Energy
New Meralco franchise to start June 2028
Manila Electric Co., the country’s largest power distributor, said its new 25-year franchise will commence upon the expiration of its current license on June 28, 2028.
Better known as Meralco, the company said Republic Act 12146 that grants it a new franchise will take effect 15 days from its publication of at least two newspapers of general circulation. President Ferdinand Marcos Jr. signed the law on April 11.
AboitizPower breaks ground on new battery storage project
Nasipit, Agusan del Norte — Aboitiz Power Corp., through its subsidiary Therma Marine Inc. (TMI), has started groundwork for a new 48-megawatt (MW) hybrid battery energy storage system (BESS), signaling a strategic expansion in the company’s energy portfolio aimed at enhancing grid reliability and supporting renewable energy integration.
PERC 2024 income surges 89% after accounting adjustment, RE sales growth
PetroEnergy Resources Corp. (PERC) reported an 89 percent increase in consolidated net income to ₱882 million for 2024, mainly driven by a restatement of its 2023 earnings to align with accounting standards.
Fuel prices climb over ₱1/L as global tensions mount
Motorists will feel a noticeable pinch at the pump starting Tuesday, as petroleum product prices surge by more than ₱1 per liter across the board — a sharp reversal following last week's record price drops.
Petron announces passing of director Horacio Ramos
Petron Corp., the oil subsidiary of San Miguel Corp., announced Monday that its director, Horacio Ramos—former Secretary of the Department of Environment and Natural Resources (DENR)—has passed away.
