The MERALCO Franchise: RA 9209
MERALCO is the largest distribution utility in the country.
According to the flyleaf profile in its 2013 Annual Report, MERALCO powers 5.3 Million customers, is home to approximately 25% of the entire Philippine population, accounts for 75% of the Luzon electricity market – 55% nationwide – supplies the power needs for 50% of GDP, 60 % of total manufacturing output.
MERALCO’s sales revenue for 2013 was P298B. Market capitalization was P282B. But we hasten to add that “Equity…” was only P75.1B.
Freedom from Debt Coalition
The Freedom from Debt Coalition (FDC) – Philippines is a nationwide multi-sectoral, non-sectarian and pluralist coalition conducting policy advocacy work and campaigns to realize a common framework and agenda for economic development.