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MORE Power was founded in 2018 under the parent company of Prime Strategic Holdings, Inc. of Enrique K. Razon.On February 14, 2019, it was granted a 25-year power distribution franchise in Iloilo City signed by President Rodrigo Duterte, after Panay Electric Company (PECO)'s 97-year-long service franchise in the city expired earlier on January 18, 2019.
Panay Electric Company, Inc., also known as Panay Electric or simply PECO, is an electric power distribution company in the Philippines.It served the City of Iloilo from 1923 until 2019, when its franchise service expired and MORE Electric and Power Corporation (MORE Power) controversially took over.
A franchise fee is a fee or charge that one party, the franchisee, pays another party, the franchisor, for the right to enter in a franchise agreement. Generally by paying the franchise fee a franchisee receives the rights to sell goods or services, under the franchisor's trademarks, as well as access to the franchisor's business processes.
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
Tropical Smoothie began as a smoothie shop in 1993 along the panhandle of Florida. Tropical Smoothie Franchise Development Corporation was founded in 1997 in Destin, Florida, and the first franchised store opened in 1998 in Tallahassee, Florida. Tropical Smoothie Cafe is currently headquartered in Atlanta, Georgia. [4]
The National Grid Corporation of the Philippines (NGCP) is the transmission system operator for three grids constituting the Philippine grid and as a franchise holder and transmission service provider, it is in charge of operating, maintaining, and developing the country's power grid, [27] controls the supply and demand of power by determining ...
Davao Light and Power Company, Inc. (DLPC) is a Davao-based Filipino electricity company and the third largest [1] privately owned electric utility in the Philippines and is owned by Aboitiz Power Corporation (AboitizPower). [2] In 2007, the company had 247,341 customers [3] and 290,000 customers in 2012. [4]
Zumo is a juice and smoothie bar chain in Europe with over 100 establishments in 13 countries. The company, established in 2001 and based out of Ireland , operates locations in Ireland, the United Kingdom, Spain, France, Austria, Greece, Russia, Hungary, Switzerland, Czech Republic, Turkey, Italy, Germany and South Africa.