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    Year: 2022

    DOF Press Release: PSALM cuts financial obligations by almost P183-B under Duterte administration

    22 Apr 2022


    The Power Sector Assets and Liabilities Management Corp. (PSALM) has trimmed to P355.2 billion its financial obligations as of end-2021 from close to P538 billion before President Rodrigo Duterte assumed office in 2016....

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    News Titles:

    • PSALM welcomes comments on the terms of the Casecnan Plant sale
    • New PSALM President and CEO named
    • SPPC’s payables to PSALM relative to the 1200MW Ilijan Power Plant
    • PSALM cuts financial obligations by P195-billion under Duterte administration
    • DOF Press Release: Government to effect power curtailment to MAGELCO, power cut to LASURECO for failure to settle over P16-B unpaid electricity bills
    • DOF Press Release: PSALM cuts financial obligations by almost P183-B under Duterte administration
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    GCG - Approved Restructuring Plan of PSALM Corproation

    >

    1. GCG Memorandum Order No. 2019-06 dated 20 May 2019;

    2. PSALM's clarificatory Letter and GCG's Response on the GCG-ARP (Part I); and

    3. PSALM's clarificatory Letter and GCG's Response on the GCG-ARP (Part II);

    Murang Kuryente Act


    1. Implementing Rules and Regulations of Republic Act No. 11371, "An Act Reducing Electricity Rates by Allocating Portion of the Net National Government Share from the Malampaya Natural Gas Project for the Payment of the Stranded Contract Costs and Stranded Debts" Otherwise Known as the "Murang Kuryente Act";

    2. FY 2021 Murang Kuryente Act Allocation ;