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Meralco switches on new substations in Taguig City - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Luminisce: The country's House of Pico - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
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.
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 ....