A REGIONAL trial court has prevented state-run Power Sector Assets Management (Psalm) Corp. from terminating the Independent Power Producer Administration Agreement (IPPAA) between it and South Premiere Power Corp. (SPPC) covering the appointment of SPPC as the IPP administrator of the Ilijan power plant in Batangas.

In a disclosure to the Philippine Stock Exchange (PSE), San Miguel Corp. (SMC) said the Mandaluyong RTC Branch 209 has issued a temporary restraining order (TRO) enjoining PSALM from terminating the IPPAA contract it entered into with SPPC.

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