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Peco virtually loses legislative franchise

Peco virtually loses legislative franchise.....»»

Category: financeSource: thestandard thestandardOct 12th, 2018

New power distributor looms in Iloilo

Errors in billing and overcharging have led to a 1,000 percent increase in charges being collected from electricity consumers in Iloilo City, prompting many congressmen to act against renewing the franchise for the city's power distributor. Rep. Franz Josef Alvarez, chair of the House committee on legislative franchises, said the 1,000 percent increase in consumers' bills as a result of failure by Panay Electric Co. (Peco) to rationalize its billing system was just one of several acts of incompetence that convinced congressmen to reject an extension of Peco's franchise. Peco has been distributing power in Iloilo City for the past 90 years. Its franchise expires in January next year...Keep on reading: New power distributor looms in Iloilo.....»»

Category: newsSource:  inquirerRelated NewsOct 7th, 2018

PECO-MMC TUG OF WAR: Mayor to abide by Congress’ decision

MAYOR Jose “Joe” Espinosa III said he leaves it to the Congress to decide on what firm should distribute electricity in Iloilo City. Espinosa made the statement after the House of Representatives’ committee on legislative franchises endorsed the franchise application of More Minerals Corp. (MMC) as Iloilo City’s new power distributor. MMC’s application will have […] The post PECO-MMC TUG OF WAR: Mayor to abide by Congress’ decision appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsSep 29th, 2018

PECO DIVIDES CITY HALL: PECO stakeholders face House committee

Iloilo City is divided on the renewal of Panay Electric Company’s (PECO) franchise as seen in the hearing of the House Committee on Legislative Franchises held at the House of Representatives, Quezon City, Nov. 22, 2017. City government branches from the executive and legislative as well as the business sector presented different stands to the […] The post PECO DIVIDES CITY HALL: PECO stakeholders face House committee appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 22nd, 2017

SPLIT APPROACH: Council to present two position papers in PECO franchise hearing

THE Iloilo City Council, except for one member, is united in its stand to oppose the franchise renewal of the city’s sole power distributor, Panay Electric Company (PECO). But the council is divided on the way it will resist the franchise renewal in today’s hearing of House Bill 6023 by the House Committee on Legislative […] The post SPLIT APPROACH: Council to present two position papers in PECO franchise hearing appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 21st, 2017

BE PREPARED: ‘Don’t use PECO as propaganda, political factor’

BE PREPARED, be really prepared. This was the advice of Panay Electric Company (PECO) to persons who espouse to the public that the government can take over in case it loses its congressional franchise. “That is the biggest promise that we heard so far – the takeover. How is it going to be done? It […] The post BE PREPARED: ‘Don’t use PECO as propaganda, political factor’ appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 16th, 2017

‘ENOUGH IS ENOUGH’: Council wages all-out-war vs PECO

THE Sangguniang Panlungsod (SP) of Iloilo does not want another 25 years of service by Panay Electric Co. (PECO) the sole power distributor in the city. But before the body arrived in a “united” opposition to PECO’s application to renew its franchise before the House Committee on Legislative Franchises, the councilors were locked in a […] The post ‘ENOUGH IS ENOUGH’: Council wages all-out-war vs PECO appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 15th, 2017

‘Hear PECO’s franchise application in Iloilo City’

THE Iloilo City Council asked the House of Representatives to hold a public hearing in Iloilo City relative to the application for renewal of franchise of Panay Electric Company, Inc. (PECO). The body unanimously approved Nov 7, 2017 the resolution of Councilor Joshua Alim asking the House Committee on Legislative Franchises to hold its public […] The post ‘Hear PECO’s franchise application in Iloilo City’ appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 8th, 2017

‘USAP TAYO’: MORE Power hopes for smooth takeover

By: Emme Rose Santiagudo MORE Power and Electric Co. (MORE Power) President and CEO Roel Castro remains hopeful that they can sit down and talk with the existing power distributor in Iloilo City, Panay Electric Co. (PECO), after the Razon-led firm secured its franchise to distribute electricity in the city. Castro issued the statement after confirming […] The post ‘USAP TAYO’: MORE Power hopes for smooth takeover appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated News17 hr. 37 min. ago

Third telco’s start awaits Congress’ green light

MOVES to usher in the country’s third major telecommunications service provider could face a slight delay, as the Department of Information and Communications Technology (DICT) awaits legislative clearance of the Mislatel Consortium’s franchise......»»

Category: financeSource:  bworldonlineRelated NewsFeb 18th, 2019

3rd bridge to ease traffic in Cebu, Mactan

I realized that we are already in the midst of February and a friend of mine from Iloilo City wanted to know “Who will take care of the power needs of 64,000 household and business consumers in Iloilo City when the franchise of Panay Electric Co. (PECO) expired in January 2019?”.....»»

Category: newsSource:  philstarRelated NewsFeb 11th, 2019

With trade talks heating up, young Lakers want answers

By Shaun Powell, NBA.com If it was LeBron James’ intention to change the mood in the Lakers’ locker room here in his first season in L.A., consider it a resounding success. The morale for a team that went 35-47 last season and missed the playoffs is indeed different. It’s more somber. After speaking with a number of players, their agents and other sources, the general consensus paint a picture of little joy, plenty of confusion and uncertainty, along with some anger and sense of betrayal. It’s all caused by the Lakers’ obvious and public pursuit of Anthony Davis and the players who unquestionably will be shipped out to New Orleans in exchange for the All-NBA forward if a trade happens before Thursday’s (early Friday, PHL time) deadline. None will speak on the record but it’s obvious the Davis issue is sensitive and weighing on most of the roster, especially the young core of Brandon Ingram, Josh Hart, Kyle Kuzma and Lonzo Ball. They wonder if their days in L.A. are numbered and also wonder what, if any, role LeBron has in determining who goes and who stays. Various reports have the Lakers offering up virtually everyone on the roster for Davis, along with multiple No. 1 picks. Clearly, the pace has changed for the Lakers. After saying last summer the Lakers are intent on building a team that will be a contender for years and not just in the short term, team president Magic Johnson’s timeline has accelerated if the proposed packages for Davis are true. And how can they not be? New Orleans wants a combination of young players and picks for a game-changing player such as Davis. The Lakers own no other assets. In the meantime, the Lakers, currently on a road trip, are dealing with turbulence and not necessarily while thousands of feet in the air. Michael Beasley and JaVale McGee had a verbal post-game exchange with coach Luke Walton two nights ago in Oakland after a loss to the Warriors, and although it wasn’t sparked by the Davis issue directly, the trade rumors are causing stress and perhaps pushing tempers as well. In the center of it all is LeBron. Davis has been represented since last fall by Klutch Sports, the agency created by LeBron and run by his business partner and close friend, Rich Paul. The LeBron link to a player agency has caused a degree of concern among other NBA general managers, who wonder if there’s a conflict of interest and if it’s a good look for the league. It also has rival agents suspecting that LeBron is involved in talks for Davis and at the very least serving as a sounding board for Magic and Laker executive Rob Pelinka. It wouldn’t be unreasonable for the Lakers to get LeBron’s hot take on this or any major decision involving personnel; that’s a perk enjoyed by a number of star players throughout the NBA, and has been for years. But: Following the Lakers’ victory over the Clippers last week when LeBron made his return after missing 17 games with a groin injury, he repeatedly expressed how thrilled he was to be back on the floor with "my guys” and that didn’t sit well with some of his teammates, according to their agents. Essentially, they’re not sure where they stand with LeBron in the Davis situation. And the young players appear too intimidated to confront LeBron and get clarity. There’s another issue at play here: Are the Lakers planning to surrender too much for Davis by gutting the team? If the Lakers are willing to part with their young core and at least two veterans to make the salaries match, who’s left to make them competitive with Davis and LeBron? The Pelicans, according to league sources, are insisting that any team wanting Davis must also take guard E’Twaun Moore and his contract in return. This will allow the Pelicans to get young players, multiple picks and salary cap flexibility in a single transaction. In a sense, Davis is indeed a franchise player — trading him might allow the Pelicans to remake their entire franchise. Davis reportedly gave the Pelicans other teams on a wish-list, yet those teams’ options appear limited. One is the Bucks, who lack promising young players, and given that Milwaukee is leading the East, their first-round pick won’t be attractive. Another is the Knicks, who won’t have defined assets until after the draft lottery in May when their place in the June draft will be revealed. If the Pelicans decide to wait until summer, that means they believe there’s a better deal waiting after the draft and free agency. That places urgency on the Lakers to get something done before Thursday. One way or another, whether he comes to the Lakers or stays in New Orleans at least for the next five months, Davis will bring some relief and help clear the air to a Lakers team that desperately needs it. Veteran NBA writer Shaun Powell has worked for newspapers and other publications for more than 25 years. You can e-mail him here or follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting. .....»»

Category: sportsSource:  abscbnRelated NewsFeb 5th, 2019

The Heat leader: Spoelstra passes Riley on Miami games list

By Tim Reynolds, Associated Press MIAMI (AP) — Erik Spoelstra still vividly remembers getting a short speech from his father, a sage piece of advice that came about a year into his time in the employ of the Miami Heat. “Don’t screw it up,” Jon Spoelstra said. Almost 25 years later, the mantra still applies. Erik Spoelstra coached his 850th game for the Heat on Wednesday night (Thursday, PHL time), passing team president and Hall of Fame coach Pat Riley for the most in franchise history. Spoelstra is only the 13th person to coach at least 850 games with one NBA franchise; it’s happened 14 times overall, with Don Nelson reaching that threshold with both Milwaukee and Golden State during his career. “My dad had been fired from a couple of different places and he knew the real NBA,” Spoelstra said. “He was saying it almost as such an exaggeration ... just find a way to hang on with this guy, this Hall of Famer. And I guess the lesson to that is, I’m still just trying to hang on, trying to work for him for as long as I possibly can.” New Orleans’ Alvin Gentry will coach his 1,000th career game Thursday (Friday, PHL time) when the Pelicans visit Oklahoma City, making him the 31st NBA coach to hit that milestone. Unless either Scott Skiles or Stan Van Gundy returns to an NBA sideline beforehand — they’ve coached 958 and 907 games, respectively — Spoelstra could be the next coach to join the 1,000-game club, sometime around the midpoint of the 2020-21 season. Heat guard Dwyane Wade has spent virtually his entire career around Spoelstra, who was an assistant under Riley until moving into the top spot for the 2008-09 season. That means he’s heard just about every quote Spoelstra has to offer over and over and over again, lines about “identity” and “competition” and insisting that in any circumstance “we have enough.” It took Wade a long time to understand why Spoelstra’s message rarely deviates from one year to the next. “He’s consistent,” Wade said. “If you’re a parent, you understand that my kids need consistency from me and my wife. They need routines, they need all these things. It’s the same thing. It’s a big day care that he has in that locker room and he’s consistent with his message and how we do things.” Among coaches with at least 10 years on the job, Spoelstra’s winning percentage — .595 — is eighth-best in NBA history. By the time this season ends, he should be in the top 30 for all-time wins. And he’s only 48, meaning his career might still have many, many more years left for him to add to his legacy. Plus, he realizes how fortunate he is to be in a place like Miami, where the leadership group led by Riley and managing general partner Micky Arison values stability. Among current NBA coaches, only San Antonio’s Gregg Popovich has been in his job longer than Spoelstra — who has seen 122 coaching changes in the league since Riley promoted him to the top spot on Miami’s staff. “This coaching profession is extremely dynamic,” Spoelstra said. “It’s complex and I’m very grateful to have this opportunity with such an incredible organization. You don’t have it in pro sports. That’s why I try to do my very best and try to grow and get better and reinvent every year because I don’t want to let them down.” That means he’s still listening to his dad’s suggestion, all these years later......»»

Category: sportsSource:  abscbnRelated NewsJan 24th, 2019

Franchise has ‘no teeth’, lawyer says

By: Emme Rose Santiagudo THE franchise of Iloilo City’s sole power distributor, Panay Electric and Co. (PECO) expired on January 19, 2019. While its rival firm MORE Power and Electric Co. (MORE Power) has already secured franchise from both the House of Representatives and the Senate, it is still waiting the signature of President Rodrigo Duterte. […] The post Franchise has ‘no teeth’, lawyer says appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 20th, 2019

DOE assures uninterrupted power supply in Iloilo City

By: Emme Rose Santiagudo THERE is nothing to fear on the power supply issue in Iloilo City despite the franchise issues of Panay Electric Co. (PECO) and MORE Power and Electric Co. (MORE Power), according to the Department of Energy (DOE). In its official statement, DOE Secretary Alfonso Cusi assured the Ilonggo consumers that no power […] The post DOE assures uninterrupted power supply in Iloilo City appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 18th, 2019

Peco assures no power disruption despite end of franchise

THERE will be no power disruption in the Iloilo area despite the end of the franchise of Panay Electric Co. (Peco), the Department of Energy (DoE) said on Friday......»»

Category: financeSource:  bworldonlineRelated NewsJan 18th, 2019

NO BLACKOUTS: MORE Power, PECO assures continuous power supply

By: Francis Allan L. Angelo and Emme Rose Santiagudo ON JANUARY 19, 2019, the congressional franchise of Iloilo City’s sole power distributor, Panay Electric Co. (PECO), will expire, raising fears of a massive blackout in the city. PECO’s franchise is vital since it is the legal basis for its existence and its supply contracts with […] The post NO BLACKOUTS: MORE Power, PECO assures continuous power supply appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 17th, 2019

Discredit

Just weeks from now, on Jan. 19, power distribution services in Iloilo City and environs will transfer from Panay Electric Company (PECO) to MORE Power Corp. Both chambers of Congress decided not to renew PECO’s franchise and award the same to MORE......»»

Category: newsSource:  philstarRelated NewsDec 27th, 2018

‘WE’RE HERE FOR ILONGGOS’: Global Power vows to serve Iloilo City amid PECO-MORE franchise dispute

THE sole power producer located in Iloilo City will continue to serve consumers whoever secures the congressional franchise to distribute electricity in the city. This was the assurance of Jaime T. Azurin, president of Global Business Power Corp. (GBPC), in a press conference on Dec 17, 2018. GBPC owns Panay Energy Development Corp (PEDC), which […] The post ‘WE’RE HERE FOR ILONGGOS’: Global Power vows to serve Iloilo City amid PECO-MORE franchise dispute appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 19th, 2018

House panel OKs franchise transfer to 3rd telco

The House of Representatives committee on legislative franchises yesterday endorsed the transfer of a telecommunications franchise to a third telecommunications company the government has chosen......»»

Category: newsSource:  philstarRelated NewsDec 11th, 2018

3rd telco faces franchise trouble before House panel

MANILA, Philippines – Legal matters led the House committee on legislative franchises to suspend its deliberations on the transfer and sale of the controlling interest of Mindanao Islamic Telephone (Mislatel). The panel was set to approve the transfer on Monday, December 10, to the winning 3rd telco player consortium of Dennis ........»»

Category: newsSource:  rapplerRelated NewsDec 10th, 2018