On April 18, 2025, the Republic Act No. 12179, titled “An Act Amending Section 50 of Republic Act No. 9136, Otherwise Known as the Electric Power Industry Reform Act of 2001” lapsed into law in accordance with Article VI, Section 27(1) of the Constitution. The new law grants PSALM a ten-year extension beyond its original corporate term, which was set to expire on June 26, 2026....
PSALM saves PHP510 million in real property taxes with the issuance of Executive Order No. 83
The Power Sector Assets and Liabilities Management (PSALM) Corporation has reduced its Real Property Tax (RPT) liabilities for CY 2024 from five (5) Build-Operate-Transfer (BOT) power plants, cutting the total amount from PHP626.46 million to PHP116.52 million, leading to a total savings of PHP509.94 million....
PSALM remits PHP377.5 million for Energy Regulation (ER) No. 1-94 and Share in National Wealth (SNW) benefits in 2024
The Power Sector Assets and Liabilities Management (PSALM) Corporation has successfully remitted a total of PHP377,505,060.55 in ER 1-94 and Share in the National Wealth (SNW) funds for Calendar Year 2024. This total is composed of PHP135,796,591.90 in ER 1-94 remittances and PHP241,708,468.65 in SNW benefits....