Duterte admin bent on collecting P95-B debts of power firms, coops

Duterte admin bent on collecting P95-B debts of power firms, coops




The purge for those who have taken advantage of the government by not paying their correct taxes or those owing to the republic continues under the Duterte administration.
Presidential Spokesperson Salvador Panelo just announced that the Duterte government will continue to run after the billions of pesos worth of overdue payments which power companies and electric cooperatives owe the governmentnamely from South Premiere Power Corp. (SPPC), Northern Renewables Generation Corp., Filinvest Development Corp. (FDC) Misamis Power Corp., among others owe the state-owned Power Sector Assets and Liabilities Management Corporation (PSALM) debts amounting to some PHP95.42-billion.


“Basta may utang sa gobyerno, singilin natin kahit na sinong may utang. Malaking tao o hindi malaking tao. Malapit o hindi (As long as there are debts, the government will run after them. Whether they are powerful people or not, whether they are close to the President or not),” Panelo said in an interview 
(photo credit to owner)

PSALM is a government agency tasked by Congress under the Electric Power Industry Reform Act of 2001 to sell the assets of the defunct National Power Corp.
Panelo who is also the concurrent Presidential Legal Adviser, reiterates that there will be “no sacred cows” in government.
The House Committee on Good Government and Public Accountability and Committee on Public Accountshas been investigating on these companies and have ordered Solicitor General Jose Calida to attend the congressional hearings to provide the lawmakers in the committee with “pertinent documents,” including his office’s “Motion for Leave to Intervene,” in connection with the uncollected PHP14.97 billion and PHP315.42 million from the Manila Electric Company (Meralco) and First Gen Hydro Power Corporation.



“Wala namang masama sa pagdalo sa hearing,” Panelo said.
Spox Panelo said Palace will not stop Calida from attending the legislative investigation.
The House committees said one of the biggest unpaid debts is from SPPC, a subsidiary of San Miguel Global Power Corporation, which owes PSALM PHP23.4 billion.

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Report from PNA





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