D E C I S I O N
VITUG, J.:
National Steel Corporation ("NSC"), the petitioner, is engaged in steel manufacturing and operates a steel plant in Iligan City, Lanao del Norte, Mindanao. It is registered with the Board of Investments and has, since 1974, been sourcing its electric power directly from the National Power Corporation ("NAPOCOR"). Private respondent Iligan Light and Power, Inc. ("ILIGAN"), is the sole power utility firm generally servicing the area where the NSC plant is located.
The instant controversy was spawned by a decision, dated 28 February 1997, of the Energy Regulatory Board ("ERB") in...
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