Senator questions unremitted dividends of PSALM

THE Chairman of the Senate Committee on Energy has called for a Senate inquiry into the non-remittance by the Power Sector Assets and Liabilities Management Corporation (PSALM) of P27.28 billion in dividends owed to the national government over the past decade.

“PSALM must provide a detailed accounting of its liabilities to the national government and give a satisfactory explanation as to why it has not complied with its clear-cut responsibilities under the law for more than a decade now,” Senator Sherwin Gatchalian, said on Monday after filing Senate Resolution 234 calling for an inquiry by his committee.