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Fund loss threatens PSALM

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With a P60.24-billion settlement hanging over it, the Power Sector Assets and Liabilities Management (PSALM) Corp. may lose its capability to operate and prevent it from contracting backup power in 2015, when the energy crisis is expected to take a turn for the worse. Recently, the sheriff of the Regional Trial Court (RTC) of Quezon [...]

Posted: August 25th, 2014 in Headlines | Read More »

P0.31/kWh power rate hike August–Meralco

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INQUIRER.net FILE PHOTO

The cost of electricity will go up by P0.31 per kilowatt hour (kWh) this August, the Manila Electric Company (Meralco) said on Friday.

Posted: August 8th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Mindanao power supply to stabilize in 2019

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Mindanao power consumers will be assured of adequate power supply by 2019, when the grid’s system capacity is expected to hit more than 3,000 megawatts, the Philippine Chamber of Commerce and Industry (PCCI) said Tuesday.

Posted: August 6th, 2014 in Headlines | Read More »

Groups divided on how to deal with power crisis

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Various groups are at loggerheads on whether the government should declare a power crisis.

Posted: July 21st, 2014 in Headlines | Read More »

Yellow, red alerts raised over tight power supply

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An electric post is toppled at the height of Typhoon “Glenda” (international name: Rammasun) in Noveleta, Cavite province. The typhoon led to power outages affecting a total of 13.5 million people in Luzon, including Metro Manila, and the Visayas. EDWIN BACASMAS/INQUIRER FILE PHOTO

While electricity has been restored at the distribution level for most of Metro Manila and nearby provinces affected by Typhoon “Glenda,” the power supply situation remains tight for the Luzon grid, prompting experts to hoist a “yellow alert” over the island.

Posted: July 20th, 2014 in Latest Business Stories | Read More »

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