Tag: Meralco

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President Marcos extends Meralco franchise through 2050

President Ferdinand Marcos Jr. has signed into law a measure extending the franchise of Manila Electric Co. (Meralco), the country’s largest power distributor by sales and footprint, for another 25 years through 2050, Malacañan announced Tuesday.

MVP, Salceda say new Meralco franchise to power growth, spur investments

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.

DOE presses Meralco on full compliance with power supply deal

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 appoints seasoned audit chief

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.

Meralco sales slowing in 2025 amid changing weather patterns

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.

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SEC centralizes SBL admin functions with PSE to speed up processing, cut costs

The Securities and Exchange Commission (SEC) has streamlined the country’s securities borrowing and lending framework by assigning all administrative functions to the Philippine Stock Exchange (PSE), aiming to create a more efficient and integrated short selling market.

PAL expands North American network with second A350-1000 for Manila-Toronto route

The Philippine Airlines (PAL) has strengthened its North American operations by putting its second Airbus A350-1000 into service on the Manila-Toronto route, a key step in the airline’s ongoing fleet modernization plan. This new aircraft joins the carrier’s first A350-1000, which currently flies the Manila-New York route, giving PAL two premium long-haul gateways in North America served by its newest and largest aircraft type.

First Gen, HMR Envirocycle launch e-waste drive for Lopez Group

First Gen Group, the Philippines’ leading renewable energy firm, has partnered with e-waste recycler HMR Envirocycle to roll out Drop IT for Good, a company-wide campaign for collecting and properly disposing of IT equipment and other electronic waste across the Lopez Group.

Australia return boosts Philippine mango export drive

Just days after the Philippines celebrated its first fresh...

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