In electric power, upstream oil & gas: portion of the projected cash flow deficit of the PSALM corresponding to the stranded contract costs and stranded debts as defined under the Act for a budget year. The anticipated shortfall shall be calculated by the PSALM subject to verification and confirmation by its Board [Section 4.2, DOE-DOF Joint Circular No. 1, Series of 2020, The Implementing Rules and Regulations of Republic Act No. 11371, An Act Reducing Electricity Rates by Allocating a Portion of the Net National Government Share from the Malampaya Natural Gas Project for the Payment of the Stranded Contract Costs and Stranded Debts” otherwise known as the “Murang Kurtyente Act’]
