January 3, 2018

Phinma Energy to withdraw lawsuit vs Psalm after Ippa deal terminated

By Lenie Lectura – January 2, 2018 from Business Mirror THE Power Sector Assets and Liabilities Management (PSALM) Corp. and Phinma Energy Corp. have agreed to terminate the Independent Power Producer Administrators (Ippa) agreement for the 40-megawatt (MW) strip of energy of […]
September 14, 2017

Phinma threatens lawsuit as Psalm terminates deal

By Lenie Lectura – September 11, 2017 from Business Mirror PHINMA Energy Corp. on Monday threatened to file a case against the Power Sector Assets and Liabilities Management Corp. (Psalm) for terminating the power contract to sell the output of a geothermal-power facility. […]
August 22, 2017

Still no decision from DOE on MTPP privatization plan

By Lenie Lectura – August 21, 2017 from Business Mirror The Department of Energy (DOE) is expected to inform the Power Sector Assets and Liabilities Management (PSALM) Board of its preference on how best to privatize the 650-megawatt (MW) Malaya […]
July 25, 2017

PSALM gets regulator’s nod to collect P37 billion from NPC

By Lenie Lectura – JULY 24, 2017 from Business Mirror THE Energy Regulatory Commission (ERC) has allowed the Power Sector Assets and Liabilities Management (PSALM) Corp. to collect from consumers a total of P37 billion, representing the stranded debts and stranded contract costs […]