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                    [ArticleID] => 389118
                    [Title] => First Gen welcomes PEMC plan
                    [Summary] => 



First Gen Corp. has welcomed the Philippine Electricity Market Corp. (PEMC) plan to create a Visayas wholesale electricity spot market (WESM).


Peter Garrucho Jr., First Gen vice chairman and CEO, said that putting up WESM in that region would help spur competition.


"We are most supportive of that move. I think, the country has the capability to integrate the systems," Garrucho said.


Garrucho said the presence of WESM Visayas would encourage investors to construct more power facilities in that province.


                    [DatePublished] => 2007-03-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 375707
                    [Title] => First Gen sets $100-M expansion of hydropower complex
                    [Summary] => 



First Gen Corp., the investment arm of the Lopezes in power generation, is planning to pour in more than $100 million for the expansion and upgrade of its newly-acquired 112-megawatt (MW) Pantabangan-Masiway hydroelectric power complex.


First Gen vice chairman and CEO Peter Garrucho Jr. told reporters that the upgrade and modernization program would increase the capacity of the two power plants to 190 MW.


                    [DatePublished] => 2006-12-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 369255
                    [Title] => First Gen posts $67-M income in 3rd quarter
                    [Summary] => 
In a disclosure to the Philippine Stock Exchange, First Gen vice chairman and CEO Peter Garrucho Jr. said the improvement in earnings could be attributed to lower professional fees with the conclusion of the Santa Rita plant’s dispute with its contractor Siemens.


                    [DatePublished] => 2006-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 336151
                    [Title] => First Gen to pursue bid for Calaca plant
                    [Summary] => First Gen Corp. (FGC) will pursue its bid for the 600-megawatt (MW) Calaca coal-fired power plant, a ranking company official said.


FGC vice chairman and chief executive officer Peter Garrucho Jr. said the company is willing to bid again or negotiate the purchase with the government if necessary.


But Garrucho said the Power Sector Assets and Liabilities Management Corp. (PSALM) would have to decide first what privatization route to take. "We wrote to them that we would be interested to get into discussions with them."


                    [DatePublished] => 2006-05-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 335245
                    [Title] => First Gas awarded $11.2M in contract dispute with Siemens
                    [Summary] => First Gas Power Corp. (FGPC),  a subsidiary of the Lopez-owned First Generation Holdings Corp., announced Thursday another positive development  in its arbitration proceedings with Siemens due to contract differences.  


In a disclosure to the Philippine Stock Exchange, First Gen said the Arbitral Tribunal issued its third interim ruling and awarded FGPC $11.2 million (including the $5-million balance of liquidated damages payable pursuant to the second interim award), and Siemens $8.5 million, respectively.


                    [DatePublished] => 2006-05-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

PETER GARRUCHO JR.

Array
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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 389118
                    [Title] => First Gen welcomes PEMC plan
                    [Summary] => 



First Gen Corp. has welcomed the Philippine Electricity Market Corp. (PEMC) plan to create a Visayas wholesale electricity spot market (WESM).


Peter Garrucho Jr., First Gen vice chairman and CEO, said that putting up WESM in that region would help spur competition.


"We are most supportive of that move. I think, the country has the capability to integrate the systems," Garrucho said.


Garrucho said the presence of WESM Visayas would encourage investors to construct more power facilities in that province.


                    [DatePublished] => 2007-03-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 375707
                    [Title] => First Gen sets $100-M expansion of hydropower complex
                    [Summary] => 



First Gen Corp., the investment arm of the Lopezes in power generation, is planning to pour in more than $100 million for the expansion and upgrade of its newly-acquired 112-megawatt (MW) Pantabangan-Masiway hydroelectric power complex.


First Gen vice chairman and CEO Peter Garrucho Jr. told reporters that the upgrade and modernization program would increase the capacity of the two power plants to 190 MW.


                    [DatePublished] => 2006-12-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 369255
                    [Title] => First Gen posts $67-M income in 3rd quarter
                    [Summary] => 
In a disclosure to the Philippine Stock Exchange, First Gen vice chairman and CEO Peter Garrucho Jr. said the improvement in earnings could be attributed to lower professional fees with the conclusion of the Santa Rita plant’s dispute with its contractor Siemens.


                    [DatePublished] => 2006-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 336151
                    [Title] => First Gen to pursue bid for Calaca plant
                    [Summary] => First Gen Corp. (FGC) will pursue its bid for the 600-megawatt (MW) Calaca coal-fired power plant, a ranking company official said.


FGC vice chairman and chief executive officer Peter Garrucho Jr. said the company is willing to bid again or negotiate the purchase with the government if necessary.


But Garrucho said the Power Sector Assets and Liabilities Management Corp. (PSALM) would have to decide first what privatization route to take. "We wrote to them that we would be interested to get into discussions with them."


                    [DatePublished] => 2006-05-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 335245
                    [Title] => First Gas awarded $11.2M in contract dispute with Siemens
                    [Summary] => First Gas Power Corp. (FGPC),  a subsidiary of the Lopez-owned First Generation Holdings Corp., announced Thursday another positive development  in its arbitration proceedings with Siemens due to contract differences.  


In a disclosure to the Philippine Stock Exchange, First Gen said the Arbitral Tribunal issued its third interim ruling and awarded FGPC $11.2 million (including the $5-million balance of liquidated damages payable pursuant to the second interim award), and Siemens $8.5 million, respectively.


                    [DatePublished] => 2006-05-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

First Gen welcomes PEMC plan

By Donnabelle L. Gatdula | March 12, 2007 - 12:00am

First Gen Corp. has welcomed the Philippine Electricity Market Corp. (PEMC) plan to create a Visayas wholesale electricity spot market (WESM). Peter Garrucho Jr., First Gen vice chairman and CEO, said that...

Business

First Gen sets $100-M expansion of hydropower complex

By Donnabelle L. Gatdula | December 19, 2006 - 12:00am

First Gen Corp., the investment arm of the Lopezes in power generation, is planning to pour in more than $100 million for the expansion and upgrade of its newly-acquired 112-megawatt (MW) Pantabangan-Masiway...

Business

First Gen posts $67-M income in 3rd quarter

By Donnabelle L. Gatdula | November 17, 2006 - 12:00am

In a disclosure to the Philippine Stock Exchange, First Gen vice chairman and CEO Peter Garrucho Jr. said the improvement in earnings could be attributed to lower professional fees with the conclusion of the Santa...

Business

First Gen to pursue bid for Calaca plant

By Donnabelle L. Gatdula | May 12, 2006 - 12:00am

First Gen Corp. (FGC) will pursue its bid for the 600-megawatt (MW) Calaca coal-fired power plant, a ranking company official said. FGC vice chairman and chief executive officer Peter Garrucho Jr. said the company...

Business

First Gas awarded $11.2M in contract dispute with Siemens

By Donnabelle L. Gatdula | May 6, 2006 - 12:00am

First Gas Power Corp. (FGPC), a subsidiary of the Lopez-owned First Generation Holdings Corp., announced Thursday another positive development in its arbitration proceedings with Siemens due to contract differences....

Business