ACCORDING to their published online corporate profile, 'Meralco is the largest private sector electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. Its franchise area of over 9,685 square kilometers is just 3 percent of the total land area of the Philippines, but accounts for 55 percent of the country's electricity output.' It celebrated 120 years of service in 2023, committed to providing reliable and affordable energy to its 7.
He alleged in his letter that 'historically, during the administration of the late President Ferdinand E. Marcos Sr., it was widely reported that the government, utilizing the funds of the Government Service Insurance System , acquired the Meralco shares of the Lopez family. President Marcos Sr. then allocated ownership of Meralco to the Filipino people, particularly its subscribers, who were beneficiaries of annual dividend checks.