On March 9, 2021, the Supreme Court denied the motion for reconsideration filed by Panay Electric Company, Incorporated of the decision of the Court dated September 15, 2020. The denial of the said motion for reconsideration was in connection with the following cases:
1.) More Electric and Power Corporation vs. Panay Electric Company, Incorporated, G.R. No. 248061, and
2.) Republic of the Philippines vs. Panay Electric Company, Inc. and More Electric and Power Corporation, G.R. No. 249406.
The resolution/decision denying the motion for reconsideration of Panay Electric Company, Incorporated was penned by Justice Rosmari D. Carandang. The denial of the motion for reconsideration was concurred by: 1.) Chief Justice Diosdado M. Peralta, 2.) Senior Associate Justice Estela M. Perlas-Bernabe, 3.) J. Alfredo Benjamin S. Caguioa, 4.) J. Alexander G. Gesmundo, 5.) J. Ramon Paul L. Hernando. 6.) J. Henri Jean Paul B. Inting, 7.) J. Ricardo R. Rosario, and 8.) J. Jhosep Y. Lopez. The Justices who dissented were: 1.) J. Marvic M.V.F. Leonen, 2.) J. Amy C. Lazaro- Javier, 3.) J. Rodil V. Zalameda, 4.) J. Mario V. Lopez, 5.) J. Edgardo L. De Los Santos, and 6.) J. Samuel H. Gaerlan.