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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 »

DoE chief backs collection of universal charges

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Energy Secretary Jose Rene D. Almendras is pushing for the collection of the universal charges that will allow the government to pay P139-billion worth of stranded debts and contract costs.

Posted: November 7th, 2011 in Headlines | Read More »

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