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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

‘No politics in anti-PECO rally’

By: Emme Rose Santiagudo HUNDREDS of rallyists marched at Plaza Libertad in Iloilo City on November 26, 2018 to oppose the franchise renewal of Panay Electric Company (PECO) PECO. Noticeably, the protesters wore t-shirts of political bets Councilor Joshua Alim, Dr. Pacita Gonzalez, wife of the late justice secretary Raul Gonzalez Sr; and Councilor Plaridel Nava. […] The post ‘No politics in anti-PECO rally’ appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 30th, 2018

PECO refutes Enrique Razon claims

Panay Electric Co. has refuted claims of port and casino magnate Enrique Razon, saying these are exaggerated and misleading to mask his company’s bid to illegally take over the franchise to operate Iloilo’s power distribution......»»

Category: financeSource:  philstarRelated NewsNov 27th, 2018

Summing up fight for power franchise

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) expires in January 2019?.....»»

Category: newsSource:  philstarRelated NewsNov 27th, 2018

City Council hears MORE plans

By: Francis Allan L. Angelo and Emme Rose Santiagudo MEMBERS of the Iloilo City Council will officially hear and see today a detailed presentation of the plans and programs of MORE Electric and Power Corp. (MORE.) MORE is in the process of being granted a legislative franchise that would allow the company to own, develop, operate […] The post City Council hears MORE plans appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 25th, 2018

DOE to step in to assure Iloilo City power supply

The Department of Energy (DOE) vowed to take over the distribution of electricity in Iloilo City, should the feud between the existing distributor and a firm being given a new franchise to bring power to end users take a turn for the worse.   In an earlier interview, Energy Secretary Alfonso Cusi said the DOE might have to run the facilities owned by Panay Electric Co. (Peco) if it resisted the turnover of these to new company More Electric Power Corp. (More), which the House of Representatives gave a franchise to distribute power in Iloilo City.   Peco's franchise expires on Jan. 18, 2019.   Task force   Cusi said the DOE had already formed a ...Keep on reading: DOE to step in to assure Iloilo City power supply.....»»

Category: newsSource:  inquirerRelated NewsNov 24th, 2018

Billionaire opens up on Iloilo power feud

Billionaire ports operator Enrique Razon went public on Tuesday with guns blazing against a power distribution company, which one of his companies was fighting with, for the right to distribute electricity in Iloilo City.   In a statement, Razon shot back at Panay Electric Co. (Peco) over what he said was Peco's claims that one of Razon's companies, More, was not qualified to run an electric firm.   The billionaire is majority stakeholder of More, parent firm of More Electric Power Corp., which was the beneficiary of a franchise bill pending in Congress.   "We certainly never want to have the qualifications of Peco," Razon said in his statement.  ...Keep on reading: Billionaire opens up on Iloilo power feud.....»»

Category: newsSource:  inquirerRelated NewsNov 22nd, 2018

Government intervention looms in Iloilo power struggle

The government may step in to ensure continued power service in Iloilo amid the impasse between controversial utility firm Panay Electric Co. (PECO) and new franchise holder MORE Power and Electric Co., according to Energy Secretary Alfonso Cusi......»»

Category: financeSource:  philstarRelated NewsNov 22nd, 2018

House committee OKs TV5 franchise renewal

The House Committee on Legislative Franchises approved yesterday the renewal of the franchise of TV5 for 25 years......»»

Category: financeSource:  philstarRelated NewsNov 21st, 2018

Solon hits PECO& rsquo;s blackmail try on franchise bid

Solon hits PECO& rsquo;s blackmail try on franchise bid.....»»

Category: newsSource:  thestandardRelated NewsNov 20th, 2018

End PECO franchise, Duterte urged - The Manila Times

End PECO franchise, Duterte urged - The Manila Times.....»»

Category: newsSource:  googlenewsRelated NewsNov 20th, 2018

Councilors allay fears of blackout

AMID the power distribution war, residents of Iloilo City were told not to worry of the alleged looming city-wide power interruptions. Panay Electric Company (PECO), which for decades had been Iloilo City’s sole power distributor, earlier said it would stop operating in January 2019 if it fails to renew its congressional franchise to distribute electricity. […] The post Councilors allay fears of blackout appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 16th, 2018

Embattled firm determined to get franchise approval

By: Emme Rose Santiagudo PANAY Electric Company (PECO) is determined to retain the franchise to supply electricity to Iloilo City no matter the odds it faces. PECO corporate communications officer Mikel Afzelius said they are focused on securing their franchise renewal from Congress  for the sake of the continuous development of the city. “We want to […] The post Embattled firm determined to get franchise approval appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 15th, 2018

BIG FALSE LIE: PECO denies bribery try on barangay captains

By: Emme Rose Santiagudo PANAY Electric Company (PECO) confirmed asking support from Iloilo City officials and residents on its effort to retain its congressional franchise but denied offering bribe. PECO corporate communications officer Mikel Afzelius even called the bribery allegation “a big, false lie.” Afzelius said they have been sending letters seeking the support of barangays […] The post BIG FALSE LIE: PECO denies bribery try on barangay captains appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 15th, 2018