State-run Power Sector Assets and Liabilities Management Corp. will curtail power supply to Maguindanao Electric Cooperative Inc. and cut supply to Lanao del Sur Electric Cooperative Inc. on May 26 for failure to settle over P16 billion in unpaid electricity bills.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) wants to trim down further its financial obligations by implementing cost-cutting measures while increasing revenue collection, the Department of Finance (DOF) said. In a statement, Irene Joy Besido Garcia, PSALM president an
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is seeking Energy Regulatory Commission' (ERC) approval on the contracts for supply of electric energy (CSEE) and letters of agreements (LOAs) that it had entered into with power distribution utilities (DUs) in the Visayas