Meralco cited in Global Energy Rankings

MANILA, Philippines - The Manila Electric Co. was recently recognized in the Platts Top 250 Global Energy Company Rankings. This survey of global energy companies by Platts, where Meralco placed 215th globally and 59th in Asia, measures companies’ financial performance using four key metrics: asset worth, revenues, profits and return on invested capital (ROIC). ROIC is widely regarded as a driver of cash flow and value and gives a sense of how well a corporation is using its money to generate returns.

All companies in the list have assets greater than $3 billion. The fundamental and market data come from a database compiled and maintained by Capital IQ Compustat, a business of Standard & Poor’s, which, like Platts, is a division of The McGraw-Hill Companies.

In its website, Platts is described as a leading global provider of energy and commodities information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemicals, shipping, and metals markets from 17 offices worldwide. Platts’ real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency.

This is not the first time this year that Meralco has been recognized for its sound business operations. In August this year, BusinessMirror recognized Meralco as one of the Top 25 Philippine Companies based on the Wealth-Added Index (WAI) during the past five years (2005-2009). The WAI is a metric designed by New York-based consulting firm Stern Stewart & Co that attempts to measure wealth created for shareholders by a company. The recognition means that Meralco was able to generate returns that exceeded its cost of equity over the said period, thereby bolstering shareholder value. Meralco was ranked fifth in the Philippines in terms of creating wealth for shareholders.

Meralco senior vice president and customer retail services and corporate marketing and communications head Alfredo Panlilio, who also received the Platts recognition, said: “We are honored to be given this recognition by a prestigious body like Platts. Recognitions such as these inspire us further to pursue our objective of providing our customers the best value in energy, products and services. Our customers and investors can be always assured that Meralco will continue to aspire to be a world-class company and the service provider of choice.”