MANILA, Philippines — Manila Electric Co. (Meralco) expects its power distribution business to regain strength by the second quarter as La Niña fades and as real estate recovers following the exit of Philippine offshore gaming operators (Pogos). Ferdinand Geluz, Meralco senior vice-president and chief revenue officer, said increasing its power sales in the first three months of 2026 remains “a challenge” as La Niña conditions linger. The La Niña phenomenon can result in above-normal rainfall or an increase in tropical cyclones, which can result in lower electricity consumption. READ: Meralco hits P50-B core profit target for 2025 But the Pangilinan-led group […]... Keep on reading: Meralco sees power sales recovery by Q2