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....
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....
Dismantling of Sucat plant to pave the way for a potential development project
Talks are underway for potential projects that may rise in the Sucat Thermal Power Plant (STPP) site in Muntinlupa City after the impending removal of the plant structures, the Power Sector Assets and Liabilities Management (PSALM) Corporation disclosed....