The Power Sector Assets and Liabilities Management (PSALM) Corporation has effectively extended the Ecozone Rate Program (ERP) with the extension of its Transition Supply Contract (TSC) with the Manila Electric Company (Meralco) for a maximum period of one year or until three months after the introduction of open access and retail competition, whichever comes earlier, subject to the approval of the more
The Power Sector Assets and Liabilities Management (PSALM) Corporation will extend its transition supply contract (TSC) with the Manila Electric Company (Meralco) for a maximum period of one year or until three months after the introduction of open access and retail competition, whichever comes earlier, subject to the approval of the Energy Regulatory Commission (ERC).
PSALM President and Chief more
The Power Sector Assets and Liabilities Management (PSALM) Corporation has not incurred any losses in its Principal Only Swap (POS) transaction with Lehman Brothers Special Financing Inc. executed on 18 July 2007.
PSALM made the clarification in response to published claims of Eastern Samar Representative Ben Evardone that PSALM had admitted losing USD3.5 million in investments with Lehman more
The Power Sector Assets and Liabilities Management (PSALM) Corporation formally turned over the machineries, equipment, and facilities of the Navotas 1 & 2 Gas Turbine Power Plant to Millennium Holdings, Inc. (MHI) last 13 January 2012. The Navotas plants were auctioned off last year by the Navotas City Government after a tax dispute with the National Power Corporation. more
PSALM President and Chief Executive Officer Emmanuel R. Ledesma Jr. (second from right), together with representatives of the Metropolitan Waterworks and Sewerage System, the National Power Corporation, the National Irrigation Administration, the Philippine Institute of Volcanology and Seismology, the Office of Civil Defense, the Philippine Atmospheric, Geophysical and Astronomical Services Administration, and the Provincial Government of Bulacan, signed a memorandum of agreement to ensure the safety and reliability of the Angat River Hydroelectric Power Plant’s dam and dikes. more
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