State-managed Government Service Insurance System (GSIS) has injected P2.2 billion investment for the early retirement of the 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal plant via energy transition mechanism (ETM), an innovative market-based approach employed by Ayala-led ACEN C
Following a "brownout weekend" that affected millions of consumers, Luzon grid tumbled into new round of "red alert" on Monday, Sept. 12, due to confluence of factors ignited by transmission line tripping, forced outages of power plants and de-rating of electricity generation of some facilities.