+ Follow EDISON MISSION Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 336018
[Title] => First Gen income climbs to $25.5M
[Summary] => First Gen Corp., the largest Filipino-owned independent power generation company, has declared a cash dividend of P1.75 per share after it posted a higher net income of $25.5 million in the first quarter of 2006.
During the company’s first stockholders’ meeting yesterday, First Gen vice chairman and chief executive officer Peter Garrucho Jr. said all stockholders of record as of June 2, 2006 will be entitled to the cash dividend.
Garrucho said the company posted an 18- percent increase in net income from $22 million in the first three months of 2005.
[DatePublished] => 2006-05-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 263363
[Title] => IMPSA denies selling stake in CBK Power
[Summary] => Argentina’s power giant Industrias Metallurgicas Pescarmona S.A. (IMPSA) has no plans of divesting its stake in CBK Power Co. Ltd., the operator of a $470-million hydropower plant in Laguna, a top CBK Power official said.
"We are pleased with our operations here, it is going smoothly. The project is complete and operational. We were able to renegotiate our contract with the government and got a concession agreement," CBK Power president and chief executive officer Gerald Katz said.
[DatePublished] => 2004-09-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 205920
[Title] => Napocor, CBK Power may go into arbitration to settle dispute
[Summary] => The National Power Corp. (Napocor) and the Caliraya-Botocan-Kalayaan (CBK) Power Corp. are likely to enter into an arbitration to settle the capital recovery fee (CRF) which reportedly has not been paid by the state-run power firm since the start of 2003.
"It is one of the options we are looking at. But we are still negotiating the contract with CBK. Pursuant to their contract, if both parties have some issues that can not be resolved, they can always go into arbitration," a Napocor official, who requested anonymity, said.
[DatePublished] => 2003-05-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 185337
[Title] => Government hopes to rework two more IPP contracts this year
[Summary] => At least two more contracts with independent power producers (IPPs) are expected to be negotiated by the government in the remaining months of the year.
[DatePublished] => 2002-11-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 181131
[Title] => Napocor, Transco welcome Senate probe on CBK
[Summary] => The National Power Corp. (Napocor) and the National Transmission Co. (Transco) welcomed yesterday a Senate inquiry on the Caliraya-Botocan-Kalayaan (CBK) project.
Sen. Sergio Osmena has threatened to file charges in court if he can prove that the contract is downright anomalous. On the other hand, Napocor acting president Roland S. Quilala said the company is ready to answer all questions that may be raised by the legislators.
[DatePublished] => 2002-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 174400
[Title] => Napocor to terminate contract with San Pascual power plant
[Summary] => US-based Edison Mission Energy is optimistic that the pre-termination of its power purchase agreement (PPA) with the National Power Corp. for the San Pascual co-generation plant will be finalized before the year ends.
"We are already in the final stage of our negotiation with Napocor. Hopefully, before the end of the year, we will be able to come up with an agreement," Edison Mission director for business development Asia Pacific Tony C. Hsun said in an interview.
[DatePublished] => 2002-09-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 173756
[Title] => CBK to continue power plant rehab
[Summary] => KALAYAAN, Laguna – CBK Power Co. Ltd. – a local company formed by IMPSA of Argentina and Edison Mission Energy of the US – remains committed to continue its $486-million Caliraya-Botocan-Kalayaan (CBK) build-rehabilitate-operate-transfer (BROT) project with the govenment despite the issues that have been raised against it.
[DatePublished] => 2002-08-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 171893
[Title] => Transco says IMPSA contract valid
[Summary] => The National Transmission Co. (Transco) said yesterday it would continue to pay the capital recovery fee to CBK Power Co., a joint venture between IMPSA and Edison Mission of the US, as it considered the CBK build-rehabilitate-operate-transfer (BROT) project as "valid".
"As far as we are concerned, there is nothing wrong with the (CBK) project. It has gone through years of review. From my own perspective, I think, the contract has a reasonable price," Transco president Asisclo Gonzaga said in an interview.
[DatePublished] => 2002-08-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 169270
[Title] => Napocor pays CBK Power $5-M for overdue account
[Summary] => The National Power Corp. (Napocor) paid yesterday a total of $5 million (P255 million) to the CBK Power Ltd., a joint venture between Argentinean firm IMPSA Asia Ltd. and Edison Mission of the US.
The payment came after an independent auditor, Meritec, based in New Zealand, reviewed and recommended that Napocor effect payment of the overdue invoices, which were apparently delayed for 90 days.
Based on Napocor data, it paid $4.57 million and P19 million for the months of March to May representing capital recovery fee (CRF).
[DatePublished] => 2002-07-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 98278
[Title] => CBK project financier seeks meeting with Napocor, CBK Power
[Summary] => Global financial institution Societe Generale is requesting a meeting with officials of the National Power Corp. (Napocor) and CBK Power Corp. regarding the issuance of a government acknowledgment and consent agreement by the Department of Finance (DOF).
The said DOF agreement will pave the way for the release of a $520.8-million financing for the Caliraya-Botocan-Kalayaan hydropower project, including a $70.8-million interest-free loan or "security deposit."
[DatePublished] => 2000-12-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
EDISON MISSION
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 336018
[Title] => First Gen income climbs to $25.5M
[Summary] => First Gen Corp., the largest Filipino-owned independent power generation company, has declared a cash dividend of P1.75 per share after it posted a higher net income of $25.5 million in the first quarter of 2006.
During the company’s first stockholders’ meeting yesterday, First Gen vice chairman and chief executive officer Peter Garrucho Jr. said all stockholders of record as of June 2, 2006 will be entitled to the cash dividend.
Garrucho said the company posted an 18- percent increase in net income from $22 million in the first three months of 2005.
[DatePublished] => 2006-05-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 263363
[Title] => IMPSA denies selling stake in CBK Power
[Summary] => Argentina’s power giant Industrias Metallurgicas Pescarmona S.A. (IMPSA) has no plans of divesting its stake in CBK Power Co. Ltd., the operator of a $470-million hydropower plant in Laguna, a top CBK Power official said.
"We are pleased with our operations here, it is going smoothly. The project is complete and operational. We were able to renegotiate our contract with the government and got a concession agreement," CBK Power president and chief executive officer Gerald Katz said.
[DatePublished] => 2004-09-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 205920
[Title] => Napocor, CBK Power may go into arbitration to settle dispute
[Summary] => The National Power Corp. (Napocor) and the Caliraya-Botocan-Kalayaan (CBK) Power Corp. are likely to enter into an arbitration to settle the capital recovery fee (CRF) which reportedly has not been paid by the state-run power firm since the start of 2003.
"It is one of the options we are looking at. But we are still negotiating the contract with CBK. Pursuant to their contract, if both parties have some issues that can not be resolved, they can always go into arbitration," a Napocor official, who requested anonymity, said.
[DatePublished] => 2003-05-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 185337
[Title] => Government hopes to rework two more IPP contracts this year
[Summary] => At least two more contracts with independent power producers (IPPs) are expected to be negotiated by the government in the remaining months of the year.
[DatePublished] => 2002-11-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 181131
[Title] => Napocor, Transco welcome Senate probe on CBK
[Summary] => The National Power Corp. (Napocor) and the National Transmission Co. (Transco) welcomed yesterday a Senate inquiry on the Caliraya-Botocan-Kalayaan (CBK) project.
Sen. Sergio Osmena has threatened to file charges in court if he can prove that the contract is downright anomalous. On the other hand, Napocor acting president Roland S. Quilala said the company is ready to answer all questions that may be raised by the legislators.
[DatePublished] => 2002-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 174400
[Title] => Napocor to terminate contract with San Pascual power plant
[Summary] => US-based Edison Mission Energy is optimistic that the pre-termination of its power purchase agreement (PPA) with the National Power Corp. for the San Pascual co-generation plant will be finalized before the year ends.
"We are already in the final stage of our negotiation with Napocor. Hopefully, before the end of the year, we will be able to come up with an agreement," Edison Mission director for business development Asia Pacific Tony C. Hsun said in an interview.
[DatePublished] => 2002-09-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 173756
[Title] => CBK to continue power plant rehab
[Summary] => KALAYAAN, Laguna – CBK Power Co. Ltd. – a local company formed by IMPSA of Argentina and Edison Mission Energy of the US – remains committed to continue its $486-million Caliraya-Botocan-Kalayaan (CBK) build-rehabilitate-operate-transfer (BROT) project with the govenment despite the issues that have been raised against it.
[DatePublished] => 2002-08-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 171893
[Title] => Transco says IMPSA contract valid
[Summary] => The National Transmission Co. (Transco) said yesterday it would continue to pay the capital recovery fee to CBK Power Co., a joint venture between IMPSA and Edison Mission of the US, as it considered the CBK build-rehabilitate-operate-transfer (BROT) project as "valid".
"As far as we are concerned, there is nothing wrong with the (CBK) project. It has gone through years of review. From my own perspective, I think, the contract has a reasonable price," Transco president Asisclo Gonzaga said in an interview.
[DatePublished] => 2002-08-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 169270
[Title] => Napocor pays CBK Power $5-M for overdue account
[Summary] => The National Power Corp. (Napocor) paid yesterday a total of $5 million (P255 million) to the CBK Power Ltd., a joint venture between Argentinean firm IMPSA Asia Ltd. and Edison Mission of the US.
The payment came after an independent auditor, Meritec, based in New Zealand, reviewed and recommended that Napocor effect payment of the overdue invoices, which were apparently delayed for 90 days.
Based on Napocor data, it paid $4.57 million and P19 million for the months of March to May representing capital recovery fee (CRF).
[DatePublished] => 2002-07-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 98278
[Title] => CBK project financier seeks meeting with Napocor, CBK Power
[Summary] => Global financial institution Societe Generale is requesting a meeting with officials of the National Power Corp. (Napocor) and CBK Power Corp. regarding the issuance of a government acknowledgment and consent agreement by the Department of Finance (DOF).
The said DOF agreement will pave the way for the release of a $520.8-million financing for the Caliraya-Botocan-Kalayaan hydropower project, including a $70.8-million interest-free loan or "security deposit."
[DatePublished] => 2000-12-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
