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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 eight power suppliers including the Philippine Electricity Market Corporation. MER has a unit for its participation in retail electricity supply (RES) with a trade name, "MPower". The Energy Regulatory Commission granted the following companies distinct RES licenses to operate as affiliate retail electricity suppliers in Luzon and Visayas, namely, Vantage Energy Solutions and Management, Inc., a wholly-owned subsidiary of MER; Solvre, Inc., a wholly-owned subsidiary of MERALCO PowerGen Corporation; and MeridianX Inc., a wholly-owned subsidiary of Comstech Integration Alliance, Inc. Source: SEC Form 17-A (2018) |
| 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, Pasig City 0300 |
|---|---|
| E-mail Address | investor.relations@meralco.com.ph |
| Telephone Number | 8631-5567 |
| Fax Number | 8632-8126 |
| Website | http://www.meralco.com.ph |
