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.
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.
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.
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.
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).
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.
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.
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.
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.
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).
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.
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.
