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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 »

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