Aboitiz Power : AP Disclosure re GMCP and GNPD Restructuring

January 9, 2018

SECURITIES AND EXCHANGE COMMISSION

Secretariat Building, PICC Complex,

Roxas Boulevard, Pasay City, 1307

ATTENTION

:

DIR. VICENTE GRACIANO P. FELIZMENIO JR.

Markets and Securities Regulation Department

via PSE EDGE

PHILIPPINE STOCK EXCHANGE, INC.

3rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue, Makati CityATTENTION

:

MR. JOSE VALERIANO B. ZUÑO III

OIC -Head, Disclosure Department

via electronic mail

PHILIPPINE DEALING & EXCHANGE CORP.

Market Regulatory Services Group

37/F, Tower 1, The Enterprise Center

6766 Ayala Avenue corner Paseo de Roxas, Makati CityATTENTION

:

MS. VINA VANESSA S. SALONGA

Head - Issuer Compliance and Disclosures DepartmentGentlemen:

Attached is the SEC Form 17-C (Current Report) of Aboitiz Power Corporation filed in compliance with the Securities Regulation Code, its 2015 Implementing Rules and Regulations, the Revised Disclosure Rules of the Philippine Stock Exchange (PSE), and the Issuer Disclosure Operating Guidelines of the Philippine Dealing Exchange Corp. (PDEx).

Kindly acknowledge receipt hereof.

Thank you.

Very truly yours,

ABOITIZ POWER CORPORATION

By:

M. JASMINE S. OPORTO

Corporate Secretary

NAC Tower, 32nd Street, Bonifacio Global City, 1634 Taguig, Metro Manila, Philippines t: [phone] f: [phone]www.aboitizpower.com

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Document I.D.

S T A MP SRemarks = Pls. use black ink for scanning purposesCashier

SECURITIES & EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE (SRC)

AND SRC RULE 17.2(c) THEREUNDER

• 1. January 9, 2018

  Date of Report (Date of earliest event reported)

• 2. SEC Identification Number C199800134

  3.

  BIR TIN 200-652-460-000

• 4. ABOITIZ POWER CORPORATION

  Exact name of registrant as specified in its charter

• 5. Philippines

  6.

  Province, country or other jurisdiction of incorporation

  Industry Classification Code

• 7. 32nd Street, Bonifacio Global City, Taguig City, Metro Manila, Philippines Address of principal office

  1634

  Postal Code

• 8. [phone]

  Registrant's telephone number, including area code

• 9. N.A.

  Former name or former address, if changed since last report

• 10. Securities registered pursuant to Sections 4 and 8 of the RSA

  Title of Each Class

  Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding

  Common Stock P1 Par Value

  7,358,604,307

  Amount of Debt Outstanding (As of September 30, 2017)

  P222,237,327,000.00

• 11. Indicate the item numbers reported herein: 9

  Item 9: Other Events

Aboitiz Power Corporation's wholly owned subsidiary, Therma Power, Inc. (TPI), is streamlining its share ownership structure in GNPower Mariveles Coal Plant Ltd. Co. (GNPower-Mariveles) and GNPower Dinginin Ltd. Co. (GNPower-Dinginin). The restructuring involves the transfer of direct ownership of GNPower-Mariveles and GNPower-Dinginin from the offshore subsidiaries of TPI to TPI and the eventual dissolution and liquidation of the offshore intermediary subsidiaries that own the GNPower-Mariveles and GNPower-Dinginin shares. As a result TPI will directly own 66.01% partnership interest in GNPower-Mariveles and 50% partnership interest in GNPower-DingininSIGNATURE (S)

Pursuant to the requirements of the Securities Regulation Code, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ABOITIZ POWER CORPORATION

By:

M. Jasmine S. Oporto Corporate Secretary

Dated: January 9, 2018