Newsroom
Year: 2010

PSALM responds to the issues raised by Mr. Herman Tiu Laurel of Daily Tribune, in his column dated 08 November 2010


This refers to Mr. Herman Tiu Laurel's Diehard III column titled "After Meralco, it's WESM's turn" that was published in your newspaper on 08 November 2010. There is no basis for Mr. Laurel's claim that the Power Sector Assets and Liabilities Management (PSALM) Corporation maintains a tacit modus operandi" with the Wholesale Electricity Spot Market "to alternately petition for, approve, and implement...

PSALM eyes peso bonds in 2011 to settle maturing debts


The Power Sector Assets and Liabilities Management (PSALM) Corporation is considering raising funds in pesos next year to settle the maturing debts of the National Power Corporation next year. PSALM President and CEO Emmanuel R. Ledesma Jr. disclosed that National Power's maturing obligations in 2011, inclusive of interest, amount to approximately USD1.2 billion. The amount consists of a USD200-million...

PSALM bucks claims of Samar lawmaker


The proceeds from the privatization of the power assets of the National Power Corporation have been used and continue to be used to settle the financial obligations of the government's generating firm as clearly stipulated in the provisions of the Electric Power Industry Reform Act (EPIRA). This was again emphasized by the Power Sector Assets and Liabilities Management (PSALM) Corporation as it...

PSALM responds to the issues raised by Mr. Conrado R. Banal III of the Philippine Daily Inquirer in his column dated 23 September 2010


The issues raised by Mr. Conrado R. Banal III in his Breaktime column titled "Sale with a kiss" contain inaccurate and misleading information. On the alleged sale of "the transmission lines of Napocor" The government, through the Power Sector Assets and Liabilities Management (PSALM) Corporation, never "sold the transmission lines of Napocor." Only the transmission business of the National...

PSALM: No investment with Lehman Brothers


The Power Sector Assets and Liabilities Management (PSALM) Corporation belied the claim of Eastern Samar Representative Ben Evardone that the privatization firm lost PhP100 million in its deal with an international investment company that went bankrupt in 2008. PSALM clarified that the deal it entered into with Lehman Brothers Special Financing Inc. (LBFSI) on 18 July 2007 was not an investment...




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