Then of course there is still this problem with More Electric and Power Corp., the company which was granted the Iloilo City electricity distribution franchise by virtue of Republic Act 11212. The law allowed More to expropriate PECO’s distribution assets after paying just compensation. More questioned the RTC ruling when it filed an action for a temporary restraining order and writ of preliminary injunction. In another case, the Court of Appeals denied PECO’s petition to stop More from expropriating the former’s distribution assets. All these may have caused the President to rethink this term-sharing arrangement between Cayetano and Marinduque Rep. Lord Allan Velasco.

Source: Philippine Star November 16, 2019 16:00 UTC