Meralco | Ang Liwanag ng Bukas

Meralco Powergen Corporation (MGEN)

MGen is a wholly-owned subsidiary of Meralco. MGen’s mission is to develop highly cost-competitive and reliable power plants, and ensure the provision of adequate, reliable and affordable power to residential, commercial and industrial customers in the Meralco franchise area and in other areas which may benefit from its supply of power.

On July 22, 2011, MGen signed a Shareholders' Agreement with Therma Power Inc. (TPI) and Taiwan Cogeneration International Corporation - Philippine Branch (TCIC) to formalize MGen's participation in Redondo Peninsula Energy, Inc. (RP Energy) for the construction and operation of a 600 MW independent coal-fired Circulating Fluidized Bed (CFB) power plant in the Subic Bay Freeport Zone. MGen has the largest shareholding in RP Energy with the Meralco Employee's Retirement Fund holding a relatively small interest, and TPI and TCIC owning the remaining stake equally.

MGen is also in the process of developing other power generation projects for the planned portfolio of potentially up to 2,500 MW total power generation capacity.

MANUEL V. PANGILINAN
Chairman
(please refer to Board of Directors profile)

OSCAR S. REYES
President
(please refer to Board of Directors profile)

AARON A. DOMINGO, 47
Executive Vice President & General Manager Director
Mr. Domingo holds a Bachelor of Science degree in Business Administration, summa cum laude, from Syracuse University, New York and a Masters in Business Administration from the University of Chicago Graduate School of Business in Illinois, USA. He is a Director of Calamba Aero Power Corporation. He was a Director of GE Capital Structured Finance Group; the Chief Operating Officer of Asian Energy Ventures Group; Managing Director of Moneta Capital Ltd., UPC Renewables Partners BV and Noble Energy Development Ltd. He has 16 years of experience in business development, capital raising, restructuring and energy finance.

Clark Electric Distribution Corporation (CEDC)

CEDC is 65%-owned by Meralco and 35%-owned by Angeles Electric Corporation. It is the exclusive franchised distribution company in the Clark Economic Zone (CEZ) through its three substations with a total capacity of 98 MVA. Its present distribution network consists of 1,281 distribution transformers, 128-km linear length of primary lines and 48.82-km of secondary lines. Its system loss has continuously improved from 7.01% in 2002 to 3.96% in 2011. Its supply rates are one of the lowest in Luzon. CEDC aspires to be a world-class electric distribution utility and CEZ’s partner towards the nation’s progress. CEDC has filed its application for the approval of the translation into distribution rates of different customer classes for the first Regulatory Year of the ERC - approved Annual Revenue Requirement, under Performance-Based Regulation for the Regulatory Period October 1, 2011 to September 30, 2015.

PETER G. NEPOMUCENO, 74
Chairman
Mr. Nepomuceno holds a Bachelor of Science degree in Civil Engineering from the Mapua Institute of Technology and a Bachelor’s degree in literature from Ateneo de Manila University. He is the Chairman and President of Angeles Power Inc., J Ten Equities, New Move Realty Inc., and Mavwin Properties Inc. He is the Chairman of Angeles Electric Corporation, Mindanao Energy Corporation and Nepomuceno Group of Companies. He is a member of the Board of Directors of Philippine Electric Market Corporation (PEMC) and Holy Angel University.

JESUS P. FRANCISCO, 67
President and Director
Mr. Francisco is a Mechanical and Electrical Engineering graduate of the University of the Philippines. He earned his Master’s Degree in Business Management and graduated from the Washington SyCip Graduate School of Business, Asian Institute of Management. He completed the International Senior Managers Program of the Harvard Business School in Vevey, Switzerland (an off-campus management program) and the Strategic Business Economics Program of the University of Asia and the Pacific. He is the President and a Director of Meralco Industrial Engineering Services Corporation (Miescor) and Meralco Energy, Inc.; Chairman and President of Miescorrail Inc. and Landbees Corporation. He is the Chairman of Miescor Builders Inc. He is also Chairman of the Board of Haribon Foundation; Trustee of Preferred Energy, Inc.; member of Philippine Foundation for Science and Technology; and Chairman Emeritus of UP Engineering Research and Development Foundation, Inc. He was President and Chief Operating Officer and a Director of Meralco.

Radius Telecoms, Inc. (Radius)

Radius Telecoms, Inc. is a 100%-owned subsidiary, operating a telecommunications infrastructure anchored on more than 2,000-kilometer fiber optic network within the Meralco franchise area. Radius offers world-class connectivity solutions in local and international carriers, internet service providers, data centers and other businesses, which are present in major thoroughfares, business districts, industrial parks and data centers. Radius services include Carrier Ethernet Services, High Capacity Service, SONET/SDH Services, and Dedicated Internet Access.

Radius' vast fiber optic resources and expertise have made them the preferred networking partner of the biggest names in the ICT and Telecommunications industries. Radius is committed to stay ahead of the ever-increasing demand for higher bandwidth, and they are constantly finding ways to improve their network whether through maximizing their existing infrastructure or migrating to the latest technology to deliver the high quality services to their customers. It consistently delivers installation lead times that are beyond industry standards. Radius is the 3^rd local telecommunications company that recently became a member of the Metro Ethernet Forum (MEF), an international industry consortium, dedicated to worldwide adoption of Carrier Ethernet networks and services composed of leading service providers, major incumbent local exchange carriers, network equipment vendors, and other networking companies that share an interest in Metro Ethernet, true to its commitment to operate a future-proof network.

Radius simply connects businesses at the speed of light!

FELIPE B. ALFONSO , 74
Chairman
Mr. Alfonso holds a Bachelor of Laws degree from Ateneo de Manila University and Masters in Business Administration from New York University. He is the Chairman of the Board of STI Inc. He is a member of the Board of Directors of AIG Global Fund, Inc., Andorra Ventures Corporation, Lopez Holdings Corporation, First Philippine Realty Corporation, Jollibee Foods Corporation, several PHILAM Funds, Philippine Investment Management, Inc. and Phinma Corporation. He is a Trustee of the Coca-Cola Foundation of the Philippines, First Philippine Conservation, Inc., Knowledge Channel Foundation, Inc., Philippine Foundation for Global Concerns, Inc., and STI Foundation. He is also the Vice Chairman of the Lopez Group Foundation, Inc.

RAYMOND B. RAVELO , 34
President and CEO
Mr. Ravelo has a Bachelor of Science degree, magna cum laude, in Management Engineering from the Ateneo de Manila University. In 2005, he completed his Masters in Business Administration with majors in Strategic Management and Marketing at the Wharton School of the University of Pennsylvania where he was a Joseph Wharton Fellow recognized for outstanding leadership, professional achievement and academic excellence. He is also a member of the Board of Trustees of the Wharton-Penn Alumni Association Inc.

He began his career in management consulting as part of McKinsey and Company’s Mid-Atlantic Office, based in Washington, DC. In his 4 years in the firm, he served clients in different industries such as financial services, telecommunications, and consumer packaged goods across various geographies including North America, Latin America, Europe, and Southeast Asia. His work in the firm entailed helping clients on strategy development, operations transformations and marketing and sales transformations.

He is concurrently the Chief Strategy and Corporate Development officer of Meralco.

Corporate Information Solutions, Inc. (CIS)

CIS is wholly-owned by Meralco. It was incorporated in 1974 to provide information technology services and integrated business solutions to enterprise clients.

In 1997, CIS engaged in the business of bills payment collection, which was spun off as CIS Bayad Center, Inc., (formally incorporated in 2006). CIS Bayad Center, Inc. offers the largest network of bills payment collection service in the Philippines operating nationwide with brand name “Bayad Center.” Bayad Center is the country’s trailblazer and brand leader in outsourced overthe- counter payment collection. Trusted by top multinational and local organizations with their payment collection requirements, it accepts payments for over 160 industry-leading partners through its more than 1,700-strong, strategicallylocated branches in the country, and US-based online payment facility. To complement its bills payment business, Bayad Center now offers electronic wallet services for vehicle insurance, prepaid loading, and service applications acceptance. In 2011, Bayad Center was awarded “Best in Franchising Support” by Entrepreneur Magazine for its nationwide network of sites. It is set on becoming the leading Service Fulfilment Center of the country.

OSCAR S. REYES
Chairman
(please refer to Board of Directors profile)

MANUEL LORENZO L. TUASON
President and CEO and Director

Lighthouse Overseas Insurance Limited (LOIL)

LOIL, Meralco’s wholly-owned subsidiary and captive reinsurer, is registered as a Class 1 insurer under The Bermuda Insurance Act 1978 and Related Regulations. LOIL was incorporated in Bermuda in 2007 and received its license to operate in the territory in 2008. Together with Republic Surety and Insurance Company, Inc., LOIL plays a major role in Meralco’s business risk management model. LOIL serves as the vehicle to reinsure Meralco’s major catastrophic risk exposure.

OSCAR S. REYES, Chairman
(please refer to Board of Directors profile)

BETTY C. SIY-YAP, President and Director
(please refer to Corporate Officers profile)

Meralco Energy, Inc. (MEI)

MEI was established as a wholly-owned subsidiary of Meralco in June 2000 to provide demand-side energy services to Meralco’s key accounts. It aims to establish itself as a “Super” Energy Service Company (ESCO), which offers integrated energy efficiency solutions including marketing, investment grade energy auditing, engineering design capability, turnkey installation management, project financing development, monitoring and performance assurance of energy management projects.

OSCAR S. REYES, Chairman
(please refer to Board of Directors profile)

JESUS P. FRANCISCO,Vice Chairman and President
(please refer to profile under Clark Electric Distribution Corporation)

Meralco Financial Services Corporation (FINSERVE)

A wholly-owned subsidiary of Meralco, Finserve was established in 2002 to enhance Meralco’s shareholder value creation and expand customer service through innovative consumer and customer-based products and services that support Meralco’s core business. Its range of services is envisioned to improve customer convenience and develop customer loyalty. Finserve has embarked on investing and managing commercial center operations with The Strip along Ortigas Avenue as its flagship project. To give more value to consumers through partnerships with major corporations, Finserve also has in its portfolio the Integrated Direct Marketing (IDM) business, which offers targeted advertising and marketing services utilizing nontraditional channels. Finserve has added telecollection, which offers a committed service on efficient and speedy collection of a company’s receivables.

MONICO V. JACOB
Chairman and President
(please refer to profile under Republic Surety and Insurance Company, Inc.)

MARY JOCELYN Z. FRANQUELLI, 39
General Manager
Ms. Franquelli holds a Bachelor of Science degree in Electronics and Communications Engineering from De La Salle University. She headed the sales, marketing and operations of a telecommunications company and various local and international BPO companies before joining Finserve. Prior to her appointment as General Manager, she managed the Home MasterCard and Call Center business lines. Ms. Franquelli was appointed General Manager in May 2010.

Meralco Industrial Engineering Services Corp. (MIESCOR)

Miescor is 99%-owned by Meralco with the remaining 1% by the Miescor Provident Fund. Miescor, a holder of the highest contractor license Category AAA since 1982, is a contractor-specialist engaged in engineering, construction and maintenance activities related to power generation, transmission and distribution, as well as industrial plants, water resources and telecommunications. Miescor is Meralco’s most reliable service provider in electro-mechanical works, engineering, distribution and technical services. It also handles telecommunication projects for its affiliates and third parties for Meralco.

To support Miescor in achieving its aspirations of becoming the top-of-mind electromechanical service provider and a preferred Engineering, Procurement and Construction (EPC) contractor in power generation, transmission and distribution are its subsidiaries Miescor Builders, Inc., Landbees Corporation and Miescorrail, Inc.

OSCAR S. REYES, Chairman
(please refer to Board of Directors profile)

JESUS P. FRANCISCO, President and Director
(please refer to profile under Clark Electric Distribution Corporation)

e-Meralco Ventures, Inc. (EMVI)

eMVI is a wholly-owned subsidiary of Meralco, operating a telecommunications infrastructure anchored on a 2,000-km fiber optic network within the Meralco franchise area. It offers data connectivity solutions to local and international carriers, internet service providers, data centers and other businesses. It is a premium data transport provider to the biggest names in the market. Its services include leased line connections, Metro Ethernet connections, disaster recovery transport services, and dedicated internet access. Over the years, it has consistently maintained service levels significantly above industry standards and has always been true to its commitment to operate a future-proof network.

eMVI together with its subsidiary, Radius Telecoms, Inc. aim to be the fiber optic solutions provider of choice in the country.

FELIPE B. ALFONSO
Chairman

RAYMOND B. RAVELO
President and CEO and Director

Republic Surety And Insurance Company, Inc. (RSIC)

RSIC is a professional non-life insurance company and a wholly-owned subsidiary of Meralco. It was acquired in 2007 to align with Meralco’s recognition of the imperative for a disciplined approach in managing its risk exposures. RSIC continues to renew an insurance program that provides coverage to Meralco’s transmission and distribution assets. It aims to be the most dynamic, pro-active risk management and underwriting company – not just for Meralco, its subsidiaries and affiliated companies in terms of synergistic opportunities, but for the insurance industry as a whole, with a commitment to implement risk management methods with emphasis on risk analysis and mitigation, loss control management and general insurance management

MONICO V. JACOB, 65
Chairman
Atty. Jacob holds a Bachelor of Arts degree major in Liberal Arts from the Ateneo de Naga University and a Bachelor of Laws degree from the Ateneo de Manila University. He is the President and CEO of the STI Education Services Group, PhilPlans First, Inc. and Philhealthcare, Inc. He is the Chairman of Information and Communications Technology Academy (iAcademy), Global Resource for Outsourced Workers, Inc. (GROW, Inc.), Total Consolidated Asset Management, Inc., and Accent/STI Banawe Management, Inc. He is a member of the Board of Directors of Advent Capital and Finance Corporation, Mindanao Energy Corporation and Phoenix Petroleum Philippines. He was President and a director of Petron Corporation. He is Partner in the law firm Jacob & Jacob. He is a member and was President of the Management Association of the Philippines (MAP).

Pedro P. Benedicto , Jr., 55
President and Director
Mr. Benedicto holds a Bachelor of Science degree in Electrical Engineering from the Mapua Institute of Technology. He has a PhD in Insurance and Risk Management and is taking up Doctorate in Business Administration at De La Salle Professional Schools, Inc., where he also finished his Masters in Business Administration. He received a certification as a Master of Insurance and Risk Management from Ashwood University, USA (on-line). He is a Fellow of the Georgia State University in International Insurance and Risk Management and the Institute of Corporate Directors (ICD). He is the Chairman of Philippine Insurers and Reinsurers Association, Inc. He was President and CEO of Pioneer Intercontinental Insurance Corporation, Director of the Philippine General Insurers Association; President of the Insurance and Surety Association of the Phils., Member of the Professional Liability Underwriting Society; President of the Philippine Insurance Institute and an ex-officio Member of the PII Council.