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Home » Power Sector Assets and Liabilities Management Corp. You are browsing entries tagged with “Power Sector Assets and Liabilities Management Corp.”

Firm paid amid spill cleanup doubts

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SIGNS of bunker oil still coat the rocky coastline of Barangay Botongon in Estancia, Iloilo. NESTOR P. BURGOS/INQUIRER VISAYAS

A company which a top provincial official said had no previous record in oil spill cleanup had been paid 90 percent for a cleanup job that had been described as inadequate in a town poisoned by nearly a million liters of bunker fuel at the height of Supertyphoon Yolanda last year.

Posted: October 10th, 2014 in Headlines,Latest News Stories,Regions,Regions | Read More »

Aquino tells why he’s open to 2nd term

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President Benigno Aquino III. INQUIRER FILE PHOTO

President Benigno Aquino III opened another vein of endless speculation when he again hinted at entertaining thoughts of running for a second term, telling leaders of the ruling Liberal Party (LP) and their allies in Malacañang on Friday that he was “slightly open” to the idea of extending his term of office beyond 2016.

Posted: September 14th, 2014 in Editors' Picks,Headlines,Latest News Stories,Nation,Nation | Read More »

Maguindanao power co-op saddled with P800-M debts

A power utility firm in Maguindanao province needs immediate resuscitation after having accumulated close to P800 million in debts with the Power Sector Assets and Liabilities Management Corp. (Psalm) since 2005.

Posted: February 14th, 2014 in Headlines,Regions | Read More »

Solon questions P.5-B payment by state-owned firm to idle power plant

Neri-Colmenares

A militant solon was puzzled why the state-owned Power Sector Assets and Liabilities Management Corp. (PSALM) paid over half a billion pesos for the operation of a non-performing power plant in light of the massive power shortage.

Posted: January 30th, 2014 in Latest News Stories,Nation | Read More »

Petilla admission proof of collusion, says Rep. Colmenares

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Energy Secretary Jericho Petilla and Bayan Muna Rep. Neri Javier Colmenares. AP/INQUIRER FILE PHOTOS

Energy Secretary Jericho Petilla’s admission that there was adequate power supply when the Malampaya natural gas facility went off grid for one month last year is proof that there was collusion among the energy market players to ramp up prices, according to militant party-list members at the House of Representatives.

Posted: January 25th, 2014 in Editors' Picks,Featured Gallery,Headlines,Nation,Photos & Videos | Read More »

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