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Manila Electric Company

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 classes namely, residential, commercial, industrial, and streetlights. MER sources the electricity it distributes from at least 10 different power suppliers including the Independent Electricity Market Operator of the Philippines.

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 (2019)
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 Rizal Commercial Banking Corporation - Trust and Investments Group
Contact Information
Business Address Lopez Building, Ortigas Avenue, Pasig City 0300
E-mail Address
Telephone Number 8631-5567
Fax Number 8632-8126