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National Power Corporation vs. Heirs of Ramoran etc.

NATIONAL CORPORATION, POWER Petitioner, vs. HEIRS OF GREGORIO RAMORAN, NAMELY: DELFIN R. PINEDA, ESPERANZA PINEDA MAGPALI, DIGNA PINEDA ARZADON, CARIDAD R. PINEDA, IMELDA ZIAPNO, TERESITA PINEDA DELFIN, ESTER R. PINEDA, FE Y. UZON, PACENCIA ERFE VERSOZA, IMPRESSION V. CLEMENTE, ALL REPRESENTED BY DELFIN R. PINEDA, ATTORNEY-INFACT, Respondents. Present: SERENO, CJ, Chairperson, LEONARDO-DE CASTRO, BERSAMIN, PERLAS-BERNABE, and CAGUIOA,JJ.

G. R. No. 193455 | 2016-06-13

DECISION


SERENO, CJ:

This is a Petition for Review on Certiorari filed by the National Power Corporation (petitioner) through the Office of the Solicitor General assailing the Court of Appeals (CA) Decision1 in CA-G.R. CV No. 90778. The CA denied petitioner's appeal from the Decision2 issued by the Regional Trial Court (RTC) Branch 38 in Lingayen, Pangasinan, in Civil Case No. 17355. The RTC imposed legal interest at the rate of 12% per annum from the filing of the complaint until full payment.3

The issue is whether the CA properly sustained the imposition of 12%, instead of 6% legal interest on the amount of just compensation for the...