Manila Electric Co - Company Profile
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Manila Electric Co (Meralco), a subsidiary of First Pacific Co Ltd, is an electric distribution utility company in the private sector. It constructs, operates, and maintains the electricity distribution system in the cities and municipalities of Bulacan, Metro Manila, Cavite, Rizal and in the provinces of Laguna, Pampanga, Batangas and Quezon. The company’s major services include engineering, design, construction, consulting, distribution and energy management, bill collection, and communications, information systems and technology services. Meralco provides Power Quality Energy Services and Energy Efficiency Services to enterprises. the company provides tips for an energy-efficient home under Bright Ideas category. Meralco is headquartered in Pasig City, the Philippines.
Headquarters
Philippines
Address
Lopez Building, Ortigas Avenue, Pasig, Metro manila, 0300
Website
www.meralco.com.ph
Telephone
63 63 15567
No of Employees
5,930
Industry
Power
Ticker Symbol & Exchange
MER (PSE)
Revenue (2021)
$7.8B
33.9%
(2021 vs 2020)
EPS
XYZ
Net Income (2021)
XYZ
21%
(2021 vs 2020)
Market Cap*
$7.2B
Net Profit Margin (2021)
XYZ
-9.6%
(2021 vs 2020)
* As of and is in US$
Manila Electric Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product: | Electro-mechanical Engineering |
| Electricity | Consulting Telecoms Services |
| Insurance and Re-insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, Meralco Energy Inc. was selected by the Allied Care Experts Group of Hospitals to install electrical facilities for the day-to-day operations of two medical centers in the country. |
| 2024 | Plans/Strategy | In February, the company announced its plans to invest PHP100 billion in projects that prioritize energy security and address the challenges presented by climate change. |
| 2024 | Corporate Changes/Expansions | In January, the company added a new 115-kilovolt capacitor bank at its Duhat Substation in Bocaue, Bulacan, Philippines. |
Competitor Comparison
| Key Parameters | Manila Electric Co | First Gen Corp | Balamban Enerzone Corporation | Dagupan Electric Corp. | Mactan Electric Company, Inc. |
|---|---|---|---|---|---|
| Headquarters | Philippines | Philippines | Philippines | Philippines | Philippines |
| City | Pasig | Pasig | Cebu | Quezon City | - |
| State/Province | Metro manila | - | - | Quezon | - |
| No. of Employees | 5,930 | 2,156 | - | 149 | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Manuel V. Pangilinan | Chairman | Executive Board | 2012 | 76 |
| Ray C. Espinosa | President; Chief Executive Officer; Director | Executive Board | 2019 | 66 |
| Maria Luisa V. Alvendia | Chief Supply Chain Officer; Senior Vice President | Senior Management | 2024 | - |
| Edgardo V. Carasig | Chief Human Resources Officer; Senior Vice President | Senior Management | 2024 | - |
| Melanie T. Oteyza | Chief Audit Executive; Senior Vice President | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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