“Highlighted in the agreement were theitems we paid for to make sure there is no confusion…Para segurado nga there won’t be another assessment all of a suddenon items that were previously assessed,” said Cacho. ILOILO City – Panay Electric Co.(PECO) finally paid its real property tax (RPT) yesterday. These resulted to the nonrenewal ofPECO’s permit this year, said Treñas. PECO administrative manager MarceloCacho paid P134,927,522.63. Mayor Jerry Treñas and City Treasurer Jinny Hermanireceived the check. The city government threatened toauction P90-million worth of PECO assets on Dec. 12 if the power distributorfailed to settle its RPT dues from 2006 to 2016. “The court still has to rule whethersurcharges should be applied or not,” said Cacho. It was in 2016 when the citygovernment started charging RPT on PECO’s electric poles and lines. It basedsuch move on the 2015 ruling of the Supreme Court which allowed localgovernment units to impose real property taxes on electric posts and lines. The unpaid real property taxes wentway back to two past city administrations, said Treñas. Multiple demands forpayment were made but these went unheeded. For the second assessment, PECO paidin full (including the fourth quarter of 2019) P75 million; this coveredtransformers, wires and one substation. Mayor Treñas welcomed PECO’s payment. “PECO applied for a business licensebut we deferred the issuance pending the recommendation from the CityTreasurer’s Office,” said Tabud. Iloilo City Treasurer Jinny Hermano receives this check amounting to P134.9 million from Panay Electric Co. administrative manager Marcelo Cacho as the company’s payment for a decade of long-overdue real property taxes. CITY MAYOR’S OFFICE PHOTO “With this, we can properly fundprograms intended to improve social services and other initiatives that wouldbenefit the Ilonggos in our quest to bring Iloilo City to the next level,” hesaid. Norman Tabud, head of the BusinessPermits and Licensing Office, confirmed his office had yet to issue PECO abusiness license to operate for 2019. The city government made a 10-yearperiod retroactive computation (2006-2016), including surcharges. PECOchallenged this in court. PECO paid the first and second RPTassessments. The first assessment reached P59million, excluding the P38-million interest which is still being questioned incourt. It covered poles from 2006 to 2016 which were supposed to be auctionedon Dec. 12. PECO’s franchiseas sole power distributor in Iloilo City expired on Jan. 19 this year. Itfailed to secure an extension from Congress over several issues such as poorcustomer relations, erroneous billings, power failures, high rates, etc./PN Treñas announced last month that anauction of PECO assets was a legal step against the power distributor forrefusing to pay long overdue real property taxes.