Newsroom
Year: 2016

PSALM sets to zero its monthly fuel, purchased power and foreign exchange-related cost adjustments


The Energy Regulatory Commission (ERC) has approved the Power Sector Assets and Liabilities Management (PSALM) Corporation's omnibus motion to set to zero its monthly fuel, purchased power and foreign exchange-related cost adjustments, collectively known as Automatic Cost Adjustments (ACA) effective June 2016 billing period....

PSALM awards Power Barge 104 to SPC Power Corporation


The Power Sector Assets and Liabilities Management (PSALM) Corporation on Thursday (30 June 2016) conducted the ceremonial turnover of the 32-megawatt (MW) Power Barge 104 to its new owner, SPC Power Corporation (SPC)....

PSALM remains the major power supplier in Mindanao


The Power Sector Assets and Liabilities Management (PSALM) Corporation has contracted out a total of 3,843.71 Gigawatt-hour energy this year for its 49 Mindanao power customers. ...

PSALM Management declares successful negotiated sale for PB 104


The SPC Island Power Corporation (SIPC) submitted the highest offer for the negotiated sale of the 32 megawatts Power Barge (PB) 104, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported on Friday (15 April 2016) after closing the bidding in its Makati City Office. ...

Decommissioned Sucat plant assets second auction fails


The Power Sector Assets and Liabilities Management (PSALM) Corporation declares the second round bidding held today (08 April 2016) for the structures, plant equipment, auxiliaries and accessories of the decommissioned 850-megawatt Sucat Thermal Power Plant as a failed bidding after the three qualified bidders did not meet the reserve price set by the PSALM Board. ...