A REGIONAL trial court has extended the temporary restraining order (TRO) it issued against the state-run Power Sector Assets and Liabilities Management Corp. (Psalm) in connection with the decision of Psalm terminating the Independent Power Producer Administrator (IPPA) Agreement with South Premiere Power Corp. (SPPC) over the 1,200-megawatt Ilijan combined cycle power plant.
In a disclosure to the Philippine Stock Exchange (PSE), San Miguel Corp. (SMC), parent of SPPC, said the TRO was extended by the Mandaluyong City Regional Trial Court (RTC) Branch 208 for another 17 days.
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