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By William B. Depasupil
Reporter
THE last remaining legal obstacle
to the state-run Power Sector Assets and Liabilities Management
Corp.’s (PSALM) recent bidding and awarding for the 25-year
concession of electric grid operator National Transmission Corp. (TransCo)
is finally over.
This came following the decision
of a disqualified bidder, the La Costa Development Corp., to
withdraw its petition before the Supreme Court. The firm’s
petition assailed the ruling of a Makati Regional Trial Court that
dismissed its complaint questioning its disqualification by the
PSALM from participating in the TransCo bid held in December last
year.
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