( October 30, 2026, 01:27 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission on Friday said it has fined Pilipinas Enterprise Management Holdings Inc. and MERALCO PowerGen Corp. 5.8 million pesos ($91,100) for repeatedly missing reporting deadlines under a merger undertaking. The violations involved delayed submissions of Comparative Retail Electricity Market reports for the first, second and third quarters of 2025 by Global Energy Supply Corp., a PEMHI subsidiary. The first-quarter report was 215 days late, the second-quarter report 126 days late, and the third-quarter report 34 days late. The PCC rejected the companies’ explanations of human error and oversight, stressing that merger commitments are binding. MGen settled the full penalty on Oct. 16.Statement follows....
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