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NPC vs. PSALM

NATIONAL POWER CORPORATION, PETITIONER, VS. POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT CORPORATION, RESPONDENT.

G.R. No. 229706 | 2023-03-15

D E C I S I O N
 
ZALAMEDA, J.:
 
On 26 June 2001, the effectivity date of the Electric Power Industry Reform Act of 2001 (EPIRA), or Republic Act No. (RA) 9136,[1] the power generation function of the National Power Corporation (NPC) ceased by operation of law. NPC's assets and liabilities were transferred to Power Sector Assets and Liabilities Management Corporation (PSALM), also by operation of law, on the same date. There is no need to present further evidence on these matters. These are not questions of fact that still need to be determined.
 
The Case

This is a Petition for Review on Certiorari[2] under...