Reliable Distribution
Deliver safe, stable electricity to every household and business within our franchise area, with rapid response to outages.
A short history of who we are and how we serve the franchise area.
Mactan Electric Company, Inc. (MECO) was incorporated and registered with the Securities and Exchange Commission (SEC) on January 24, 1967. MECO is primarily engaged in the business of electric power distribution.
MECO is serving its franchise areas in Lapu-Lapu City, which includes Olango Island and the Municipality of Cordova, with 69,512 connections classified into four (4) Schedules of customers namely: Schedule 4 (residential), Schedule 3 (commercial, public buildings and street lightings), Schedule 2 (below 1 MW), and Schedule 1 (1 MW and above).
During the initial operation of MECO from 1967 to 1973, it was only serving a number of residential customers and, with the absence of big loads, there were limited economic activities. Major industries like General Milling Corporation, Shell Oil Company, and Mobil Oil were generating their own power. However, from 1972 up to 1974, MECO registered an upsurge in its financial performance due to the operationalization of the Mactan-Mandaue Bridge, the Mactan International Airport, and the establishment of the Mactan Export Processing Zone (MEPZ). All these paved the opportunity for the opening of more industries and increased power demand.
In particular, Philippine Airlines became MECO's first industrial customer. In 1978, the National Power Corporation started its operation in Cebu. Given this, MECO was able to expand its operation, attaining 98% energization of the major roads within the franchised areas. In July 1997, Salcon Power Corporation, together with Mr. Dennis T. Villareal, acquired 40% and 8.25% respectively of the capital stock of MECO. The remaining 42.06% is owned by Generco Systems, Inc. while 9.69% is owned by various shareholders.
On August 6, 1973, the National Electrification Commission (NEC) granted a Certificate of Franchise to MECO to operate an electric light and power service for 25 years up to October 10, 1991. To date, MECO performs its roles as service provider and as an economic catalyst to the areas and customers it serves.
Deliver safe, stable electricity to every household and business within our franchise area, with rapid response to outages.
Publish and explain every component of the billing rate, in line with ERC-approved schedules, so customers know what they pay for.
Operate under ERC oversight and franchise obligations, with public postings for major agreements and regulatory filings.
We currently serve the city and its surrounding barangays, covering residential subdivisions, commercial corridors, and light industrial zones. Our linemen and dispatch team are on call around the clock for emergencies.