Manila Electric Company
Pasig, Metro Manila 0300, Philippines Phone: +63-2-632-2222
Fax: +63-2-632-8501
http://www.meralco.com.ph
Overview
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.
Key Numbers from Hoover's UK
Key financials for Manila Electric Company
| Company Type | Public (Philippine: MER) |
|---|---|
| Fiscal Year-End | December |
Key People from Hoover's UK
Key people and executives for Manila Electric Company
| Chairman and CEO | Manuel M. Lopez (Subscribers see complete biographies -- view sample)
|
|---|---|
| President, COO, and Director | Jose (Ping) de Jesus |
| SVP and COO | Oscar S. Reyes |
Top Competitors from Hoover's UK
Top competitors of Manila Electric Company
There are 10 competitors for Meralco; see more.
