- Meralco Powergen Corporation (MPG)
- Clark Electric Distribution Corporation (CEDC)
- Radius Telecoms, Inc.
- Meralco Financial Services Corporation (FINSERVE)
- Lighthouse Overseas Insurance Limited (LOIL)
- Meralco Energy, Inc. (MEI)
- Meralco Industrial Engineering Services Corporation (MIESCOR)
- Rockwell Land Corporation (ROCKWELL)
- Republic Surety and Insurance Company, Inc. (RSIC)
Meralco Powergen Corporation (MPG)
MPG is a wholly-owned subsidiary of Manila Electric Company (Meralco) established to develop, finance, construct, own, operate and maintain power generation assets.
MPG’s mission is to develop highly cost-competitive and reliable power plants. As Meralco’s vehicle for re-entry into power generation, it will enable Meralco to better assure the provision of adequate, reliable and affordable power to residential, commercial and industrial customers in the Meralco franchise area.
It is currently in the process of developing a portfolio of baseload, mid-merit and peaking generating plants potentially utilizing clean coal, liquefied natural gas (LNG), and/or aeroderivative gas turbine technologies. It intends to build new generating capacity of 1,500 MW, principally in cooperation with strategic partners.
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). The company distributes power within CEZ through its three substations with a total capacity of 110.5 MVA. Its present distribution network consists of 1,412 distribution transformers, 117 km of primary lines and 31 km of secondary lines. Its system loss has continuously improved from 9.76% in 2002 to 3.81% in 2010 and its supply rates are one of the lowest in Luzon.
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. 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 3rd 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 & 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.
Meralco Financial Services Corporation (FINSERVE)
A wholly-owned subsidiary of Meralco, Finserve was established in 2002 to create shareholder value by enhancing the range of value-adding services provided by Meralco through a portfolio of innovative consumer and customerbased products and multi-services that cater to retail and corporate clients.
For the retail base, Finserve together with Banco de Oro created HOME MasterCard, the first home and family oriented credit card that allows Meralco customers to pay their electricity and other utility bills under convenient charging schemes, including auto charge and payment on demand. Also catering to corporate clients, Finserve provides loyalty/rewards program management to aid companies in their marketing and consumer retention programs.
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.
Lighthouse Overseas Insurance Company, 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. The company was incorporated in Bermuda in 2007 and received its license to operate in the territory in 2008.
Together with RSIC, LOIL plays a major role in Meralco’s business risk management model. The company 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 (please refer to Corporate Officers profile)
Meralco Energy, Inc. (MEI)
MEI is a wholly-owned subsidiary of Meralco established in June 2000 to provide demand-side energy services to Meralco’s key accounts. It aims to be the country’s premier energy management company by providing innovative energy solutions to industrial, commercial and large residential customers and creating value for these customers through promotion of energy efficiency, renewable energy and innovation.
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 Industrial Engineering Services Corp. (MIESCOR)
Miescor is 99%-owned by Meralco and 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 Meralco, e-Meralco Ventures, Inc. and Philippine Long Distance Telephone Company. Among its external clients are the Bangko Sentral ng Pilipinas (BSP), First Gen Corporation, Quezon Power (Philippines) Limited Co. (QPPL), Chevron Philippines, Inc., Maynilad Water Services, Inc. and the Department of Finance.
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)
Rockwell Land Corporation
Rockwell Land is 51%-owned by Meralco and 49%-owned by First Philippine Holdings Corporation. Formed in 1995, the company is one of the premier real estate developers in the Philippines and its ground-breaking master plan transformed Meralco’s former thermal plant site into a high-end residential living and commercial environment now known as the Rockwell Center. Rockwell Center, the company’s flagship project, sits on a 15.5-hectare site in Makati City and is strategically located between the three major commercial business districts of Makati City, Bonifacio Global City and Ortigas.
MANUEL M. LOPEZ, Chairman (please refer to Board of Directors profile)
OSCAR M. LOPEZ , 80 Vice Chairman Mr. Lopez holds a Bachelor of Arts degree, cum laude, from Harvard College, USA and a Masters degree in Public Administration from Littauer School of Public Administration, Harvard University. He is the Chairman of First Philippine Industrial Park, Asian Eye Institute, Inc., Griffin Sierra Travel Inc., Inaec Aviation Corp., Securities Transfer Services, Inc. and other companies in the Lopez Group. He is a member of the Board of Directors of ABS-CBN Broadcasting Corp. and Benpres Insurance Agency. He is the Chairman of the Lopez Group Foundation, Inc., Knowledge Channel Foundation, Inc. and the Eugenio Lopez Foundation, Inc. He was Chairman and CEO of Lopez Holdings Corporation, First Philippine Holdings Corporation and First Gen Corporation; and is the Chairman Emeritus of these companies.
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 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.
RSIC is licensed to write the full spectrum of non-life insurance business to include property (fire and allied perils, industrial all risks and commercial all risks) and engineering, casualty, marine and aviation, motor, surety and special packages.
RSIC’s objective is to become an acknowledged leader in the field of risk management and to ensure profitability and market share while adhering to the principles of good corporate governance and corporate social responsibility. It envisions itself to be a total risk solutions provider and a major player in the local insurance industry in the near future.
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.