MVP is new Meralco CEO

Tuesday, 25 May 2010 20:00 Merck Maguddayao

Filipino businessman Manny V. Pangilinan will be the new Chief Executive Officer (CEO) of the Manila Electric Company (Meralco) starting July 1.

This was announced by outgoing Meralco CEO Manuel Lopez earlier today. “I relinquish my position as Chief Executive Officer effective July 1 this year. I will, however, remain Chairman of the Board,” Lopez said in a meeting with the shareholders of the country's largest power distributor held earlier today.

Meralco will be the new addition to the Pangilinan group, with principal ownership in businesses which include the Philippine Long Distance Telephone Company (PLDT), Maynilad Water Services, TV5, Metro Pacific Tollways Corp., Medical Doctors, Inc., Metro Pacific Corp., and Smart Communications. Pangilinan is also known as the benefactor of the current Philippine national basketball team sponsored by Smart and the basketball varsity teams of Ateneo De Manila University and San Beda College.

Lopez has held his post in Meralco since 1986, after the Corazon Aquino administration returned the once-nationalized firm to the Lopez group. He will be relinquishing his post to Pangilinan, popularly known as MVP, who bought 41 percent of Meralco out of the Lopez group's shares November last year.

“It is time for me now to do my share and serve the Lopez family business,” added Lopez. The Lopez group is the principal owner of ABS-CBN, Bayantel, and SkyCable.

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Disclaimer: Comments posted here reflect our readers’ views and not the opinion of The Philippine Online Chronicles.

Carlos B. Bacho 08 January 12, 12:13 PM

I REMEMBER WHEN LOPEZ FAMILY OWN MERALCO THE ELECTRIC FILFERAGES IS COMMON BUT THE SOLUTION IS SIMPLE AMNESTY TO ILLEGAL CONNECTION... THE BURDEN NOT PASS TO MERALCO CONSUMERS...

Carlos B. Bacho 08 January 12, 12:20 PM

But all what happen at present is unjust and unfair 3,000,000 MERALCO consumers shoulder the burden of System Loss honestly System loss profit 6 Billion annual profit that they had been pickpocket to Filipino People the result is MVP Grandstanding... They use this illgotten profit popularity... President Pnoy most victim of System Loss are OFW and We ask your good self for System Loss Moratorium... iN MY 2 years stay in Philuippines i RISK MY LIFE AND REPORTED A LOT TO STOP ELECTRICPILFERAGES BUT IT SHOWS THAT meralco ARE HAPPY ON THIS SITUATION BECAUSE THEY CAN JUSTIFY SYSTEM LOSS BECAUSE OF THIS ILLEGAL CONNECTION... HONESTLY5% ILLEGAL USERS USE ONLY AS DATA GAME THE 95% FILIPINO WHO PAY THIS INVOLUTARY TAXATION SHOULD UNITE TO STOP SYSTEM LOSS... Carlos B.Bacho 103 Cotabato St BagoBantay QcC

Carlos B. Bacho 08 January 12, 12:27 PM

TO ALL OFW WE ARE THE VICTIM OF INVOLUNTARY TAXATION... SYSTEM LOSS THAT YIELD AVERAGES 2,000-3,000 PESOS/HOUSEHOLD/YEAR.... UNIVERSAL CHARGE yield 150-200/years, subsidy 150-200/year it simply means 2,400-3600 yearly wasted on MERALCO... Imagine 3,000,000 consumers this amount if usefair and just will yield GOOD GOVERNANANCE.... PRESIDENT PNOY AQUINO... STOP SYSTEM LOSS JAIL ELECTRIC PILFERAGES AND GIVE AMNESTY TO ALL ILLEGAL CONNECTION THIS IS THE RIGHT SOLUTION NOT SYSTEM LOSS....

Carlos B. Bacho 08 January 12, 12:30 PM

to Manuel V. Pangilinan...Now you are the CEO of MERALCO.... Im sure you understand clearly that System Loss uis addition burden to Filipino Taxpayer who humbly submit on electric pilferages rtesult????

Carlos B. Bacho 08 January 12, 12:36 PM

SYSTEM LOSS a monthly Bill in our Electricity which practice by MERALCO for 6 yrs is Anti PEOPLE... 36Billion Pesos profit on System Loss need to be transparent... I request the Congress, SENATE to open the book of MERALCO where this Billuion Pesos profit go.... MVP Grandstanding show his true picture if there is electric filperages solve it legaaly... to pass the burden to Filipino people is UNJUST AND UNFAIR... WKE UP CONGRESS,SENATE AND PRESIDENT PNOY ON THIS ISSUE.... cARLOS b. bACHO kING aBDULLAH pETROLEUM sTUDIES AND rESERACH cENTER rIYADH ksa

Carlos B. Bacho 08 January 12, 12:49 PM

to ALL tHInk Tank of MERALCO the solution of Electric pilferages is simple in the aREA where illegal connection is rampant you knows clearly who paid the legal use of electricity.... there is Transformer mostly in all the site why not use data game it the wattages use in that area will increase 3% the area will be brown out automatically.... im sure the people who humply pay MERALCO bill will not be happy but this people will be a synergist effect to stop illegal pilferages... In Brazil where electric pilferages is rampant the people who pay humply resort to EYE for an EYE they use Rocket Profelled Grandae to shut down the transformer line that cause massive brown out... dont et this happened the data which is in your hand will solve the problem...Survey will help those people who have electricity, and appliancers having no electric meter is guilty? Lastly the Barangay official can play role the Local Government can help.... my 2 years crusade against system loss almost killed me but Meralco is not serious in this mattwer they only focus on profit... My nAME IS cARLOS bACHO 103 cOTABATO sT bAGO bANTAY qc.... Naiingit na ako sa mga magnanakaw.... ang prinsipyo ko nalusaw na sa sama ng loob kaya para maayos ang puedeng pagmulan ng sunog dahil sa illegal na koryete na madalas manyari sa Sinag Tala, Bgy San Roque, Sitio Militar ay di maulit..... This is now written testimony I risk my life and let the readers be my jurist.......

Carlos B. Bacho 08 January 12, 12:55 PM

Sabi ng ilan tao na kasam ko dito sa MERALCO siya nagtratrabahoilan beses na rin siya kamuntik na koryente but ang nakakaingit sa Squater area raw na kung saan marami illegal connection ang sarap nang buhay maaga palang VIDEOKE na,,,,, sarap buhay ano....Ang MERALCO daw ay hindi intresado na ipakulong ang mga magnanakaw.... kasi sila ang tamang paraan para manatili ang System Loss.. To all Readers payag ba kayo na pairalin ng MERALCO ang system loss habang may buhay.... Kilos Bayan Laban sa System Loss.....

Carlos B. Bacho 08 January 12, 01:10 PM

i ASK THIS question to the Readers Magkano ba ang nakukuha ng Gobyerno sa System Loss na binabayad ng electric consumers sa Buong Pilipinas....Sapat ba ito? Saan napupunta meron bang bayagi na nagpapahusay sa Kalidad ng Kalikasan....Honestly ang magandang source ng koryente any Hudro electric Dam KAYA ANG IYANG PROYEKTO PARA LABANAN ANG PAGKAKALBO NG KABUNDUKAN ay isang magandang solusyon sa murang Koryente.... Its sound radical but 2,000,000 hectares in 5 yrs is not bad at ang nakuhang perang makuha ng MERALCO sa System Loss ay sapat na para sa 2 MILLION HECTARES GREEN MANTLE IN 5 YRS.... Yes I will not bring Good ideas in my Graveyard ....Carlos B.Bacho author of Battle Green 2000 Environmental Restoration and Agricultural Productivity... ilan beses ko na ito ipinilit 8 Senador, Coseteng, Pangilinan, Osmena, Legarda, Jinggoy... sa harap ng bahay ni President Aquino, sa pagdalay niBinay sa ksa INABOT KO SA KANYA ANG MAGANDANG PROPOSAL ,IMEE mARCOS LAHAT DEAD MA 14 YRS NA NAGBAKASAKALI the result is Zero..... Kung may nakinig sana ang nagyarai sa Real Quezon St Bernard Leyte, Iligan Cagayan De oro ay napigilan.... 2Million hectares GREEN Mantle yield 550,000 employment in 5 yrs Luzon,Visayas and Mindanao... iTO DI ANG tamang paraan sa Global Warming..... tHIS IS MY LAST WILL HEHEHEH WAKE UP cONGRESS, sENATE AND pnoy... Aquino....

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MVP is new Meralco CEO

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