Insider Spotlight
The big picture
In a statement issued on Sunday, April 5, 2026, the company said it only enters agreements after “transparent and rigorous evaluations” and with full Board approval, signaling an effort to reassure investors amid reputational noise tied to the Mandaluyong court mention.
What they’re saying
First Gen emphasized its duty as a listed firm to prevent selective disclosure of material information, noting that all transactions — including those involving Enrique Razon Jr.'s Prime Infra Group — were unanimously approved by its board.
The board includes chair and CEO Federico "Piki" Lopez and director Manuel Lopez.
Why it matters
The statement comes as investor confidence can be sensitive to legal associations, even indirect ones. By reiterating governance protocols, First Gen is attempting to contain potential fallout and reinforce trust in its leadership and decision-making processes.
The company highlighted strong financial performance under current leadership, citing roughly $2 billion in earnings generated over the past five years. These gains, it said, directly benefit shareholders and reflect operational consistency.
Between the lines
The emphasis on profitability and governance suggests a dual message: defend against reputational risks while reminding stakeholders of long-term value creation.
First Gen linked its partnership with Prime Infra Group to its broader strategic direction, particularly its transition toward renewable energy. The company reiterated a decade-old commitment by the Lopez Group to avoid coal investments. —Daxim L. Lucas | Ed: Corrie S. Narisma
