the 8,630 gasoline stations nationwide have started implementing higher fuel prices brought about by higher excise taxes under the second tranche of the Tax reform for Acceleration and Inclusion (TRAIN) law.
THE Department of Energy (DOE) has received a fourth application to build a liquefied natural gas (LNG) facility in the country.
THERMA Mobile Inc. (TMO) has decided to cease participation in the electricity-trading market.
THE Manila Electric Co. (Meralco) has formally informed regulators of a pressing need to approve its applications for emergency capital expenditures (capex) while its 2018 and 2019 capex applications are pending.
THE National Grid Corp. of the Philippines (NGCP) urged lawmakers to expedite the passage of the Anti-Power Line Disturbance Act following the recent spate of right-of-way (ROW) violations.
GENERAL Milling Corp. (GMC), a leading integrated food-manufacturing company, has renewed its supply contract clean, reliable and renewable energy (RE) from Lopez-led Energy Development Corp. (EDC).
The Energy Regulatory Commission (ERC) has approved a capital expenditure (capex) spending of P1.082 billion from 2017 to 2021 for beleaguered Palawan Electric Cooperative (Paleco).
THE country’s power supply remained stable for the past 12 months despite a crippled Energy Regulatory Commission (ERC) that left the agency “powerless in making decisions critical to the energy sector.”
THREE Lopez companies earned big wins at the recently concluded Asia Sustainability Reporting (ASR) Rating 2018.
THE partnership between Phoenix Petroleum and China National Offshore Oil Corp. (CNOOC) for a planned liquefied natural gas (LNG) import terminal and power plant is one step closer to securing a permit from the Department of Energy (DOE).
THE National Electrification Administration (NEA) has designated a temporary general manager to beleaguered Palawan Electric Cooperative (Paleco) to help solve the province’s worsening power-supply problem.
THE National Grid Corp. of the Philippines said it takes its anti-pilferage campaign seriously following a court order against an individual who was charged with theft of NGCP tower parts in Bataan.
WHILE its neighbors in Southeast Asia have been drilling on average petroleum wells in the double- and triple-digit averages per year in the past decade, the Philippines has drilled only five wells, raising concern that it badly needs to catch up in the upstream petroleum industry
PHOENIX Petroleum Corp. initiated last Saturday another round of oil price rollback.
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