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SPC Power Corporation
| SPC Power Corporation (SPC), formerly Salcon Power Corporation, was incorporated on March 11, 1994 as a venture company organized by members of the Salcon Consortium which entered into a rehabilitation, operation, maintenance and management (ROMM) agreement with the National Power Corporation (NPC) on March 25, 1994 for the purpose of undertaking the ROMM of the 203.8 MW Naga power plant complex in Colon, Naga, Cebu. SPC has authorization to sell all of the electricity generated from the Naga power plant complex to NPC under a take-or-pay agreement. On January 4, 2017, the Securities and Exchange Commission approved the change in its primary purpose to the business of selling, brokering, marketing or aggregating electricity to end users. SPC's subsidiaries are SPC Island Power Corporation; Cebu Naga Power Corporation; SPC Malaya Power Corporation; Bohol Light Company, Inc.; SPC Light Company, Inc.; and SPC Electronic Company, Inc. The Company's associates are Mactan Electric Company, Inc., KEPCO SPC Power Corporation, and SIPC Water Resources, Inc. Source: SEC Form 17-A (2023) |
| Sector | Industrial |
|---|---|
| Subsector | Electricity, Energy, Power & Water |
| Corporate Life | 50 |
| Incorporation Date | Mar 11, 1994 |
| Number of Directors | 11 |
| Stockholders' Meeting as per By-Laws | 3rd Monday of April of each year |
| Fiscal Year | 12/31 (Month/Day) |
| External Auditor | SyCip, Gorres, Velayo & Company |
| Transfer Agent | Stock Transfer Service, Inc. |
| Business Address | 7th Floor, Cebu Holdings Center, Archbishop Reyes Avenue, Cebu Business Park, Cebu City |
|---|---|
| E-mail Address | [email protected] |
| Telephone Number | 8810-4474 to 77 |
| Fax Number | 8893-4844 |
| Website | http://www.spcpowergroup.com |
