- About PSALM
- Corporate Philosophy
- List of Officials
- Board of Directors
- PSALM Management Team
- Approved Budget and Targets
- Modifications made pursuant to the general and special provisions in the FY 2018 GAA (Not Applicable)
- Procurement Documents
- Annual Procurement Plan (Non - CSE)
2022 › 2021 › 2020 › 2019 › 2018 › 2017 › 2016
- Indicative Annual Procurement Plan (Non - CSE)
2022 › 2021 › 2020 › 2019 (N/A)
- APP - Common-Use Supplies and Equipment (APP-CSE)
2023 › 2022 › 2021 › 2020 › 2019
- Procurement Monitoring Report
2022 › 2021 › 2020 › 2019 › 2018 › 2017 › 2016
- Agency Procurement Compliance and Performance Indicator(APCPI) 2021
- Annual Procurement Plan (Non - CSE)
- Major Projects, Programs and Activities, Beneficiaries, and Status of Implementation
- Annual Financial Reports
- Financial Statements
- Trial Balance
- Annual Reports on the status of Income Authorized by Law to be Deposited Outside the National Treasury (N/A)
- QMS ISO Certification
- System of Ranking Delivery Units and Individuals
2022 › 2021 › 2020 › 2019 › 2018 › 2017
- Agency Review and Compliance Procedure of Statements and Financial Disclosures
- Freedom of Information
National Budget Circular 542, issued by the Department of Budget and Management on August 29, 2012, reiterates compliance with Section 93 of the General Appropriations Act of FY2012. Section 93 is the Transparency Seal provision, to wit:
Sec. 93. Transparency Seal.
To enhance transparency and enforce accountability, all national government agencies shall maintain a transparency seal on their official websites. The transparency seal shall contain the following information:
- the agency's mandates and functions, names of its officials with their position and designation, and contact information;
- annual reports, as required under National Budget Circular Nos. 507 and 507-A dated January 31, 2007 and June 12, 2007, respectively, for the last three (3) years;
- their respective approved budgets and corresponding targets immediately upon approval of this Act;
- major programs and projects categorized in accordance with the five key results areas under E.O. No. 43, s. 2011;
- the program/projects beneficiaries as identified in the applicable special provisions;
- status of implementation and program/project evaluation and/or assessment reports; and
- annual procurement plan, contracts awarded and the name of contractors/suppliers/consultants.
The respective heads of the agencies shall be responsible for ensuring compliance with this section.
A Transparency Seal, prominently displayed on the main page of the website of a particular government agency, is a certificate that it has complied with the requirements of Section 93. This Seal links to a page within the agency's website which contains an index of downloadable items of each of the above-mentioned documents.
A pearl buried inside a tightly-shut shell is practically worthless. Government information is a pearl, meant to be shared with the public in order to maximize its inherent value.
The Transparency Seal, depicted by a pearl shining out of an open shell, is a symbol of a policy shift towards openness in access to government information. On the one hand, it hopes to inspire Filipinos in the civil service to be more open to citizen engagement; on the other, to invite the Filipino citizenry to exercise their right to participate in governance.
This initiative is envisioned as a step in the right direction towards solidifying the position of the Philippines as the Pearl of the Orient -- a shining example for democratic virtue in the region.
"A debt-free PSALM towards a competitive electric power industry through strategic asset privatization and financial management."
- Ensure the orderly privatization of PSALM's power and other disposable assets
- Optimally liquidate PSALM's financial obligations
- Efficiently administer the Universal Charge
The principal purpose of PSALM is to manage the orderly sale, disposition, and privatization of NPC generation assets, real estate and other disposable assets, and IPP contracts with the objective of liquidating all NPC financial obligations and stranded contract costs in an optimal manner.
DENNIS EDWARD A. DELA SERNA
- President and Chief Executive Officer
- Phone: (02) 902-9001
- Fax: (02) 739-52-79
- Email: firstname.lastname@example.org
Mr. Dennis Edward A. Dela Serna brings to PSALM years of experience working in the power industry with vast exposure to regulatory, contract management, financial modeling, and valuation. He is leading PSALM in optimizing the proceeds from the sale of its power generation and real estate assets, settling the outstanding financial obligations and liabilities of PSALM, and administering the Universal Charge, among other urgent matters besetting the Corporation.
Mr. Dela Serna has over two decades of expertise in the Philippine energy sector. He supervised PSALM's Universal Levy, Tariff, and Financial Valuation Department from 2002 to 2008. He worked with then PSALM President and CEO and current Secretary of the Department of Energy (DOE) Raphael Perpetuo M. Lotilla for a year during the initial implementation phase of the privatization program and the transfer of the National Power Corporation (NPC) tariff functions to PSALM and during Secretary Lotilla’s first tenure in DOE from years 2005 to 2007.
Prior to returning to PSALM, he held the positions of First Vice President of Regulatory Affairs at AboitizPower and Contracts Manager at AES Philippines.
He graduated from the Ateneo de Manila University with a degree in Management Economics and the Gabelli School of Business of Fordham University in New York City, USA with an MBA in Finance.
ARNOLD C. FRANCISCO
- Vice President, Privatization and Asset Management Group
- Email: email@example.com
Mr. Arnold C. Francisco has an extensive career in the electric power industry. He worked in the National Power Corporation (NPC) since 1989 until he became Principal Engineer several years later.
For 11 years, he assumed multiple roles related to NPC’s contract negotiation and administration on natural gas pipeline facilities, project management, treasury management and loan sourcing. Mr. Francisco also designed and recommended financial strategies to minimize forex risks and improve cash flow for NPC.
He transferred to PSALM in 2003, a time when the restructuring program for the power industry took off. As time would tell, his career grew well in the Corporation. In 2004, he became the Manager of the Electricity Trading Department (ETD). After serving the unit for six years, he was transferred to the IPP/IPPA Contracts Administration Department (IPP/IPPA CAD) as Corporate Staff Officer in 2010 until 2012. He ascended to the position of Manager in the same department two years later. In 2016, he was appointed as Vice-President for the Asset Management Group (AMG).
Mr. Francisco’s expertise has contributed largely to the achievement of PSALM’s twin mandate of asset privatization and liability management. His wide-ranging experience in financial management, contract implementation, privatization schemes and framework, and electricity trading has resulted in the attainment of the corporation’s objectives.
A licensed Civil Engineer, Mr. Francisco finished his bachelor’s degree at Baliuag University and his master’s degree in Business Administration from the same institution.
MANUEL MARCOS M. VILLALON II
- Vice President, Finance
- Email: firstname.lastname@example.org
Mr. Manuel Marcos M. Villalon II joined PSALM in 2004 as a consultant to the PSALM Finance Group and became the manager of the Loans Administration Division the following year. Prior to his appointment as Acting Vice President for Finance, he was the manager of the Treasury Department and acting manager of the Liability Management Department. In his first few years in PSALM, he was heavily involved in the PHP 200 billion debt absorption by the national government, valuation of power plants up which were up for sale and obtaining creditors’ consent – especially from the World Bank, Asian Development Bank and Japan Bank for International Cooperation – for the privatization of the National Power Corporation’s generation and transmission assets. His stint in PSALM also includes contracts management, policy research, power accounts management, WESM billing and settlement, and procurement.
Prior to joining the government service, he worked in the non-government sector promoting youth development and managing social projects benefitting the underprivileged focusing on health, nutrition, agricultural and technical education with the assistance of local and foreign volunteers. His stint in the NGO sector involved project/program development and management, fund raising, budgeting, cash management, and maintaining good relations with local and foreign donors. His other work experiences include journalism, advertising, marketing, investment promotion, and business-economic research.
Mr. Villalon has passed the Certified Treasury Professional examination of the Bankers Association of the Philippines’ Treasury Certification Program. He obtained his Economics degree from the Ateneo de Manila University and Master in Public Administration, major in Public Policy and Program Administration, from the University of the Philippines - National College of Public Administration and Governance. He is also a Career Executive Service eligible. He volunteers his free time in giving Math tutorials to public elementary school pupils.
MARIA ILYN G. ALBITO
- Officer-in-Charge, Legal and General Counsel
- Email: email@example.com
GLENN B. SANTOS
- Vice President, Corporate Services Group
- Email: firstname.lastname@example.org
Mr. Glenn B. Santos joined PSALM Corporation in August 2020, in the middle of the COVID-19 pandemic, as Department Manager of the Human Resources and Administration Services Department. He had since then been appointed as Acting Vice President of the Corporate Services Group.
As Acting Vice President, he exercises direct supervision and control over all matters related to human resources, administrative services and information and communications technologies. He is the Chairperson of the Single Bids and Awards Committee (SBAC), Career Development Committee (CDC) and Review and Compliance Committee (RCC), and he is also heavily involved in the Occupational Safety and Health Committee (OSHC), Employee-Management Committee (EMC), Performance Management Team and Human Resource merit Promotion and Selection Board (HRMPSB), among many others.
Having obtained his CS Professional Eligibility in 2000 and Career Executive Service Eligibility (CESE) in 2014, Mr. Santos has an extensive background in national and local government service. Prior his appointment to PSALM Corporation, he was a Deputy Administrator and Deputy Director General at two (2) other GOCCs. He also served as Municipal Councilor of LGU-Marilao, Bulacan from 1992 to 2001 and as Provincial Board Member of Bulacan from 2001 up to 2010.
He completed his Bachelor of Arts degree in Political Science and Juris Doctor degree in the University of Santo Tomas and San Sebastian College, respectively.