ILOILO CITY — The Panay Electric Company (Peco) has appealed a Supreme Court decision that affirmed provisions of the law granting its rival More Power Electric Corp. (More Power) the authority to expropriate its distribution assets.
In a 37-page motion for reconsideration filed on December 11 through its counsels under the Divina law firm, Peco called on the high court to “take a second hard look at the unprecedented circumstances of the case, not to mention the far-reaching legal implications” of the court’s decision.
It argued among others that only the government has the right to expropriate Peco’s property if the government decides to operate and maintain the electric distri…
Keep on reading: Peco seeks reversal of SC decision over control of Iloilo City’s power distribution system