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National Power vs. Southern Philippine Power

NATIONAL POWER CORPORATION, PETITIONER, VS. SOUTHERN PHILIPPINES POWER CORPORATION, RESPONDENT.

G.R. No. 219627 | 2016-07-04

D E C I S I O N
 
LEONEN, J.:
 
This Petition for Review on Certiorari [1] assails the Court of Appeals' (a) February 20, 2015 Decision [2] affirming the Energy Regulatory Commission's Decision, [3] and (b) July 24, 2015 Resolution [4] denying reconsideration.
 
On October 26, 1996, the consortium of ALSONS Power Holdings Corporation and TOMEN Corporation entered into an Energy Conversion Agreement[5] with the National Power Corporation for a 50-megawatt bunker- C fired diesel-generating power project in General Santos City.[6]

Under the Energy Conversion Agreement, the consortium will design, build, and operate a bunker-C...