Business
Court Lifts TRO vs. Plebiscite on SOCOTECO II Deal with Pacquiao-Razon Firm
A Philippine court has lifted a temporary restraining order (TRO) that halted a plebiscite on the partnership deal between South Cotabato II Electric Cooperative (SOCOTECO II) and IGNITE Power. This allows the vote on a plan to reduce system loss charges to 5.5% to proceed.
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- Court Lifts Restraining Order on Socoteco II-Ignite Plebiscite, Paving Way for Vote
South Cotabato II Electric Cooperative (Socoteco II) has secured a victory against attempts to block a plebiscite on its proposed partnership with Ignite Power and Energy Holdings Inc. after a regional court lifted a temporary restraining order (TRO), allowing member-consumers to vote on the deal.