Power

Court denies PECO appeal to retain Iloilo power facilities

The Regional Trial Court of Iloilo City has junked Panay Electric Co.’s (PECO) motion to stop bilyonaryo Enrique K. Razon Jr.’s More Electric and Power Corp. (MORE) from taking over the distribution assets of PECO.

In an order dated July 2, RTC branch 23 Judge Emerald Requina-Contreras said PECO’s franchise had already expired in January 2019 and that the Energy Regulatory Commission had granted the provisional certificate of public convenience and necessity to MORE.

“Defendant PECO should know this better as this has been what they have been invoking and the very reason why the court crafted the addendum,” the court said.

Among the assets identified for expropriation are the Baldoza-La Paz substation (land including all machineries and improvements, buildings), General Luna substation (machinery), Tabuc Suba, Jaro substation (land, machinery), Bolilao, Mandurriao substation (land, buildings, and machinery), and Avanceña Street, Molo substation (land, and buildings, machinery).

Other assets include those directly used in the electric distribution services in Iloilo City, such as consumers’ electric meters, poles, transformers, transmission and distribution equipment composed of primary and secondary lines on the streets of Iloilo City, and service vehicles and equipment used directly in the distribution, maintenance and troubleshooting activities, among others.

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