WHAT MERALCO STANDS FOR?

M Manila E Electric R Railroad A And L Light Co - Company

MISSION
Is to provide customers the best value in energy, products and services.

VISION
To be the world class company and the best service provider of choice.

MERALCO
For customers
they share certain common emphases: customer satisfaction, world-class efficiency and productivity,

For company
performance-driven rewards, good corporate citizenship, transparent good governance, and process, organizational and human resource development towards these values.

HOW DOES MERALCO SUPPLY ELECTRICITY IN OUR HOME

Plant power of generating company

CONSUMER

Transmission company

Distribution company (MERALCO)

HISTORY OF MERALCO
 World War II destroyed the railway system beyond rehabilitation and Meralco gave up its transportation business in 1948,concentrating thenceforth on providing electricity. The electric service it provided powered much of the postwar rehabilitation and early industrialization of the young republic that became independent in 1946  1961 a group of Filipino investors led by the entrepreneur Eugenio Lopez Sr. bought Meralco from its American owners, the first major American enterprise to be so 'Filipinized. They built electric generating and distributing facilities at an unprecedented pace to meet the burgeoning needs of its franchise area;

HISTORY OF MERALCO
1969 Meralco became the very first billion-peso company in the Philippines. 1970's, the Philippine Government made it a state policy for the government to own all major generating facilities. Meralco sold its generating plants to the National Power Corporation, and electric distribution became its core business 1980's, Meralco's franchise area tripled in area from 2,678 square kilometers to 9,337 square kilometers, Meralco, upon the request of the government, organized, started up and operated the country's first elevated light rail transit (LRT) system in Manila between Baclaran and Caloocan.

HISTORY OF MERALCO
the 1990's, has also been in the throes of a major restructuring of the entire electric utility industry. In general this has included efforts to move towards privatization and at the same time limit monopolies and encourage open competition in large portions of the industry. More than in the past, much of Meralco's management since the mid-1990's has been directed towards enabling the organization to react nimbly to the changing structures and environments in which it operates, despite its continuing status as one of the oldest and biggest Philippine companies.

ACHIEVEMENTS
1980, the Personnel Management Association of the Philippines named Meralco as the Employer of the Year. the Employers Confederation of the Philippines (ECOP) echoed this in choosing Meralco for its 'Grand Kapatiran sa Industriya' award as the overall winner in 2005 in four identified areas: industrial peace and harmony, productivity, social accountability, and strategic visioning and partnering for business and job survival

ACHIEVEMENTS
Regional Asian publications like Finance Asia, Far Eastern Economic Review, Asiaweek, Asiamoney, Euromoney, have often cited Meralco as among the 'best managed' companies not only in the Philippines, but in Asia. In 2008, the Institute of Corporate Directors, in cooperation with the Securities and Exchange Commission, the Philippine Stock Exchange and the Ateneo de Manila Law School, cited Meralco for being among the leaders in promoting good corporate governance.

CORPORATE GOVERNANCE
Corporate Governance (CG) is an integral component in the Company's management framework as Meralco pursues its business aspirations for all its stakeholders. Meralco's corporate governance framework is anchored on the principles of fairness, accountability, integrity and transparency. Corporate Governance (CG) is an integral component in the Company's management framework as Meralco pursues its business aspirations for all its stakeholders. Meralco's corporate governance framework is anchored on the principles of fairness, accountability, integrity and transparency.

Corporate governance
All directors, officers and employees of the Company and its subsidiaries are therefore committed to observe all Company policies and relevant regulations and laws. The Company adheres to these imperatives, both in substance and form, as its commitment to stakeholders: shareholders, customers, government, employees, business partners, suppliers, creditors, contractors and the community.

MERALCO S BOD
Picture

Their names
The Board of Directors is composed of: MANUEL LOPEZ - Chairman MANUEL V. PANGILINAN Director/President & Chief Executive Officer OSCAR S. REYES - Director/Chief Operating Officer RAMON S. ANG - Vice Chairman RAY C. ESPINOSA - Director ESTELITO P. MENDOZA - Director NAPOLEON S> NAZARENO - Director ARTEMIO V. PANGANIBAN Independent Director VICENTE L. PALILIO - Director PEDRO E. ROXAS - Independent Director ERIC O. RECTO - Director

Corporate social responsibility

Rural/Missionary Electrification Dangal Electrification Program Lineman Training for Electric Cooperatives Electric & Safety Inspection of Public Schools (Brigada Eskwela) Christmas Lighting Up of Churches (Lingap Kapwa sa Kapaskuhan)

Corporate social responsibility

Grassroots Partnership
Computer Training Project (for Local Government Units and the Philippine National Police) Meralco GK Sibol Schools Project Delightful Christmas Outreach Community Outreach Projects Community Livelihood Training Employees Day Outreach (FUN-tastic Friendship Fair) Leadership Program for Public School Heads Educators Summit Teacher Education Program Project Kasambahay Outreach Isang Litrong Liwanag

Corporate social responsibility

Sports Youth and Advocacy Caritas - Meralco Bolts Partnership Project Basketboys Scholarship Project MVP Sports Foundation, Inc. MVP Sports Foundation, Inc.

Corporate social responsibility

Disaster relief and emergency preparedness Martsa sa Eskwela Disaster Preparedness Planning Health Education in Public Schools Bio Intensive Gardening Project Disaster Relief Operations

Corporate social responsibility

Partners and Affiliates
Department of Interior and Local Government (DILG) Gawad Kalinga (GK) League of Corporate Foundations Philippine Disaster Relief Foundation (PDRF) Haribon foundation

End of report
KAREN M. JIMENEZ

BA-403
CELLINE L. JUNSAY