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....
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 sets minimum bid price for CBK hydroelectric power plants
The Power Sector Assets and Liabilities Management (PSALM) Corporation announces that it has determined the minimum bid price (MBP) for the sale of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plants. This development is part of PSALM’s continuing efforts to implement its privatization program in accordance with the government’s policy to encourage private sector participation and optimize asset value....