Energy & Mining
Senate approves Bohol Light franchise on third reading; advances MORE Power measure
The Senate on Wednesday approved on third and final reading a measure granting Bohol Light Company Inc. a fresh 25-year franchise to operate an electricity distribution system in Tagbilaran City.
Finance chief backs LPG, kerosene tax cuts, rejects gasoline tariff suspension
Finance Secretary Frederick Go has backed removing excise taxes on liquefied petroleum gas (LPG) and kerosene but rejected suspending taxes on gasoline and other fuels, citing an estimated P12 billion monthly revenue loss.
SOCOTECO II–Ignite JVA faces pushback anew as court issues TRO
The proposed Conditional Joint Venture Agreement (CJVA) between South Cotabato II Electric Cooperative (SOCOTECO II) and Ignite Power has encountered a new setback after the Office of the Executive Judge of the 11th Judicial Region issued another Temporary Restraining Order (TRO) halting the remaining scheduled dates of the cooperative’s membership plebiscite.
DOE commits to resolve Visayas power crisis, revises coal resource bidding rules
The Department of Energy is moving to stabilize the Visayas power supply after the grid returned to yellow and red alerts this week, just days after without any warnings.
Saudi supply push spurs fuel price rollbacks next week
The Department of Energy says the run of steep fuel price increases will likely stop next week, with falling global trading prices driving the shift.
