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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

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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 »

Senators slam energy execs for negligence

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Senators on Thursday took energy officials to task for their failure to activate the government-owned Malaya plant during the simultaneous shutdowns of the Malampaya gas pipeline and power-generating plants late last year that resulted in huge power increases.

Posted: January 24th, 2014 in Editors' Picks,Headlines,Nation | Read More »

Lawmakers shocked water firm bags oil-spill cleanup contract

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Lawmakers on the House committee on energy were shocked when they learned on Monday that the company that bagged the multimillion-peso contract to clean up the oil spill off a fishing town in Iloilo was an operator of neighborhood purified water refilling stations a little over a year ago.

Posted: December 17th, 2013 in Editors' Picks,Headlines,Nation | Read More »

Iloilo oil spill clean-up to go ‘full-scale’ within 48 hours—Drilon

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Tacloban Airport is covered by debris after powerful Typhoon Haiyan hit Tacloban city, in Leyte province in central Philippines, Saturday, Nov. 9, 2013. AP FILE PHOTO

The clean-up and containment efforts of the oil spill in Estancia, Iloilo are expected to go “full-scale” within 48 hours, the deadline imposed by the Power Sector Assets and Liability Management (PSALM), Senate President Franklin Drilon said on Thursday.

Posted: November 21st, 2013 in Latest News Stories,Regions | Read More »

Olongapo’s power debt burden

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POWER lines crisscross above Rizal Avenue (Ulo ng Apo) and Magsaysay Drive, main streets of Olongapo City. One of the busiest commercial centers in Central Luzon, the city is facing a power debt crisis arising from high system losses, energy theft, an old power distribution system and corruption. ROBERT GONZAGA

A confluence of factors, exacerbated by high system losses due to a decrepit power distribution system, corruption and patronage politics, buried Olongapo City’s Public Utilities Department (PUD) in a mountain of debt amounting to P5 billion to power suppliers and threatened to cut the city from the Luzon power grid.

Posted: July 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 »

Psalm power overcharging bared; consumers to get refund

By
DOTC Secretary Joseph Emilio Abaya. INQUIRER FILE PHOTO

Consumers can expect a refund due to the alleged overcharging on power services of the Power Sector Assets and Liabilities Management Corporation.

Posted: September 19th, 2012 in Business,Latest News Stories | Read More »

Mindanao execs protest plans to hike rates for electricity

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DIGOS CITY—Davao del Sur and North Cotabato officials are crying foul over plans by the Power Sector Assets and Liabilities Management (Psalm) to increase universal charge for electricity by 30 centavos per kilowatt hour. The officials said they couldn’t understand why Mindanao should suffer from higher power rates when a large part of the island [...]

Posted: August 10th, 2011 in Headlines,Regions | Read More »

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