PSALM is divided into five functional groups namely:
Office of the President and CEO (OPCEO)
The OP is headed by the PSALM President and Chief Executive Officer (CEO) who assumes accountability for the overall performance of the Corporation to the President of the Philippines, the DOE, the PSALM Board and the public. It develops and recommends to the PSALM Board long-term corporate directions, goals and strategies which are necessary in efficiently and effectively carrying out the objectives of the Corporation in accordance with the charter, the legislative agenda and its business viability. It represents the Corporation in all dealings and transactions with the Office of the President of the Philippines, Congress, Department of Energy, industry leaders, independent power producers, the media and other agencies and stakeholders. Lastly, OPCEO exercises direct supervision and control over functional groups: Financial Management Group, Privatization and Asset Management Group, Legal Group, Human Resources and Administrative Office and other departments/units as may be defined in official issuances.
Privatization and Asset Management Group
The Privatization and Asset Management Group, headed by a Vice President, exercises direct supervision and control over the Privatization and Asset Management and Contracts Administration Department and Electricity Trading Department. It manages all matters related to the privatization mandates and functions of the Corporation.
The Finance Group, headed by a Vice President, exercises direct supervision and control over the Financial Management Department, Controllership Department, Funds and Liability Management Department, and Universal Charge and Accounts Management Department. It provides leadership in managing the financial resources of the Corporation to support the organization in the effective and efficient delivery of its mandated functions and services. Also, Finance Group directs the maintenance of records and financial history of generation assets.
The Legal Group is headed by a Vice President who is also the PSALM’s General Counsel. This Group handles all legal transactions arising from the privatization process, restructuring of the electricity industry, asset rights and titling, and implementation of the EPIRA. It also ensures monitoring of status of all legal matters concerning PSALM. Further, it oversees provision of legal advice and supports to the President and CEO and the Board and rendering of opinions and recommendations on all legal matters and issues. Lastly, it exercises direct supervision and control over legal documents.
Corporate Services Group
The CSG, with a Vice President as its head, exercises direct supervision and control over the Corporate Services Group, including Information Systems and Technology Office and Human Resource and Administrative Office. It directs the maintenance of an automated central repository of administerial records of the Corporation and manages all matters related to the support services functions of the Corporation.
Collectively, the heads of these functional groups comprise PSALM’s Management Committee (ManCom) headed by the President and CEO.