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Philippine Sinter Corp and Phividec Industrial Authority vs Cagayan Electric Power And Light Co., Inc.

PHILIPPINE SINTER CORPORATION and PHIVIDEC INDUSTRIAL AUTHORITY, petitioners, vs. CAGAYAN ELECTRIC POWER and LIGHT CO., INC., respondent.

G.R. No. 127371 | 2002-04-25

D E C I S I O N

SANDOVAL-GUTIERREZ, J.:

Before this Court is a petition for review[1] questioning the Decision[2] of the Court of Appeals dated July 23, 1996 in CA-G.R. SP No. 36943, "Cagayan Electric Power and Light Co., Inc. vs. Hon. Cesar M. Ybañez, et al." which reversed the decision of the Regional Trial Court of Cagayan de Oro City, Branch 17, in Civil Case No. 94-186 for injunction.

The antecedents are:

On January 21, 1987, President Corazon C. Aquino and her Cabinet approved a Cabinet Reform Policy for the power sector and issued a Cabinet Memorandum, Item No. 2 of which provides:

"Continue direct connection for...