Meralco to renegotiate 2019 supply deal terms with SMC power unit READ MORE:
on the terms of their 2019 power supply agreement following the writ of preliminary injunction order issued by the Court of Appeals in January this year, an executive said Tuesday.
“To be clear, the grant of the WPI suspends the continued implementation of the PSA but does not terminate the same. This is to allow the parties to negotiate the terms of the PSA,” according to the CA ruling promulgated on Jan. 25. Meanwhile, Valles asked GNPower Dinginin Ltd. for an extension of their offer to supply Meralco with 300-MW capacity to partly cover the 670-MW supply from SPPC, which was subject to the injunction.Meralco’s emergency power supply agreement with GNPD ended on Feb. 25 at a rate of P8.5250 per kilowatt-hour.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Consumers petition CA for SMC-ERC case interventionA consortium of several organizations including consumers and people’s rights groups filed a motion for intervention before the Court of Appeals in the case filed by San Miguel Corporation against the Energy Regulatory Commission. | zacariansINQ
Read more »
Meralco posts 10% jump in 2022 bottom lineThe Manila Electric Company (Meralco) reported double-digit growth for the full-year 2022, driven mainly by higher energy sales volumes from its Singapore gas-fired power plant.
Read more »
Norman Black sees brewing rivalry between Meralco and MagnoliaMeralco and Magnolia have been at each other's throats every time they play, and Sunday's game between the league's top two defensive teams was no different as the Bolts barely won 86-84 on late free throws and stops.
Read more »
Meralco energy sales back to prepandemic levelManila Electric Co. (Meralco) grew its net income last year by 21 percent to P28.4 billion as energy sales exceeded prepandemic levels with the economic reopening. “The minimal restrictions in
Read more »
Meralco core net income rises 10% to P27 billion - BusinessWorld OnlineMANILA Electric Co. (Meralco) reported a 10.2% increase in consolidated core net income to P27.11 billion in 2022 from P24.61 billion a year earlier as strong energy sales exceeded pre-pandemic levels. READ:
Read more »
Meralco posts P28.4-b net profit as sales surpass pre-pandemic levelsPower retailer Manila Electric Co. said Tuesday consolidated core net income grew 10 percent in 2022 to P27.1 billion from
Read more »