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ERC execs suspension no ‘debilitating effect’ in power supply, services – DOE chief

Energy Secretary Alfonso Cusi assured on Tuesday that the suspension of four commissioners in the Energy Regulatory Commission (ERC) officials will not cause a “debilitating effect” on the country’s power supply and services. (3-0)

DOE wants Meralco to explain power rate hike

The Department of Energy (DOE) has demanded an explanation from the Manila Electric Company (Meralco) regarding its electricity rate increase of P0.08 kilowatt per hour, which was set to be effective in February. (3-0)

MPIC taps P8-B syndicated loan facility

Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) has tapped a syndicated term loan facility worth P8 billion partly to trim the debt of its electricity business unit. (13-0)

MPIC avails of P8-B loan facility

2018-01-12 bworldonline
METRO Pacific Investments Corp. (MPIC) has secured an P8-billion syndicated term loan facility to partially finance the obligations of one of its subsidiaries. (17-0)

MPIC signs P8-B loan facility

2018-01-12 beta.philstar
MANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has signed a syndicated  term loan facility amounting to P8 billion. (20-0)

Meralco told to explain rate hike due to TRAIN

2018-01-12 beta.philstar
MANILA, Philippines — Energy Secretary Alfonso Cusi has ordered Manila Electric Co. (Meralco) to explain how it came up with the  eight centavos per kilowatt-hour (kwh) increase in electricity bills as a result of the Tax Reform for Acceleration and Inclusion (TRAIN) law. (7-0)

Zarate: Devanadera may face raps for holding meetings with suspended ERC execs

A militant lawmaker assailed the Energy Regulatory Commission (ERC) on Friday for “obstinately defying” the order of the Office of the Ombudsman suspending four ERC commissioners over the alleged anomalous power supply agreements. (3-0)

Meralco expects 5% sales volume growth for 2017

2018-01-11 beta.philstar
Meralco president Oscar Reyes said the company forecasts sales volume to grow by 4.9 percent, slightly higher than previous the expectation of 4.5 percent. (3-0)

Meralco customers’ power usage growth slows to about 4.9%

2018-01-11 bworldonline
MANILA ELECTRIC Co. (Meralco) said power usage within its franchise areas rose about 4.9% by volume in 2017, lower than the growth posted in 2016, its president said. (3-0)

NEA sees minimal impact of higher coal tax on power rates in provinces

2018-01-11 beta.philstar
MANILA, Philippines — The National Electrification Administration (NEA) expects power rate hikes in the provinces to be minimal despite higher coal taxes under the Tax Reform for Acceleration and Inclusion (TRAIN) law. (7-0)

Meralco joins call to resolve ERC vacuum

2018-01-11 beta.philstar
MANILA, Philippines — The speedy resolution of the leadership vacuum at the Energy Regulatory Commission (ERC) will serve the best interest of power players and consumers since the power industry is a heavily regulated one, according to the top official of Manila Electric Co. (Meralco). (3-0)

Meralco customers get big relief in Jan bills

Residential customers of Manila Electric Co. (Meralco) will enjoy lower rates for the second month in a row, this time by 52.6 centavos per kilowatt-hour, as the firm’s long-term suppliers and the spot market saw a decrease in electricity costs. (3-0)

Meralco to reduce electricity rates this month

2018-01-10 bworldonline
HOUSEHOLDS can expect a reduction in the cost of electricity in January as Manila Electric Co. (Meralco), the country’s biggest distribution utility, announced on Wednesday it will lower rates by P0.5260 per kilowatt-hour (kWh). (7-0)

Meralco to invest in 2 wind farms

2018-01-09 bworldonline
MANILA ELECTRIC Co. (Meralco) is looking to invest around $800 million in two wind farms, its president said, as he disclosed details about the company’s plan to expand its portfolio to include 300 megawatts (MW) of the renewable energy. (7-0)

Utilities grow faster on increased demand

2018-01-07 bworldonline
OUTPUT growth by the electricity, gas, and water sector hastened in 2016 brought by increased demand for these utilities. (5-0)