Jun 17, 2019 @ 14:06
Iloilo City court denies Peco plea to stop proceedings
The Iloilo City Regional Trial Court (RTC) will continue tackling the expropriation case against Panay Electric Company (Peco), denying its plea for the suspension of proceedings.
In a recent order, Branch 37 Judge Victor Gelvezon set on July 2 the continuation of hearings on More Electric and Power Corporation’s application for writ of possession to take over Peco’s power distribution assets.
The court rejected Peco’s argument that it should wait first for the Supreme Court (SC) to resolve a petition to transfer the case to Metro Manila.
Peco argued that the case had been controversial and local media commentaries could affect the Iloilo City court’s decision.
Peco was the longtime power distribution utility in the city, but President Rodrigo Duterte signed into law Republic Act Number 11212 which gave the franchise to More Power.
The Energy Regulatory Commission (ERC) in May issued a provisional certificate of public convenience and necessity (CPCN) that allowed Peco to continue its services while it remained entangled in various legal disputes with More Power.