June 29, 2017 11:55 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of AC Energy Holdings, Inc.

Company Overview

AC Energy Holdings, Inc. operates as a holding company. The company develops and operates power generation facilities that generate power using solar, wind, and mini-hydro energy. The company was formerly known as Michigan Power Inc. and changed its name to AC Energy Holdings, Inc. in May, 2011. The company is based in Philippines. AC Energy Holdings, Inc. operates as a subsidiary of Ayala Corp.

,  

Philippines

Founded in 2011

Key Executives for AC Energy Holdings, Inc.

AC Energy Holdings, Inc. does not have any Key Executives recorded.

AC Energy Holdings, Inc. Key Developments

AC Energy Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2017

AC Energy reported unaudited earnings results for the first quarter ended March 31, 2017. Net income surged 25% to PHP 313.7 million. This was achieved despite the annual maintenance for AC Energy's conventional energy assets, South Luzon Thermal Energy Corporation and GNPower Mariveles, which was scheduled during the period.

AC Energy Eyes Acquisitions

AC Energy Holdings, Inc. is looking for acquisition opportunities. Eric T. Francia, President and Chief Executive Officer of AC Energy, said, "Our strategic priority is to get that next milestone (of adding another 1,000 MW of capacity). Our existing platforms have an expansion potential. We will also continue to look for acquisitions and partnerships as what we've been doing in the last five years. We will not only look (at opportunities in the local market), but also in the region."

AC Energy Holdings Reports Unaudited Earnings Results for the Year Ended December 31, 2015

AC Energy Holdings reported unaudited earnings results for the year ended December 31, 2015. For the year, the company recorded a net income of PHP 2.1 billion during the year as its power generation assets came online and achieved more efficient operating levels.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 17, 2017
Bronzeoak Clean Energy, Inc. and San Carlos Clean Energy Inc.
Merger/Acquisition
December 29, 2016
70% stake in QuadRiver Energy Corporation, Philnew Hydro Power Corporation, PhilnewRiver Corporation
Merger/Acquisition
December 23, 2016
Chevron Global Energy Inc., Geothermal operations in Indonesia and the Philippines
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact AC Energy Holdings, Inc., please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.