Distribution utility (DU) More Electric and Power Corporation (MORE Power) reiterated its commitment to delivering stable, reliable, and affordable power” Iloilo residents.
MORE Power president and chief operating officer (COO) Roel Z. Castro also assured Iloilo City Mayor Geronimo Treñas that MORE Power will give out its share for the progress of the city, according to a report.
MORE Power secured its provisional certificate of public convenience and necessity (CPCN) from the Energy Regulatory Commission.
Meanwhile, Panay Electric Co.’s (PECO) was revoked after MORE Power took over and proved to be capable of managing the distribution assets. PECO has yet to secure the renewal of its legislative franchise from Congress.
MORE Power is confident of ensuring stable and reliable power for the city as it has closed power supply agreements (PSAs) with three electricity generation companies – Panay Energy Development Corp., Panay Power Corp. and the KEPCO-Salco Power Corp., Castro noted.
Upon getting the franchise, the DU’s average time in regaining power after a complaint is one hour and 58 minutes, with five minutes bring the shortest time; and eight hours and 44 minutes being the longest.
The DU also replaced eight aged distribution transformers of PECO in three districts, including three in the city proper, two in the Arevalo district and three in Lapaz district.
“In order to ensure continuity of services to the consumers of Iloilo City, MORE Power troubleshooters and line teams are mobilized to provide assistance as may be needed,” MORE Power was quoted.
MORE Power has hired 61 former PECO employees under congress’ order.
President Rodrigo Duterte signed on February 14 the Republic Act No. 11212, authorizing MORE Power to take over all distribution assets and other properties whether private or government-owned to it can distribute electricity in Iloilo City.