Business tycoon Manuel V. Pangilinan and Bicol Rep. Joey Salceda on Monday said President Ferdinand Marcos Jr. decision to renew the franchise of Manila Electric Co. (Meralco) will drive the country’s future growth, spur investments and create more jobs.
The Department of Energy (DOE) is urging Manila Electric Co. (Meralco) to strictly comply with all provisions of its power supply agreements (PSAs), particularly the 1,200-megawatt deal with Excellent Energy Resources Inc. (EERI), amid delays in the latter’s plant commissioning and fuel supply readiness.
SP New Energy Corp., the renewable energy subsidiary of MGen Renewable Energy Inc., has named Anthony Vergel Velasco as its new chief audit executive, strengthening its governance framework as it scales up its clean energy portfolio.
The Manila Electric Co. (Meralco) has revised its power sales forecast this year to only 4.6 percent, signaling a weaker performance versus the previous year. The revised projection comes following an exceptional spike in demand due to the effects of El Niño in 2024, which is unlikely to repeat this year.
The Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) provisional authority to implement a refund scheme amounting to P19.95 billion, covering an over-recovery of rates from 1 July 2022, to 31 December 2024. The scheme will be executed over 36 months, with refunds starting in the next billing cycle.
The Supreme Court on Friday issued its full court decision declaring the Articles of Impeachment against Vice President Sara Duterte as unconstitutional for violating the one-year bar under Article XI of the 1987 Charter.
Severe weather conditions—driven by tropical storms Crising, Dante, and Emong, along with intensified southwest monsoon rains—have inflicted P1.12 billion in agricultural damage across the Philippines, with rice farming the hardest hit, the Department of Agriculture (DA) reported Friday.
Radius Telecoms, Inc., a subsidiary of Meralco under the leadership of Manuel V. Pangilinan, has entered into a strategic partnership with Ignite Telecommunications, Inc. to enhance high-speed, reliable connectivity in Bonifacio Global City (BGC), Taguig.
Globe has ramped up its disaster response efforts by deploying Libreng Tawag at Libreng Charging (LTLC) stations across Metro Manila and key provinces in Luzon, providing crucial free connectivity services to communities affected by recent flooding.