posted July 15, 2016 at 11:10 pm by Alena Mae S. Flores
Philippine Electricity Market Corp.
appealed with the Supreme Court a Court of Appeals decision rejecting its bid
to collect P234.9 million in penalties from Aboitiz Power Corp. subsidiary
Therma Mobile Inc.
PEMC imposed the fine against Therma
Mobile for alleged anti-competitive behavior during the November to December
2013 Malampaya shutdown, which pushed up power rates. PEMC, however, failed to
collect the fine after Therma Mobile raised the issue to the Pasig City
Regional Trial Court Branch 157.
The RTC Pasig City Branch 157 on
April 1, 2015, issued a writ of preliminary injunction in favor of the Aboitiz
Group.
The Pasig RTC prevented PEMC from
demanding or collecting the amount of P234.9 million in financial penalties.
The court also ruled that an arbitration
agreement existed between Therma Mobile and PEMC, and directed the parties to
comply and continue with the dispute resolution process under therules of the
wholesale electricity Spot Market.
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