Aboitiz Power secures another TRO


    Aboitiz Power Corp. said its subsidiary Luzon Hydro Corp. (LHC) has secured a temporary restraining order (TRO) for its second petition to enjoin the municipality of Alilem from auctioning its real properties in Alilem, Ilocos Sur.

    The second petition is in relation to the notice of real property tax (RPT) delinquency from the local government unit (LGU) seeking to collect a total of P82.3 million in unpaid RPT and accrued penalties for seven properties, covering the period from 2004 to September 2019.

    Last month, a similar TRO was also granted in favor of LHC against the LGU of Alilem for an alleged RPT delinquency worth a total of P446.02 million in unpaid taxes and accrued penalties which covers the period from 2002 to August 2019.

    The power generation firm is challenging the LGU’s valuation citing the enforcement of the executive orders issued by the Office of the President directing the reduction of RPT on property, machinery and equipment actually and directly used by independent power producers under build-operate-transfer contracts.