SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Aug 15, 2017

2. SEC Identification Number

069039274

3. BIR Tax Identification No.

000506020000

4. Exact name of issuer as specified in its charter

PHINMA ENERGY CORPORATION

5. Province, country or other jurisdiction of incorporation

Makati City,Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Level 11 PHINMA Plaza,39 Plaza Drive,Rockwell Center, Makati City Postal Code 1200

8. Issuer's telephone number, including area code

632-8700100

9. Former name or former address, if changed since last report

Trans-Asia Oil and Energy Development Corporation

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	4,885,897,908

11. Indicate the item numbers reported herein

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The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PHINMA Energy CorporationPHEN

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Net Income for First half of 2017
Background/Description of the Disclosure
PHINMA Energy Corporation (PHEN) posted a net income of P298 million in the first half of 2017, compared to P542 million last year on lower electricity prices. The company was able to achieve a significant volume of customer migration due to the implementation of Retail Competition and Open Access (RCOA). Despite the temporary restraining order issued by the Supreme Court, PHINMA Energy was able to garner 14% Retail Electricity Supply (RES) market share. However, heightened competition and increasing penetration of must dispatch variable renewable energy (VRE) have driven market prices of electricity downward. The number of additional customers due to the implementation of RCOA, were below targeted volumes as a result of the TRO. Under the foregoing environment in the industry, the Company is continuously working to manage supply portfolio costs to remain competitive and is hopeful that more contestable customers will be encouraged to participate voluntarily in RCOA. Together with increasing electricity demand due to the planned construction activities in the country, the Company remains positive on its prospects for the second half of the year.
Other Relevant Information
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