Manila Electric Co - Company Profile
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Business Description
Manila Electric Co (Meralco) is primarily engaged in the distribution and generation of electricity, and retail electricity supply (RES). The company is involved in power generation, distribution, retail electricity supply, and beyond-the-meter services. It also constructs, operates, and maintains the electricity distribution system in the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal, and barangays in the provinces of Batangas, Laguna, Pampanga, and Quezon.
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Business Segments
Overview
Carries out electricity distribution and power generation, and operates a retail electricity supply (RES) unit. It also distributes electricity on a pass-through basis, covering all captive customers in its franchise area. The major operating subsidiaries include Clark Electric Distribution Corporation (CEDC), Clark Development Corporation (CDC) and Meralco PowerGen Corp (MGen).
Performance
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Overview
Provides engineering, design, construction, and consulting, distribution and energy management, bill collection, communications, information systems, and technology services. Major operating subsidiaries include Meralco Industrial Engineering Services Corporation (MIESCOR), CIS Bayad Center, Inc., Lighthouse Overseas Insurance Limited, Republic Surety and Insurance Company, Inc., Meralco Financial Services Corporation, e-Meralco Ventures, Inc and Meralco Energy, Inc.
Performance
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