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AC Energy Philippines, Inc.

Company Description
AC Energy Philippines, Inc. (ACEPH), formerly PHINMA Energy Corporation (PHEN), was originally established and incorporated as Trans-Asia Oil and Mineral Development Corporation on September 8, 1969. ACEPH is engaged primarily in power generation and supply, with secondary investments in petroleum and geothermal exploration. On October 11, 2019, the Securities and Exchange Commission approved the change in corporate name to the present one.

ACEPH is engaged in power generation and trading, oil and mineral exploration, development and production. The Company was registered as a wholesale aggregator and is a licensed retail electricity supplier (RES). As a RES, the Company is allowed to supply electricity to the contestable market. Other activities of ACEPH include investments in various operating companies and financial instruments.

As of December 2018, the Company's wholly-owned subsidiaries are Phinma Renewable Energy Corporation; CIP II Power Corporation; One Subic Oil Distribution Corp. One Subic Power Generation Corporation; Phinma Power Generation Corporation; and Phinma Solar Energy Corporation. The Company also stakes in Phinma Petroleum and Geothermal, Inc.; Palawan55 Exploration & Production Corporation; South Luzon Thermal Energy Corporation; ACTA Power Corporation; and Maibarara Geothermal, Inc.

Source: SEC Form 17-A (2018)/Disc. No. 7215-2019
Security Information
Sector Industrial
Subsector Electricity, Energy, Power & Water
Corporate Life 50
Incorporation Date Sep 08, 1969
Number of Directors 11
Stockholders' Meeting as per By-Laws April - any day at 3 pm
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Bank of the Philippine Islands Stock Transfer Agency.
Contact Information
Business Address 4th Floor, 6750 Office Tower, Ayala Avenue, Makati City
E-mail Address
Telephone Number 7730-6300
Fax Number 7751-6511