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Francisco P. Tesorero, et al. Vs. Ponciano G.A. Mathay, et al.

FRANCISCO P. TESORERO, ANTONIO G. DIAZ, JESUS G. DUREZA, petitioners, vs. PONCIANO G.A. MATHAY, JAIME S. MEJIA, BOARD OF ENERGY AND DAVAO LIGHT & POWER COMPANY, INC., respondents. DAVAO CITY, represented by HONORABLE CITY MAYOR, ELIAS B. LOPEZ, Intervenor.

G.R. No. 69592 | 1990-05-08

D E C I S I O N


PARAS, J.:

This is a petition for review on certiorari, with a prayer for a restraining order, seeking the annulment of the December 6, 1983 decision of the Board of Energy in BOE Case No. 82-684 approving the amount of P282,024,877.40 as the fair and reasonable value of the properties, assets and equipment in service as of October 9, 1981 of the Davao Light and Power Co., Inc.

Herein petitioners are residents of Davao City and consumers of electricity of herein private respondent Davao Light and Power Co., Inc. (DALIGHT, in short), the authorized operator of electric light, heat and power service in the City of Davao,...