The Manila Electric Company (Meralco) is actively transforming the Philippine energy landscape through technological innovation, environmental stewardship, and public service.
With its franchise renewed for another 25 years, Meralco continues its legacy of over 120 years to continue serving the Filipino people and contribute to nation-building in the years to come.
Through smart infrastructure, clean power, and community outreach, the company powers not just homes — but the future of the nation.
Last April, President Ferdinand R. Marcos, Jr. signed into law Republic Act. 12146, renewing Meralco’s franchise for another 25 years from June 2028. This follows the approval and endorsement of House Bill 10926 by the Senate and the House of Representatives.
“The recent 25-year renewal of Meralco’s franchise, signed by President Marcos, is a milestone for the Company, for which we are grateful indeed. This reinforces our commitment to public service, to sustainable growth, to nation-building. It is as well a reminder of our public accountability. As we move forward, we remain dedicated to enhancing our services, and ensuring that our stakeholders receive the best value from partnering with us for development,” Meralco chairman and chief executive officer Manuel V. Pangilinan had said.
Massive investments to make distribution network resilient, smarter
“We invested heavily to reinforce and modernize our distribution network, so even when demand surges or when calamity strikes, our system holds strong. In 2024 alone, Meralco invested over P24 billion to expand, upgrade, and fortify our network. We built new substations to support the needs of emerging townships, upgraded lines, hardened facilities against storms and other calamities, and modernized the distribution system,” Meralco executive vice president and chief operating officer Ronnie L. Aperocho said.
He added that these upgrades paid off, resulting in fewer and shorter outages for Meralco. By end-March 2025, incidents of power interruptions per customer, measured by the System Average Interruption Frequency Index (SAIFI), was only at 0.185 times — an improvement from 0.2082 times in the same period the previous year. Likewise, the System Average Interruption Duration Index (SAIDI), which tracks the duration per customer, improved to 20.943 minutes from 22.336 minutes.
Part of Meralco’s investments is the development of new facilities to meet the increasing demand for power without compromising the quality of service. Among the major projects the power distributor recently completed are the commissioning of the Mesaland Substation in Sta. Rosa, Laguna; the installation of a second 83-MVA power transformer bank at Malinta Substation in Valenzuela City; as well as the installation of a second 83-MVA power transformer bank at the Fort Bonifacio Global City Substation in Taguig City.