San Miguel Global Power Holdings Corp challenges ERC order against affiliate for alleged market misconduct

San Miguel Global Power Holdings Corp. raised concerns on Wednesday regarding the Energy Regulatory Commission’s (ERC) show cause order issued against its affiliate, South Premiere Power Corp, alleging anti-competitive conduct. The company stated that South Premiere was being accused of engaging in activities that violate market regulations and harm fair competition. San Miguel emphasized its commitment to adhering to ethical business practices and expressed willingness to cooperate with ERC’s investigation to ensure compliance with industry standards. The energy giant underscored the importance of upholding transparency and accountability in all operations to maintain trust among stakeholders and safeguard the integrity of the market. San Miguel Global Power Holdings Corp. reiterated its dedication to promoting fair competition and ethical conduct within the power sector, as part of its efforts to contribute positively to the industry’s growth and development.