Utilities
Chilean government agrees to refund overcharges in electricity tariffs
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Chile's Economy and Energy Biminister Álvaro García announced that Transelec has agreed to refund US$ 135 million overcharged in electricity bills starting in January. This deal adds to the US$ 115 million that generators must return due to calculation errors dating back to 2017. The crisis, which led to Energy Minister Diego Pardow's resignation, highlights failures in government management and the electricity sector.
Japan's nuclear regulator has halted the screening process required to restart Chubu Electric Power's Hamaoka Nuclear Power Station due to inappropriate handling of seismic data. The utility admitted to using a method different from what it explained to regulators for selecting seismic waves. The move stalls efforts to resume operations at the plant, which has been idled since the 2011 Fukushima disaster.
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Tycoon Lucio Co's purchase of troubled PrimeWater Infrastructure Corp. from the Villar family has spotlighted his lesser-known water utility, Pamana Water Corporation, operating about 15 branches across Philippine provinces. Launched in 2017, Pamana aims to deliver clean water amid criticisms, as government probes into PrimeWater complaints continue.