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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

Bayan Muna representative Neri Colmenares. INQUIRER.net FILE PHOTO

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

By
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

By
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 »

New debt plan prepared to keep electricity in Olongapo City

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Local officials have approved a debt-restructuring agreement that they hope could stop the state-run Power Sector Assets and Liabilities Management Corp. (Psalm) from disconnecting the city’s power supply due to its failure to pay over P5 billion in debts.

Posted: June 26th, 2013 in Headlines,Regions | Read More »

Olongapo warned of power cutoff over city’s P5-B debt

The state-run Power Sector Assets and Liabilities Management Corp. (Psalm) has issued a final disconnection notice to the city government for its failure to pay over P5 billion in debts.

Posted: June 23rd, 2013 in Headlines,Regions | Read More »

National Grid, PSALM, NPC slammed for keeping Pablo-hit areas without power

By
napocor

Electric cooperatives officials took turns, on Saturday, in criticizing the power industry’s big three – the National Grid Corp. of the Philippines (NGCP), the Power Sector Assets and Liabilities Management Corp. (PSALM) and the National Power Corp. (NPC)—for their “sluggish response” in restoring full power supply in areas devastated by typhoon Pablo, particularly Compostela Valley, Davao Oriental, Surigao del Norte and Agusan del Sur.

Posted: December 30th, 2012 in Latest News Stories,Nation | Read More »

Mindanao groups disappointed with Aquino’s response to power crisis

By
Benigno Aquino III

Mindanao consumers, business and political leaders, expressed disgust and disappointment over President Aquino’s response to the power crisis in Mindanao and then blamed the privatization of the country’s power assets as the root cause of their woes.

Posted: April 15th, 2012 in Latest News Stories,Regions | Read More »

Consumers brace for higher electricity bills

Households consuming 200 kilowatts of electricity a month may expect an P8 increase in their bills after the National Power Corp. (Napocor) was allowed to raise its generation rates nationwide, according to a power company official.

Posted: April 2nd, 2012 in Headlines,Regions | Read More »

Gov’t to bid out 4 power barges

State-run Power Sector Assets and Liabilities Management Corp. has finally set off the bidding process for the sale of its four diesel-fired Power Barges 101, 102, 103 and 104, hopefully marking the resumption of the long-stalled privatization activities of the government.

Posted: January 31st, 2012 in CDN - Visayas,Cebu Daily News | Read More »

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