About Manila Electric

Manila Electric Company engages in the distribution and sale of electric energy through its distribution network facilities in its franchise area. The company’s distributes electricity in 50 franchise areas in Metro Manila and in six surrounding provinces. Its market is categorized into four sectors, such as residential, commercial, industrial, and streetlights. Subsidiaries The company’s subsidiaries engage in engineering, construction and consulting services, information systems and technology, real estate, insurance and other electricity-related services. Meralco Industrial Engineering Services Corporation (MIESCOR): MIESCOR is a construction and engineering company, which operates in the fields of power and industrial plants, transmission and distribution, waterworks and telecommunications. In 2008, the company completed various major projects, including Clark Electric Distribution Corporation’s 33MVA/69kV Kalaw Substation; First Philippine Industrial Corporation’s rehabilitation of 18 inches diameter Black Oil Pipe Line (BOPL) Phase 5 and reconstruction of valve box at Binan; waterwork projects, such as MWCI’s pipe laying works along Evangelista Street in Pasig, E. Rodriguez Jr. in C-5; and MWSI’s rehabilitation of pumping station at Caloocan City. MIESCOR has two subsidiaries: Miescor Builders Inc. (MBI) and Landbees Corporation. MBI is engaged in the construction, operation and maintenance of electric distribution facilities and various technical services, while Landbees Corporation, a general services firm specializing in buildings and grounds maintenance and repair and maintenance of facilities and equipment, is maintaining the various facilities of Meralco in Ortigas Center, as well as its other sectors and branches. Corporate Information Solutions, Inc. (CIS, Inc.): CIS, Inc. provides information technology services and integrated business solutions, focusing on the functional areas that are critical to customers’ business continuity, growth and profitability. CIS Bayad Center, Inc. (CBCI) operates in the outsourced over-the-counter (OTC) bills payment collection industry. Bayad Center accepts payments for approximately 150 brands through its 900 branches throughout the Philippines. Bayad Center has established a wholly owned subsidiary, the Outsourced Teleserve Corporation, which provides strategic tellering services to Bayad Center’s key corporate partners. Rockwell Land Corporation: Rockwell Land Corporation is a joint venture between Meralco, Benpres Holdings Corporation and First Philippine Holdings Corporation incorporated. It is a property development company initially tasked to develop the 15.5-hectare Rockwell Center into a prime residential and commercial area. Meralco Energy, Inc. (MEI): MEI provides loadside energy services to Meralco customers. It also provides other types of services, such as electrical testing, emergency troubleshooting and supply and installation of major electrical equipment. e-Meralco Ventures, Inc. (e-MVI): e-MVI is a 100% owned subsidiary of the company. e-MVI is in the data transport and infrastructure business. As such, it moves data communications and business applications from geographically dispersed sites through its service portfolio: leased line connections, metro Ethernet connections, and disaster recovery transport services. As a carrier’s carrier, e-MVI serves the telecommunications industry, as well as customers with complex corporate networks. Meralco Financial Services Corporation (Finserve): Finserve offers a range of products and services that cater to retail and corporate clients. For the retail base, Finserve together with Banco de Oro, created HOME MasterCard, the home and family oriented credit card that enables Meralco customers to pay their electricity and other utility bills under convenient charging schemes, including auto charge and payment on demand. In servicing the corporate market, Finserve operates its Integrated Direct Marketing (iDM) service which includes direct mail campaigns, targeted advertising and a publication, Current magazine. iDM services are availed of by insurance companies, banks, consumer goods companies and educational institutions wanting to reach out to their specific markets. Also catering to corporate clients, Finserve provides loyalty/rewards program management to aid companies in their marketing and consumer retention programs such as the Meralco Liwanag Card program. Its business portfolio also includes ‘The Strip’, a commercial complex located along Ortigas Avenue. The Strip is home to prominent restaurant, retail and banking establishments. Republic Surety and Insurance Company, Inc. (RSIC): RSIC is a professional non-life insurance company. Its mission and purpose is to be a professional risk taker of choice with emphasis on risk management and insurance. Lighthouse Overseas Insurance Company, Limited (LOIL): LOIL is the company’s captive reinsurer, a wholly-owned subsidiary domiciled in the British overseas territory of Bermuda. This offshore company serves as the vehicle to reinsure the company’s major catastrophic risk exposures. Clark Electric Distribution Corporation (CEDC): CEDC serves its valued customers/locators, such as Yokohama Tire Philippines, Inc. – the locator; Diosdado Macapagal International Airport (DMIA); the Singapore International Airlines-Cebu Pacific Air maintenance hub; SM City Clark Shopping Mall; Smart Shirt Philippines - a garment factory; Philippine Air Force (PAF); and other tourism related business like Holiday Inn, Mimosa, and Fontana. The National Power Corporation (NPC) is the power supplier of the company via two 69kV transmission lines of National Grid Corporation of Philippines (NGCP).