^
+ Follow DRIVERS AND MECHANICS ASSOCIATION Tag
DRIVERS AND MECHANICS ASSOCIATION
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1384872
                    [Title] => Power rates may increase only by 15¢ per kwh, if...
                    [Summary] => 

Electricity rates may increase by roughly 15 centavos per kilowatt-hour instead of a previous estimate of 26 centavos per kwh if the Power Sector Assets and Liabilities Management Corp. (PSALM) pass on the damages sought by former employees of National Power Corp. (Napocor) to electricity consumers.

[DatePublished] => 2014-10-27 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 1377597 [Title] => Korea’s K-Water eyes Angat hydro plant takeover [Summary] =>

Korean firm K-Water Resources Corp. is targeting to close the sale of the 218-megawatt Angat hydropower plant in Bulacan by the end of this month, a government official said yesterday.

[DatePublished] => 2014-10-08 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 1374216 [Title] => ERC seeks other ways of how PSALM can recover P62B [Summary] =>

The Energy Regulatory Commission (ERC) will look into whether the Power Sector Assets and Liabilities Management Corp. (PSALM) can recover P62 billion from power consumers in the form of higher universal charges.

[DatePublished] => 2014-09-29 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 1371618 [Title] => Angat sale closing delayed anew [Summary] =>

The closing of the sale of the 218-megawatt Angat hydropower plant in Bulacan to K-Water Resources Corp. of Korea has been delayed anew because of the garnishment slapped on the assets of National Power Corp. (Napocor).

[DatePublished] => 2014-09-22 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 1370646 [Title] => PSALM seeks recalculation of P62-B damages from Napocor suit [Summary] =>

The Power Sector Assets and Liabilities Management Corp. (PSALM), the government corporation tasked to privatize state-owned power assets, is seeking a recalculation of the P62 billion it has to pay to former employees of the National Power Corp. (Napocor).

[DatePublished] => 2014-09-19 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 1368096 [Title] => PSALM adjusts possible hike in universal charge due to class suit [Summary] =>

The Power Sector Assets and Liabilities Management Corp. (PSALM) has recalculated the possible increase in the universal charge if it is forced to settle up to P62 billion in damages from a class suit filed by the former drivers and mechanics of National Power Corp. (Napocor), the state-owned power company.

[DatePublished] => 2014-09-12 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 1367228 [Title] => P60.2-B Napocor class suit seen to shake up energy sector [Summary] =>

The P60.2-billion class suit filed against National Power Corp. (Napocor), the state-owned power generation company, is threatening to shake up the entire energy sector, its top official said.

[DatePublished] => 2014-09-10 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 1364682 [Title] => Add’l P0.5143/kwh rate hike seen due to Napocor suit [Summary] =>

Electricity rates may go up by an additional 51.43 centavos per kilowatt-hour if the Power Sector Assets and Liabilities Management Corp. (PSALM) is forced to settle up to P62 billion in damages from a law suit filed by former drivers and mechanics (DAMA) of the National Power Corp. (Napocor).

[DatePublished] => 2014-09-03 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/headlines/20140515/national-power-corporation-8.jpg ) [8] => Array ( [ArticleID] => 1362214 [Title] => Early power crisis looms as Napocor loses P60-B case [Summary] =>

The looming power shortage may happen sooner, after the Supreme Court ordered the National Power Corp. (Napocor), through the Power Sector Assets and Liabilities Management Corp. (PSALM) to pay P60 billion in damages after losing a class suit filed by its former drivers and mechanics.

[DatePublished] => 2014-08-27 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Headlines [SectionUrl] => headlines [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20140817/power-plant-2.jpg ) [9] => Array ( [ArticleID] => 1360601 [Title] => Napocor loses class suit filed by former drivers, mechanics [Summary] =>

The National Power Corp. (Napocor) has lost a class suit filed by former members of its Drivers and Mechanics Association (DAMA) and is being asked, through the Power Sector Assets and Liabilities Management Corp. (PSALM), to pay P60 billion in damages.

[DatePublished] => 2014-08-23 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with