Institute for Climate and Sustainable Cities [ANALYSIS] ICSC: Meralco-Sta. Rita contract risks continued exposure to rising LNG power costs QUEZON CITY, 26 January 2026 –– As the one-time interim extension of the power supply agreement (PSA) between Meralco and First Gen Sta. Rita near its end, the Institute for Climate and Sustainable Cities highlights the need for a more thorough and careful planning process for future power procurement, as the reliance on imported liquefied natural gas (LNG) has led to rising electricity costs that are shouldered by Filipino households and businesses.  The PSA extension to operate until January 31 [...]