CR03392-2015

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Mar 31, 2015
2. SEC Identification Number
PW-102
3. BIR Tax Identification No.
000-101-528-000
4. Exact name of issuer as specified in its charter
Manila Electric Company
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Lopez Building, Ortigas Avenue, Barangay Ugong, Pasig City Postal Code 1605
8. Issuer's telephone number, including area code
(+632) 631-5567
9. Former name or former address, and former fiscal year, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock 1,127,098,705
Debt Securities - bonds (in Million) 18,500
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippine Stock Exchange
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Manila Electric CompanyMER

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Mar 31, 2015
Currency (indicate units, if applicable) Php (in millions)
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Mar 31, 2015 Dec 31, 2014
Current Assets 103,261 112,612
Total Assets 274,656 269,053
Current Liabilities 94,873 83,528
Total Liabilities 200,114 189,579
Retained
Earnings/(Deficit)		 56,171 61,319
Stockholders' Equity 74,542 79,474
Stockholders' Equity - Parent 74,006 79,154
Book Value per Share 66.14 70.52
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 61,073 54,045 61,073 54,045
Other Revenue 1,517 1,064 1,517 1,064
Gross Revenue 62,590 55,109 62,590 55,109
Operating Expense 56,126 49,190 56,126 49,190
Other Expense 99 146 99 146
Gross Expense 56,225 49,336 56,225 49,336
Net Income/(Loss) Before Tax 6,365 5,773 6,365 5,773
Income Tax Expense 1,927 1,746 1,927 1,746
Net Income/(Loss) After Tax 4,438 4,027 4,438 4,027
Net Income Attributable to
Parent Equity Holder		 4,421 4,008 4,421 4,008
Earnings/(Loss) Per Share
(Basic)		 3.92 3.56 3.92 3.56
Earnings/(Loss) Per Share
(Diluted)		 3.92 3.56 3.92 3.56
Other Relevant Information

Refer to attached report.
Filed on behalf by:
Name William Pamintuan
Designation First Vice President/ Assistant Corporate Secretary/ Head, Legal & Corporate Governance