Emmanuel R. Ledesma, PSALM Dismissed
ArthurS. Defensor vs. Emmanuel R. Ledesma, et.al.
A complained filed on10 November 2014 with the Office of the Ombudsman by Arthur S. Defensor against Emmanuel R. Ledesma, Sr. (in his capacity as President of PSALM), the members of the Bids and Awards Committee and KYGTI and docketed as OMB-C-C-14-0513& OMB-C-A-14-0344. Complainant alleged that KYGTI was not technically, financially and legally qualified to undertake the project that the bidding was rigged to favor him. The Ombudsman dismissed these cases in its Joint Resolution dated 15 July 2016 and ruled that the bidding process was not rigged. The fact that KYGTI was able to complete the oil spill clean up refutes complainant’s charges that is was not qualified to undertake the project.
You might Also Like
PSALM Extends Supply Contract With Meralco For Another Year
GOVERNMENT-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) said recently that it will extend its transition supply contract (TSC) with the Manila Electric Co. (Meralco) for another year.PSALM said in a statement the TSC will lapse after a year or three months after the introduction of the open access and retail competition system, whichever comes earlier, subject to the approval of the Energy Regulatory Commission (ERC).Read More
PSALM eyes more asset sales to lower universal charge
MANILA, Philippines - The Power Sector Assets and Liabilities Management Corp. (PSALM) will push for the sale of the remaining major assets of the National Power Corp. (Napocor), including the Unified Leyte geothermal power plants, this year to bring down the universal charge (UC) to be collected from consumers.Read More
Ledesma to push hard in bringing down Universal Charge
The Power Sector Assets and Liability Management (PSALM) Corporation is actively seeking ways to further bring down the Universal Charge (UC) imposed on electricity consumers. PSALM filed on 28 June 2011 with the Energy Regulatory Commission (ERC) its UC application for stranded debt (SD) and stranded contract costs (SCC) at Php0.0313 per kilowatt-hour (kWh) and Php0.3666/kWh, respectively. If approved by the ERC, the UC will be an additional item in the electricity bill to be shouldered by consumers.Read More