PANAY ELECTRIC Company, Inc. (PECO), which has re-filed an application before Congress for the renewal of its franchise to distribute power in Iloilo City, has questioned the capability of its competitor, MORE Electric and Power Co. (MORE Power), to set up its own network.
THE ILOILO Regional Trial Court (RTC) Branch 37 has denied the motion for reconsideration filed by Panay Electric Company, Inc. (PECO) against the hearings on the expropriation case filed by More Electric and Power Corp. (MORE Power).
MORE Electric and Power Co. (More Power), which is poised to take over the power distribution in Iloilo City, has signed another interim power supply agreement (PSA) with one of the country’s largest power producers, Aboitiz Power Corp.
MORE ELECTRIC and Power Co. (MORE Power) has started ground preparations for taking over the electricity distribution service in Iloilo City despite pending court cases, while its top official said they are very open to an amicable settlement with competitor Panay Electric Co., Inc. (PECO).
ILOILO CITY — The legal battle for power distribution in Iloilo City continues as More Electric and Power Co. (MORE Power) filed on Monday an expropriation case to acquire the assets of current distributor Panay Electric Co., Inc. (PECO).