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ACEN closes sale of power barge to MORE

ACEN closes sale of power barge to MORE
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AC Energy to sell Iloilo power barge

AC ENERGY Corp. (ACEN) is selling a power barge to MORE Power Barge Inc. In a disclosure to the stock exchange, ACEN said it signed on Wednesday the Asset Purchase Agreement for the sale of Power Barge (PB) 101. The purchase amount was not disclosed. PB 101 in Barangay Obrero,…

ERC penalizes more firms over unscheduled outages

Two more power generation firms were penalized by the Energy Regulatory Commission (ERC) for breaching the maximum allowable unplanned outage days for the year. Team Sual Corp. (TSC) was found administratively liable for having incurred a total excess of 10.68 unplanned outage days for its TSC Unit 1 and 96.2…

ERC: 3 gencos exceeded limit for unplanned outages

State firm Power Sector Assets and Liabilities Management Corp. (PSALM), Lopez-led Energy Development Corp. (EDC) and SPC Island Power Corp. (SIPC) exceeded the limit for the allowed number of days that power plants should undergo shutdown, the Energy Regulatory Commission (ERC) said in separate decisions released Thursday. The three firms…

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