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Manila Electric Company · Pasig, Metro Manila Philippines (Philippine: MER)

Lopez Bldg., 2nd Fl.,
Meralco Center, Ortigas Avenue		Phone: +63-2-632-2222
Pasig, Metro ManilaFax: +63-2-632-8501
0300
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Manila Electric Company Rankings

Company Description

Manila Electric Company (Meralco) is the largest utility in the Philippines, providing power to 4.6 million customers in 29 cities (including metropolitan Manila) and 82 municipalities. As deregulation takes effect, Meralco is reducing its dependence on state-owned National Power Corp. (Napocor) by increasing the amount of power it purchases from independent power producers. Meralco has prepared for greater competition by moving into nonregulated activities, including energy, e-commerce, and real estate. In 2008 Philippine conglomerate San Miguel Corp. acquired the Philippine government's 27% stake in Meralco, and raised that to 48% in 2009. Metro Pacific Investments boosted its stake to 20% soon after that.

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Financials

Company TypePublic - Philippine: MER Headquarters
Fiscal Year-EndDecember
Employees7,193

Executives

33 executives listed for Manila Electric Company's Pasig, Metro Manila location.

Chairman and CEOManuel LopezE-mail
Vice ChairmanRamon AngE-mail
SVP and COOOscar ReyesE-mail

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