CA asked to stop MORE from taking over power distribution assets of rival

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The Court of Appeals (CA) has been asked to stop More Electric and Power Corporation (MORE) from taking over the power distribution assets of its rival Panay Electric Company (PECO).

DivinaLaw, PECO’s legal counsel, said a petition for certiorari has been filed before the CA which has been asked to issue a temporary restraining order or writ of preliminary injunction that would stop the Iloilo Regional Trial Court Branch 23 from implementing the writ of possession on the assets of PECO which failed to renew its franchise.

“Contrary to what’s being circulated via publicity by MORE, it will be highly irregular at this point to insist on the takeover pending resolution of the motion for clarification that PECO has filed with the RTC of Iloilo to define the parameters of the implementation and, more importantly, in view of the petition for certiorari with prayer for TRO that has been filed with the Court of Appeals,” DivinaLaw said in a statement.

 

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