October 24, 2022

PSALM seeks condonation of problematic receivables

By Myrna M. Velasco – October 23, 2022, 8:00 PM from Manila Bulletin State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is seeking the help of the national government (NG) for possible condonation of “swelling” debts of its problematic […]
July 6, 2022

PSALM’s financial obligations hit ₧342.6B at end-June

BY LENIE LECTURA – JULY 5, 2022 from Business Mirror THE financial obligations of the Power Sector Assets and Liabilities Management Corp. (PSALM) at end-June this year stood at P342.6 billion (around $6.185 billion at current exchange rates). In a […]
June 6, 2021

NEA seeks write-off of EC’s ‘worthless receivables’

By Myrna M. Velasco – June 4, 2021, 5:02 PM from Manila Bulletin The National Electrification Administration (NEA) is seeking write-off of the consumers’ “worthless receivables”, including those whose records have been destroyed or already impossible to be retrieved. In […]
December 13, 2019

PSALM tries to collect ₱11.5-B debts of Mindanao coops

By Myrna M. Velasco – December 12, 2019, 10:00 PM from Manila Bulletin State-run Power Sector Assets and Liabilities Management Corporation (PSALM), in coordination with the Department of Energy (DOE), is sorting out a strategy to collect ₱11.5 billion worth […]