Iloilo City Mayor Jose Espinosa III wants to sit down with President Rodrigo Duterte to discuss the dispute between MORE Electric and Power Corp. (MORE Power) and Panay Electric Company (PECO).
MORE Power and PECO are competing to get an exclusive franchise to distribute electricity in the highly urbanized city.
Espinosa’s office is now communicating with former Special Assistant to the President Secretary (SAP) Christopher “Bong” Go.
“Gacommunicate kita kay Bong Go kon basi pwede kita mahatagan sang tion maskin one hour lang and a half nga makaistorya kay President Duterte natuhoy sa aton power situation diri,” the mayor said.
In a previous interview, Espinosa denied siding with any power firm.
“Ang aton ya diri dapat masigurado nga wala sang power crisis diri sa syudad after maexpire ang franchise sang PECO sa January 19 next year,” he said.
PECO’s application for franchise renewal is still pending at the committee level in Congress.
PECO has been the city’s sole power distributor for the past 90 years. The Cacho family owns 70 percent of PECO while the Lopez family’s First Philippine Holdings Corp. owns 30 percent of the company.
On the other hand, the franchise application of MORE Power was approved by Congress and the Senate on Oct. 28 and Nov. 26, respectively.
MORE Power is formerly known as MORE Minerals Corp., a subsidiary of the Ricky Razon-Walter Brown-led Monte Oro Grid Resources (MORE).IMT