ERC approvals on UC-SD and SCC to relieve PSALM from further borrowings this year
The impending collection of the stranded debt (SD) and stranded contract cost (SCC) portions of the Universal Charge in the total amount of around PhP37 billion will relieve the Power Sector Assets and Liabilities Management (PSALM) Corporation from additional borrowings this year....
PSALM declares successful sale for decommissioned Sucat power plant
The Riverbend Consolidated Mining Corporation submitted the highest offer for the sale of the structures, plant equipment, auxiliaries and accessories of the decommissioned 850-megawatt Sucat Thermal Power Plant in Muntinlupa City on an "as is, where is" basis, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported on Wednesday, 31 May 2017....
ERC approves PSALM’s petitions for cost adjustments covering prior years
The Energy Regulatory Commission (ERC) has given its go signal to the Power Sector Assets and Liabilities Management (PSALM) Corporation to effect the approved cost adjustments relative to fuel, purchased power and foreign exchange-related costs incurred in the operation of its power plants way back in 2007 until 2014....