Energy & Mining

The Philippine Competition Commission (PCC) fined Pilipinas Enterprise Management Holdings Inc. (PEMHI) and Meralco PowerGen Corp. (MGen) P5.8 million for repeatedly missing reporting deadlines tied to their merger clearance, underscoring the regulator’s tougher stance on compliance with post-merger commitments.

Aboitiz Equity Ventures Inc. (AEV) reported a 54 percent drop in third-quarter net income to P4.1 billion from P8.9 billion a year earlier, limiting nine-month earnings growth despite stronger contributions from power and banking.

Aboitiz Power Corp. reported a 13‑percent increase in net income for the first nine months of 2026, reaching P26.2 billion from P23.3 billion in the same period of 2025, the company said in a disclosure filed Thursday at the Philippine Stock Exchange.

Renewable energy groups are pushing for an urgent energy summit for the Visayas region before the Christmas holiday, warning that narrow power reserves are putting households and businesses at risk of outages and higher electricity bills.

Canadian investment firm Brookfield Corp. is exploring additional renewable energy investments in the Philippines, building on its entry into the market through the acquisition of a developer with a 1.8-gigawatt pipeline of wind, solar, and battery storage projects.