2007 ANNUAL REPORT Power Corporation - Aboitiz Equity Ventures
2007 ANNUAL REPORT Power Corporation - Aboitiz Equity Ventures 2007 ANNUAL REPORT Power Corporation - Aboitiz Equity Ventures
ABOITIZ POWER COROPORATION LOCATION OF OPERATIONS CORPORATE STRUCTURE MANILA LUZON SN Aboitiz Power- Magat, Inc. Luzon Hydro Corporation Hedcor, Inc. SN Aboitiz Power - Benguet, Inc. San Fernando Electric Light & Power Co.,Inc. Redondo Peninsula Energy, Inc. Subic EnerZone Corporation Generation companies: % SN Aboitiz Power - Magat, Inc. 50 SN Aboitiz Power - Benguet, Inc. 50 Hedcor, Inc. 100 Hedcor Sibulan, Inc. 100 Hedcor Tamugan, Inc. 100 Luzon Hydro Corporation 50 Cebu Private Power Corporation 60 East Asia Utilities Corporation 50 Abovant Holdings, Inc. 60 STEAG State Power Inc. 34 Southern Philippines Power Corporation 20 Western Mindanao Power Corporation 20 Redondo Peninsula Energy, Inc. 50 VISAYAS CEBU DAVAO MINDANAO Balamban EnerZone Corporation Abovant Holdings, Inc. Aboitiz Power Corporation Visayan Electric Company, Inc. Cebu Private Power Corporation Aboitiz Energy Solutions, Inc. Mactan EnerZone Corporation East Asia Utilities Corporation STEAG State Power Inc. Western Mindanao Power Corporation Davao Light & Power Company, Inc. Hedcor Tamugan, Inc. Hedcor Sibulan, Inc. Cotabato Light & Power Company Distribution companies: Davao Light & Power Company, Inc. 100 Visayan Electric Company, Inc. 55 Subic EnerZone Corporation 100 Cotabato Light & Power Company 100 Mactan EnerZone Corporation 100 Balamban EnerZone Corporation 100 San Fernando Electric Light & Power Company, Inc. 44 Services Aboitiz Energy Solutions, Inc. 100 Southern Philippines Power Corporation 48 • ABOITIZ POWER CORPORATION ANNUAL REPORT 2007
Board of Directors Jon Ramon M. Aboitiz CHAIRMAN Ernesto R. Aboitiz VICE CHAIRMAN Erramon I. Aboitiz DIRECTOR Luis Alfonso Y. Aboitiz DIRECTOR Mikel A. Aboitiz DIRECTOR Juan Antonio E. Bernad DIRECTOR Antonio Moraza DIRECTOR Pablo V. Malixi INDEPENDENT DIRECTOR NOMINATION COMMITTEE MEMBER Manuel S. Go INDEPENDENT DIRECTOR AUDIT COMMITTEE CHAIRMAN COMPENSATION COMMITTEE MEMBER ABOITIZ POWER CORPORATION ANNUAL REPORT 2007 • 49
- Page 1 and 2: Power Corporation Powering New Fron
- Page 3 and 4: P o w e r i n g New Frontiers ABOIT
- Page 5 and 6: FINANCIAL SUMMARY For the Year (In
- Page 7 and 8: R E P O R T T O O U R S T O C K H O
- Page 9 and 10: h Powering New Frontiers With deman
- Page 11 and 12: Results of Operations POWER D I S T
- Page 13 and 14: R E S U L T S O F O P E R A T I O N
- Page 15 and 16: A SFELAPCO crew does live line work
- Page 17 and 18: Results of Operations POWER G E N E
- Page 19 and 20: POWER G E N E R A T I O N Hedcor si
- Page 21 and 22: STEAG State Power Inc. (SPI) contri
- Page 23 and 24: We expect our distribution companie
- Page 25 and 26: The strong and stable financial per
- Page 27 and 28: DIRECTORS SPECIAL AND REGULAR BOARD
- Page 29 and 30: Director and Senior Executive Compe
- Page 31 and 32: The Office of the Chief Compliance
- Page 33 and 34: Employee Relations In AP, people ar
- Page 35 and 36: P o w e r i n g New Frontiers F E A
- Page 37 and 38: The rest of its capacity is traded
- Page 39 and 40: The annual energy requirement will
- Page 41 and 42: Gone are the long queues at VECO’
- Page 43 and 44: The three utilities aim to provide
- Page 45 and 46: CPPC, meanwhile, is situated on a 1
- Page 47 and 48: and reliable supply of electricity.
- Page 49: The fulfillment of sharing the frui
- Page 53: Corporate Officers Benjamin A. Cari
Board of Directors<br />
Jon Ramon M. <strong>Aboitiz</strong><br />
CHAIRMAN<br />
Ernesto R. <strong>Aboitiz</strong><br />
VICE CHAIRMAN<br />
Erramon I. <strong>Aboitiz</strong><br />
DIRECTOR<br />
Luis Alfonso Y. <strong>Aboitiz</strong><br />
DIRECTOR<br />
Mikel A. <strong>Aboitiz</strong><br />
DIRECTOR<br />
Juan Antonio E. Bernad<br />
DIRECTOR<br />
Antonio Moraza<br />
DIRECTOR<br />
Pablo V. Malixi<br />
INDEPENDENT DIRECTOR<br />
NOMINATION COMMITTEE MEMBER<br />
Manuel S. Go<br />
INDEPENDENT DIRECTOR<br />
AUDIT COMMITTEE CHAIRMAN<br />
COMPENSATION COMMITTEE MEMBER<br />
ABOITIZ POWER CORPORATION <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2007</strong> • 49
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