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)

Jun 2, 2023

2. SEC Identification Number

39274

3. BIR Tax Identification No.

000-506-020-000

4. Exact name of issuer as specified in its charter

ACEN CORPORATION

5. Province, country or other jurisdiction of incorporation

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

35th Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(02) 7730 6300

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	39,677,394,773

11. Indicate the item numbers reported herein

Item 9 - Other Events

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.

ACEN CORPORATIONACEN

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure
Regulatory approval of ACEN’s acquisition of portfolio of eight operating wind projects in Texas, USA
Background/Description of the Disclosure
On 1 June 2023, the U.S. Federal Energy Regulatory Commission (“FERC”) authorized ACEN’s acquisition, through its joint-venture company, UPC Power Solutions LLC (“UPC Power”), of a total of 136 MW of wind assets from US-based GlidePath Power Solutions LLC (“GlidePath”). To recall, on 16 March 2023, UPC Power Solutions LLC signed a Purchase and Sale Agreement with GlidePath to acquire a portfolio of eight operating wind projects located in northern Texas, USA, subject to regulatory approvals including the approval of FERC. With the FERC approval, UPC Power and GlidePath will proceed to complete the acquisition pursuant to their Purchase and Sale Agreement.
Other Relevant Information
This disclosure is an update to the Company’s Press Release entitled, “ACEN acquires portfolio of eight operating wind projects in Texas, USA“, under disclosure report number C01969-2023 released on 16 March 2023.