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Home » Power Sector Assets and Liabilities Management Corp. (PSALM) You are browsing entries tagged with “Power Sector Assets and Liabilities Management Corp. (PSALM)”

P10B refund to Meralco customers looms

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meralco-logo

Customers of Manila Electric Co., the country’s biggest power distributor, can soon expect refunds from the P10 billion worth of transmission line costs that were overcharged by the state-
run Power Sector Assets and Liabilities Management Corp. (PSALM) starting in 2006.

Posted: March 18th, 2013 in Editor's Pick,Headlines | Read More »

PSALM expects financial position to improve

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psalm

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) expects its cash flow to improve over the next four years, after regulators allowed it to collect P53 billion in universal charges for stranded contract costs from all power consumers.

Posted: February 25th, 2013 in Latest Business Stories | Read More »

ERC rejects new power rate hike bid

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erc logo

Consumers can heave a sigh of relief as the Energy Regulatory Commission rejected the petition of the state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to collect another P65 billion worth of so-called stranded debts.

Posted: February 21st, 2013 in Editor's Pick,Headlines | Read More »

Meralco turns to PSALM for additional power

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meralco-logo

Manila Electric Co., the country’s biggest power distributor, seeks to increase the volume of electricity it sources from state-run Power Sector Assets and Liabilities Management Corp. by another 100 megawatts to secure the power supply within its franchise area.

Posted: February 18th, 2013 in Latest Business Stories | Read More »

PSALM may no longer extend Meralco’s supply contract

psalm

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is no longer keen on extending by another four months its supply contract with power distributor Manila Electric Co. (Meralco).

Posted: January 14th, 2013 in Latest Business Stories | Read More »

Electricity rates seen to increase in 2013

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Power consumers may have to brace for possible rate increases next year with the nearing approval of the petition of state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to collect close to P140 billion worth of stranded debts and contract costs.

Posted: December 17th, 2012 in Headlines | Read More »

PSALM to borrow P60B for ’13

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psalm

State-run Power Sector Assets and Liabilities Management Corp., or PSALM, plans to raise P60 billion to fund maturing obligations and meet other operational requirements for 2013.

Posted: November 13th, 2012 in Latest Business Stories | Read More »

PSALM preparing to bid out 5 power contracts

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psalm

State-run Power Sector Assets and Liabilities Management Corp. will start bidding out in 2014 contracts to manage five power facilities in Mindanao, which can generate a total of 440 megawatts of electricity.

Posted: November 12th, 2012 in Latest Business Stories | Read More »

PSALM seeks coal suppliers for 146-MW power complex in Cebu

psalm

State-run Power Sector Assets and Liabilities Management Corp. is seeking offers for the supply and delivery of P119.5 million worth of local coal to be used for the 146-megawatt Naga power complex in Cebu.

Posted: October 29th, 2012 in Latest Business Stories | Read More »

‘Overcharged’ Meralco wants higher refund

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meralco-logo

Manila Electric Co., the country’s biggest power distributor, is now seeking a higher refund of about P10 billion that was allegedly “overcharged” by the state-run Power Sector Assets and Liabilities Management Corp. (PSALM).

Posted: October 29th, 2012 in Latest Business Stories | Read More »

After failed bid, gov’t may have to scrap power barges

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psalm

After failing to auction off four diesel-fired power barges in the Visayas and Mindanao, the state-run Power Sector Assets and Liabilities Management Corp. (PSALM) is now considering three options, one of which is to decommission some of the facilities.

Posted: October 15th, 2012 in Latest Business Stories | Read More »

PSALM to bid out fuel supply deals worth P1.4B

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psalm

State-run Power Sector Assets and Liabilities Management Corp. is seeking offers for the supply and delivery of P1.4 billion worth of steaming coal and industrial fuel.

Posted: October 10th, 2012 in Latest Business Stories | Read More »

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