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PSALM's 10-year extension lapses into law
The Philippine Star
|April 25, 2025
A measure extending the corporate term of the Power Sector Assets and Liabilities Management Corp. (PSALM), the state-run firm that implements the privatization plan for the government's energy assets, has lapsed into law.
Republic Act 12179, which amended the Electric Power Industry Reform Act of 2001 (EPIRA), lapsed into law without President Marcos' signature last April 18.
Under the 1987 Constitution, the President has 30 days to sign a bill into law or to veto it. If the Chief Executive does not act on the measure within 30 days, the measure is considered enacted. A copy of the measure was published in a national broadsheet yesterday.
This story is from the April 25, 2025 edition of The Philippine Star.
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