Treñas revokes PECO biz permit
Iloilo City Mayor Jerry Treñas has revoked the business permit of Panay Electric Co. (PECO).
His Executive Order No. 71 on such was served by the Business Permits and Licensing Office (BPLO) to PECO’s business office on General Luna Street yesterday.
The order, dated May 8, was “effective immediately.” (https://bit.ly/35ULf9d)
In this city, a private power distribution utility is required to have the following:
* legislative franchise
* Certificate of Public Convenience and Necessity (CPCN) issued by the Energy Regulatory Commission (ERC) pursuant to the Electric Power Industry Reform Act of 2001 (Republic Act No. 9136).
“PECO does not have a legislative franchise and CPCN to continue legally operating,” said Treñas.
PECO’s franchise expired on January 19, 2019 and it failed to secure an extension or a new one from Congress.
Congress instead granted the franchise to new power distribution utility MORE Electric and Power Corp. (MORE Power). President Rodrigo Duterte signed the franchise law (Republic Act No. 11212) on February 14, 2019.
PECO’s CPCN was also revoked by ERC. The Commission instead granted it to MORE Power.