The board of the Power Sector Assets and Liabilities Management Corp. on Wednesday elected former Aboitiz Power Corp. executive Dennis de la Serna as its president and chief executive.
The appointment followed the release by Malacañang of his appointment as acting president and chief executive of PSALM and board member on Sept. 15.
PSALM said in a statement de la Serna would lead the agency in optimizing the proceeds from the sale of power generation and real estate assets, settling the outstanding financial obligations and liabilities of PSALM, and administering the universal charge.
The company said de la Serna brings years of experience working in the power industry with vast exposure to regulatory, contract management, financial modeling, and valuation.
He has over two decades of expertise in the Philippine energy sector and supervised PSALM’s universal levy, tariff, and financial valuation department from 2002 to 2008.