Rappler's latest stories on Psalm
PHINMA Energy eyes 45-megawatt solar plant in Batangas
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
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
State run PSALM requests regulatory approval to pass on to consumers the National Power Corporation s P3 7 billion debt
10 gov’t firms fail to remit P68B in dividends – COA
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
A high court ruling gives the operation and ownership contract of the Naga Power Plant Complex to AboitizPower s Therma Power Visayas Incorporated
ADB backs first 'climate bond' issuance in Asia-Pacific
The P10 7B Aboitiz led bond will be boosted by a direct ADB loan of P1 8B for the development of the Tiwi MakBan facilities
ERC: Probe vs Meralco, gencos over 2013 rate hike a 'priority'
The commission says a decision would hopefully be coming this year
SMC files plunder complaint against PSALM head
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
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
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
No official reason is provided for the suspension of Ledesma who is the subject of PSALM employees complaints
Conglomerates seeking to manage Mindanao coal plant
PSALM also plans to auction the selection and appointment of an IPPA for the Unified Leyte Geothermal Power Plants
Palace reiterates need for emergency powers
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
The utility firm says the appellate court’s order is a ‘welcome relief’ to its consumers
CA orders Meralco to refund P5B to customers
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
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
About 1600 megawatts of power generation capacity are up for privatization the Power Sector Assets and Liabilities Management Corporation says
FDC bids P128M for PSALM’s 1st Mindanao IPPA auction
The winning bidder will manage the Independent Power Producer Administrator contract output of Mt Apo 1 and 2 geothermal power plants in North Cotabato
7 bidders pre-qualify for PSALM’s 1st Mindanao IPPA auction
Interested parties have until Wednesday September 24 to submit their bids for the Independent Power Producer Administrator contract
Gov’t pushes for Malaya power plant rehab
The rehabilitation of the power plant will provide additional capacity to the Luzon grid which is expected to undergo power shortages by March 2015
Electricity rates to go up P0.5143/kWh due to PSALM suit
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
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
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
PSALM to bid out 4 gov’t power facilities this year
Mt Apo 1 and 2 Sucat and Power Barge 104 plants are up for privatization
PSALM approves rehab of Malaya plant
The rehabilitation of the Malaya Unit 1 will help plug the anticipated power supply deficiency next year
Davao Del Norte, Compostela Valley face massive blackouts on P500-M unpaid dues
PSALM already issued a final demand to the electric cooperative serving these provinces for failing to settle its financial obligations
Petilla: Other plants violated WESM rules
It s not only PSALM s Malaya plant that failed to dispatch energy to the grid
PSALM: Malaya plant can't always run when needed
PSALM says the plant has slow start up time and low fuel replenishment rate
Petilla: Illegal for PSALM to make spot market bid without power
Before the High Court Energy Secretary Jericho Petilla tags as illegal PSALM s spot market bid when it has no ability to dispatch power
Osmeña: Petilla should resign over Meralco rate hike
Osmeña calculates that using the Malaya plant could have significantly brought down market prices by at least P20
‘Burn gov't plant if not helping consumers’
Osmeña says the government must decide whether or not to keep the state owned Malaya as a security plant or close it down
PSALM avoids losses by keeping plant offline during Malampaya shutdown
PSALM has been hit for not using the Malaya plant – a move critics said would have mitigated price spikes at WESM
PSALM offers P2M to Estancia families after oil spill
PSALM offers financial help to the families in Estancia hit hard by Typhoon Yolanda and an oil spill caused by a barge it owns
World's most expensive printed book sells for $14.2M
The book s buyer David Rubenstein a billionaire American financier and philanthropist conducted his bid by telephone
PSALM to rebid Naga power plant on Sept 4
The agency sets a second bidding after declaring the first a failure
San Miguel to bid for Leyte plants' output
SMC to participate in the October bidding for Unified Leyte geothermal power contracts
Electricity restored in Albay
UPDATE PEMC says Albay could still face another blackout if the debt ridden Albay Electric Cooperative doesn t start repaying its bills within the week
PSALM to borrow P20-B from govt in Q4
State owned Power Sector Assets and Liabilities Management Corp PSALM has reduced its borrowing program for the year
Sy-led NGCP mulls prepaying concession fee
The country s main transmission operator is considering paying in advance part of its remaining concession fee
Politics behind P30-B power coops' debt to Psalm?
The government will not condone the reportedly ballooning debts of electric cooperatives says Energy Secretary Carlos Jericho Petilla
DOE sets auction terms for Leyte geothermal complex
Energy Secretary Carlos Petilla oversees the auction for the right to administer the 640 MW geothermal power plant in Leyte where he used to be governor
PSALM receives $500-M government loan
The amount will be spent for the agency s funding requirements this year
'Open access' in place by Q3, says energy chief
Energy Secretary Jose Rene Almendras says power users that consume an average of one megawatt a month could start choosing their power generator this year
PSALM taps hotshot law firm for Lehman claim
PSALM has enlisted Pinsent Masons for its 3 4 million claim against bankrupt Lehman Brothers Special Financing Inc
