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Government Service Insurance System (GSIS) President Winston García, however, blamed Meralco's inefficiency, its "bloated bureaucracy" and its sourcing of power from independent power producers (IPPs) also owned by the López Family, and the need to amend the Electric Power Industry Reform Act (EPIRA) of 2001. Oscar López said that if the ...
Meralco was established as the Manila Electric Railroad and Light Company in 1903. It was created to provide light and an electric railway system to Manila. During World War II the transportation infrastructure of Meralco was destroyed and instead of rebuilding the railway, the company focused its efforts onto its electric services.
In the Philippines, a government-owned and controlled corporation ( GOCC ), sometimes with an "and/or", [ 1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
Ampatuan; Barira; Buldon; Datu Abdullah Sangki; Datu Anggal Midtimbang; Datu Blah T. Sinsuat; Datu Hoffer Ampatuan; Datu Montawal; Datu Odin Sinsuat; Datu Piang
But Meralco chair and CEO Manuel Lopez said he was not selling the utility. The cases and facts. Oscar Lopez blamed the Arroyo administration's moves to take over Meralco in a “reverse privatization,” because of the Lopez-owned ABS-CBN's negative publicity against the government. May 27 stockholders’ meeting
In the late 1980s, the government began to reform the state-owned enterprise, and during the 1990s and 2000s, many mid-sized and small sized state-owned enterprises were privatized and went public. There are a number of different corporate forms which result in a mixture of public and private capital.
TransCo was a unit of another government-owned corporation National Power Corporation (NAPOCOR/NPC), with the latter operated, maintained and owned the country's power grid during that time, before the transfer of the grid to the former on March 1, 2003, where TransCo then operated, maintained, constructed, expanded, and made eminent domain to ...
The National Power Corporation (Filipino: Pambansang Korporasyon sa Elektrisidad, also known as NAPOCOR, NPC or National Power) is a Philippine government-owned and controlled corporation that is mandated to provide electricity to all rural areas of the Philippines by 2025 (known as "missionary electrification"), to manage water resources for power generation, and to optimize the use of other ...