SEC clears LUECO’s direct public offeringAccording to the commission, LUECO is the second issuer to successfully register under the streamlined guidelines on Securing and Expanding Capital for PowerGen Operators and Wholesale Electricity and Retail Services (SEC POWERS). MANILA, Philippines — The Securities and Exchange Commission (SEC) has approved the P251-million direct public offering of power firm La Union Electric Co. Inc. (LUECO). LUECO will offer to the public up to 352,950 common shares priced at P772 apiece. Based on the latest timetable submitted to the SEC, the direct public offering will run from Jan. 12 to 16, with the shares to be issued not later than Feb. 6. LUECO’s franchise area covers the city of San Fernando and municipalities of Bauang and San Juan in La Union.

Source: Philippine Star January 08, 2026 17:25 UTC