Back

Cathay Pacific Steel vs. COA

CATHAY PACIFIC STEEL CORPORATION, PETITIONER, VS. COMMISSION ON AUDIT, NATIONAL POWER CORPORATION AND POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT CORPORATION, RESPONDENTS.

G.R. No. 252035 | 2021-05-04

EN BANC
 
D E C I S I O N
 
LAZARO-JAVIER, J.:
 
The Case
 
This petition for certiorari[1] assails the Decision No. 2018-256 dated March 15, 2018 and En Banc Notice No. 2020-012 dated February 12, 2020 of the Commission on Audit (COA) in COA C.P. Case No. 2013-502. The first denied the money claim of petitioner Cathay Pacific Steel Corporation (CAPASCO), for lack of merit; and the second denied petitioner's motion for reconsideration.
 
Antecedents
 
In her 2002 State of the Nation Address, then President Gloria Macapagal Arroyo ordered electric power producers and distributors "to give price...