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Manila Electric Company

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Company Description
Manila Electric Company (MER) is a private distribution utility organized on May 7, 1919 which holds a congressional franchise under Republic Act (RA) No. 9209 effective June 28, 2003. RA 9209 granted MER a 25-year franchise valid through June 28, 2028 to construct, operate, and maintain the electric distribution system in the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal and certain cities, municipalities, and barangays in the provinces of Batangas, Laguna, Pampanga, and Quezon.

The principal business of MER is the distribution and sale of electric energy through its distribution network facilities in its franchise area. The Company's market is categorized into four sectors such as residential, commercial, industrial, and streetlights. MER sources the electricity it distributes from eight power suppliers including the Philippine Electricity Market Corporation. The franchise area of MER over specified areas in Luzon is approximately 9,685 square kilometers, covering 36 cities and 75 municipalities. This includes Metro Manila, industrial estates, and suburban and urban areas of the adjacent provinces.

The Company's subsidiaries are Meralco Industrial Engineering Services Corporation; Corporate Information Solutions, Inc.; Meralco Energy, Inc.; e-Meralco Ventures, Inc.; Meralco Financial Services Corporation; Clark Electric Distribution Corporation; Republic Surety and Insurance Company, Inc.; Lighthouse Overseas Insurance Company, Limited; Meralco PowerGen Corporation; Comstech Integration Alliance, Inc.; MSpectrum, Inc.; and Vantage Energy Solutions and Management Inc.

As at December 31, 2016, in addition to the head office, MER has 10 networks sector offices, 30 branches and nine auxiliary offices, 16 extension offices, one payment office, one customer assistance office and five customer centers.

Source: SEC Form 17-A (2016)
Security Information
Sector Industrial
Subsector Electricity, Energy, Power & Water
Corporate Life 50
Incorporation Date May 07, 1919
Number of Directors 11
Stockholders' Meeting as per By-Laws May - last Tuesday
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Securities Transfer Services, Inc.
Contact Information
Business Address Lopez Building, Ortigas Avenue, Pasig City 0300
E-mail Address corcom@meralco.com.ph
Telephone Number 631-5567
Fax Number 632-8126
Website http://www.meralco.com.ph