The Department of Finance (DOF) has ordered the Power Sector Assets and Liabilities Management Corp. (PSALM) to cut off electricity supply to Maguindanao Electric Cooperative
The Power Sector Assets and Liabilities Corp. (PSALM) is seeking the payment of P15 billion worth of overdue electricity bills from two cooperatives and a private firm owned by the family of Sen. Sherwin Gatchalian.
Therma Power Visayas Inc., a subsidiary of Aboitiz Power Corp., has assumed control of the Naga power plant complex in Cebu.
The Energy Regulatory Commission (ERC) has cleared state-run Power Power Sector Assets and Liabilities Management Corp.’s (PSALM) move to pass on to consumers the financial obligations of the National Power Corp. (NPC) amounting P37 billion through the universal charge (UC).
