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Manila Electric Co
Lopez Building, Ortigas Avenue
Phone: +63 6315567p:+63 6315567 PASIG, 0300  Philippines Ticker: MERMER
Business Summary
Manila Electric Co. is an electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. The Company operates through two segments: Power and Other Services. The Power segment consists of electricity distribution, power generation and rental electricity services (RES). Electricity distribution includes electricity distribution and supply of power on a pass-through basis covering all captive customers in the MERALCO and the Clark Electric franchise areas in Luzon. The other services segment is involved principally in electricity-related services, such as, electro-mechanical engineering, construction, consulting and related manpower services, e-transaction and bills collection, telecommunications services, rail-related operations and maintenance services, insurance and re-insurance, e-business development, power distribution management, energy systems management and harnessing renewable energy, construction, and leasing of communication towers.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023Yes----

Industries
SIC Code Description
4911 Electric services
1541 General contractors-industrial buildings and warehouses
7322 Adjustment and collection services
6411 Insurance agents, brokers, and service

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Chief Executive Officer Manuel V.Pangilinan 77 7/1/2023 5/26/2009
President, Director Ray C.Espinosa 66 7/1/2023 5/26/2009
Non-Executive Vice Chairman of the Board Lance Y.Gokongwei 57 12/16/2013 12/16/2013
12 additional Officers and Directors records available in full report.

Business Names
Business Name
Manila Electric Company
MER
MERB

General Information
Number of Employees: 5,968 (As of 12/31/2023)
Outstanding Shares: 1,126,827,588 (As of 12/31/2023)
Shareholders: 40,960
Stock Exchange: PSE
Fax Number: +63 6328126


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Tuesday, April 23, 2024