ISSUES OF TRANSCENDENTAL IMPORTANCE ARE CONSIDERED EXCEPTIONS TO THE RULE ON STANDING:

    The Court, through Associate Justice Florentino P. Feliciano (now retired), provided the following instructive guides as determinants in determining whether a matter is of transcendental importance: (1) the character of the funds or other assets involved in the case; (2) the presence of a clear case of disregard of a constitutional or statutory prohibition by the public respondent agency or instrumentality of the government; and (3) the lack of any other party with a more direct and specific interest in the questions being raised.  (CHAMBER OF REAL ESTATE AND BUILDERS' ASSOCIATIONS, INC. (CREBA) vs. ENERGY REGULATORY COMMISSION (ERC) and MANILA ELECTRIC COMPANY (MERALCO), G.R. No. 174697, July 8, 2010, BRION, J.).