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PSALM warned vs passing on class suit costs

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Bayan Muna party-list Representative Teddy Casiño. INQUIRER FILE PHOTO

An electricity consumer group has warned Power Sector Assets and Liabilities Management Corp. (PSALM) against passing on to consumers its cost for settling a class suit that requires the state firm to cough up over P60.24 billion.

Posted: September 5th, 2014 in Headlines,Latest Business Stories | Read More »

PSALM reduces selling price of 218-MW Angat hydro plant

METRO MANILA’S WATER SUPPLY SOURCE.  The Angat Dam in Bulacan is where Metro Manila, home to 12 million residents, sources 97 percent of its water requirements. The Metropolitan Waterworks and Sewerage System says they hope to bid out projects next year that would develop new water sources to boost Metro Manila’s water supply. PHOTO FROM BULACAN.GOV.PH

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has reduced the selling price of the 218-megawatt Angat hydroelectric power plant in Bulacan to $439 million.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

DOE seeks ‘plan B’ amid PSALM money woes

By
DOE Secretary Jericho Petilla. AP FILE PHOTO

With Power Sector Assets and Liabilities Management (PSALM) Corp. facing financial troubles, the government is seeking options in dealing with a potential power supply problem in 2015, Department of Energy (DOE) Secretary Carlos Jericho L. Petilla said.

Posted: August 26th, 2014 in Headlines,Latest Business Stories | Read More »

Biz Buzz: Garnished

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Apart from the Disbursement Acceleration Program (DAP)—parts of which were struck down by the Supreme Court—President Aquino’s fiscal and energy managers have another ax to grind with the judiciary, this time on the revenue generation side and one that particularly throws the power industry in a frenzy.

Posted: August 20th, 2014 in Columnists,Inquirer Columns | Read More »

PSALM: SPC Power takes over Naga plant

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The Power Sector Assets and Liabilities Management Corp. (PSALM) handed over ownership of the Naga power plant complex in Cebu province to SPC Power Corp., after it exercised its right to top the winning bid of the Aboitiz Group.

Posted: August 2nd, 2014 in Headlines | Read More »

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