July 2009 Celebrating the Filipino child, two foundations ABS-CBN Foundation at and Available online at www.Lopezlink.ph Knowledge Channel Foundation20 at See page10 8 GenerationBy Raul Rodrigo next power companies. We can do this job just as well as they. That’s what is satisfying—when you build a company that will be world EUGENIO H. Lopez had 22 grandchildren—13 of whom class. I think this is what Lolo used to feel when he ran Meralco; now work for the Lopez Group and in time will run it. His I think this is part of the satisfaction he derived.” grandchildren say that their work today gives them a new way to Gina Lopez said: “The Lopez family has a culture of honor, in- connect with their grandfather and his values. Don Eugenio has tegrity and service. That’s why I love my family. It’s good to know been gone for 34 years, but something of his spirit still remains that you are within a family tradition which supports what you in the institutions he left behind. want to do. Other families might For instance, Cedie Lopez Vargas sees that spirit in the Lo- not support what I do. But here, FPHC receives gold pez Museum that she runs today. Cedie said: “My years at the it’s encouraged…. We have to award...p.2 museum have given me more insight into my Lolo, what he was carry on the family tradition. I really like—how he was such a nationalist, proud to be Filipino. I get a big kick out of it—out of think he wanted the museum to tell our people something about seeing that you are part of a tra- the Filipino soul, through our art and our history.” dition and you are continuing to Piki Lopez said: “I’m very proud that [at First Gen] we’re make it bloom.” building up a Filipino team that can match any of the foreign Turn to page 6 Guess who’s joining ‘Maruja’! ...page 5 Rainy day rewards from Power Plant Mall …page 12 Third-generation Lopezes carry on the values of their grandfather, group founder Eugenio H.Lopez Sr. 2 3 Lopezlink July 2009 Lopezlink July 2009 FPHC receives gold award for corporate governance EDC takes over Mindanao power plants FIRST Philippine Holdings vocacy to espouse integrity, ICD was formally established ENERGY Development Cor- ration and Marubeni Corpo- “The operation of the Min- dong, and 51-MW Optimiza- Corporation (FPHC) was transparency, and fairness in all in 2004 and is chiefly made up poration (EDC) boosts its cur- ration. danao power plants will con- tion geothermal power plants, among eight companies that our business practices. We are of individual corporate directors rent portfolio of power genera- “The turnover of the Min- tinue to be efficient with the from California Energy and received a gold award (a rating indeed very honored and would and reputational agents com- tion assets as it assumes full danao power plants will fully turnover and fusion of exper- Ormat. between 95 to 99%) for garner- like to thank the ICD for this mitted to the professional prac- ownership of the 52-megawatt integrate the value chain of tise of EDC and Marubeni EDC is the country’s lead- ing the highest ratings, among award.” tice of corporate directorship Mindanao 1 and 54-MW the geothermal business from geoscientists and engineers,” ing producer of geothermal 169 publicly listed companies, in The companies reviewed in the Philippines in line with Mindanao 2 geothermal pow- steam production to power he added. energy, accounting for 62% the 2008 Corporate Governance under the CG-Sc Project global principles of modern cor- er plants. generation, like our Leyte The Mindanao plants are or 1,199 MW of the 1,980- Scorecard Project (CG-Sc), con- were graded based on rights of porate governance. It has been The company is taking over projects. We will be well-po- the last of the build-operate- MW total installed capacity. ducted by the Institute of Corpo- shareholders; equitable treat- at the forefront of promoting operations of the two geother- sitioned to address and ben- transfer plants turned over It is positioning itself as the rate Directors (ICD), Philippine ment of shareholders; role of corporate governance reforms mal power plants, located in efit from the robust growth in to EDC. In 2006 and 2007, country’s premier pure renew- Stock Exchange and Securities stakeholders; disclosure and in the country. The CG-Sc is EDC president and CEO Paul Aquino (seated, right) and MESC presi- Kidapawan City, North Co- peak electricity demand in the it assumed operations of the able energy player with its and Exchange Commission. transparency; and board re- one of the initiatives ICD has dent Ryukichi Kawaguchi sign the transfer agreement with EDC chair tabato, from the Mindanao Mindanao grid as we offer a Unified Leyte plants, consist- acquisition of a 60% equity FPHC president and COO sponsibilities. Average rating taken towards setting higher Oscar M. Lopez, EDC directors Federico R. Lopez and Vince Perez, and 1 Geothermal Partnership cheaper and cleaner source of ing of the 132-MW Upper in the Pantabangan-Masiway Team Energy president Federico Puno as witnesses. Elpidio L. Ibañez stated, “This of the publicly listed compa- standards of corporate gover- (M1GP), a consortium be- energy,” EDC president and Mahiao, 232.5-MW Malit- hydroelectric project. (Toni award validates our group’s ad- nies was 72%. nance. (Benjamin Lopez) tween Oxbow Power Corpo- CEO Paul Aquino said. bog, 180-MW Mahanag- Nieva) FPHC chairman and CEO Oscar M. Lopez (3rd from left) and president and COO Elpidio L. Ibañez (ex- PROMOS & OFFERS treme right) receive the Gold Award during the ICD Annual Dinner in Makati City. Others in photo are (from Select: Choose your left) ICD chairman for the Chairpersons’ Circle and Philamlife chairman Jose Cuisia, SEC chairperson Atty. Fe KEITECH grooms Leyte youth for employment Barin, ICD chairman Dr. Jesus Estanislao and PSE president Atty. Francis Ed Lim. channels, fees EL3, GL named ENERGY Development Cor- will prepare them not only certifications. KEITECH and shouldered the cost of the Choose your own channel lineup and monthly fee with Sky- poration (EDC) executives led for local and foreign employ- initially accommodated 120 roads and physical infrastruc- Cable Select! For P280 monthly, its basic Select Starter gives by chairman Oscar M. Lopez ment, but also enable them to scholars this school year. tures, including the water sup- you more than 20 kids’, news, music and lifestyle channels, in- and president and CEO Paul become entrepreneurs. The KEITECH is a tripartite ply and electrical installations. Outstanding Manilans cluding the Disney Channel, CNN, Lifestyle Network, Star First Gen adopts anti- Aquino recently inaugurated school offers three courses: undertaking between EDC, Aside from a multipurpose World, AXN, BTV and Cinema One. Customize your lineup ABS-CBN chairman and the Kananga-EDC Institute construction; metals and Kananga Mayor Elmer Co- building, there are buildings with premium channels that start at P20 each monthly; select CEO Eugenio “EL3” Lopez of Technology (KEITECH) engineering; and tourism, dilla and the Technical Educa- for administration, classroom from Playhouse Disney, Discovery Travel and Living, ANC, III and ABS-CBN Founda- in Kananga, Leyte. health and social services. tion and Skills Development instruction, dormitories, com- H1N1 measures Discovery Channel and History Channel, among others. For tion Inc. (AFI) managing di- KEITECH aims to pro- The training will run for 10 Authority (Tesda). Kananga puter laboratory and household more info, call the 24-hour customer service hotline at 631- FIRST Gen Corporation Under the plan, First Gen cases in the Philippines, none rector Gina “GL” Lopez were vide Kananga’s high school months, after which the stu- is one of the host communities services, and separate work- 0000 or text 0917-6310000 and 0918-8631000. (Arlene Torres) has adopted a comprehensive has organized two layers of in First Gen; Level 3, more proclaimed Outstanding Ma- graduates with the skills that dents will receive national of EDC’s Leyte Geothermal shop buildings for carpentry, Influenza A(H1N1) virus re- teams tasked to assume man- cases in the Philippines, exists nilans by Mayor Alfredo Lim Production Field (LGPF). welding, plumbing, masonry sponse program to help protect agement oversight of the situ- in locality, none in First Gen; in an awarding ceremony held Bayan strengthens family ties EDC provided the three- and electrical wiring installa- employees from the virus and ation. Level 4, increasing cases in the at the Manila Hotel. Bayan’s Hong Meralco charges hectare site for the campus tion. (T. Nieva) assure the continuity of the The executive management Philippines, confirmed cases EL3 was named Outstand- Kong Family Ties company’s operations, includ- team (EMT), led by president in locality, at least one case in ing Manilan for Telecommu- service allows ing those of its vital power and CEO Federico R. Lopez, First Gen; and Level 5, full nications and Broadcasting for Filipinos in Hong drop for 2nd month plant installations. hands down high-level deci- outbreak, increase of cases in dynamic leadership of ABS- Kong and their Along with Benpres and sions while holding the re- locality, more than two con- CBN. Through ABS-CBN, he families in the MERALCO customers ex- in its generation cost mainly as ABS-CBN, First Gen is one sponsibility to manage the flu firmed cases in First Gen. was cited for having provided Philippines to perienced a reduction in their a result of lower fuel cost. San of the first among local com- virus concern on a corporate First Gen raised its Level 3 Filipino professionals and catch up any time power bills following a 16.52- Lorenzo reflected a reduction panies to draw such a response scale.