PSALM
Franz Justin Salomon is currently serving as a Senior Finance Analyst at Power Sector Assets and Liabilities Management Corporation. Prior to this role, Franz worked as a Finance Analyst A and HR Analyst B at the same company. Franz Justin also gained experience as an Associate at PwC Philippines. Franz holds a Bachelor of Science degree in Accountancy from Chiang Kai Shek College and a Bachelor of Science degree in Management Accounting from the University of Santo Tomas - Alfredo M. Velayo College of Accountancy.
PSALM
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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.