Meralco says uncollected revenue is about P9.5 billion. If you’re like me, that number by itself is pretty meaningless to me. So let’s do some math to wrap our heads around it.
As Ivanna says in the linked article, the rate impact will be dependent on the period of time over which the ERC allows [...]
Federico Pascual points out something I didn’t know about the Masinloc auction. The government lowered the down payment requirement from the 40% that YNN failed to make to 20% only. That’s a nice boost to the buyer’s expected return on equity and the government treasury takes a corresponding hit to it’s “return.”
Napocor President del Callar [...]
Here’s the PSALM announcement.
There were six offers. Winning bid was US$930 million. That’s $1,550/kW.
That’s 65% higher than the $937/kW bid for Masinloc of Ranhill Berhad/YNN Pacific that failed to close. And you can compare it also to the $1,472/kW SN Power/Aboitiz paid for Magat Hydro and the $1,152/kW First Gen paid for Pantabangan/Masiway [...]