Energy

Fresh River Lakes Corp. (FRLC), a wholly owned subsidiary of First Gen Corp., has secured a total of P15 billion in loan facilities from three major Philippine banks—BDO Unibank Inc. (BDO), Bank of the Philippine Islands (BPI), and Rizal Commercial Banking Corp. (RCBC). 

Motorists and transport operators brace for another round of fuel price hikes on Tuesday, with diesel expected to rise by as much as P1.20 per liter and gasoline by up to P0.50 per liter, according to Jetti Petroleum Inc.

The Manila Electric Company (Meralco), led by Manuel V. Pangilinan, assured the public of its readiness to respond to electricity service issues brought about by the lingering effects of Severe Tropical Storm Crising and the enhanced southwest monsoon.

PLDT Inc. and Smart Communications Inc. have tapped MPower, the retail electricity supply arm of Manila Electric Co. (Meralco), to power 144 cell sites and nine facilities under the Department of Energy’s Retail Aggregation Program (RAP), the companies announced Thursday.

The energy sector has expressed optimism following President Ferdinand Marcos Jr.’s swift move to resolve the leadership gap at the Energy Regulatory Commission (ERC), a critical regulatory body overseeing electricity pricing and industry practices.