Just recently, the Iloilo City Government served Executive Order 71-2020 to Panay Electric Company. The order directs the ‘cancellation and revocation of the business permit’ issued to the city’s former distribution utility company.
The EO enumerates the following:
- The records available to the Iloilo City Government show that Panay Electric Company, Inc. does not have a legislative franchise and Certificate of Public Convenience and Necessity issued by the Energy Regulatory Commission.
- PECO has failed to submit the legislative franchise and Certificate of Public Convenience and Necessity issued by the Energy Regulatory Commission.
- Premised on the foregoing, the business permit issued in the name of Panay Electric Company, Inc. is hereby canceled and revoked pursuant to Section 254 (a) and 254 (i) in relation to Section 250 (A)(1), all of Iloilo City Tax Ordinance No. 2007-016.
- The Business Permits and Licensing Office together with the assistance of Public Safety and Traffic Management Office and the Philippine National Police is hereby directed to immediately serve a copy of this Order to Panay Electric Company Inc. at its business address.
It can be recalled that via Republic Act 11212, MORE Electric and Power Corporation was given a franchise to establish, operate, and maintain, for commercial purposes and in the public interest, a distribution system for the conveyance of electric power to the end-users in the City of Iloilo, Province of Iloilo, and ensuring the continuous and uninterrupted supply of electricity in the franchise area, signed into law February 14 and made effective March 6 of the same year.
It can also be recalled that Panay Electric Company was served with a ‘writ of possession’ issued by Judge Emerald Requina-Contreras of the Regional Trial Court Branch 23, allowing newcomer MORE Electric Company to take over PECO’s distribution assets.
Moreover, the Energy Regulatory Commission released an advisory (dated May 06) to all patrons naming More Electric and Power Corporation as the distribution utility of Iloilo City. In an order dated 05 March, the ERC granted MORE Electric and Power Corporation (MORE Power) a Provisional Authority to operate as a distribution utility in Iloilo City and formally revoked the provisional Certificate of Public Convenience and Necessity (CPCN) previously granted to Panay Electric Company (PECO).