Power Sector Assets and Liabilities Management Corporation - updates

Rappler's latest stories on Power Sector Assets and Liabilities Management Corporation


PHINMA Energy eyes 45-megawatt solar plant in Batangas

Sep 13, 2017 - 8:30 PM

The company wins a solar service contract for the right to explore and develop a 486 hectare area in Batangas from the Department of Energy

PHINMA Energy to file case against PSALM

Sep 11, 2017 - 11:00 PM

The case is to stop PSALM from removing PHINMA Energy as administrator of a 40 megawatt geothermal power plant in Leyte

PSALM seeks to impose additional universal charge on electricity users

Jul 09, 2017 - 9:55 PM

State run PSALM requests regulatory approval to pass on to consumers the National Power Corporation s P3 7 billion debt

UNIVERSAL CHARGE. PSALM has sought an approval from the Energy Regulatory Commission (ERC) to collect P0.0429 per kilowatt hour (kWh) for one year. Rappler file photo

10 gov’t firms fail to remit P68B in dividends – COA

Oct 31, 2016 - 7:09 PM

State auditors find that from 2004 to 2014 these GOCCs either did not declare failed to record failed to remit or under remitted their dividends

SC orders awarding of Naga Power Plant to Aboitiz's Therma Power

Oct 13, 2016 - 6:45 PM

A high court ruling gives the operation and ownership contract of the Naga Power Plant Complex to AboitizPower s Therma Power Visayas Incorporated

COURT RULING. The high court upholds the validity of PSALM’s public bidding of the Naga Power Plant in Cebu, which was then awarded to Aboitiz Power’s Therma Power Visayas Incorporated. Rappler file photo

ERC: Probe vs Meralco, gencos over 2013 rate hike a 'priority'

Feb 14, 2016 - 11:19 PM

The commission says a decision would hopefully be coming this year

SMC files plunder complaint against PSALM head

Oct 26, 2015 - 10:08 AM

UPDATED The conglomerate alleges that PSALM President Lourdes Alzona connived with officials of energy firm Team Energy to the detriment of the government and SMC

PSALM’s Ledesma seeks Malacañang intervention over suspension

May 11, 2015 - 7:45 PM

PSALM President CEO Emmanuel Ledesma Jr says the board wrongly interpreted a provision of the Governance Commission for GOCC Law in suspending a presidential appointee like him

DOE plans to delay Mindanao coal plant privatization

May 10, 2015 - 9:26 PM

Energy Secretary Petilla says an early auction could cause price shocks and he wants to wait until other plants are built first

PSALM chief Ledesma on 90-day preventive suspension

May 06, 2015 - 6:07 PM

No official reason is provided for the suspension of Ledesma who is the subject of PSALM employees complaints

Palace reiterates need for emergency powers

Jan 02, 2015 - 6:56 PM

The government is working on other options to mitigate the power shortage especially as summer nears as it awaits lawmakers action on its emergency powers request

Meralco to heed CA’s order on P5B refund

Dec 19, 2014 - 6:08 PM

The utility firm says the appellate court’s order is a ‘welcome relief’ to its consumers

CA orders Meralco to refund P5B to customers

Dec 18, 2014 - 6:07 PM

The Court of Appeals requires the utility firm to refund consumers for the transmission line costs they were forced to pay

Gov't rejects labor suit dues, warns vs power rate hikes

Dec 04, 2014 - 6:12 PM

Finance Secretary Cesar Purisima says that the beneficiaries of the P60 2 billion in back wages were mostly rehired after their termination anyway

Gov’t to earn $3.2B from power gen privatization

Nov 03, 2014 - 8:00 AM

About 1600 megawatts of power generation capacity are up for privatization the Power Sector Assets and Liabilities Management Corporation says

Electricity rates to go up P0.5143/kWh due to PSALM suit

Sep 03, 2014 - 3:14 PM

PSALM warns of a hike in the universal charge if it is forced to settle over P60 B in damages from a suit filed by former employees

San Miguel still interested in Angat hydro power plant

Aug 29, 2014 - 4:53 PM

The government has agreed to sell the facility to South Korea s K Water at a reduced price

Gov't warns of power shortage, addt'l charges amid PSALM's money woes

Aug 26, 2014 - 11:44 PM

PSALM warns a court s garnishment order will paralyze its operations preventing it to address the power shortage next year while the DOE says the order will result in additional charges for consumers

Petilla: Illegal for PSALM to make spot market bid without power

Feb 11, 2014 - 10:35 PM

Before the High Court Energy Secretary Jericho Petilla tags as illegal PSALM s spot market bid when it has no ability to dispatch power

PSALM avoids losses by keeping plant offline during Malampaya shutdown

Jan 22, 2014 - 10:14 PM

PSALM has been hit for not using the Malaya plant – a move critics said would have mitigated price spikes at WESM

SAVING A BILLION. PSALM reportedly avoided as much as P1 billion in losses by keeping the Malaya plant offline during the Malampaya shutdown. File Photo from AFP.

PSALM offers P2M to Estancia families after oil spill

Nov 27, 2013 - 5:46 PM

PSALM offers financial help to the families in Estancia hit hard by Typhoon Yolanda and an oil spill caused by a barge it owns

RAN AGROUND. Power Barge 103 and its aftereffects on Estancia in Iloilo. Photo by Jonathan Jurilla