Manila Electric Company (Meralco) is the largest electric distribution utility company and the largest private sector utility in the Philippines. It provides electricity to over 6 million customers in 36 cities and 75 municipalities in a franchise area covering 9,337 km2 that includes Metro Manila, the provinces of Rizal, Cavite, Bulacan and parts of the provinces of Pampanga, Batangas, Laguna and Quezon. The franchise covers the core of the country’s industrial, commercial and population centers.
The power segment, primarily power distribution, consists of operations of Meralco and its subsidiary, Clark Electric Distribution Corporation (CEDC) that is a registered private distribution utility serving exclusively within its franchise area including the Clark Freeport Zone.
Meralco has a minority equity interest in a power generating company, Global Business Power Corporation (GBP). Separately, it is developing power generation plants through wholly-owned subsidiary, Meralco PowerGen Corporation (MGen).
Through several subsidiaries in the services segment, Meralco provides engineering, design, construction and consulting services, bill collection services, distribution and energy management services, and communications, information systems and technology services.
Meralco celebrates its 114th year of service this 2017.
Meralco is listed on the Philippine Stock Exchange (PSE: MER). Meralco has the largest market capitalizations among Philippine-listed utility and power sector companies.
JG Summit currently holds 27.1% stake in Meralco.
Website: www.meralco.com.ph* Source: Company Websites and Filings