After the unwarranted blackout incidents in some parts of Metro Manila and neighboring provinces over the weekend, the major power grid of Luzon was still wobbling into "yellow alert" or tight supply condition as of Monday, June 20, as several power plants suffered forced outages. System operato
The consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) soared by an all-time high 552 percent in the first quarter to P15 billion versus last year’s P2.3 billion. The company’s three-month income this year was already equivalent to roughly 93 percent of the aggr
At least 10 generation companies (GenCos) that were tagged as culprits in last year’s summer brownouts had been penalized by the Energy Regulatory Commission (ERC) for breaching the prescribed limits on "forced outages" of generating facilities. According to the ERC, those that have been meted w
The Energy Development Corporation (EDC) was slapped with fines by the Energy Regulatory Commission (ERC) after its Nasulo geothermal plant was found to have breached the mandated ‘forced outage limit’ prescribed for such technology in the electricity generation business. In a disclosure to the Sec