The Iloilo City Council passed a resolution yesterday opposing the franchise renewal for the Panay Electric Company, Inc.
The resolution, authored by City Councilor R. Leone Gerochi, calls for a national government takeover of the local power distributor, citing claims of overcharging from consumers.
The council also pointed out the company has yet to refund P631 million, as ordered by the Energy Regulatory Commission in 2004./WDJ