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Manila Electric Company
#21
Posted on November 02, 2011 10:25:42 PM

Meralco hikes profit outlook after strong Q3 performance

DISTRIBUTION UTILITY Manila Electric Co. (Meralco) expects to post an 18.9% profit growth by yearend, slightly higher than earlier forecasts, after record power sales caused a double-digit income surge so far as of end-September.

http://www.bworldonline.com/content.php?...e&id=40982
the key to trading success is to focus on how much money is at risk, not how much money you can make.

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#22
Posted on November 06, 2011 10:09:48 PM

Meralco completes upgrade of Makati substation

DISTRIBUTION UTILITY Manila Electric Co. (Meralco) has expanded a substation in Makati City to meet growing power requirements of consumers in the area, the company said in a statement

http://www.bworldonline.com/content.php?...n&id=41171
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#23
Meralco eyes new power plants in Subic

MANILA, Philippines - Meralco PowerGen Corp., the newly-formed power generation arm of Manila Electric Co. (Meralco), is looking at the possibility of putting up new power plants at the Subic Freeport to complement its existing coal-fired facility in the area.

Meralco vice president Angelito Lantin told reporters that they are now studying opportunities to develop a small gas facility as well as renewable energy sources.

“We’re looking at an additional coal plant, a small gas facility and some renewables. There is nothing yet concrete in the pipeline, we are just exploring,” he said.

According to Lantin, they are also planning to put up more power plants in different parts of the country to boost its venture into the power generation business.

“Our mandate is 2,000 megawatts. If it is a small enough plant maybe we can do it by ourselves but if it is big, it is better to have a partner,” he said.

Lantin said Meralco PowerGen is looking at all potential sites in Luzon for its generating plants, which would help improve the region’s power supply amid a projected shortfall within the next five years.

“The site has to be somewhere that is not densely populated, close to a transmission facility to avoid long transmission lines and, depending on the fuel, has to be close to the sea. It depends on a lot of factors,” he said.

Meralco currently, serves over four million customers in a franchise area covering Metro Manila and nearby provinces.

Meralco is planning to acquire a majority stake in Aboitiz Power Corp. 600-megawatt coal-fired power facility project in Subic Bay Freeport Zone.

The power distribution company earlier said it expects a major push in its power generation business within this year.

Meralco chief operating officer Oscar Reyes said they hope to start the construction of a 300-megawatt baseload coal-fired power plant within the year and expects to start operations by 2014 or 2015 at the latest.

He said this would be in time for the additional capacity that would be needed by the Luzon grid by 2015.


Source: philstar.com

http://www.philstar.com/Article.aspx?pub...eId=745650
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#24
hi... what is trigerring the sell-off?
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#25
MERALCO sees modest sales growth

MANILA, Philippines - Manila Electric Co. (Meralco) said it expects to post a modest 11 percent growth in sales volume this year over last year’s 10 percent, a ranking official said.

“I think this year would be about a percent more over 2010,” said Oscar Reyes, Meralco senior executive vice president and chief operating officer.

He noted that the sales growth in 2010 was a record high and may not be able to be replicated this year.

“I think this year is tracking the record year of 2010, when we increased by 10 percent over 2009 and that’s way above the normal annual increase over the last 10 years, which is in the order of about 2.2 to 2.5 percent. So we were concerned as to whether sales this year will be below last year I think it will be flat to marginally positive over the volume of last year, way above 2009,” he said.

He said there were factors in 2010 that were not present this year.

“Last year was a record. It’s very hard to replicate it, and this is not withstanding a number of factors. This year is not an election year so there is no election spending and related activity. Secondly, this year has been a relatively much cooler year than last year that is why last year was a record year. And third, we’ve had the impact of typhoons like Pedring, which inundated certain areas, especially in the Bulacan area, for an extended period of time,” he said.

He said they believe that the expected 2011 sales volume is a respectable one.

“It’s still positive, probably around one percent over last year, which is very good, in kilowatt-hour sales,” he said.

Meralco’s consolidated revenues, which consist of 97 percent electricity sales, increased two percent to P194.9 billion in the first nine months of 2011. The slight increase in consolidated electricity revenue was the result of lower generation, system loss and universal charges for most of the nine months period.

The company reported consolidated core net income, which excludes one-time exceptional charges, for the nine-month period amounted to P11.66 billion.

The volume of energy sold in 2011 was just slightly higher compared with 2010 despite cooler temperature throughout nine months and the absence of a positive one-off national elections event in 2010, partially offset by better industrial volume vis-a-vis the significantly higher base last year.

During the nine-month period, the company’s consolidated capital expenditures reached P4.72 billion.

Meralco president Manuel V. Pangilinan said “as the year comes to a close, we are prepared to announce a higher core net income guidance for the full year of 2011 of P14.5 billion.”

“While there remain major uncertainties on the global economic environment, which may detract from the prospect of a more robust economic and energy performance locally, we are determined to build further on the gains Meralco has been achieving over the past couple of years,” he said.

“Our task is to deliver on our goal of optimizing organic growth of the distribution utility and vertical diversification across the businesses of Meralco and its subsidiaries. We will continue to enhance significant value to our customers to our shareholders and to the economy as the country’s major player and partner in electricity.”

Source: philstar.com

http://www.philstar.com/Article.aspx?pub...eId=755082
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#26
Posted on December 09, 2011 07:05:44 PM

Meralco still owes P6.3 billion in refund


DISTRIBUTION UTILITY Manila Electric Co. (Meralco) still needs to pay out P6.3 billion in refunds to customers in line with a Supreme Court, the Energy Regulatory Commission (ERC) said on Friday.

http://www.bworldonline.com/content.php?...d&id=43056
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#27
Meralco to enter into power supply deals with 3 firms
By: Amy R. Remo
Philippine Daily Inquirer
6:31 pm | Monday, December 12th, 2011

MANILA, Philippines — The Manila Electric Co. (Meralco), the country’s biggest power distributor, has been given the green light by its board of directors to enter into power supply agreements with three power generation firms.

http://business.inquirer.net/34747/meral...th-3-firms
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#28
Meralco mulls another fund raising scheme
By Donnabelle L. Gatdula (The Philippine Star) Updated December 13, 2011 12:00 AM

MANILA, Philippines - Power distributor Manila Electric Co. (Meralco) is contemplating on another fund-raising activity soon to fund its capital expenditures next year.

http://www.philstar.com/Article.aspx?pub...eId=757787
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#29
Posted on December 12, 2011 10:31:55 PM

Meralco to divest its stake in Rockwell Land ahead of listing


DISTRIBUTION UTILITY Manila Electric Co. (Meralco) is divesting its stake in Rockwell Land Corp. in line with plans for the property firm to debut onto the local bourse, a disclosure yesterday showed.

http://www.bworldonline.com/content.php?...g&id=43167
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#30
Posted on December 21, 2011 10:50:42 PM

Meralco to raise P40 billion by first half for coal plant


DISTRIBUTION UTILITY Manila Electric Co. (Meralco) and its partners for a planned coal-fired power plant in Subic expect to raise up to P40 billion by the first half next year for the project, an official yesterday said.

http://www.bworldonline.com/content.php?...t&id=43715
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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