Lopez Holdings

 

2014

First Gen unit holds groundbreaking ceremony for 414-MW San Gabriel power plant project

First Gen Corporation (“First Gen”), through wholly-owned subsidiary First NatGas Power Corp. (“FNPC”), held on January 14, 2013 a groundbreaking ceremony for the 414-megawatt San Gabriel Combined Cycle Natural Gas-Fired Power Plant (the “San Gabriel Project”) in Santa Rita, Batangas City. The plant, which is expected to go on commercial operation in 2016, will sell electricity to the Luzon grid.

Energy Development Corporation Legal Proceedings
“In connection with the cases entitled Bayan Muna Representatives, et al. vs. Energy Regulatory Commission, et al. (G.R. No. 210245) and National Association of Electricity Consumers for Reforms, et al. vs. Manila Electric Company, et al. (G.R. No. 210255), please be advised that we received today an Order from the Supreme Court dated January 10, 2014 which: (i) treated the Counter-Petition filed by respondent Meralco as in the nature of a third party complaint; and (ii) granted the prayer of Meralco to implead as additional respondents, among others, BacMan Energy Development Corp., BacMan Geothermal, Inc. and First Gen Hydro Power Corp. BacMan Energy Development Corp. and BacMan Geothermal Inc. are wholly owned subsidiaries of Energy Development Corporation whereas First Gen Hydro Power Corp. is 60% owned by Energy Development Corporation.”

First Gen Corporation Material Information/Transactions
“In connection with the cases entitled Bayan Muna Representatives, et al. vs. Energy Regulatory Commission, et al. (G.R. No. 210245) and National Association of Electricity Consumers for Reforms, et al. vs. Manila Electric Company, et al. (G.R. No. 210255), please be advised that we received today an Order from the Supreme Court dated January 10, 2014 which: (i) treated the Counter-Petition filed by respondent Meralco as in the nature of a third party complaint; and (ii) granted the prayer of Meralco to implead as additional respondents, among others, First Gas Power Corporation and FGP Corp. First Gas Power Corporation and FGP Corp. are wholly owned subsidiaries of First Gen Corporation.”

ABS-CBN Corporation Clarification of News Report, “ABS-CBN spending P10b for ‘14 capex” by Eulogio Martin Masilungan (CIO)

“We write with respect to the news article entitled "ABS-CBN spending P10b for ‘14 capex” posted in ManilaStandardToday.com on January 13, 2014. The article reported in part that:

ABS-CBN Corporation material information/transactions by Eulogio Martin Masilungan, CIO

ABS-CBN Corporation’s (ABS) proposed issuance of Php10 billion fixed-rate bonds with maturity dates of seven and ten years received a “PRS Aaa” rating from the Philippine Rating Services Corporation (PhilRatings), the highest possible assigned by PhilRatings.

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Lopez Holdings Corporation 
16/F North Tower, Rockwell Business Center Sheridan, Sheridan St. corner United St., 1550 Bgy. Highway Hills, Mandaluyong City, Philippines

  • Trunkline: (632) 8878 0000
  • Fax: (632) 8878 0000 ext 2009
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