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Luminisce: The country's House of Pico - BusinessWorld Online

Luminisce: The country's House of Pico - BusinessWorld Online
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PSALM to review Diliman property dev't plan

State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will review the plan on the potential transformation of its Diliman property into a mixed-use complex that will cater to commercial establishments, office buildings and other premier development ventures.

According to ....

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Solon wants PSALM extended beyond 2026 to avoid fiscal woes

House of Representatives (File photo) MANILA - The chair of the House Committee on Energy on Friday pushed for the extension of the corporate life of the Power Sector Assets and Liabilities Management Corporation (PSALM) to avoid "serious fiscal consequences" for the government. Pampanga (2nd District) Representative Juan Miguel Arroyo said the government may have to shoulder PHP198 billion in debts from PSALM's liabilities unless its corporate life, which is expiring on June 26, 2026, is renewed. House Bill 10006 proposes to extend the government corporation's charter for another 50 years, or until June 26, 2076. "The government must not wait until the next administration to extend PSALM's corporate life," he said in a statement. Republic Act No. 9136, otherwise known as the Electric Power Industry Reform Act (EPIRA), was enacted in 2001 to ensure the solvency of then severely financially troubled National Power Corporation (NPC). PSALM, which was estab ....

Davao City , Fort Bonifacio , San Pedro Makati , Juan Miguel Arroyo , Joey Salceda , Means Committee , House Committee On Energy , National Power Corporation , Liabilities Management Corporation , House Committee , Power Sector Assets , Representative Juan Miguel Arroyo , Electric Power Industry Reform Act , Independent Power Producer , Representative Joey Salceda , Quezon City , Fort Bonifacio Global , House Of Representatives File Photo Manila The Chair Committee On Energy Friday Pushed For Extension Corporate Life Power Sector Assets And Liabilities Management Corporation Psalm To Avoid Quot Serious Fiscal Consequences Government Pampanga 2nd District Representative Juan Miguel Arroyo Said May Have Shoulder Php198 Billion In Debts From 39s Unless Its , Hich Is Expiring On June 26 , S Renewed House Bill 10006 Proposes To Extend The Government Corporation 39s Charter For Another 50 Years , R Until June 26 , 076 Quot The Government Must Not Wait Until Next Administration To Extend Psalm 39s Corporate Life , Uot He Said Ina Statement Republic Act No 9136 , Therwise Known As The Electric Power Industry Reform Act Epira , As Enacted In 2001 To Ensure The Solvency Of Then Severely Financially Troubled National Power Corporation Npc Psalm , Hich Was Established Through The Epira ,