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Meralco set to award deal to two SMC power firms

Manila Electric Co. is set to award a 1,800-megawatt supply contract to two companies controlled by San Miguel Corp. this week following the successful competitive selection process, a top executive said Monday......»»

Category: financeSource: thestandard thestandardFeb 23rd, 2021

2 SMC firms submit best bids for 20-year supply to Meralco

Excellent Energy Resources Inc. and Masinloc Power Partners Co. Ltd., both controlled by San Miguel Corp., submitted the “two best bids” for Manila Electric Co.’s 20-year, 1,800-megawatt supply contract......»»

Category: financeSource:  thestandardRelated NewsFeb 19th, 2021

9 firms bid for Meralco CSP

Only nine generating companies submitted their bids to supply Manila Electric Co. with 1,800 megawatts of power through a competitive selection process......»»

Category: financeSource:  philstarRelated NewsJan 28th, 2021

Bidders raise offers for Meralco supply deal

Three groups which have expressed interest in participating in Manila Electric Co.’s competitive selection process for 1,800 megawatts of power supply have raised their bids......»»

Category: newsSource:  philstarRelated NewsJan 21st, 2021

BIPCOR slams Banelco for alleged hasty award of power supply deal

Bantayan Island Power Corp. slammed what it described as the hasty award by Bantayan Island Electric Cooperative of a 15-year, 15-megawatt power supply contract to a new supplier in Bantayan Island......»»

Category: lifestyleSource:  abscbnRelated NewsJul 14th, 2020

Meralco, other power firms told to refund users& rsquo; excess payments

The Energy Regulatory Commission (ERC) has ordered distribution utilities such as the Manila Electric Co. (Meralco) to refund electricity charges to consumers including overpayments during the enhanced community quarantine period......»»

Category: newsSource:  thestandardRelated NewsJul 10th, 2020

P2.8-B sobrang singil, pinababalik ng ERC sa 63 power firms sa costumers

Manila, Philippines – Pinababalik ng Energy Regulatory Commission (ERC) sa 63 distribution utilities, kabilang ang Meralco, sa kanilang mga kliyente ang P2.8 bilyong halaga ng sobrang singil.   Ang sobrang singil na ito ay kinabibilangan ng “over-recovery” mula sa Generation Rate (GR), Transmission Rate (TR), System Loss Rate (SLR), Lifeline Subsidy Rate (LSR), at Senior […] The post P2.8-B sobrang singil, pinababalik ng ERC sa 63 power firms sa costumers appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsMar 6th, 2020

ERC clears power supply deal between Meralco, Solar Philippines

The Energy Regulatory Commission has cleared the long-term power supply agreement between Manila Electric Co. and Solar Philippines Tanauan Corp., three years after the deal was executed......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2020

Encarnacion, White Sox complete $12 million, 1-year contract

By Andrew Seligman, Associated Press CHICAGO (AP) — Edwin Encarnación saw the young players the Chicago White Sox have and a bright future for a team eyeing a run at the AL Central championship after seven straight losing seasons. That's why he chose to be a part of it. Encarnación and the White Sox finalized a $12 million, one-year contract on Thursday, putting him in position to become Chicago's designated hitter and a part-time first baseman along with José Abreu. Encarnación is due $12 million this season, and the White Sox hold a $12 million option for 2021 under the deal, which was agreed to Dec. 25 subject to a successful physical. “I'm very excited to be part of this team, I think this team has a great future," he said. "To be here and try to help this team to go where we want to go and make the playoffs.” Encarnación hit 34 home runs in 109 games for Seattle and the Yankees last year. The three-time All-Star led the American League with 21 homers when the Mariners dealt him to New York in June. The Yankees declined a $25 million option for next season, opting to pay a $5 million buyout. He hit .249 with 13 homers and 37 RBIs in 44 regular-season games with the Yankees, limited by oblique problems. He batted .308 while New York beat Minnesota in the AL Division Series, but was 1 for 18 with 11 strikeouts in the AL Championship Series against Houston. Encarnación, who turned 37 on Tuesday, has eight straight seasons with more than 30 homers. He has 414 homers in 15 years with Cincinnati, Toronto, Cleveland, Seattle and New York. Last year he became the first major leaguer to play on three continents in one season, opening the season in Tokyo with the Mariners and going to London in June with the Yankees. “Edwin is a professional hitter, someone who makes each and every at-bat count,” general Rick Hahn said in a statement. “His long track record of power is impressive and as a veteran run producer, Edwin adds another threatening bat to our lineup, lengthening our batting order and increasing (manager) Rick Renteria’s offensive options on any given night.” The White Sox have been one of baseball's busiest teams, adding to a promising young core. Chicago also added catcher Yasmani Grandal and pitchers Dallas Keuchel, Gio González and Steve Cishek in free-agent deals. Outfielder Nomar Mazara was acquired in a trade with the Texas Rangers. Abreu, who led the AL with 123 RBIs last season, was re-signed to a $50 million, three-year deal, and top prospect Luis Robert agreed to a $50 million, six-year contract last week, clearing the way for the outfielder to begin the season in the majors. The White Sox were 72-89 last season, well behind the 101-win Minnesota Twins and 93-win Cleveland Indians. But with experienced veterans added to a promising young core, they believe they are in position to make a big jump after missing the playoffs for the 13th time in 14 years since their 2005 World Series championship. Encarnación and Grandal have five straight trips to the postseason. Keuchel, the 2015 AL Cy Young Award winner with Houston, made the playoffs four times in the past five years and won a World Series championship with the Astros in 2017. “That's obviously a tremendous track record for each of them, but also speaks in part to what we're trying to accomplish not just on the field but in terms of taking that next step in our clubhouse, and this young core not only growing together but learning how to win and learning what it takes to be successful not only over the course of the summer but well into October as well,” general manager Rick Hahn said. “Edwin's another piece in trying to accomplish that.” The veterans the White Sox added are joining a team that has reigning batting champion Tim Anderson, who led the majors with a .335 average. Yoán Moncada had a breakthrough season, hitting .315 with 25 homers and 79 RBIs. Eloy Jiménez showed pop as a rookie, with a .267 average, 31 homers and 79 RBIs. Prized outfielder Luis Robert figures to debut next spring, and top prospect Nick Madrigal might also be ready to get significant time at second base. Keuchel and Gonzalez will join a rotation led by All-Star Lucas Giolito that also includes Reynaldo Lopez and Dylan Cease. Promising young right-hander Michael Kopech is also expected to return following Tommy John surgery. Encarnación said he is “very close” with Jiménez and has been following him since Jiménez was 14. He called Jiménez “a great hitter” and praised the other big, young bats in the White Sox's lineup. “They're very smart hitters,” Encarnación said. “They have a great idea (of) what they are doing at the plate.” The White Sox designated left-hander Kodi Medeiros for assignment......»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2020

NBA postpones media sessions in Shanghai amid China rift

By Tim Reynolds, Associated Press NBA Commissioner Adam Silver told the Brooklyn Nets and Los Angeles Lakers on Wednesday that the league is still expecting them to play as scheduled this week, even while the rift between the league and Chinese officials continued in ways that clearly suggested the two planned games in Shanghai and Shenzhen were anything but guaranteed. The NBA called off scheduled media sessions Wednesday for both teams. At least two other NBA events to be held Wednesday before the start of the China games were canceled as part of the fallout that started after Houston Rockets general manager Daryl Morey posted a since-deleted tweet last week that showed support for anti-government protesters in Hong Kong. "Given the fluidity of the situation, today's media availability has been postponed," the league said. They were not rescheduled Wednesday, though having them on Thursday — game day in Shanghai — remains possible. Later Wednesday in Washington, a bipartisan group of lawmakers — including the rare alignment of Republican Sen. Ted Cruz of Texas and Democratic Rep. Alexandria Ocasio-Cortez of New York — sent a letter to Silver saying the NBA should show the "courage and integrity" to stand up to the Chinese government. They asked the NBA to, among other things, suspend activities in China until what they called the selective treatment against the Rockets ends. "You have more power to take a stand than most of the Chinese government's targets and should have the courage and integrity to use it," the lawmakers told Silver. The NBA did not have any immediate comment on the letter, and it was unclear if Silver had even seen the document. In Shanghai, the mood surrounding the game that — if played — will feature LeBron James, Kyrie Irving and other big NBA names was anything but festive. An NBA Cares event that was to benefit the Special Olympics was called off, as was a "fan night" celebration that was to be highlighted by the league announcing plans to refurbish some outdoor courts in that city. And workers in multiple spots around Shanghai were tearing down large outdoor promotional advertisements for Thursday's Lakers-Nets game. The teams are also supposed to play Saturday in Shenzhen. Chinese smartphone maker Vivo has joined the list of companies that have suspended ties with the NBA for now, only adding to the uncertainty surrounding the China games. Vivo was a presenting sponsor of the Lakers-Nets games, and on Wednesday there was no reference to the game in Shanghai on the list of upcoming events scheduled at Mercedes-Benz Arena. Other firms such as apparel company Li-Ning announced similar moves earlier this week, as the rift was just beginning. Silver said Tuesday in Tokyo that he supports Morey's right to free speech. Several Chinese companies have suspended their partnership with the NBA in recent days, and Chinese state broadcaster CCTV said it will not broadcast the Lakers-Nets games. "I'm sympathetic to our interests here and to our partners who are upset," Silver said. "I don't think it's inconsistent on one hand to be sympathetic to them and at the same time stand by our principles." All around China, stores that sell NBA merchandise were removing Rockets-related apparel from shelves and many murals featuring the Rockets — even ones with Yao Ming, the Chinese great who played for Houston during his NBA career — were being painted over. Effects were even felt in at least one NBA arena Tuesday night. In Philadelphia, where the 76ers were playing a Chinese team — the Guangzhou Loong Lions — two fans were removed by arena security for holding signs and chanting in support of Hong Kong. The signs read "Free Hong Kong" and "Free HK." The sentiment was not different from Morey's since-deleted tweet last week of an image that read, "Fight For Freedom. Stand With Hong Kong." The 76ers and Wells Fargo Center, the team's home arena, released statements Wednesday confirming that the fan removal took place and explaining why. "During the second quarter of last night's 76ers game, Wells Fargo Center security responded to a situation that was disrupting the live event experience for our guests," the arena's statement said. "After three separate warnings, the two individuals were escorted out of the arena without incident. The security team employed respectful and standard operating procedures." The NBA is not the first major corporation to deal with criticism from China over political differences. Mercedes-Benz, Delta Air Lines, hotel operator Marriott, fashion brand Zara and others also have found themselves in conflicts with China in recent years. After Morey's tweet was deleted, Rockets owner Tilman Fertitta said Morey does not speak for the organization. Joe Tsai, who recently completed his purchase of the Nets and is a co-founder of Chinese e-commerce giant Alibaba, has said the damage to the NBA's relationship with China "will take a long time to repair." ___ Reynolds reported from Miami. AP Sports Writer Dan Gelston in Philadelphia and Associated Press writer Yanan Wang in Beijing contributed to this report......»»

Category: sportsSource:  abscbnRelated NewsOct 9th, 2019

AP source: Indians dealing Bauer to Reds, get Puig in deal

By Tom Withers, Associated Press CLEVELAND (AP) — Trevor Bauer’s final act for the Indians was throwing a ball over the center-field wall. Yasiel Puig ended his season with Cincinnati in another brawl. Cleveland agreed to trade Bauer, the talented but taxing right-hander, to the Reds on Tuesday night for Puig in a three-team deal that also involves the San Diego Padres, a person familiar with the negotiations told The Associated Press. The Indians, who are trying to catch the Minnesota Twins in the AL Central, also get left-hander Scott Moss from Cincinnati and slugging outfielder Franmil Reyes, lefty Logan Allen and infielder Victor Nova from the Padres, said the person who spoke on condition of anonymity because the trade had not been announced. San Diego receives minor league outfielder Taylor Trammell from the Reds, the person said. In his last start for the Indians on Sunday, Bauer, who is not eligible for free agency until after the 2020 season, threw a ball in frustration from the mound in Kansas City over the center-field wall. The moment seemed to push the Indians over the edge with the enigmatic 28-year-old, who has one of baseball’s best arms but can be difficult. Bauer was fined by Major League Baseball for his startling heave, a person familiar with the discipline told the AP. The person spoke Tuesday on condition of anonymity because the discipline was not announced. Bauer talked and exchanged hugs with several teammates in the clubhouse following Cleveland’s 2-0 loss to the Houston Astros before he departed around 10:45 p.m. He declined to speak with reporters. The Reds did not confirm the trade, but Puig said he’s bound for Cleveland, where the club’s front office was being celebrated for not only getting rid of Bauer but for adding young, quality players who can impact the playoff race. “I’m going to miss all my teammates here,” Puig said after the Reds lost 11-4 to Pittsburgh. “This part of the year is amazing for me, being on this team and the city. Now it’s time to move forward and go to my new team and help my team go to the playoffs. ... I want to say thank you to all the city, Cincinnati. We stay next door — we’re going to Cleveland.” A former All-Star, Puig is batting .252 with 22 home runs, 61 RBIs and 14 steals in 100 games with the Reds, who acquired him in December in a seven-player swap with the Dodgers. The Cuban-born outfielder has a career .275 average with 130 homers and 391 RBIs in 812 games. He’s eligible for free agency after the 2019 season. Bauer is 9-8 with a 3.79 ERA in 24 starts this season, but he hasn’t been as consistent as the Indians have needed while waiting for two-time Cy Young Award winner Corey Kluber (broken arm) and Carlos Carrasco (leukemia) to return to their rotation. Bauer had angered the Indians during the offseason for comments he made after winning his arbitration case and pledging he would only sign one-year deals going forward. Cleveland has been looking to add power to its lineup and Puig and Reyes will help. However, Puig is facing a possible suspension after he was involved in another brawl with the Pirates just as the trade was coming together. In the ninth inning, Reds reliever Amir Garrett rushed the Pirates’ dugout and threw punches, starting a brawl prolonged by Puig. As he left the field for the final time, Puig was given a warm ovation from Reds fans. He was also at the center of a melee between the teams in April, when Puig seemed to be taking on the entire Pirates team by himself near home plate. The 24-year-old Reyes hit .255 with 27 homers and 46 RBIs in 99 games with the Padres this season. In his last 29 games, the right-handed hitter is batting .290 with eight homers and 13 RBIs. ___ AP Sports Writer Joe Kay in Cincinnati contributed to this report......»»

Category: sportsSource:  abscbnRelated NewsJul 31st, 2019

Meralco to expand renewable energy portfolio, franchise area

Manila Electric Co. (Meralco) is in talks with nearly a dozen renewable energy firms to beef up its power supply portfolio, its new president and CEO Ray Espinosa said yesterday......»»

Category: financeSource:  philstarRelated NewsMay 28th, 2019

Meralco to award deal to PowerSource

Meralco to award deal to PowerSource.....»»

Category: financeSource:  thestandardRelated NewsJan 1st, 2017

Meralco signs 100 MW solar power supply deal

MANILA, Philippines – Power distributor giant Manila Electric Co......»»

Category: financeSource:  philstarRelated NewsOct 3rd, 2016

Indian businesses urge Philippines to address concerns

Indian businesses want the Philippines to address delays in the approval of licenses for pharmaceutical products and tax refunds for manufacturing firms, as well as the high power and logistics costs, to allow the country to attract more foreign investors......»»

Category: financeSource:  philstarRelated News13 hr. 37 min. ago

Meralco refund schedule set to lower power bills of consumers next month

Electricity rates of Manila Electric Co. may go down next month following the P0.1528 per kilowatt-hour refund approved by the Energy Regulatory Commission.Electricity rates of Manila Electric Co. may go down next month following the P0.1528 per kilowatt-hour refund approved by the Energy Regulatory Commission......»»

Category: financeSource:  thestandardRelated NewsFeb 25th, 2021

Amy Poehler’s new film Moxie celebrates girl power

Award-winning US comedian, actress and producer Amy Poehler directs and stars in the upcoming girl power film Moxie......»»

Category: entertainmentSource:  philstarRelated NewsFeb 23rd, 2021

Meralco to award CSP contracts

Manila Electric Co. is set to award contracts to winning bidders this Friday once the Third-Party Bids and Awards Committee completes post-qualification of bids for its 1,800-megawatt competitive selection process......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2021

Meralco customers to get P13.9 billion in refunds

The power distributor itself petitioned for the refund, and is ready to enforce it......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2021

Castrol Phils Inc. seals 5-year distributorship deal with North Trend Marketing Corp

MANILA, Philippines — Castrol Philippines Inc. has sealed a strong five-year partnership with North Trend Marketing Corporation (NTM), appointing the country’s leading name in lubricants distributorship as its authorized provider of commercial and industrial lubes in the Philippines. NTM was named as the face of Castrol in the Philippines in a live-streamed event titled “Power […] The post Castrol Phils Inc. seals 5-year distributorship deal with North Trend Marketing Corp appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsFeb 18th, 2021

Meralco announces electricity rate reduction in February

Power rates will decrease P0.0704 per kilowatt-hour in February, translating into a P14 reduction in the monthly bill of residential customers consuming 200 kWh, Manila Electric Co. said Monday......»»

Category: newsSource:  inquirerRelated NewsFeb 8th, 2021