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The Manila Electric Company (PSE: MER), also known as Meralco (/ m ɜːr ɑː l k oʊ /, Tagalog: [mɛˈɾalkɔ], stylized in uppercase), is an electric power distribution company in the Philippines. It is Metro Manila 's only electric power distributor and holds the power distribution franchise for 39 cities and 72 municipalities, including ...
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Meralco is an electric power distribution company in the Philippines serving the Greater Manila Area. Meralco may also refer to: Sports. Meralco Bolts, ...
Manila Electric Company (Meralco) - acquired by the Lopez Group 1962 and developed into a power-distributing company. Between 2009 and 2012, the Lopez Group would reduce its 33.4% holdings in MERALCO by selling most of its shares to the First Pacific Group. [5] [6] [7] Since 2012, the Lopez Group's maintains a 3.95% interest (one board seat) in ...
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Meralco was so large that many Filipino businessmen believed that its acquisition by a Filipino was nearly impossible. By 1960, Meralco was worth $66 million and served more than 360,000 customers. In 1961, Fortune Magazine cited that the company's operations and equipment were comparable to the best US power firms. [citation needed]
The change was enacted by Manuel M. Lopez, the chairman and chief executive officer of Meralco, and was designed to prolong the vision of Lopez’s father, Eugenio Lopez, Sr. (first Filipino owner of Meralco), and is in line with the company's policy of securing the welfare and well-being of its personnel. The change also put into use a new ...
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