Meralco income surges to P4B in Q1, up 19.3%
By Riza T. OlchondraManila Electric Co.’s consolidated net income in the first quarter grew 19.3 percent to P4.02 billion, from P3.37 billion in the same period last year, mainly on higher energy sales.
Manila Electric Co.’s consolidated net income in the first quarter grew 19.3 percent to P4.02 billion, from P3.37 billion in the same period last year, mainly on higher energy sales.
Manila Electric Co., the country’s largest power distribution utility, has gained a foothold in Africa as part of a consortium that bagged crucial deals to take over two electricity-distribution firms privatized by the Federal Republic of Nigeria.
Customers of Manila Electric Co., the country’s biggest power distributor, can soon expect refunds from the P10 billion worth of transmission line costs that were overcharged by the state-
run Power Sector Assets and Liabilities Management Corp. (PSALM) starting in 2006.
The flagship development at the Entertainment City complex of Philippine Amusement and Gaming Corp. is set to open on Saturday with all the glitz and glamor tycoon Enrique Razon Jr. is known for.
Manila Electric Co., the country’s biggest power distributor, seeks to increase the volume of electricity it sources from state-run Power Sector Assets and Liabilities Management Corp. by another 100 megawatts to secure the power supply within its franchise area.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is no longer keen on extending by another four months its supply contract with power distributor Manila Electric Co. (Meralco).
Manila Electric Co. (Meralco), the country’s biggest power distributor, has finally begun its first leg of pilot tests covering an initial 100 households in Rizal, to look into the viability of a prepaid retail electricity scheme in the residential sector.
Customers of power distributor Manila Electric Co. (Meralco) can expect an increase of 36 centavos a kilowatt-hour (kWh) in their electricity bills this month due to higher generation and system loss charges.
Customers of Manila Electric Co. (Meralco), the country’s biggest power distributor, can expect their electricity bills to go up in the first month of 2013 due to the higher cost of power from the wholesale electricity spot market (WESM).
Manila Electric Co. (Meralco), the country’s biggest electricity distributor, has signed power supply agreements with two Aboitiz-led power generation companies.
MANILA, Philippines—Electricity retailer Manila Electric Co. (Meralco) is seeking tax perks from the Board of Investments (BOI) for its P55-billion coal-fired power plant project in Subic. Applying for similar incentives for its Atimonan liquefied natural gas project in Quezon will be considered depending on the outcome of ongoing studies, officials said. Meralco, which [...]
Manila Electric Co. (Meralco), the country’s biggest power distributor, expects its electricity sales to grow by 7 percent this year, faster than the 1 percent posted a year ago.
