Meralco Legal Department

The Philippine Department of Justice filed charges against Meralco in its 31-page resolution of August 22, 2008, which was filed in the Pasig Regional Magistrate`s Court. The complaint filed on May 29 by the National Association of Electricity Consumers for Reform (Nasecore) accused Meralco of “illegally declaring €889 million of consumer funds as income, which represents interest on meter deposits and bills that consumers had paid since 1995.” [27] No bail was recommended for all of the defendants, Meralco executives in 2006: Manuel Lopez, President and Chief Executive Officer of Meralco, Daniel Tagaza, Executive Vice-President and Chief Financial Officer, Rafael Andrada, Senior Vice-President and Treasurer, Helen De Guzman, Vice-President and Assistant Auditor of the company, Antonio Valera, Vice-President and Senior Assistant Auditor, Manolo Fernando; 2006 Meralco directors Arthur Defensor Jr., Gregory Domingo, Octavio Victor Espiritu, Christian Monsod, Federico Puno, Washington Sycip, Emilio Vicens, Francisco Viray and former Prime Minister Cesar Virata. Presiding Justice Franco Falcon pointed out in the decision that the board is not the type described by law as formed to commit an illegal act for the board elected by shareholders. To stimulate electricity demand, MERALCO has also opened a retail store to sell household appliances. [ref. needed] The name “Meralco” is an acronym for Manila Electric Railroad and Light Company, which was the official name of the company until 1919. Meralco is also implicated in the GSIS-Meralco corruption case. [29] Meralco serves Metro Manila, where it is the sole electricity company, as well as some neighboring provinces such as Bulacan, Cavite, Laguna, Batangas, Rizal, Quezon. Bulacan, Cavite and Rizal are served exclusively by Meralco, but in some provinces they serve only certain areas, such as Laguna, Batangas and Quezon, where most or some areas are served by electricity cooperatives.

In Laguna and Quezon, most of these provinces are served by the company, but other areas, mainly rural communities, are served by electricity cooperatives. In Batangas, only Santo Tomas, the first Philippine industrial park and the first industrial SEZ of Tanauan, Batangas City, San Pascual and parts of Laurel (barangays of Niyugan and Dayap Itaas) and Calaca (parts of Barangay Cahil) facing the Tagaytay-Nasugbu highway are served by Meralco, and the rest of the province are franchised areas of electric cooperatives. In Pampanga, some barangays in Candaba are served by the company. In the 1920s, MERALCO had a fleet of 170 trams before switching to buses later in that decade. On 6 October 2008, Branch 71 of the Pasig Regional Court of First Instance dismissed the action against Meralco`s board of directors on the grounds that the Public Prosecutor`s Office could not prove all the elements of the unionized Estafa. President Corazon Aquino returned the company to the López Group. [ref. needed] It also issued an injunction allowing the company to compete directly with Napocor. [15] The Manila Electric Company acquired La Electricista and Compañía de los Tranvías de Filipinas, a company that operated Manila`s horse trams and was founded in 1882. [5] In the same year, construction of the electric tramway began. In addition to acquiring the Calle San Sebastian de La Electricista power plant, the company built its own steam plant on Isla Provisora (later Manila Thermal Power Plant), which powered the tram system and eventually the electric service.

In 1906, the annual power generation capacity of the Manila Electric Company was about eight million kWh. In 1962, Eugenio López, Sr. of the influential López de Iloilo family founded Meralco Securities Corporation (MSC), which acquired MERALCO and made it wholly owned by the Philippines. [7] In 1962-72, he increased MERALCO`s power generation capacity fivefold by building additional power plants in the Manila area, two more in Rizal province. [ref. needed] In September 1972, President Ferdinand Marcos, who had begun a feud with the Lopez,[9] declared martial law, gained and consolidated power, and effectively extended his power beyond the constitutional term limit that would have forced him to resign in 1973. [10] [11] A few weeks later, in November 1972, he issued Presidential Decree No. 40, which nationalized the country`s electricity generation and transmission.