THE Department of Energy (DOE) on Wednesday warned of a possible power rate hike if the court order for the garnishment of Power Sector Assets and Liabilities Management (PSALM) funds is carried out.
The sheriffs of the Regional Trial Court (RTC)-Quezon City (QC) Office of the Clerk of Court and Ex-officio Sheriff earlier issued notices of garnishment to PSALM’s banks, customers, and other energy industry partners.
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