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Two of the largest electric cooperative (EC) groups in the country said on Wednesday that the Power Sector Assets and Liabilities Management Corp or PSALM “must be made to explain its ballooning debts” that have a direct bearing on renewed proposals to hike electricity prices. In a hearing before the Senate Energy Committee last Tuesday, […]
The Senate Committee on Energy is studying the possibility of using the ₱204 billion Malampaya Fund to reduce the universal charge (UC) paid by end-consumers on their monthly electricity bills, which could result in household savings as high as ₱2,033.76 annually. The committee took up Senate Bill No. 924, authored by Senate President Pro-Tempore Ralph […]
Senate President Aquilino “Koko” Pimentel III said that the members of the Senate would exhaust all efforts to find a “reasonable middle ground” with their counterparts from the House of Representatives in order to restore funding for three government agencies that were given a budget of 1,000 pesos each: the Commission on Human Rights (CHR), […]