PSALM remits P46M to LGUs as revenue share
As part of its response to the COVID-19 pandemic, the Power Sector Assets and Liabilities Management Corp. (PSALM) remitted to several local governments units (LGUs) a total of P46 million, representing their share in first-quarter revenues as hosts of renewable energy-based power plants.
The LGUs of Benguet, Bukidnon, Laguna, Lanao del Norte, Lanao del Sur and Pangasinan were given their revenue share through bank transfers. —Ronnel W. Domingo
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