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