Two decades after the government let go of generating power, it’s considering a return in order to boost power reserves in the wake of thin supply, especially during the peak months. In...
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) has pushed the deadline for the submission of offers for the 650-megawatt Malaya Thermal Power Plant (MTPP) to May 7 from April 23...
The Energy Regulatory Commission (ERC) rejected the motion for reconsideration sought by state-owned Power Sector Assets and Liabilities Management Corporation (PSALM) to recover a total of Php10.843 billion from consumers to pay...
Global credit rating firm Moody’s Investors Service has affirmed the Power Sector Assets and Liabilities Management Corporation’s (PSALM) credit profile with a “stable” outlook due to its “strategic importance to and strong...
Ayala-led AC Energy is one of five companies looking to purchase the 650-megawatt (MW) Malaya Thermal Power Plant (MTPP) via a negotiated sale. The government, through the Power Sector Assets and Liabilities...
San Miguel Corporation (SMC) said that it wishes to continue talks with the government even after its new condition regarding the advanced full settlement of its monthly payments for the 1,200-megawatt Ilijan...
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) has rejected the new condition recently imposed by SMC Global Power Holdings (SMCGPH) unit South Premiere Power Corporation (SPPC) for the ownership of...
The Energy Regulatory Commission (ERC) has revised the minimum financial capability standards for generation companies (gencos) after over a decade to ensure efficiency and financial performance in the country’s power sector. Based...
After nearly two decades, the National Power Corporation (NAPOCOR) has begun paying the back wages of former employees laid off in 2003 due to the implementation of Republic Act 9136 or the Electric...
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) said that it was able to reduce its debts in 2020, while cutting interest rates and improving collections. In a statement, PSALM reported...
