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Panay Electric Company, Inc., also known as Panay Electric or simply PECO, is an electric power distribution company in the Philippines. It served the City of Iloilo from 1923 until 2019, when its franchise service expired and MORE Electric and Power Corporation (MORE Power) controversially took over. [1]
MORE Power was founded in 2018 under the parent company of Prime Strategic Holdings, Inc. of Enrique K. Razon.On February 14, 2019, it was granted a 25-year power distribution franchise in Iloilo City signed by President Rodrigo Duterte, after Panay Electric Company (PECO)'s 97-year-long service franchise in the city expired earlier on January 18, 2019.
PHP 13.18 billion (2020) Total assets: PHP 401.5 billion (2023) Total equity: PHP 201.02 billion (2020) Parent: Lopez, Inc. (54.44%) Subsidiaries: ABS-CBN Corporation Manila Electric Company (3.95% interest) First Philippine Holdings Corporation First Gen Corporation First Philec Corporation First Philippine Industrial Park Rockwell Land ...
Razon tables the ICTSI Foundation, Inc., which oversees and implements the ICTSI Group's corporate social responsibility advocacies. He has been a long-time patron of Philippine golf in the country by way of the Philippine Golf Tour, backed by sports management company, Pilipinas Golf Tournaments Inc. (PGTI), where he is chairman.
List of electric utilities in the Philippines [1] [2] Electric utility ... Panay; Panitan; Pilar; ... La Union Electric Company LUECO PIOU Luzon 47,337
According to several articles and news sites, the Philippines faced a power supply shortage leading to rolling blackouts across the country during the years 2014–2015. In late 2014, President Aquino requested the Congress to pass a resolution giving him emergency power to allow the government to provide additional supply and prevent a power ...
Manila Bulletin [1] English [2] Daily broadsheet [3] National [2] Manila Standard: English: Daily broadsheet: National The Manila Times [1] English: Daily broadsheet: National The Market Monitor: English: Business weekly: National Philippine Daily Inquirer [4] [1] English [2] Daily broadsheet [3] National [2] The Philippine Star [1] English [2 ...
On April 8, 2024, Marcos Jr. inaugurated the 230 kV Cebu-Negros-Panay Backbone project with its simultaneous ceremonial energization at the NGCP Bacolod Substation in Negros Occidental. The Cebu-Negros-Panay Backbone, which includes the Negros-Panay Interconnection Project Line 2, was built in three stages, the last completed on March 27, 2024.