First Gen Corporation on Sunday said that a press release dated March 31, 2026, mentioned the company in relation to a case currently pending before the Mandaluyong City Regional Trial Court.
The company emphasizes that it enters into contracts and agreements only after conducting transparent and thorough evaluations. All such transactions undergo careful review and require approval from its Board of Directors.
As a publicly listed company, First Gen strictly complies with laws that ensure all shareholders have equal access to material information. The company avoids any premature or selective disclosure. This standard applies to its transactions with the Prime Infra Group, which were unanimously approved by the board of directors, including chairman and CEO Federico R. Lopez and director Manuel L. Lopez.
Under the leadership of chairman and CEO Federico R. Lopez, First Gen continues to deliver strong operational performance and consistent profitability. Over the past five years, the company has generated approximately US$2 billion in earnings, providing significant value to its investors.
Looking ahead, First Gen expects its partnership with the Prime Infra Group to support continued growth. This aligns with the Lopez Group’s long-standing commitment, declared 10 years ago, to avoid coal investments and to transition First Gen toward becoming a 100 percent renewable energy company.
