TRO stops Razon firm from taking over Iloilo City's power distribution

TRO stops Razon firm from taking over Iloilo City’s power distribution

/ 03:22 PM March 13, 2019

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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TAGS: Iloilo City, Local news

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