PSALM
Jedidiah Borinaga is a financial analyst at Power Sector Assets and Liabilities Management Corporation since October 2022, bringing valuable experience from a previous role as an accounting associate at Sampaga Pinpin-Sampaga Consulting Group Co. from September 2018 to October 2022. Jedidiah holds a degree from the National College of Business and Arts, where studies were completed from June 2014 to April 2018.
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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.