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)

Sep 11, 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

Not applicable

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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Matters taken up during the Board meeting held today, September 11,2017.
Background/Description of the Disclosure
The Board of Directors of PHINMA Energy Corporation (“PHINMA Energy”) today authorized the filing of a case against Power Sector Assets and Liabilities Management (“PSALM”) Corp., to restrain the termination of the Administration Agreement for the Selection and Appointment of Independent Power Producer Administrators (IPPAs) for the Strips of Energy of the Unified Leyte Geothermal Power Plants (“ULGPP”) located in Tongonan, Leyte (the “Agreement”) on grounds of Administrator’s default. On November 07, 2013, PHINMA Energy (then Trans-Asia Oil and Energy Development Corporation) was declared as one of the winning bidders with the right to administer 40 Megawatts (MW) “strips of energy” from the ULGPP. On November 08, 2013, typhoon Yolanda severely hit Region 8 which resulted in extensive damage to the ULGPP. It was only after a one (1) year delay that PSALM awarded the Strips to the bidders. In several letters to PSALM, PHINMA Energy formally sought the renegotiation of the Agreement and proposed several measures for relief. Representatives of PSALM and PHINMA Energy met on several occasions. PHINMA Energy wrote PSALM expressing the difficulties suffered by the Administrators under the Agreement. PHINMA Energy, through counsel, wrote a letter exercising its right to withdraw from the Agreement. Discussions on the termination were initiated. However, PHINMA Energy received a Notice from PSALM of the Administrator Default and PSALM has resolved to terminate the Agreement and forfeit the Performance Bond.
Other Relevant Information
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