PSALM President and Chief Executive Officer Jose C. Ibazeta (seated, second from left) asks Strategic Power Devt. Corp. (SPDC) Vice Chairman Ferdinand K. Constantino to verify and sign the financial bid that the San Miguel Corporation subsidiary submitted in the bidding for the management of the contracted capacities of the San Roque, Bakun, and Benguet hydroelectric power plants held on 15 December 2009. SPDC was declared the highest bidder for the San Roque contracted capacity. Looking on are, seated from left: Department of Justice Assistant Chief State Counsel Ruben F. Fondevilla and Philippine Electricity Market Corporation President Melinda L. Ocampo. Standing are Dominador V. Rodulfo (left), Commission on Audit representative, and Atty. Conrad S. Tolentino, PSALM Acting Vice President for Asset Management and Electricity Trading.