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COMPANY PROFILE
Based on 2009 Annual Report
Since 1903, Meralco has powered the growth of the Philippines and its people. As
the premier electric service distributor, it is an inseparable partner for prog
ress. Consistently in the list of the Philippines top five corporations and cited
among Asia s finest, Meralco today serves the country s prime business districts an
d top corporations.
The 9,337 sq. km. franchise area covers 31 cities and 80 municipalities includin
g Metro Manila, the entire provinces of Bulacan, Rizal and Cavite; parts of the
provinces of Laguna, Quezon, Batangas and Pampanga. Electrification level in the
franchise is 98.7%.
Meralco s service area, equivalent to only about 3% of the country s total land area
, produces almost 46% of the gross domestic product (GDP), 33% from Metro Manila
alone. The franchise area is home to 24.7 million people, roughly a quarter of
the entire Philippine population of 92 million.
With its newly-formed partnerships with San Miguel Corporation (Southeast Asia s l
argest food conglomerate) and Philippine Long Distance Telephone Company (the co
untry s leading telecommunications provider), Meralco is now more equipped to try
other businesses and introduce new innovations to better serve its customers.
CSR Philosophy
Excellence in Business through Responsible Corporate Citizenship
CSR Vision
To foster Corporate Social Responsibility programs which address the needs o
f communities within MERALCO s business environment
CSR Mission
To render a holistic response to society's needs by relying on the sense of
dedication and service of the MERALCO volunteers.
CSR Principles
Volunteerism, Timeliness and Sustainability
Social Investments
Social investment projects are timely charitable assistance projects for communi
ties in need, either directly or through partnership with other institutions. Th
ese include traditional Christmas gift-giving activities for children spearheade
d by Meralco executives, corporate-wide outreach projects, and relief operations
among others.
Programs:
Dulot Liwanag at Sagip Bayan Program
(DILAW SA BAYAN)
Meralco Relief Program
Nakakikilabot ang pinsala dulot ng bagyong Ondoy. Milyun-milyon ang apektado at
ayon sa datus ng isang TV network, 310 na ang nasawi at maaaring tumaas pa ang b
ilang na ito.
Kabilang sa mga biktima ang mga empleyado ng Meralco at kanilang pamilya. Ganun
din ang malaking bilang ng contractual employees, kabilang na ang mga agency gua
rds, janitors at iba pa. Karamihan sa mga ito ay naninirahan sa Eastern Metro Ma
nila at Cainta, Antipolo sa lalawigan ng Rizal.
Hindi lamang mga bahay ang nalubog sa tubig kundi pati ang mga gamit tulad ng mg
a appliances, furniture, kotse at mga iba pang mahahalagang bagay.
Bakit ba nangyari ito? Bakit mabilis na tumaas ang tubig? Kung parehas lang nama
n ang dami ng ulan sa buong Metro Manila at karatig na mga lugar, bakit higit na
mas marami ang naipon na tubig sa Pasig, Cainta, Marikina, San Mateo, Montalban
, Antipolo at ibang lugar sa Quezon City? Bakit nagpakawala ng maraming tubig sa
ibat-ibang dam nang walang pasabi?
Maraming katanungan ang walang maayos na kasagutan. Malaki ang problema na hindi
pa rin nauugat ang dahilan at hindi nabibigyan ng tamang lunas. Ngunit, sa kasa
lukuyang sitwasyon, mas kailangang tulungan muna natin ang ating mga kababayang
lubos na nahihirapan kaysa mag-analisa ng nangyaring sakuna.
Umaksyon agad ang Meralco upang matulungan ang mga biktima ni Ondoy. Simula Ling
go ng umaga, ika-27 ng Setyembre, inumpisahan na ang pagkilos. Kahit papaano, na
katulong tayo sa pagsagip sa mga nanganganib. Ang ibang opisina ng Meralco ay na
ging pansamantalang tuluyan ng mga na-stranded ng baha.
Pagkain, inuming tubig, damit at kumot ang mga pangunahing pangangailangan ng mg
a biktima. Nagkaroon agad ng mobilisasyon upang maka-ipon ng mga relief goods. N
agbigay ng donasyon ang ating business partners at mga empleyado mismo. Ang mga
naipon ay inilagak sa Multi-purpose Hall, Fitness Center. Mga 651 na empleyado a
ng nag-volunteer upang magre-pack at mamahagi ng mga ito.
Nakatutuwa malaman na ilan sa mga employee-volunteers ay biktima mismo ng bagyon
g Ondoy. Yung mga janitors na hanggang ngayon ay lubog pa sa baha ang mga bahay
ay katulong sa pag re-repack ng relief goods. Nagbabalot din dun ng relief goods
ang isang lady executive ng Meralco na nakatira sa Cainta na lubog pa ang bahay
at brand new na kotse.
Marami ang naging bayani sa sakunang ito. May mga sundalong namatay habang inili
ligtas ang kanilang kababayan sa Laguna. May isang binatilyo na maraming iniligt
as ngunit bandang huli ay namatay dahil nabagsakan ng TV set. Mayroon namang isa
ng Judge, gamit ang kanyang Jetski, nagligtas sa mga nanganib niyang kababayan.
Kabilang sa mga unsung heroes ang mga kawani ng Meralco na tuloy ang pagbibigay ng
serbisyo baha man o bagyo, naka assign man sa Networks, Business Center, Teleco
ms at iba pa. Likas sa mga empleyado ng Meralco na bigyang lunas ang kanilang sa
riling suliranin, ngunit sila ay handa rin tumulong sa kanilang kapwa sa lahat n
g oras, hindi lang sa pagkukumpuni ng kanilang kuryente kundi pati na rin ang ib
a pang pangunahing pangangailangan ng mga customer.
Nakatutuwa malaman na ilan sa mga employee-volunteers ay biktima mismo ng bagyon
g Ondoy. Yung mga janitors na hanggang ngayon ay lubog pa sa baha ang mga bahay
ay katulong sa pag re-repack ng relief goods. Nagbabalot din dun ng relief goods
ang isang lady executive ng Meralco na nakatira sa Cainta na lubog pa ang bahay
at brand new na kotse.
Marami ang naging bayani sa sakunang ito. May mga sundalong namatay habang inili
ligtas ang kanilang kababayan sa Laguna. May isang binatilyo na maraming iniligt
as ngunit bandang huli ay namatay dahil nabagsakan ng TV set. Mayroon namang isa
ng Judge, gamit ang kanyang Jetski, nagligtas sa mga nanganib niyang kababayan.
Kabilang sa mga unsung heroes ang mga kawani ng Meralco na tuloy ang pagbibigay ng
serbisyo baha man o bagyo, naka assign man sa Networks, Business Center, Teleco
ms at iba pa. Likas sa mga empleyado ng Meralco na bigyang lunas ang kanilang sa
riling suliranin, ngunit sila ay handa rin tumulong sa kanilang kapwa sa lahat n
g oras, hindi lang sa pagkukumpuni ng kanilang kuryente kundi pati na rin ang ib
a pang pangunahing pangangailangan ng mga customer.
15,377 bags ng relief goods laman ang mga donasyon mula sa mga empleyado, busine
ss partners, at maging ang mga simpleng mamayan, at 48 kaban ng bigas, ang naipa
mahagi na sa iba t-ibang lugar tulad ng Alabang, Montalban, San Mateo, Taytay, Mal
abon, Antipolo, Pasig, Valenzuela, Angono, Binangonan, Tanay, Caloocan, Marilao,
Marikina, Pasig, Tatalon, Pateros, Taguig, Cainta, Obando, Cavite at Laguna.
Tulungan natin ang mga biktima ng bagyong Ondoy kahit sa ano mang paraan. Suport
ahan natin ang mga relief activities ng kumpanya.
Business Mirror
Boardroom battles are common and the current fight over management control of th
e Manila Electric Co. (Meralco) is nothing unusual. Ignore for a moment that the
Government Service Insurance System (GSIS) is a quasigovernment corporation and
the potential politics involved. It is, at its simplest, an effort by two group
s that own and directly control about the same percentage of share ownership to
try to run the company.
Meralco is a publicly owned and listed company, meaning that anyone can share in
the potential price appreciation of its shares and can receive a portion of com
pany profits when dividends are declared.
This company is a public utility, which means it has a monopoly in the delivery
of service to the public. In return for the benefits of not having any competiti
on, the government regulates how much profit the company can make. Normally, the
regulated price that it sells its services to the public depends on the rate of
return or profit the company will make and that is controlled by the government
.
A public utility must serve both the public interest and the interest of its inv
estors. However, because of the government control of pricing, it is the absolut
e obligation of government regulators to protect and serve the public interest.
Then, after the regulations are set, it is management s responsibility to protect
shareholder interests within the boundaries that the regulators establish.
It is not the job of the Meralco management to protect the public. That is the g
overnment s job. It is not the job of government to protect the Meralco shareholde
rs. That is the management s job.
If you are a Meralco shareholder, you have no obligation to concern yourself wit
h the public interest. Again, that is the government regulator s job. You need to
protect your Meralco investment by making sure your company s management is doing
the best job possible for the company.
The issues raised by the GSIS are important to you as a company owner since both
sides are asking for your support. This is almost like a political campaign in
the sense that there is an incumbent management with a track record you can look
at and a challenger that has some specific proposals for your corporation.
A very sensitive issue is the purchase of power by Meralco from the Lopez group
electricity generator First Gen Corp. The controlling management of Meralco also
controls First Gen. No question that this arrangement makes for bad public rela
tions for a public utility. Unquestionably, as a public company, this arrangemen
t would raise a few eyebrows and would deserve shareholder scrutiny. According t
o the 2007 Meralco Annual Report, First Gen sells electricity, including transmi
ssion costs, to Meralco at a lower rate (P4.91 v. P6.25) than the National Power
Corp. (Napocor). Yet GSIS wants Meralco to buy a majority of its electricity fr
om Napocor, reducing purchases from the independent producers. Either I am missi
ng something or a further explanation is needed.
The expenses of Meralco are too high, we are told, because of an excess of emplo
yees. Fair enough. Last year, Meralco posted a P3.6-billion profit. Shareholders
should be told how much savings could accrue through new management initiatives
and what effect their efforts would have on the bottom line. Meralco paid a P1
cash dividend and a 10-percent stock dividend in 2007. What effect will a new ma
nagement team have on those numbers?
For shareholders, the issue is clear; and the issue is not GSIS versus Lopez. It
is only about having the best possible team run a profitable publicly owned com
pany, which just happens to hold a government-regulated monopoly. However, if Me
ralco is now going to be operated principally in the "public interest" and not f
or "shareholder interest," sell your stock as quickly as possible at any price.
If any potential new management can run Meralco more effectively, efficiently an
d profitably, buy more shares
http://www.meralco.com.ph/meralco/Community/about/aboutcsr.htm
http://en.wikipilipinas.org/index.php?title=Meralco_Millenium_Foundation,_Inc.#P
rograms
http://www.pcnc.com.ph/index.php?option=com_fabrik&view=details&fabrik=10&rowid=
262&tmpl=component&layout=summary
http://rp1.abs-cbnnews.com/views-and-analysis/05/29/08/meralco-what-issue-really
-john-mangun
http://www.gmanews.tv/story/94958/Palace-lawyer-to-public-File-class-suit-vs-Mer
alco