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Santiago P. Alalayan, Et Al. vs. National Power Corporation, Et Al

SANTIAGO P. ALALAYAN, ET AL., suing in his behalf and for the benefit of all other persons having common or general interest with him in accordance with Sec. 12, Rule 3, Rules of Court, petitioners-appellants, vs. NATIONAL POWER CORPORATION and ADMINISTRATOR OF ECONOMIC COORDINATION, respondents-appellees.

G.R. No. L-24396 | 1968-07-29

D E C I S I O N 


FERNANDO, J.: 

This declaratory relief proceeding was started in the lower court by petitioners, Alalayan and Philippine Power and Development Company, both franchise holders of electric plants in Laguna, to test the validity of a section of an amendatory act, 1 empowering respondent National Power Corporation "in any contract for the supply of electric power to a franchise holder," receiving at least 50% of its electric power and energy from it to require as a condition that such franchise holder "shall not realize a net profit of more than twelve percent annually of its investments plus two-month operating...