SC: Public bidding for PSAs a must

THE Supreme Court (SC) has ruled that all power-supply agreements (PSAs) of the government should undergo public bidding.

In a 10-2 decision dated Friday but released only on Monday, the high court said PSAs submitted by distribution utilities (DUs) to the Energy Regulatory Commission (ERC) on or after June 30, 2015 must undergo a competitive selection process (CSP).