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ERC orders Meralco, GNPower to stop charging Batangas firm

THE Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) and GNPower Ltd. Co. to cease and desist from “assessing, billing and collecting” from Batangas Paper Corp. (BPC) any distribution wheeling charges until their dispute is resolved.

Energy group confident Palace will sign efficiency measure

THE Philippine Energy Efficiency Alliance, Inc. (PE2) said the proposed energy efficiency and conservation law, as cleared by Congress, has narrowed the “positional gaps” between the government and the private sector, including their stand on fiscal incentives.

Proposed solar farm in Sarangani gets CEPNS

A PROPOSED solar farm in Sarangani province has been added to the Department of Energy’s (DoE) list of energy projects of national significance, making it eligible to all the perks that come with the certification.

Manila Water continues to expand sewer connections in east zone

AYALA-LED Manila Water Co., Inc. said it had installed 5,135 sewer connections within Metro Manila’s east zone concession as of November last year, bringing the total to 191,784 since the time it took over the service from the government.

LANDBANK renews offer to buy PSE’s PDS stake

THE LAND BANK of the Philippines (LANDBANK) has offered to buy the Philippine Stock Exchange, Inc.’s (PSE) shares in the Philippine Dealing System Holdings Corp. (PDSHC) for nearly P282 million, according to the bourse operator.

Capital, equities markets to bounce back this year — FMIC

AFTER their dismal showing last year, First Metro Investment Corp. (FMIC) expects the capital and equities markets to significantly improve in 2019, as it forecasts stronger economic growth and lower interest rates.

AboitizPower ends contract with Hanjin unit

ABOITIZ Power Corp. walked away from offering a retail electricity supply contract to Hanjin Heavy Industries and Construction Philippines (HHIC-Philippines) ahead of the expiration of their one-year contract in February this year, sparing the energy company from the issues surrounding the financial woes faced by the South Korean company.

First Gen, EDC included in list of world’s 200 greenest companies

FIRST GEN Corp. and Energy Development Corp. (EDC) have been included in Carbon Clean 200, the list of the world’s top 200 biggest and greenest companies, the Lopez-led firms said on Monday.

Maynilad help sought for Manila Bay cleanup

THE Department of Environment and Natural Resources (DENR) has asked Maynilad Water Services, Inc. to participate in the cleanup of Manila Bay, including the company’s help in bringing quick results within the stretch of land facing the sea, the top official of the company said.

World prices push local fuel rates up for 2nd week

OIL COMPANIES will be raising the prices of petroleum products this week, extending last week’s increase after weeks of price cuts for most of the fourth quarter of last year.

AboitizPower open to overseas acquisitions

ABOITIZ POWER Corp. remains open to further acquisitions, possibly going beyond the Philippines in its expansion plan, a company official said.

Bulacan water project starts commercial operations

THE P24.4-billion Bulacan bulk water supply project will start commercial operations on Monday, making it the first major water project to be completed under the current administration.

Shell stations start collecting higher fuel taxes — Energy dep’t

PILIPINAS Shell Petroleum Corp. has adjusted the prices of the petroleum products it is selling to reflect the implementation of the higher excise and value-added taxes under the Tax Reform for Acceleration and Inclusion, or TRAIN law.

Napocor seeking to dispose of missionary fund excess

THE National Power Corp. (Napocor) has asked the Energy Regulatory Commission (ERC) to allow it to offset the excess of the basic universal charge for missionary electrification (UCME) against the P17.805 billion that has yet to be collected for 2019.

Ayala acquires Phinma Energy

AC ENERGY, Inc. is taking control of Phinma Energy Corp. through a “mutually strategic agreement” that gives the Ayala-led company a 51.48% stake in the listed energy firm for P3.42 billion.

Regulator renews MGI’s certificate of compliance

PETROENERGY Resources Corp. said on Wednesday that the certificate of compliance of Maibarara Geothermal, Inc. (MGI) had been renewed by the Energy Regulatory Commission (ERC), allowing the unit to continue its commercial operation.

Meralco bills lower this month

MANILA ELECTRIC CO. (Meralco) started the year with a reduction in the overall electricity rate to P9.835 per kilowatt-hour (/kWh) for January bills, down P0.3418/kWh from last month.

Dennis Uy’s firm gives P40-million downpayment for PXP Energy shares

THE holding company of Davao City businessman Dennis A. Uy has paid the 1% downpayment for its subscription to common shares in PXP Energy Corp., the listed oil and gas exploration company told the stock exchange on Tuesday.

US firm proposes LNG facility in Philippines

US-based Excelerate Energy L.P. has joined the list of companies planning to build a liquefied natural gas (LNG) facility in the Philippines as it filed on Dec. 27, 2018 its proposal with the Energy department, officials of the agency said on Monday.

Phoenix Petroleum on track to hit income target

PHOENIX Petroleum Philippines, Inc. said it expected to hit its P1.5-billion income target for 2018, with its new businesses driving growth and continuing to do so in 2019, the company’s finance chief said.

AboitizPower unit mothballs power plants due to lack of supply deals

THERMA Mobile, Inc. (TMO) notified Manila Electric Co. (Meralco) that it would physically disconnect from the utility’s system and will de-register as a trading participant in the wholesale electricity spot market, its parent firm Aboitiz Power Corp. said on Monday.

DoE: 300 fuel retailers start collecting new tax

THE Department of Energy (DoE) said on Monday a total of 268 retail stations of Petron Corp. had already imposed the excise and value-added taxes (VAT) under the second tranche of the tax reform law, while 32 Flying V stations implemented the higher tax.

Fuel prices up this week following international rates hike

OIL COMPANIES are raising the prices of petroleum products this week as trading in the international market had taken a sharp turn on Thursday last week after days of steady decline, Energy officials said on Monday.

DoE to require transparency on markups charged by oil firms

THE Department of Energy (DoE) hopes to issue by the first quarter a circular that will require oil companies to submit a breakdown of the costs that go into the pricing of petroleum products, including the so-called “industry take” that discloses their mark ups.

Palawan power utility submits revised distribution plan

THE Department of Energy (DoE) has ordered Palawan Electric Cooperative (Paleco) to submit an updated power distribution development plan (DDP) to determine whether the government should continue looking after the provision of electricity in the area.

DoE to require PSAs for ‘nationally significant’ projects

THE Department of Energy (DoE) will not issue certifications for energy projects of national significance (EPNS) if an applicant has no power supply agreement (PSA) in place, officials said.

ERC approves PEMC loan repayment plan

THE Energy Regulatory Commission (ERC) has approved in part the application of the Philippine Electricity Market Corp. (PEMC) to repay a loan amounting to about P817 million to build its electronic market management system through unused funds and additional transaction fees.

Gov’t moving to allow work to resume at gas field in...

THE DEPARTMENT of ENERGY (DoE) is recommending to the Department of Foreign Affairs (DFA) the end of the suspension of exploration in a disputed South China Sea area covered by Service Contract (72), after PXP Energy Corp. -- the company with the biggest stake in the project -- submitted its request to pursue its work program, Energy officials said on Thursday.

Energy World Philippines gets go signal to build LNG facility

THE local unit of Australia’s Energy World Corp. Ltd. (EWC) has taken the lead in the race to build an integrated liquefied natural gas (LNG) facility in the Philippines as its proposal has been cleared by the Department of Energy (DoE).

Six fuel sellers jump the gun on collecting new tax

THE Department of Energy (DoE) has ordered six gasoline stations of Petron Corp. to explain why they prematurely collected excise and value-added taxes on gasoline and diesel products sold at the turn of the year.

Ayala energy unit to focus on growing RES customer base

AYALA-LED AC Energy, Inc. is looking at its retail electricity supply (RES) unit as a long-term business whose growth in the near term is meant largely to establish a respectable customer base, its top official said.

Mindanao power supply adequate for expected investments — Alsons

DEMAND for power in Mindanao has grown significantly in the past five to six years, with the current power reserves considered adequate to support new investment in the main southern island, an official with Alsons Consolidated Resources, Inc. said.

Trina Solar mulls foray into minigrid business in PHL

TRINA Solar Energy Development Pte. Ltd. is looking at entering the minigrid business in the country and has tapped the services of lawyers to study the details of a regulation being drafted by government agencies covering the so-called “distributed power.”

PDS Group may raise listing target

THE PDS Group will be re-evaluating its listing target for 2019, possibly adjusting upwards the previously set P200 billion, a company official said.

Phoenix Petroleum plans more fund-raising activities in 1st half

PHOENIX PETROLEUM Philippines, Inc. is looking to raise P5 billion by the first half of next year apart from the remaining P3 billion in short-term commercial papers that it is considering to issue around the same period, company officials said on Thursday.

Manila Water gets contract for Calbayog City

MANILA WATER Co., Inc. said on Thursday that it had received the notice of award from the Calbayog City Water District (CCWD) to manage the area’s water and wastewater systems under a 25-year contract.

PXP Energy, Uy’s Dennison to close deal by March

PXP ENERGY Corp. said on Thursday that it had advanced the date for Dennison Holdings Corp. to subscribe to the listed firm’s shares at a total price of P4.029 billion, amending the terms they had agreed on about two months ago.

NGCP urges passage of law vs power lines encroachment

PRIVATELY-OWNED National Grid Corp. of the Philippines (NGCP) has renewed its call for legislators to hasten the passage of the anti-power disturbance bill as it cited a number of recent right-of-way breaches that hampered power transmission.

Manila Water-led group bags Nueva Ecija project

MANILA WATER Co., Inc. and its two consortium partners have been awarded a 25-year contract to develop the water district of San Jose City in Nueva Ecija, the Ayala-led listed company said on Wednesday.

MWSS, NIA to jointly carry out key projects

THE Metropolitan Waterworks and Sewerage System (MWSS) and National Irrigation Administration (NIA) will share resources to better participate in the government’s infrastructure program, MWSS said.

MWSS asks Razon-led venture to withdraw case

METROPOLITAN WATERWORKS and Sewerage System (MWSS) has asked the joint venture led by port and casino magnate Enrique K. Razon, Jr. to withdraw a case against the state agency and release water to a concessionaire if he wants the dam-and-power project to proceed.

SEC clears Iloilo healthcare provider’s IPO plan

An Iloilo City-based company that manages hospitals and healthcare facilities has secured approval of the Securities and Exchange Commission (SEC) to sell its shares through an initial public offering (IPO).

PSE pursues Shenzhen tie-up

THE PHILIPPINE STOCK EXCHANGE (PSE) has taken further steps to explore potential avenues for cooperation with the Shenzhen Stock Exchange (SZSE), visiting that Chinese city late last month to learn about the Chinese bourse’s listing and disclosure regulations and other market-related functions.

NEA appoints acting GM for Palawan power co-op

STATE-RUN National Electrification Administration (NEA) said on Friday that it intervened in the management and operation of Palawan Electric Cooperative (Paleco) to help resolve the province’s power problems.

Jollibee takes 47% stake in US Mexican-food business

JOLLIBEE Foods Corp. (JFC) said Friday that it achieved deal closing on a US partnership to build a Mexican-themed restaurant business.