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                    [Title] => Alcordo faces plunder case
                    [Summary] => Outgoing National Power Corp. (Napocor) president Jesus Alcordo faces a plunder case before the Office of the Ombudsman for the anomalous release of P470-million to "bribe" the past Congress to pass the Electric Power Industry Act, popularly known as the Power Bill.


                    [DatePublished] => 2001-12-16 00:00:00
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                    [ArticleID] => 97025
                    [Title] => Napocor faces another downgrade by S&P
                    [Summary] => International credit rating agency, Standard and Poor’s (S&P), will maintain a negative rating and may even downgrade the National Power Corp. (Napocor) as a result of its continuing failure to shore up its finances.


"They (S&P) have indicated that (possible downgrade)," Napocor sources said, adding that the credit rating of the power firm, however, still depends on the National Government. "The company’s rating is the same as that of the NG as Napocor debts are guaranteed by the government."


                    [DatePublished] => 2001-02-15 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 97021
                    [Title] => Napocor anchors bond float on power reform bill
                    [Summary] => The National Power Corp. (Napocor) will push through with its planned $300-million bond flotation in June this year only if the Power Sector Reform Bill (PSRB) is passed by Congress, a company official said.


Napocor finance chief Antonio Ingco said another bond offering is necessary by the middle of this year because the company has to pay some obligations which will fall due in June.


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                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 97012
                    [Title] => ADB, WB defer decision on Napocor’s request for waiver
                    [Summary] => The Asian Development Bank and the World Bank have deferred the granting of a waiver to the National Power Corp. (Napocor) pending the passage of the Power Sector Reform Bill (PSRB).


"They have decided to defer their decision on the waiver pending further developments in the power restructuring law," Napocor finance chief Antonio Ingco, told reporters over the weekend.


In a letter to Napocor, ADB, one of the major sources of concessional loans for the power firm, said they are willing to wait for further developments in the power bill.


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ANTONIO INGCO

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                    [ArticleID] => 143804
                    [Title] => Alcordo faces plunder case
                    [Summary] => Outgoing National Power Corp. (Napocor) president Jesus Alcordo faces a plunder case before the Office of the Ombudsman for the anomalous release of P470-million to "bribe" the past Congress to pass the Electric Power Industry Act, popularly known as the Power Bill.


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                    [Title] => Napocor faces another downgrade by S&P
                    [Summary] => International credit rating agency, Standard and Poor’s (S&P), will maintain a negative rating and may even downgrade the National Power Corp. (Napocor) as a result of its continuing failure to shore up its finances.


"They (S&P) have indicated that (possible downgrade)," Napocor sources said, adding that the credit rating of the power firm, however, still depends on the National Government. "The company’s rating is the same as that of the NG as Napocor debts are guaranteed by the government."


                    [DatePublished] => 2001-02-15 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 97021
                    [Title] => Napocor anchors bond float on power reform bill
                    [Summary] => The National Power Corp. (Napocor) will push through with its planned $300-million bond flotation in June this year only if the Power Sector Reform Bill (PSRB) is passed by Congress, a company official said.


Napocor finance chief Antonio Ingco said another bond offering is necessary by the middle of this year because the company has to pay some obligations which will fall due in June.


                    [DatePublished] => 2001-02-13 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 97012
                    [Title] => ADB, WB defer decision on Napocor’s request for waiver
                    [Summary] => The Asian Development Bank and the World Bank have deferred the granting of a waiver to the National Power Corp. (Napocor) pending the passage of the Power Sector Reform Bill (PSRB).


"They have decided to defer their decision on the waiver pending further developments in the power restructuring law," Napocor finance chief Antonio Ingco, told reporters over the weekend.


In a letter to Napocor, ADB, one of the major sources of concessional loans for the power firm, said they are willing to wait for further developments in the power bill.


                    [DatePublished] => 2001-02-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
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abtest

Alcordo faces plunder case

December 16, 2001 - 12:00am

Outgoing National Power Corp. (Napocor) president Jesus Alcordo faces a plunder case before the Office of the Ombudsman for the anomalous release of P470-million to "bribe" the past Congress to pass the...

Business

Napocor faces another downgrade by S&P

By Donnabelle L. Gatdula | February 15, 2001 - 12:00am

International credit rating agency, Standard and Poor’s (S&P), will maintain a negative rating and may even downgrade the National Power Corp. (Napocor) as a result...

Business

Napocor anchors bond float on power reform bill

By Donnabelle L. Gatdula | February 13, 2001 - 12:00am

The National Power Corp. (Napocor) will push through with its planned $300-million bond flotation in June this year only if the Power Sector Reform Bill (PSRB) is passed by Congress, a company official said. Napocor...

Business

ADB, WB defer decision on Napocor’s request for waiver

By Donnabelle L. Gatdula | February 12, 2001 - 12:00am

The Asian Development Bank and the World Bank have deferred the granting of a waiver to the National Power Corp. (Napocor) pending the passage of the Power Sector Reform Bill (PSRB). "They have decided to defer...

Business