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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.”

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 »

Oil spill victims sue gov’t agencies

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ESTANCIA residents protest government negligence.

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.

Posted: January 19th, 2014 in Headlines,Regions | Read More »

OK of debt plan keeps power on in Olongapo

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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.

Posted: July 3rd, 2013 in Headlines,Regions | Read More »

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