11 months Malampaya fund seen to pay for PSALM debts MB
By Hannah Torregoza The measure seeking to use a portion of the Malampaya collection to defray a looming increase in electricity prices has hurled second reading in the Senate. Senate Bill No. 1950, which is now under Committee Report 426, is expected to be passed soon on third and final reading and enacted into law. The Malampaya gas field uses an innovative and sustainable deepwater technology for recovering natural gas from the deepwater reservoir in northwest Palawan. (Image from shell.com.ph | Manila Bulletin File Photo) The bill aims to address increases in electricity prices that caused by stranded power sector ... more