The Securities and Exchange Commission (SEC), in partnership with the Energy Regulatory Commission (ERC), has introduced SEC POWERS, a program aimed at improving capital-raising opportunities for energy companies. The initiative supports the implementation of Section 43(t) of the Electric Power Industry Reform Act (EPIRA) Law, which mandates power generation companies and distribution utilities to offer at least 15% of their common shares to the public.
The SEC POWERS program was officially launched on March 27 at the SEC Headquarters in Makati City, during an event titled “POWER ON: Harnessing the Power of the Capital Market for a More Sustainable Energy Sector.” The conference brought together industry stakeholders, investment firms, and legal experts to discuss capital market access, public offering requirements, and regulatory compliance for energy companies.
With this initiative, the SEC aims to strengthen transparency and investor participation in the energy sector while promoting long-term sustainability. The Commission reaffirmed its commitment to fostering a regulatory environment that encourages public investment and financial stability in the power industry.
