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.
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.
By Gil C. Cabacungan
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.
By Nestor P. Burgos Jr.
Residents of a coastal community affected by an oil spill during the onslaught of Super Typhoon “Yolanda” in northern Iloilo province have filed a P20.3-million civil suit against government agencies, which they say were negligent in preventing the calamity.
By Riza T. Olchondra
A state-run firm managing the supply of electricity from the government’s remaining power generators has agreed to restructure nearly P5 billion in debts owed by Olongapo City, effectively postponing plans to cut off power from the entire city.