DEAL OR NO DEAL?

No PECO - MORE Power talks yet on transfer of assets

ILOILO City – Panay Electric Company (PECO) has resigned itself to the fact that More Electric and Power Corp. (MORE Power) now has a legitimate franchise signed by President Rodrigo Duterte to distribute power in this city. However, according to PECO, there is no agreement yet between it and MORE Power, “therefore MORE should not unconstitutionally confiscate PECO’s assets.”