A proposed partnership that could reshape South Cotabato II Electric Cooperative’s power distribution business has hit another legal roadblock, with a new temporary restraining order stopping the remaining dates of a membership vote.
The 72-hour order prevents SOCOTECO II and Ignite Power from proceeding with the scheduled plebiscite while the court considers whether to extend the restraint. Voting had already taken place on September 19 and 20 after an earlier TRO was lifted.
The latest petition was filed by member-consumer-owner Denver Jay D. Dequilla, who questioned whether members had received enough information to assess the proposed Conditional Joint Venture Agreement before casting their votes.
The transaction involves the cooperative’s distribution assets. Under the proposed arrangement, SOCOTECO II would receive about 70 percent of the consideration in cash and hold a 30 percent equity stake in a new entity.
Dequilla raised concerns about the disclosure of the agreement’s terms, supporting studies, financial projections, asset valuation and regulatory approvals. Those concerns remain allegations before the court; the new TRO does not decide whether the agreement is valid or whether SOCOTECO II withheld information.
For members, the dispute reaches beyond the voting schedule. Their decision could affect who operates the electricity distribution system and how its assets are managed in the years ahead. Dequilla’s petition argues that a vote on those questions should take place only after members have a meaningful opportunity to examine the proposal.
The court’s next proceedings will determine whether the pause continues. The proposed joint venture, meanwhile, remains subject to a membership decision and any applicable regulatory requirements.
