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Anti-consumer ruling

The power sector is abuzz with speculations as to what would be San Miguel Corp.โ€™s next move in so far as the Energy Regulatory Commissionโ€™s denial of its petition to be allowed to temporarily raise its rates on its fixed-rate power supply agreements with Meralco covering two power plants by 30 centavos per kilowatt-hour over six months.
Batangas City Ramon Ang Global Power Holdings Corp Energy Regulatory Commission San Miguel Corp San Miguel

SMC affirms solid financial stature of energy businesses

As it shifts to low-grade coal for its electricity generation to offset foregone revenues from a denied rate hike, conglomerate San Miguel Corporation is now looking forward to "financial rebound" across the chain of its energy businesses. Its subsidiary SMC Global Power Holdings Corporation (
Batangas City Ramons Ang Energy Regulatory Commission Global Power Holdings Corporation Meralco Manila Electric Company San Miguel Corporation
Source: mb.com.ph

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