COA denies PSALM bonuses tucked into Universal Charge
The Commission on Audit (COA) denied that it reported that bonuses and expenses of the Power Sector Assets and Liabilities Management (PSALM) Corporation were tucked into PSALM's petition for Universal Charge for Stranded Debt (UC-SD) that the Corporation filed before the Energy Regulatory Commission (ERC).
In a letter to PSALM, State Auditor IV Gina Maria Molina, COA-PSALM Audit Team Leader, clarified...
IPPA proceeds to lower Universal Charge for stranded debts
Electricity consumers will benefit from the successful privatization of the contracted capacities of the National Power Corporation in independent power producer (IPP) plants through a lower Universal Charge for stranded debts (UC-SD) to be reflected in their monthly electricity bills.
The Power Sector Assets and Liabilities Management (PSALM) Corporation disclosed that the proceeds generated from...
Bonuses, night differentials, and consultancy fees not part
of Universal Charge - PSALM
The Power Sector Assets and Liabilities Management (PSALM) Corporation belied allegations that bonuses, night differentials, and consultancy fees were tucked into the Universal Charge (UC) applications it filed, saying the claims in media reports were wrong, baseless and malicious.
The news reports erroneously stated that PSALM's corporate expenditures that included bonuses, night differentials,...
PSALM receives ISO 9001:2008 certification
Complacency has no place in the Power Sector Assets and Liabilities Management (PSALM) Corporation.
After its substantial accomplishments in fulfilling its power privatization program, PSALM is now fortifying its technical capability to more efficiently implement its liability management mandate by further enhancing its work processes and systems.
PSALM continues to undertake important endeavors...
Clear as day, no hidden cost in UC - PSALM
There is no hidden cost in the petition for Universal Charge for Stranded Debt (UC-SD) filed by the Power Sector Assets and Liabilities Management (PSALM) Corporation with the Energy Regulatory Commission (ERC). Thus reiterated PSALM amid persistent inaccurate reports that performance incentives and compensation received by PSALM personnel were tucked into the UC-SD petition pending before the ERC. In...