PSALM steadfast in its mission as it marks its 10th anniversary
Power Sector Assets and Liabilities Management (PSALM) Corporation President and Chief Executive Officer, Emmanuel R. Ledesma, Jr., assured its stakeholders that PSALM will continuously strive to fulfill its core mandates under the Electric Power Industry Reform Act (EPIRA).
The assurance was made during PSALM's Stakeholders' Night held on 29 June 2011 to celebrate its 10 years of existence since...
PSALM privatizes the Naga Complex
The Power Sector Assets and Liabilities Management (PSALM) Corporation, in line with its continued efforts to bring down the Universal Charge, resumed the power privatization program with the commencement of a new round of bidding for the appointment of an Independent Power Producer Administrator (IPPA) to manage the contracted capacity of the Naga Power Plant Complex.
The Naga Complex consists...
Ledesma to push hard in bringing down Universal Charge
The Power Sector Assets and Liability Management (PSALM) Corporation is actively seeking ways to further bring down the Universal Charge (UC) imposed on electricity consumers. PSALM filed on 28 June 2011 with the Energy Regulatory Commission (ERC) its UC application for stranded debt (SD) and stranded contract costs (SCC) at Php0.0313 per kilowatt-hour (kWh) and Php0.3666/kWh, respectively. If approved...
PSALM sets the Universal Charge
The Universal Charge (UC) that the Power Sector Assets and Liabilities Management (PSALM) Corporation will file with the Energy Regulatory Commission (ERC) on 28 June 2011 amounts to PhP0.39 per kilowatt hour (kWh).
PSALM determined the final amounts for the UC-stranded debt (UC-SD) at PhP0.03 per kWh to be collected over a 15-year recovery period and UC-stranded contract costs (UC-SCC) at PhP0.36...
Pilipinas Shell, Petron to supply PSALM's fuel needs for 2nd semester
Pilipinas Shell Petroleum Corporation and Petron Corporation will supply the industrial fuel oil (IFO) requirements of the Power Sector Assets and Liabilities Management (PSALM) Corporation for the second half of 2011. After completing the bid evaluation and the post qualification process, PSALM, in a resolution issued by its Bids and Awards Committee for Fuel, declared Pilipinas Shell's offer of...