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 26, 2023

2. SEC Identification Number

A1998 18260

3. BIR Tax Identification No.

202-464-633

4. Exact name of issuer as specified in its charter

First Gen Corporation

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

6th Floor Rockwell Business Center Tower 3 Ortigas Avenue Pasig City Postal Code 1604

8. Issuer's telephone number, including area code

(02) 34496400

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

-

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	3,596,575,505

11. Indicate the item numbers reported herein

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.

First Gen CorporationFGEN

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 of news article on EDC's P60 billion capital expenditures for geothermal projects.

Source	Manila Standard (Online Edition)
Subject of News Report	“EDC plans to invest P60b to drill 40 geothermal wells”
Date of Publication	Sep 25, 2023

Clarification of News Report
First Gen confirms that Energy Development Corporation (“EDC”) has plans to drill approximately 40 wells in the next 3 years to increase its geothermal energy output and sustain operations of its steam fields, which are located mostly in Leyte and Mt. Apo. EDC also has ongoing projects which are expected to add more than 80MW of geothermal capacity and 40 MWh of battery storage capacity. The total budget for these wells, associated infrastructure, as well as the ongoing growth projects, is approximately PHP60 billion. EDC intends to fund this amount via a combination of mostly internally-generated funds and loans.
Other Relevant Information
Please see attached.