GBPC sees possible impact on operation with PECO franchise quandary

GLOBAL BUSINESS Power Corp. (GBPC), the largest energy producer in Iloilo City, is bracing for the possible impact on its operations should Congress decide not to renew distributor Panay Electric Company’s (PECO) franchise, which is due to expire in 2019. “Of course we will be affected. It’s a sensitive issue that we hope that Congress will be able to resolve soon,” GBPC President Jaime T. Azurin told the local media during a thanksgiving party at Richmonde Hotel Iloilo on Dec. 12. Mr. Azurin said the proposal for the local government to take over the power distribution in Iloilo City should Congress disapprove PECO’s franchise renewal would be a particularly challenging situation. — Louine Hope U. Conserva