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Lanao Del Norte Electric Cooperative Inc. vs. Provincial Government of Lanao Del Norte

LANAO DEL NORTE ELECTRIC COOPERATIVE, INC., AS REPRESENTED BY ITS GENERAL MANAGER ENGR. RESNOL C. TORRES, PETITIONER, VS. PROVINCIAL GOVERNMENT OF LANAO DEL NORTE, AS REPRESENTED BY ITS GOVERNOR HON. MOHAMAD KHALID Q. DIMAPORO AND ITS PROVINCIAL TREASURER, MILDRED J. HINGCO, PROVINCIAL ASSESSOR, NATIONAL ELECTRIFICATION ADMINISTRATION (NEA), AS REPRESENTED BY ITS ADMINISTRATOR HON. EDITA S. BUENO, POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT (PSALM), AS REPRESENTED BY ITS PRESIDENT AND CEO HON. JOSE C. IBAZETA, DEPARTMENT OF ENERGY (DOE), AS REPRESENTED BY ITS SECRETARY HON. ANGELO T. REYES, THE COMMISSION ON AUDIT (COA), AS REPRESENTED BY ITS CHAIRMAN HON. REYNALDO A. VILLAR, RESPONDENTS.

G.R. No. 185420 | 2017-08-29

 
D E C I S I O N
 
VELASCO JR., J.:
 
Nature of the Case

Before this Court is a Petition for Prohibition and Mandamus under Rule 65 of the Rules of Court, with prayer for injunctive relief to enjoin and prevent the respondent Provincial Government of Lanao del Norte (PGLN) from levying and auctioning off all the assets, properties, and equipment of petitioner Lanao del Norte Electric Cooperative, Inc. (LANECO) to satisfy its unpaid real property taxes.
 
Factual Antecedents

Pursuant to Republic Act (R.A.) No. 6038, otherwise known as the National Electrification Administration Act, LANECO was granted a franchise on January 8,...