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Lorenzo Shipping vs. National Power Corporation ( NAPOCOR)

LORENZO SHIPPING CORPORATION, PETITIONER, VS. NATIONAL POWER CORPORATION, RESPONDENT. [G.R. No. 181683] NATIONAL POWER CORPORATION, PETITIONER, VS. LORENZO SHIPPING CORPORATION, RESPONDENT. [G.R. No. 184568]

G.R. Nos. 181683 and 184568 | 2015-10-07

DECISION
 
LEONEN, J.:
 
These consolidated Petitions for Review on Certiorari[1] are offshoots of the Court of Appeals' disposition of CA-G.R. CV No. 76295. The Petition docketed as G.R. No. 181683 was filed by Lorenzo Shipping Corporation (Lorenzo Shipping) while the Petition docketed as G.R. No. 184568 was filed by National Power Corporation.

In its September 14, 2007 Decision,[2] the Court of Appeals reversed and set aside the February 18, 2002 Decision of the Regional Trial Court and entered another judgment ordering Lorenzo Shipping to pay National Power Corporation the amount of P876,286.00 as actual damages and P50,000.00...