PANAY Electric Co. (PECO) has lost the battle to halt the takeover of its power distribution facilities in Iloilo City.
The specific assets were assessed to have a combined value of P217.9 million. Wherefore, finding no cogent reason to set aside or disturb its earlier order, the motion for reconsideration is denied,” the Iloilo City Regional Trial Court (RTC) said in its order dated July 2, referring to PECO’s appeal on April 1
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