Negros Power has secured a five-year, 20-megawatt baseload supply contract with Aboitiz Power Corp.’s Therma Visayas, a deal expected to fortify energy security as Central Negros works to fully recover from Typhoon Tino’s damage.
Aboitiz Power Corp., the power generation and distribution unit of the Aboitiz Group, posted a net income of P10.6 billion in the third quarter, a 5 percent gain from the year-earlier period, driven mainly by improved margins from its generation segment.
Aboitiz Power Corp. said its wholly-owned subsidiary, Aboitiz Renewables, Inc., has received confirmation from the Power Sector Assets and Liabilities Management Corp. (PSALM) that the Thunder Consortium has been awarded the sale and privatization of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plant Complex.
The power distributor Manila Electric Co. (Meralco) is now compelled to temporarily procure supply from the Wholesale Electricity Spot Market (WESM) as the contracted emergency power supply agreement (EPSA) with Aboitiz Power Corp. worth 300 megawatts (MW) ended on Wednesday.
The Philippine Amusement and Gaming Corp. (PAGCOR) saw its net income plunge 85 percent to P2.17 billion in January to September 2026, as a steep decline in electronic gaming revenues and higher statutory remittances squeezed its earnings.
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.
The Department of Agriculture has welcomed the Ombudsman’s order putting three DPWH officials under preventive suspension amid a graft probe into farm‑to‑market road projects in Davao Occidental.
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.