In implementing the restructuring of the power sector, the EPIRA created the Power Sector Assets and Liabilities Management (PSALM) Corporation, a wholly-owned and -controlled government entity, to take over the ownership of all existing generation assets of the National Power Corporation (NPC), independent power producer (IPP) contracts, real estate, and all other disposable assets including the transmission business of the National Transmission Corporation. By the same token, PSALM assumed all outstanding obligations of NPC arising from loans, issuances of bonds, securities, and other instruments of indebtedness. The principal purpose of PSALM, as mandated by the EPIRA, is to manage the orderly sale and privatization of these assets with the objective of liquidating all of NPC's financial obligations in an optimal manner.

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PSALM

PSALM's headquarters in Quezon City, Philippines

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People (21)

Denise Isabel Guiao

Maricris Gomop-As

Vladimere Pulmones

Grace Cortes-Pardines

Abraham Linco

Claudine Mae Simbahan

Czarina Erica Ong

Jedidiah Borinaga

Danie James Honorio

Krishna Alice P.

Lora Mae Bunag

Sharmaine Mae Catabay

Franz Justin Salomon

Leandro Addun

Alessa Mae Entienza

Rose Angelica Mupas

Ricadette Rojas

Bryan Rovil Lagonoy

Renmark Chaluangco

Janus Chaz Bukuhan

Rosavilla Gipit

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