Newsroom
Year: 2010

PSALM responds to the issues raised by Mr. Marlen V. Ronquillo of Manila Times in his column dated 25 August 2010


We refer to the article of Sunday Stories columnist Marlen V. Ronquillo titled "PSALM is now Napocor 11" (Manila Times, 25 August 2010), which highlighted certain issues raised by Eastern Samar Rep. Ben Evardone in a recent press briefing. At the outset, the Power Sector Assets and Liabilities Management (PSALM) Corporation welcomes an inquiry into the finances of National Power Corporation and...

PSALM responds to the issues raised by Mr. Ducky Paredes of Malaya, in his column dated 19 August 2010


We refer to the column of Mr. Ducky Paredes titled "Ben Evardone's crusade" (Malaya, 19 August 2010), which highlighted certain issues raised by Eastern Samar Rep. Ben Evardone in a recent press briefing. We wish to clarify that the proceeds collected by the Power Sector Assets and Liabilities Management (PSALM) Corporation from the privatization of the assets of the National Power Corporation are...

PSALM not milking WESM


The Power Sector Assets and Liabilities Management (PSALM) Corporation did not make a profit from its operations in the Wholesale Electricity Spot Market (WESM) to the detriment of Filipino consumers, contrary to claims in recent articles published in various newspapers. PSALM rebutted that in the past three years that the Corporation had been trading in the WESM, the tariff it collected for its...

PSALM books open to public scrutiny


The Power Sector Assets and Liabilities Management (PSALM) Corporation did not request confidentiality in its financial records, contrary to claims in news reports. PSALM was reacting to news reports attributing the confidentiality request to Energy Regulatory Commission (ERC) Executive Director Francis Juan. In the media reports, Atty. Juan clearly stated that PSALM requested confidentiality only...

Privatization proceeds intact - PSALM


Proceeds from the privatization of the assets of the National Power Corporation are intact and are not missing contrary to claims published in recent media reports. These proceeds have been used and continue to be used by the Power Sector Assets and Liabilities Management (PSALM) Corporation to service the financial obligations of National Power as stipulated in Republic Act No. 9136, the Electric...




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