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                (
                    [ArticleID] => 600647
                    [Title] => Recto tags PSALM perks as among culprits for skyrocketing power rates
                    [Summary] => 
Sen. Ralph Recto has blamed the performance bonuses, overtime pay and consultancy fees of state-run Power Sector Assets and Liabilities Management Corp. (PSALM)  as one of the reasons why power rates have been skyrocketing for the past nine years.
                    [DatePublished] => 2010-08-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 374270
                    [Title] => Governance problems hinder investments in power sector
                    [Summary] => 



Governance problems in the power sector have been identified as one of the major obstacles in attracting investments into the country, a local research and consultancy firm said.


In its latest economic review, Lazaro, Bernardo Tui & Associates Inc. (LBT) noted that foremost of these issues is the inability of the Power Sector Assets and Liabilities Management Corp. (PSALM) to sell the assets of the National Power Corp.


LBT also cited the recent controversy faced by PSALM at the wholesale electricity spot market (WESM).


                    [DatePublished] => 2006-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 364300
                    [Title] => Nasecore bats for Napocor spin-off
                    [Summary] => 



The creation of individual corporate entities for all the power plants of the National Power Corp. (Napocor) will make it attractive to prospective buyers and help stimulate healthy trading of electricity in the spot market, a consumer group said. 


The National Association of Electricity Consumers for Reforms (Nasecore) said independent power producers (IPPs) of Napocor and Manila Electric Co. (Meralco) should also be exempted from trading their capacities because these are already contracted and will only be a source of price distortions in the market. 


                    [DatePublished] => 2006-10-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 169899
                    [Title] => Mirant, Napocor team up to sell excess capacities
                    [Summary] => SUAL, Pangasinan – Mirant Philippines Corp. has tied up with the National Power Corp. (Napocor) for the marketing of both companies’ excess capacities.


Mirant Philippines vice president for corporate and external affairs Allan Paul M. Flake, in a press briefing here, said the joint venture provides for a 50-50 sharing in the selling of the power firms’ surplus energy.


                    [DatePublished] => 2002-07-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 135290
                    [Title] => Napocor earns P634M from 1-day sales scheme
                    [Summary] => State-owned National Power Corp. (Napocor) has reported that earnings from One-day Power Sales Program (ODPS) amounted to P634.02 million for the first eight months of 2001.


The January to August 2001 ODPS level was only 36 percent short of Napocor’s P1 billion year-end target.


But Napocor said that a minimal increase in energy sales was attained compared to August 2000.
                    [DatePublished] => 2001-10-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

NAPOCOR AND MANILA ELECTRIC CO

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                (
                    [ArticleID] => 600647
                    [Title] => Recto tags PSALM perks as among culprits for skyrocketing power rates
                    [Summary] => 
Sen. Ralph Recto has blamed the performance bonuses, overtime pay and consultancy fees of state-run Power Sector Assets and Liabilities Management Corp. (PSALM)  as one of the reasons why power rates have been skyrocketing for the past nine years.
                    [DatePublished] => 2010-08-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 374270
                    [Title] => Governance problems hinder investments in power sector
                    [Summary] => 



Governance problems in the power sector have been identified as one of the major obstacles in attracting investments into the country, a local research and consultancy firm said.


In its latest economic review, Lazaro, Bernardo Tui & Associates Inc. (LBT) noted that foremost of these issues is the inability of the Power Sector Assets and Liabilities Management Corp. (PSALM) to sell the assets of the National Power Corp.


LBT also cited the recent controversy faced by PSALM at the wholesale electricity spot market (WESM).


                    [DatePublished] => 2006-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 364300
                    [Title] => Nasecore bats for Napocor spin-off
                    [Summary] => 



The creation of individual corporate entities for all the power plants of the National Power Corp. (Napocor) will make it attractive to prospective buyers and help stimulate healthy trading of electricity in the spot market, a consumer group said. 


The National Association of Electricity Consumers for Reforms (Nasecore) said independent power producers (IPPs) of Napocor and Manila Electric Co. (Meralco) should also be exempted from trading their capacities because these are already contracted and will only be a source of price distortions in the market. 


                    [DatePublished] => 2006-10-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 169899
                    [Title] => Mirant, Napocor team up to sell excess capacities
                    [Summary] => SUAL, Pangasinan – Mirant Philippines Corp. has tied up with the National Power Corp. (Napocor) for the marketing of both companies’ excess capacities.


Mirant Philippines vice president for corporate and external affairs Allan Paul M. Flake, in a press briefing here, said the joint venture provides for a 50-50 sharing in the selling of the power firms’ surplus energy.


                    [DatePublished] => 2002-07-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 135290
                    [Title] => Napocor earns P634M from 1-day sales scheme
                    [Summary] => State-owned National Power Corp. (Napocor) has reported that earnings from One-day Power Sales Program (ODPS) amounted to P634.02 million for the first eight months of 2001.


The January to August 2001 ODPS level was only 36 percent short of Napocor’s P1 billion year-end target.


But Napocor said that a minimal increase in energy sales was attained compared to August 2000.
                    [DatePublished] => 2001-10-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Recto tags PSALM perks as among culprits for skyrocketing power rates

By Christina Mendez | August 9, 2010 - 12:00am

Sen. Ralph Recto has blamed the performance bonuses, overtime pay and consultancy fees of state-run Power Sector Assets and Liabilities Management Corp. (PSALM)  as one of the reasons why power rates have been...

Business

Governance problems hinder investments in power sector

By Donnabelle L. Gatdula | December 10, 2006 - 12:00am

Governance problems in the power sector have been identified as one of the major obstacles in attracting investments into the country, a local research and consultancy firm said. In its latest economic review,...

Business

Nasecore bats for Napocor spin-off

By Ted P. Torres | October 22, 2006 - 12:00am

The creation of individual corporate entities for all the power plants of the National Power Corp. (Napocor) will make it attractive to prospective buyers and help stimulate healthy trading of electricity...

Business

Mirant, Napocor team up to sell excess capacities

By Donnabelle L. Gatdula | July 28, 2002 - 12:00am

SUAL, Pangasinan – Mirant Philippines Corp. has tied up with the National Power Corp. (Napocor) for the marketing of both companies’ excess capacities. Mirant Philippines vice president for corporate and...

Business

Napocor earns P634M from 1-day sales scheme

October 1, 2001 - 12:00am

State-owned National Power Corp. (Napocor) has reported that earnings from One-day Power Sales Program (ODPS) amounted to P634.02 million for the first eight months of 2001. The January to August 2001 ODPS level...

Business