Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Meralco prepares for dry season

POWER DISTRIBUTOR Manila Electric Co. (Meralco) said on Monday that it has ramped up maintenance activities and laid down contingency measures for the dry season and the upcoming midterm elections.

“We are actively coordinating with the Department of Energy (DoE) and other industry stakeholders to ensure readiness to meet the higher demand we anticipate in the coming months, which coincides with the country’s midterm elections,” Joe R. Zaldarriaga, vice-president and head of corporate communications of Meralco, said in a statement.

The company said it has been working on its maintenance and upgrading activities to ensure that its distribution network and facilities are in good condition.

Meralco encouraged more businesses and industrial establishments to participate in the government’s Interruptible Load Program — an energy demand-side program wherein large-load customers are asked to use their generator sets or shift their operations to spare households from power interruptions whenever supply is insufficient.

Meanwhile, the distribution utility said it has also laid down contingency measures for this year’s elections by participating in the mock elections organized by the Commission on Elections to test its readiness to respond to troubles that could happen during the voting and canvassing process. 

“Historically, Meralco’s franchise area has had no problems during election period, but we have prepared contingency plans in case of isolated power outages to ensure that our facilities are ready to respond to any emergency,” said Mr. Zaldarriaga.

“Our generator sets are ready, and our crews will be deployed in strategic locations so that in case of isolated interruptions, we are ready to respond accordingly,” he added.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

    You May Also Like

    Stock Markets

    REUTERS By Ashley Erika O. Jose, Reporter THE PHILIPPINES is unlikely to meet its target of six initial public offerings (IPOs) this year as...

    Stock Markets

    REUTERS THE NATIONAL Government’s (NG) outstanding debt hit a fresh high of P16.31 trillion at the end of January as it ramped up borrowings,...

    Stock Markets

    The Philippine Academy of Rehabilitation Medicine (PARM) commemorated its 50th anniversary during its 35th Annual PARM Convention, held alongside the 9th ASEAN Rehabilitation Medicine...

    Stock Markets

    Cinnamon and Pili-based incense shows mosquito-repelling properties – BusinessWorld Online                                    ...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.