MORE Electric and Power Corporation
electric power distribution company
MORE Electric and Power Corporation, also known as MORE Power, is an electric power distribution company in the Philippines. It has served Iloilo City since 2020, following its takeover of the private firm Panay Electric Company (PECO) as the city’s sole power distributor. It also serves parts of the municipality of Pavia, Iloilo.
The name "MORE" is an acronym for Monte Oro Resources & Energy, Inc., a subsidiary of Prime Strategic Holdings, Inc. (formerly known as Prime Metroline Holdings, Inc.) of the Spanish-Filipino billionaire Enrique Razon.
History
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. On February 28, 2020, MORE Power began the takeover of PECO’s assets and officially commenced operations as the city’s new electric power distributor.
On July 30, 2022, MORE Power's proposed expanding its power distribution service in Iloilo province lapsed into law under Republic Act 11918, or the modified MORE Power franchise.
“MORE Electric and Power Corporation” enters the record as electric power distribution company. Crown Archives preserves that source wording while asking what MORE, Electric and Power can confirm, complicate or overturn.
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“MORE Electric and Power Corporation” is worth following because a concise public description often conceals a longer documentary argument. Here, MORE, Electric and Power provides the most credible route into that argument.
Contemporary correspondence, administrative files and participant testimony can test how later narratives organized the event or institution. The source revision retrieved here is dated Jul 17, 2026. The linked authority identifier is Q113554940. 2 of 2 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 2020, 2018, 2019 and 2022.
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This entry incorporates text from “MORE Electric and Power Corporation” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.