Tag: Meralco

The Manila Electric Co., the country’s largest power distributor that serves Metro Manila and parts of neighboring provinces, said Wednesday that power rate in September will be lower by P0.1852 per kiloWatt-hour due largely to lower generation costs.

PLDT Inc., the country’s largest integrated telecommunications firm, has subscribed to 594 million additional shares in Kayana Solutions Inc. to maintain its 45 percent equity interest in the digital experience company formerly known as DigiCo.

San Miguel Corp., one of the country’s largest conglomerates, has completed a long-delayed transaction to acquire 1.03 million shares of Manila Electric Co. from the Land Bank of the Philippines.

San Miguel Corp. (SMC), one of the Philippines’ largest conglomerates, announced that its power unit, San Miguel Global Power Holdings Corp., has finally acquired a long-contested 3.9 percent stake in Manila Electric Co. (Meralco), nearly two decades after first attempting the deal.

MGen Renewable Energy Inc. (MGreen),  the green energy arm of Meralco PowerGen Corp. (MGen), is exploring the possibility of a public listing, with key advisors recently retained to guide the process, its listed affiliate, SP New Energy Corp. (SPNEC) told the Philippine Stock Exchange.