ON July 30, the Supreme Court rejected a petition by the Iloilo Electric Cooperative Inc. (Ileco) 1, 2 and 3, challenging the validity of Republic Act (RA) 11918, which in mid-2022 expanded the franchise area of MORE Power into the Ileco franchise area.
ON July 30, the Supreme Court rejected a petition by the Iloilo Electric Cooperative Inc. 1, 2 and 3, challenging the validity of Republic Act 11918, which in mid-2022 expanded the franchise area of MORE Power into the Ileco franchise area. Prior to the amendment by RA 11918, MORE Power primarily served Iloilo City and the immediate surroundings, while Ileco enjoyed a de facto monopoly over electricity distribution in Passi City and most of the other municipalities in Iloilo province.
That is actually a bit of an oversimplification, as rates are regulated by the Energy Regulatory Commission, but it is not entirely off the mark, as rates do tend to be higher in the absence of any alternatives.The Supreme Court ruling confirming the non-exclusivity of franchises will have several benefits to the country.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supreme Court to release Shari’ah Bar exams results on July 16Different from the regular Bar Exams for aspiring lawyers, the Shari’ah Bar is the professional licensure examination on Islamic law
Read more »
Supreme Court upholds MORE Power expansion in IloiloILOILO CITY — The Supreme Court (SC) has ruled that the expansion of MORE Electric and Power Corp. (MORE Power) of the Razon group into several areas in Iloilo province is legal.
Read more »
Biden unveils long-shot plan to overhaul US Supreme CourtDefining the News
Read more »
Supreme Court lets Enrile plunder case proceedTHE Supreme Court has allowed the Sandiganbayan to proceed with the plunder charges filed against Chief Presidential Counsel Juan Ponce Enrile.
Read more »
Biden to propose Supreme Court term limits, binding code of conduct'No one is above the law. Not the president of the United States. Not a justice on the Supreme Court of the United States. No one,' writes US President Joe Biden in a Washington Post op-ed
Read more »
Biden proposes US Supreme Court term limits, binding code of conductLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »