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)

Jan 19, 2023

2. SEC Identification Number

AS094-002365

3. BIR Tax Identification No.

003-868-048

4. Exact name of issuer as specified in its charter

SPC POWER CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

7/F, BDO Towers Paseo, 8741 Paseo de Roxas, Makati City Postal Code 1209

8. Issuer's telephone number, including area code

(63 2) 8810 4474 to 77

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

N.A.

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 Shares: Issued	1,569,491,900
Treasury Shares	72,940,097
Outstanding	1,496,551,803

11. Indicate the item numbers reported herein

No. 9

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.

SPC Power CorporationSPC

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification on News Article entitled “Kepco selling PH diesel, coal assets in bid to join green campaign” posted in Inquirer.net on January 19, 2023.

Source	Inquirer.net (Online)
Subject of News Report	Kepco selling PH diesel. coal assets in bid to join green campaign
Date of Publication	Jan 19, 2023

Clarification of News Report
We write with respect to the attached news articles posted in various online sites. In the attached news article entitled “Kepco selling PH diesel, coal assets in bid to join green campaign” posted in Inquirer.net on January 19, 2023, it was reported in part that: “South Korea-based Korea Electric Power Corp. (Kepco) is divesting its energy assets as it continues to move forward with its net-zero goals but will remain present in the sector to explore potential investments in the renewables arena. In a statement, Kepco said it was selling its 60-percent stake in a thermal power plant in Cebu through Kepco SPC Power Corp. and its 40-percent interest in SPC Power Corp. . . . . Kepco said it was currently in the second round of the sale process and received ‘high interest’ from several domestic and foreign bidders since it started in October last year. It did not divulge the names of the interested entities. . . . . Kepco SPC Power, a joint venture of Kepco Philippines Holdings Inc. and Cebu-based listed company SPC Power, operates the 200-megawatt coal-fired power plant in Naga City, Cebu. SPC Power’s other existing facilities include the 22-megawatt (MW) Bohol diesel-fired plant in Tagbilaran City and the 146.6-MW Panay diesel-fired plant in Iloilo. Prospective bidders SPC Power is interested in acquiring Kepco’s shares in the aforementioned projects. . . . . Shortlisted bidders were expected to submit their final offers by the first quarter of this year, Kepco said. ‘The shortlisted bidders are currently undergoing due diligence and site visits. As the marketing process drew more than the expected interests, the potential sale process has gained further traction towards a successful closing,’ it added. . . . .” SPC confirms the above news report to the extent of the sale of KEPCO’s 60-percent stake in a thermal power plant in Cebu through Kepco SPC Power Corp. and its 40-percent interest in SPC Power Corp. SPC is presently evaluating and weighing its options on the sale of KEPCO’s shares in KSPC and SPC.
Other Relevant Information
None