Back

NAPOCOR vs. City of Cabanatuan

NATIONAL POWER CORPORATION, petitioner, vs. CITY OF CABANATUAN, respondent.

G.R. No. 149110 | 2003-04-09

D E C I S I O N
 
PUNO, J.:
 
This is a petition for review[1] of the Decision[2] and the Resolution[3] of the Court of Appeals dated March 12, 2001 and July 10, 2001, respectively, finding petitioner National Power Corporation (NPC) liable to pay franchise tax to respondent City of Cabanatuan.

Petitioner is a government-owned and controlled corporation created under Commonwealth Act No. 120, as amended.[4] It is tasked to undertake the “development of hydroelectric generations of power and the production of electricity from nuclear, geothermal and other sources, as well as, the transmission of electric power...