PSALM
Lora Mae Bunag is currently working as a Trading Analyst at Power Sector Assets and Liabilities Management Corporation. Prior to this, Lora Mae served as an Energy Trader at EEI Energy Solutions Corporation and as a Marketing Associate at Developer of Electric Conveyances Corporation. Lora Mae also has experience as an English Tutor at RareJob Philippines, Inc. and as an Internship Trainee at Controlgear Electric Corporation. Lora Mae holds a Bachelor of Science degree in Electrical Engineering from the University of the Philippines Los Baños.
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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.