TRO stops Razon firm from taking over Iloilo City’s power distribution
Credit to Author: cmiranda| Date: Wed, 13 Mar 2019 07:22:14 +0000
ILOILO CITY — The Mandaluyong Regional Trial Court has issued a temporary restraining order stopping a Razon-controlled company from operating as Iloilo City’s new power distributor.
In a five-page order dated March 12, the Mandaluyong RTC Branch 209 issued a 20-day TRO barring More Power Corp. from expropriating the distribution assets of the Panay Electric Company upon payment of Peco of a bond of P5 million.
The TRO is in relation to the petition for declaratory relief filed by Peco against More Power, the Energy Regulatory Commission and the Department of Energy.
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