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Home > Company Index > Utilities > Independent Power Producers & Marketers > Manila Electric Company

Manila Electric Company
 NEWS FROM THE WIRES
RESEARCH ALERT-Analysts cut estimates for five investment banks
Aug 23 2001 09:01 AM PDT

Goldman still a leading M&A player -- Keefe
Aug 21 2001 09:01 AM PDT

Goldman still a leading M&A player -- Keefe
Aug 21 2001 07:48 AM PDT

Bank One lays off 20 public finance staffers
Aug 20 2001 09:53 AM PDT

CSFB names former SEC executive as general counsel
Aug 20 2001 08:50 AM PDT

More WIRE STORIES about this company

 PROFILE
Manila Electric Company (Meralco) is the largest utility in the Philippines, providing power for nearly 3.7 million customers in metropolitan Manila and surrounding areas. Meralco purchases 87% of its electricity from the state-owned National Power Corp. (Napocor); the rest comes from independent power producers. Deregulation has prompted the government to split up Napocor, and Meralco plans to buy its subtransmission assets. Meralco is also preparing for competition by moving into nonregulated activities, including fiber optics and e-commerce. It is also investing in the development of cogeneration plants. The Philippine government has announced plans to sell its 10% stake in the company.

 COMPETITION
American Electric Power Company, Inc. (AEP)
Mirant Corporation (MIR)
TOMEN Corporation (8003)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,136.50
1-Yr. Sales Growth: 1.7%
Employees: 6,408
Revenue per employee: $333,411.36

 KEY PEOPLE
• Manuel M. Lopez
    CEO
• Daniel D. Tagaza
    CFO

 CONTACT INFO
Meralco Compound, Ortigas Ave.
Pasig City Metro Manila 0300, Philippines
Phone: 63-2-631-2222
Fax: 63-2-632-8501
Online: Web Site

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