PSALM refutes SPPC’s claim that it learned of its payables from media
The Power Sector Assets and Liabilities Management Corporation (PSALM) transmitted monthly invoices to San Miguel Corp.’s South Premiere Power Corporation (SPPC) and sent a number of demand letters, contrary to SPPC’s allegations that it did not receive any. ...
PSALM: San Miguel’s payables are based on the bid it submitted for the Ilijan plant
The payables of San Miguel’s South Premiere Power Corporation (SPPC) as computed by the Power Sector Assets and Liabilities Management Corporation (PSALM), are based on the bid that San Miguel offered to PSALM in 2010 for the Ilijan Power Plant. PSALM refutes SPPC’s claim that it has no payables due to PSALM considering it already remitted P314.6 billion. Notwithstanding such remittance, SPPC still owes PSALM P23.94 billion....
The Power Sector Assets and Liabilities Management Corporation (PSALM) held a pre-bid conference on 13 February 2020 as part of the third round of bidding for the privatization of the 650-megawatt Malaya Thermal Power Plant (MTPP) and its underlying land. MTPP is located in Pililla, Rizal....
PSALM to stop collecting UC-SCC of PHP0.0543/kWh starting February 2020
The Power Sector Assets and Liabilities Management Corporation (PSALM) will cease collecting the PHP0.0543 per kWh Universal Charge for Stranded Contract Costs (UC-SCC) effective February 2020. This is a relief to power consumers all over the country as they are no longer going to be charged the UC-SCC. This translates to a reduction of PHP5.43 for every 100 kWh of electricity consumption. ...
PSALM adjusts bid date for Malaya plant and its underlying land
In view of the enhanced community quarantine throughout Luzon to avert the spread of COVID-19, the Power Sector Assets and Liabilities Management Corporation (PSALM) has adjusted the deadline for the submission of bids for the Third Round of Public Bidding for the Malaya Thermal Power Plant (MTPP) and its underlying land from 30 April to 19 May 2020 at 12 noon....