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First Philippine Holdings (FPH) may increase cash dividend to spruce up value to fend off a potentially hostile SSS holding a 5.48% stake

First Philippine Holdings Corporation (FPH) is the holding company controlling First Gen Corporation  (FGEN).  FPH controls 67.74% of FGEN.  FGEN is one of the Philippines’ largest power generation companies.  It owns a portfolio of solar, wind, hydro, geothermal and natural gas power generation assets. Aside from its controlling stake in FGEN, FPH also controls RockwellContinue reading “First Philippine Holdings (FPH) may increase cash dividend to spruce up value to fend off a potentially hostile SSS holding a 5.48% stake”

Federico “Piki” Lopez takes control of the diminished Lopez Group, what now?

The resignation of Eugenio Lopez III (EL3) from the Lopez Holdings Corporation (LPZ), the Lopezes flagship company,  allowed the younger Lopezes to take the helm of the much diminished Lopez Group. The Lopezes were once a force to reckon with in Philippine business but a series of missteps have slowly shrank the group to irrelevance. Continue reading “Federico “Piki” Lopez takes control of the diminished Lopez Group, what now?”

FGEN’s San Gabriel 414MW Combined Cycle Power Plant unavailable for dispatch

First Gen Corporation (FGEN) is currently investigating the condition of the generator of its 414MW San Gabriel Combined Cycle Power Plant following a trip. The initial investigation, which is being carried out by specialists from Siemens Power Operations Inc., indicates that there is an electrical fault in the generator, and pending completion of the inspection,Continue reading “FGEN’s San Gabriel 414MW Combined Cycle Power Plant unavailable for dispatch”