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Meralco seeking ERC nod for emergency capex

MANILA Electric Co. (Meralco), the country’s largest power distribution utility, is seeking approval from the energy regulator for an emergency capital expenditure (capex) of up to P15.19 billion to cover its 2020 projects, nearly a third of which are to fund “very urgent major projects.”

ERC sets ‘maximum stable load’ as basis for computing installed capacity

THE Energy Regulatory Commission (ERC) said it will base its measurement of installed generating capacity on individual plants’ “maximum stable load,” making it the starting point for computing market share limitations as required by law.

Electric vehicle industry charts next dev’t steps

ELECTRIC VEHICLES are here to stay because China is investing heavily in the manufacture of these cars and the production of their batteries, but the Philippines needs to do more to encourage greater adoption of EVs.

Zamboanga electric co-op pays P150M to WMPC

ZAMBOANGA CITY Electric Cooperative (Zamcelco), through its investor-managers, paid P150 million to Western Mindanao Power Corp. (WMPC) during their hearing at the Energy Regulatory Commission (ERC) on Wednesday, the power distribution utility said.

Peak power demand in first half fails to breach DoE forecast

THE National Grid Corp. of the Philippines (NGCP) said Wednesday that peak power demand, usually achieved in the first half, failed to breach the government’s forecast.

PSALM duns 14 firms for P1.9-billion arrears

THE Power Sector Assets and Liabilities Management Corp. (PSALM) has given 14 firms 10 days to pay long-overdue obligations totaling some P1.931 billion or face legal action.

SEC releases draft rules on digital asset trades

THE Securities and Exchange Commission (SEC) is seeking comments from the industry on its draft digital asset exchange rules, as the regulator aims to keep up with the latest developments in information and communication technology and their financial market applications.

DoE puts Semirara coal trading suspension order on hold

SEMIRARA Mining and Power Corp. (SMPC) said the Energy department had granted the request of the Consunji-led listed company to put on hold an order issued last month for the suspension of its coal trading activities.

SM Prime profit jumps 16% in Q2

SM PRIME Holdings, Inc. reported a 16.4% increase in net income during the second quarter to P10.50 billion from P9.02 billion a year ago as it cited the “stable economy” as helping the Sy-led firm sustain its profit growth so far this year.

Greenergy ends MoA with South Korean group

GREENERGY Holdings, Inc. has terminated its memorandum of agreement (MoA) with a Korean group that was supposed to develop for the listed company a number of ventures, including a transport hub and “smart” property projects.

DoE touts new funding for indigenous communities hosting power projects

THE Department of Energy (DoE) said the guidelines for indigenous communities to derive financial benefits from hosting of power generation plants and projects will soon take effect, and encouraged these communities to make appropriate preparations.

Gasoline prices to rise by P1.05 a liter this week

PRICES of gasoline, diesel and kerosene products are set to rise this week to reflect global price movements, according to separate advisories issued by oil companies yesterday.

Gov’t finalizing rules for renewable energy suppliers in option program

THE DEPARTMENT of Energy (DoE) targets to finalize in about two months a circular that will set the guidelines for the issuance of operating permits for renewable energy suppliers under the agency’s green energy option program (GEOP).

Energy efficiency group identifies priority tasks

THE Philippine Energy Efficiency Alliance (PE2) will have to bolster its partnership with the government for at least four priority tasks, including making the organization the sector voice of market stakeholders as the Energy department crafts the implementing rules and regulations (IRR) of Republic Act No. 11285.

Energy dep’t seeking comment on smart grid policy circular

THE Department of Energy (DoE) is asking interested parties to comment on a draft circular that provides a national policy framework for smart grids and a “roadmap” for distribution utilities.

Senate bill to allow microgrids to be developed without franchise holders’...

A SENATE bill aims to speed up rural electrification by boosting the development of microgrid systems by accredited developers, imposing sanctions on bureaucratic delays and lifting the requirement of securing waivers from franchise-holding utilities.

ERC issues refund order to 12 power distributors

THE Energy Regulatory Commission (ERC) has issued orders to privately-owned power distribution utilities (DUs) directing them to refund customers on the unused “regulatory reset cost” including any remaining amount from the previous regulatory period plus interest.

PNOC signs exploration agreement with Israel’s Ratio Petroleum

PHILIPPINE National Oil Co. (PNOC) and Israel’s Ratio Petroleum Ltd. signed a memorandum of understanding (MoU) to “seek to establish cooperation” for the exploration and development of oil and gas resources in the Philippines, the Energy department said Friday.

Maynilad steps up effort to reduce nonrevenue water

MAYNILAD Water Services, Inc. has stepped up its plan to reduce nonrevenue water (NRW) with the acquisition of a second mobile leak detection equipment to boost its leak repair drive.

SMPC seeks lifting of cease order on coal trading

SEMIRARA Mining and Power Corp. (SMPC) said on Wednesday that it is in talks with the Energy department for the lifting of the cease and desist order on its coal trading activities after issues arose when a buyer failed to produce the required accreditation.

Cardona water treatment plant helps boost Manila Water supply

MANILA Water Co., Inc. said its Cardona water treatment plant in Rizal province had been producing up to 63 million liters per day (MLD) as of Sunday, July 7, helping the water concessionaire narrow the supply gap that has burdened its customers since March.

ERC halves caseload of power co-ops late in paying fees

THE Energy Regulatory Commission (ERC) has closed more than two dozen pending cases against electric cooperatives for late or non-payment of supervision and regulation fees.

Meralco bills down for 3rd month in July

HOUSEHOLDS in Metro Manila and surrounding areas can expect their electricity bills to go down for the third straight month in July, as Manila Electric Co. (Meralco) announced a P0.1068 per kilowatt-hour (/kWh) drop in overall rate as a slight increase in generation charge covering the June supply month was offset by a fall in other costs.

Only gasoline up this week

OIL PRICE adjustments will be mixed this week as companies announced a price rollback for diesel and kerosene and an increase for gasoline. Prices of gasoline products will increase by P0.25 per liter (/L), while those of diesel and kerosene will decrease by P0.40/L and P0.35/L, respectively. The price adjustment follows the movement of prices in the international market.

ERC to hear co-op plea to pass on realty tax

THE ENERGY REGULATORY COMMISSION (ERC) will hear this week a petition filed by electricity cooperatives to treat rural property tax (RPT) as a pass-on cost that can be collected from power users.

Murang Kuryente joins calls to amend EPIRA law

ADVOCACY group Murang Kuryente has joined in the call to review Republic Act No. 9136 or the Electric Power Industry Reform Act of 2001 (EPIRA) in view of recent developments in the forging of power supply agreements (PSAs).

Caution pressed in renewable energy push

A PLAN to expand the country’s renewable energy (RE) portfolio needs “careful study” -- even if it is a step in the right direction -- in order to prevent passing the burden to consumers, the chairman of the Senate’s energy panel said.

FPH okays additional P5-billion allotment for share buyback program

FIRST Philippine Holdings Corp. (FPH) approved on Thursday an additional allotment of P5 billion for its common shares buyback program, the Lopez-led company told the stock exchange yesterday.

DoE, Japan’s METI to review Mindoro power development plan

THE DEPARTMENT of Energy (DoE) has stepped up plans to improve the delivery of electricity in Mindoro island as it looks to review a power development proposal for the province in partnership with Japan.

DoE seeks oil contract counterproposals

THE DEPARTMENT of Energy (DoE) has invited local and foreign challengers to the three applications for petroleum service contracts in three areas in the Philippines outside the 14 pre-determined areas it had offered to exploration companies.

Widus International expands deal with AboitizPower

ABOITIZ Power Co. said on Wednesday that it had signed up Widus International Leisure, Inc. to switch to its Cleanergy brand.

Manila Water inks JV deals for Lambunao, Calbayog districts

MANILA WATER Co., Inc. has signed and executed a joint venture agreement (JVA) with the Lambunao Water District to handle the water system of the town in Iloilo province in a 35-year project that will entail a capital expenditure of P78.98 million.

Phoenix to amend China Bank trust agreement

PHOENIX Petroleum Philippines, Inc. is asking the consent of the holders of its P1.375-billion fixed rate notes to adopt certain amendments to the trust agreement between the company and China Banking Corp., it told the stock exchange on Tuesday.

Phinma Energy, PPGI name new directors

PHINMA Energy Corp. and its unit Phinma Petroleum and Geothermal, Inc. (PPGI) have named new directors to take over the seats vacated by their previous owners in line with the takeover by Ayala-led AC Energy, Inc. of the listed energy companies.

ADB OK’s its biggest infrastructure financing yet

THE ASIAN Development Bank (ADB) on Thursday approved financing for up $2.75 billion for the construction of a passenger railway linking Malolos in Bulacan to Clark economic zone and international airport in Central Luzon, making it the regional lender’s “single largest infrastructure project financing ever.”

NEA plans to modify norms for evaluating co-ops

THE NATIONAL Electrification Administration (NEA) has proposed changes to the way it evaluates the performance of electric cooperatives by including their energization level among the parameters, the agency said on Thursday.

Regulator calls Maynilad to account

THE METROPOLITAN WATERWORKS and Sewerage System’s Regulatory Office (MWSS-RO) has issued a notice of service obligation failure to Maynilad Water Services, Inc. for not meeting requirements under its concession agreement, the chief regulator said on Tuesday.

San Miguel to submit proposal for P35-B water source project

SAN MIGUEL Corp. (SMC) is planning to submit an unsolicited proposal to build a new water source that will deliver up to 3,800 million liters per day (MLD) at a much cheaper cost for consumers than the company’s bulk water project in Bulacan, its top official said.

Alsons swings to profit in Q1

ALSONS Consolidated Resources, Inc. (ACR) posted a first-quarter net income attributable to the parent firm of P6.11 million, reversing losses of P19.74 million in the same period last year despite a decline in its revenues during the period.

DoE may issue circular to enforce SC ruling on competitive selection

THE Department of Energy (DoE) is meeting with Manila Electric Co. (Meralco) and other stakeholders that are expected to be affected by the Supreme Court (SC) decision requiring all power supply agreements (PSAs) forged after June 30, 2015 to undergo a competitive selection process (CSP).

Gov’t on road show to draw interest to energy auction

THE DEPARTMENT of Energy (DoE) is taking to the United States and other parts of the globe its road show to drum up interest in the Philippine Conventional Energy Contracting Program (PCECP) after it extended the deadline for investors to submit their application to explore pre-determined oil and gas reserves in the country.

DoE circular on smart grids due by 3rd quarter

THE DEPARTMENT of Energy (DoE) is scheduled to issue in the third quarter a circular covering the operation of smart grids in the Philippines as distribution utilities embark on projects to upgrade power systems in line with advances in the technology.

Fuel prices higher again this week

AFTER THE past two weeks of decline, gasoline prices this week will rise by P0.90 per liter (/L), while the prices of diesel products will increase by P0.80/L, the same amount that was cut two weeks ago.

San Miguel power unit disputes gov’t claim of unpaid fees

SOUTH PREMIERE Power Corp. (SPPC) said it had paid the government P289.1 billion since 2010 in various fees as administrator of the Ilijan power plant in Batangas, as it disputed the P19.75 billion in supposed unpaid dues being claimed by the state energy privatization agency.

Energy department extends deadline for service contract bids

THE DEPARTMENT of Energy (DoE) has extended the deadline for interested entities to submit their bids to secure service contracts for the 14 areas in the Philippines offered by the government for oil and gas exploration.