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Manila Electric Company
| 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 classes namely, residential, commercial, industrial, and streetlights. MER sources the electricity it distributes from at least 11 different power suppliers including the Independent Electricity Market Operator of the Philippines. MER's subsidiaries include Meralco Industrial Engineering Services Corporation; Meralco Energy, Inc.; Clark electric Distribution Corporation; MERALCO PowerGen Corporation; and eSakay, Inc. Source: SEC Form 17-A (2021) |
| 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 | Rizal Commercial Banking Corporation - Trust and Investments Group |
| Business Address | Lopez Building, Ortigas Avenue, Barangay Ugong, Pasig City 1605 |
|---|---|
| E-mail Address | [email protected] |
| Telephone Number | 8632-8771 |
| Fax Number | 8632-8885 |
| Website | http://www.meralco.com.ph |
