Sep 16, 2020 @ 14:50
SC rules in favor of Razon’s MORE firm over Iloilo power distribution
Voting 8-6, the Supreme Court (SC) has decided in favor of billionaire Enrique Razon’s MORE Electric and Power Corp. (MORE) in a legal battle involving power distribution in Iloilo City.
“The Supreme Court En Banc ruled in favor of More Elelectric and Power Corporation in the following petitions: 1.) More Electric and Power Corporation vs. Panay Electric Company, Inc. (GR No. 248061) and 2.) Republic of the Philippines, More Electric and Power Corporation vs. Panay Electric Company, Inc. (GR No. 249406). In granting the petitions, the Supreme Court reversed the Judgment of the Regional Trial Court of Mandaluyong City Branch 209 in Civil Case No. R-MND-19-00571, and declared Section 10 and 17 of RA No. 11212 constitutional.”
” The vote was 8-6. The 6 justices who dissented were: J. (Marvic) Leonen, J. (Amy) Lazaro-Javier, J. (Henri) Inting, J. (Rodil) Zalameda, J. (Mario) Lopez, and J. (Samuel) Gaerlan. *J. (Priscilla) Baltazar-Padilla did not take part,” SC Public Information Office chief and concurrent spokesman Brian Keith Hosaka said.
The high court ruling overturned a decision by the Mandaluyong regional trial court which voided Section 10 and 17 of MORE’s franchise. Said sections will allow MORE to expropriate properties of the Panay Electric Company (PECO).
PECO and MORE have been embroiled in a protracted legal battle over the right to be Iloilo City’s power distribution utility.
In 2019, PECO’s congressional franchise expired, prompting lawmakers to award the franchise to MORE last year.
PECO went to court to question provisions in MORE’s franchise that would supposedly allow the Razon-owned firm to expropriate its assets.