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More Electric and Power Corporation vs. Panay Electric [RESOLUTION]

MORE ELECTRIC AND POWER CORPORATION, PETITIONER, VS. PANAY ELECTRIC COMPANY, INC., RESPONDENT. [G.R. No. 249406, March 9, 2021] REPUBLIC OF THE PHILIPPINES, PETITIONER-OPPOSITOR, MORE ELECTRIC AND POWER CORPORATION, PETITIONER, VS. PANAY ELECTRIC COMPANY, INC., RESPONDENT.

G.R. No. 248061 | 2021-03-09

EN BANC
 
R E S O L U T I O N
 
CARANDANG, J.:
 
For resolution is the Motion for Reconsideration[1] filed by respondent Panay Electric Company, Inc. (PECO) of the Court's Decision[2] dated September 15, 2020 of this Court, the dispositive portion of which reads:
 
WHEREFORE, the instant Petitions are GRANTED. The assailed Judgment dated July 1, 2019 is REVERSED and SET ASIDE. Section 10 and 17 of Republic Act No. 11212 are DECLARED CONSTITUTIONAL.
 
SO ORDERED.[3] (Emphasis in the original)
 
Antecedents
 
On July 23, 2018, Republic Act (R.A.) No. 11212[4] was enacted...