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                    [ArticleID] => 204035
                    [Title] => New deal with Mirant to save government $387-M
                    [Summary] => The government hopes to save $277 million to $387 million under a new agreement between the government, the Power Sector Assets and Liabilities Management Corp. (PSALM) and Mirant Corp. approved recently by the Cabinet. 


Documents obtained from the Department of Finance (DOF) show that the Cabinet approved the contracts under the General Framework Agreement after the Investment Coordination Committee of the Cabinet validated the provisions for Mirant’s Sual and Pagbilao power plants. 


                    [DatePublished] => 2003-04-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 158126
                    [Title] => PSALM, SPCC near accord on power deal
                    [Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) is finalizing the termination of the power purchase agreement (PPA) with San Pascual Cogeneration Co. (Philippines) Ltd. (SPCC).


In a faxed message addressed to PSALM president Edgardo Del Fonso dated April 4, a copy of which was obtained by reporters, SPCC’s partner San Pascual Cogeneration Co. International B.V. (SPCCI) officials Patrick R. Hale and Byron G. Wong have indicated willingness to terminate the PPA pending resolution of some terms and considerations.


                    [DatePublished] => 2002-04-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 151063
                    [Title] => PSALM, Enron Power set to firm up buyout contract
                    [Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) said it is likely to firm up soon a buyout contract with Enron Power Corp., the local subsidiary of US-based Enron Corp., which had recently declared bankruptcy.


Although PSALM president Edgardo Del Fonso described the talks with Enron as "still up in the air," he said the two parties have agreed on "a specific formula of payment."


                    [DatePublished] => 2002-02-18 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 149855
                    [Title] => US power giant eyes RP assets of Enron
                    [Summary] => MidAmerican Energy Holdings, the mother company of CalEnergy Co., Inc., has expressed interest in Enron Power Corp., the Philippine subsidiary of US-based Enron Corp., which has filed for bankruptcy protection...
                    [DatePublished] => 2002-02-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 147936
                    [Title] => No rush to buy Enron Power – Perez
                    [Summary] => Energy Secretary Vincent S. Perez said yesterday there is no pressure for government to buy out the National Power Corp.’s contracts with Enron Power Corp.


In an interview, Perez said that although the Department of Energy (DOE) is hopeful that the Power Sector Assets and Liabilities Management Corp. (PSALM) could close a deal with Enron Power within this month, there are some conditions that have to be met before an agreement could be reached.


"We hope we could come to an agreement, if we could get the condition that we wish," he said.


                    [DatePublished] => 2002-01-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                    [SectionUrl] => business
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ENRON POWER

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                    [ArticleID] => 204035
                    [Title] => New deal with Mirant to save government $387-M
                    [Summary] => The government hopes to save $277 million to $387 million under a new agreement between the government, the Power Sector Assets and Liabilities Management Corp. (PSALM) and Mirant Corp. approved recently by the Cabinet. 


Documents obtained from the Department of Finance (DOF) show that the Cabinet approved the contracts under the General Framework Agreement after the Investment Coordination Committee of the Cabinet validated the provisions for Mirant’s Sual and Pagbilao power plants. 


                    [DatePublished] => 2003-04-28 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 158126
                    [Title] => PSALM, SPCC near accord on power deal
                    [Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) is finalizing the termination of the power purchase agreement (PPA) with San Pascual Cogeneration Co. (Philippines) Ltd. (SPCC).


In a faxed message addressed to PSALM president Edgardo Del Fonso dated April 4, a copy of which was obtained by reporters, SPCC’s partner San Pascual Cogeneration Co. International B.V. (SPCCI) officials Patrick R. Hale and Byron G. Wong have indicated willingness to terminate the PPA pending resolution of some terms and considerations.


                    [DatePublished] => 2002-04-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                    [URL] => 
                )

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                (
                    [ArticleID] => 151063
                    [Title] => PSALM, Enron Power set to firm up buyout contract
                    [Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) said it is likely to firm up soon a buyout contract with Enron Power Corp., the local subsidiary of US-based Enron Corp., which had recently declared bankruptcy.


Although PSALM president Edgardo Del Fonso described the talks with Enron as "still up in the air," he said the two parties have agreed on "a specific formula of payment."


                    [DatePublished] => 2002-02-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 149855
                    [Title] => US power giant eyes RP assets of Enron
                    [Summary] => MidAmerican Energy Holdings, the mother company of CalEnergy Co., Inc., has expressed interest in Enron Power Corp., the Philippine subsidiary of US-based Enron Corp., which has filed for bankruptcy protection...
                    [DatePublished] => 2002-02-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 147936
                    [Title] => No rush to buy Enron Power – Perez
                    [Summary] => Energy Secretary Vincent S. Perez said yesterday there is no pressure for government to buy out the National Power Corp.’s contracts with Enron Power Corp.


In an interview, Perez said that although the Department of Energy (DOE) is hopeful that the Power Sector Assets and Liabilities Management Corp. (PSALM) could close a deal with Enron Power within this month, there are some conditions that have to be met before an agreement could be reached.


"We hope we could come to an agreement, if we could get the condition that we wish," he said.


                    [DatePublished] => 2002-01-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

New deal with Mirant to save government $387-M

By Des Ferriols | April 28, 2003 - 12:00am

The government hopes to save $277 million to $387 million under a new agreement between the government, the Power Sector Assets and Liabilities Management Corp. (PSALM) and Mirant Corp. approved recently by the Cabinet....

Business

PSALM, SPCC near accord on power deal

By Donnabelle L. Gatdula | April 22, 2002 - 12:00am

The Power Sector Assets and Liabilities Management Corp. (PSALM) is finalizing the termination of the power purchase agreement (PPA) with San Pascual Cogeneration Co. (Philippines) Ltd. (SPCC). In a faxed message...

Business

PSALM, Enron Power set to firm up buyout contract

By Donnabelle L. Gatdula | February 18, 2002 - 12:00am

The Power Sector Assets and Liabilities Management Corp. (PSALM) said it is likely to firm up soon a buyout contract with Enron Power Corp., the local subsidiary of US-based Enron Corp., which had recently declared...

Business

US power giant eyes RP assets of Enron

By Donnabelle L. Gatdula | February 8, 2002 - 12:00am

MidAmerican Energy Holdings, the mother company of CalEnergy Co., Inc., has expressed interest in Enron Power Corp., the Philippine subsidiary of US-based Enron Corp., which has filed for bankruptcy protection....

Business

No rush to buy Enron Power – Perez

By Donnabelle L. Gatdula | January 22, 2002 - 12:00am

Energy Secretary Vincent S. Perez said yesterday there is no pressure for government to buy out the National Power Corp.’s contracts with Enron Power Corp. In an interview, Perez said that although the Department...

Business