COVER SHEET CE02536 S.E.C. Registration Number ABOI T I Z EQU I TY VENTURES , INC . ( Company's Full Name ) ABOI T I Z CORPORATE CENTER GOV .MANUE L CUENCO AVE . KASAMBAGAN , CEBU C ITY ( Business Address: No. Street City / Town / Province ) LEAH I. GERALDEZ (032) 411-1800 Contact Person Annual Report 2010 Company Telephone Number 12 31 17-A 05 16 Month Day FORM TYPE Month Day Fiscal Year Annual Meeting Secondary License Type, if Applicable SEC Dept. Requiring this Doc Amended Articles Number/Section x Total No. of Stockholders Domestic Foreign - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To be accomplished by SEC Personnel concerned File Number LCU Document I.D. Cashier S T A M P S Remarks = pls. Use black ink for scanning purposes SEC FORM 20 - IS (INFORMATION STATEMENT) DEFINITION OF TERMS Aboitiz Group ACO and the companies or entities in which AJMAN or AJMSI Aboitiz Jebsen Manpower Solutions, Inc. ACO has a beneficial interest and, directly or indirectly, exercises management control, including, without limitation, Ambuklao-Binga Refers to the 75 MW Ambuklao Aboitiz Equity Ventures, Inc., Aboitiz Power Hydroelectric Hydroelectric Power Plant of SNAP- Corporation, Union Bank of the Philippines Power Complex Benguet located in Bokod, Benguet and the and their respective Subsidiaries and 100 MW Binga Hydroelectric Power Plant of Affiliates SNAP-Benguet located at Itogon, Benguet Aboitiz Jebsen The Company’s joint venture with the AP Group Aboitiz Power Corporation and Group Jebsen Group of Norway and is composed its Subsidiaries of Aboitiz Jebsen Bulk Transport Corporation, Aboitiz Jebsen Manpower Solutions, Inc., Jebsen Maritime, Inc. and APRI AP Renewables, Inc. their affiliated companies. ARI Aboitiz Renewables, Inc. (formerly AboitizLand or ALI Aboitiz Land, Inc. Philippine Hydropower Corporation) AboitizPower Aboitiz Power Corporation ATS Aboitiz Transport System (ATSC) or AP Corporation Abovant or AHI Abovant Holdings, Inc. BEZ Balamban Enerzone Corporation ACO Aboitiz & Company, Inc. BIR Bureau of Internal Revenue Accuria Accuria, Inc. BOI The Philippine Board of Investments ACGI Aboitiz Construction Group, Inc. Bunker C A term used to designate the thickest of the residual fuels that is produced by blending any oil remaining at the end of Adventenergy Adventenergy, Inc. the oil-refining process with lighter oil AESI Aboitiz Energy Solutions, Inc. CEDC Cebu Energy Development Corporation AEV AV AEV Aviation, Inc. Chevron Chevron Geothermal Philippines Holdings, Inc. AEV, the Aboitiz Equity Ventures, Inc. Company, the CitySavings or CSB City Savings Bank Issuer, or the Registrant Cleanergy or CI Cleanergy, Inc. (formerly Northern Mini- Hydro Corporation) AEV Group, or The AEV and its Subsidiaries Group Cotabato Light or Cotabato Light & Power Company CLP Affiliate With respect to any Person, any other Person directly or indirectly Controlled or is under common Control by such Person COC Certificate of Compliance Annual Report 2010 29 SEC FORM 20 - IS (INFORMATION STATEMENT) CPDC Cebu Praedia Development Corporation Global Power Global Business Power Corporation of the Metrobank Group CPCN Certificate of Public Convenience and Necessity Government The Government of the Republic of the Philippines CPPC Cebu Private Power Corporation Greenfield Power generation projects that are developed from inception on previously Davao Light or Davao Light &Power Company, Inc. undeveloped sites DLP GWh Gigawatt-hour, or one million kilowatt- DOE Department of Energy hours DOLE Department of Labor and Employment HEDC Hydro Electric Development Corporation Distribution Refers to BEZ, CLP, DLP, MEZ, SEZ, Hedcor or HI Hedcor, Inc. Companies or SFELAPCO, and VECO collectively Distribution Utilities Hedcor The consortium comprised of ARI, Hedcor, Consortium Hedcor Sibulan and Hedcor Tamugan with an existing PSA with DLP for the supply of Distribution Any of BEZ, Cotabato Light, Davao Light, new capacity to DLP Company MEZ, SEZ, SFELAPCO and VECO Hedcor Sibulan Hedcor Sibulan, Inc. or HSI EAUC East Asia Utilities Corporation Hedcor Tamugan Hedcor Tamugan, Inc. El Paso Philippines El Paso Philippines Energy Company, Inc. or HTI EPIRA RA No. 9136, otherwise known as the Hijos De F. Escaño, Inc. “Electric Power Industry Reform Act of Hijos 2001”, as amended from time to time, and including the rules and regulations issued thereunder IPPA Independent Power Producer Administrator Enerzone A term collectively referring to BEZ, MEZ JMI Jebsens Maritime, Inc. Companies and SEZ - the Company’s distribution utilities operating within special economic zones. kV Kilovolt, or one thousand volts ERC Energy Regulatory Commission kW Kilowatt, or one thousand watts Generation Refers to APRI, CPPC, DLP, EAUC, Hedcor, kWh Kilowatt-hour, the standard unit of energy Companies Hedcor Sibulan, Hedcor Tamugan, LHC, used in the electric power industry. One SNAP-Magat, SNAP-Benguet, SPPC, kilowatt-hour is the amount of energy STEAG Power, WMPC, RP Energy, and CEDC that would be produced by a generator collectively producing one thousand watts for one hour Global Formosa Global Formosa Power Holdings, Inc., LHC Luzon Hydro Corporation 30 Aboitiz Equity Ventures, Inc. SEC FORM 20 - IS (INFORMATION STATEMENT) Magat Plant The 360 MW Magat Hydroelectric Power PPA Power Purchase Agreement Plant of SNAP-Magat located at the border of Isabela and Ifugao provinces PSA Power Supply Agreement MEPZ I Mactan Export Processing Zone I PSALM Power Sector Assets and Liabilities Management Corporation MEPZ II Mactan Export Processing Zone II PSE Philippine Stock Exchange MEZ Mactan Enerzone Corporation PSPA Power Supply and Purchase Agreement MORE Manila-Oslo Renewable Enterprise, Inc. RA Republic Act MW Megawatt, or one million watts Renewable Energy RA No. 9513, otherwise known as the MWh Megawatt-hour Act or RE Law Renewable Energy Act of 2008 MVA Megavolt Ampere RORB Return-on-rate base rate setting system NEA National Electrification Administration RP Energy Redondo Peninsula Energy, Inc. NIA National Irrigation Authority Run-of-river Hydroelectric power plant that generates hydroelectric electricity from the natural flow and plant elevation drop of a river NPC National Power Corporation SBFZ Subic Bay Freeport Zone NWRB National Water Resources Board SBMA Subic Bay Metropolitan Authority PBR Performance-based rate-setting regulation SEC The Securities and Exchange Commission of the Philippines PEMC Philippine Electricity Market Corporation SEZ or SEZC Subic Enerzone Corporation PHBI Pacific Hydro Bakun, Inc., a wholly owned subsidiary of Pacific Hydro and the joint venture partner of ARI in LHC Sibulan Project Two run-of-river hydropower generating facilities tapping the Sibulan and Baroring rivers in Sibulan, Santa Cruz, Davao del Sur Philippine Pesos The lawful currency of the Philippines or π SFELAPCO San Fernando Electric Light and Power Co., Inc. PHPL or Pacific Pacific Hydro Pty. Ltd., an Australian Hydro Company which specializes in developing and operating renewable energy projects. It SNAP - Benguet SN Aboitiz Power – Benguet, Inc. (formerly, is the parent company of PHBI. SN Aboitiz Power Hydro, Inc.) Pilmico or PFC Pilmico Foods Corporation SNAP - Magat SN Aboitiz Power – Magat, Inc. Annual Report 2010 31 SEC FORM 20 - IS (INFORMATION STATEMENT) SPPC Southern Philippine Power Corporation TLI Therma Luzon, Inc. SN Power Statkraft Norfund Power Invest AS of TPC Toledo Power Company Norway TPI Therma Power, Inc. STEAG Power STEAG State Power, Inc. TPVI Therma Power-Visayas, Inc. Subsidiary In respect of any Person, any entity (i) over fifty percent (50.0%) of whose capital is owned directly by that Person; or (ii) Transco National Transmission Corporation and, as for which that Person may nominate or applicable, the National Grid Corporation appoint a majority of the members of of the Philippines or NGCP which is the the board of directors or such other body Transco concessionaire performing similar functions US$ or USD The lawful currency of the United States of TCIC Taiwan Cogeneration International America Corporation UnionBank or UBP Union Bank of the Philippines Team Philippines Team Philippines Industrial Power II Corporation (formerly, Mirant (Phils.) Industrial Power II Corp.) VECO Visayan Electric Company, Inc. Therma Marine or Therma Marine, Inc. VAT Value Added Tax TMI WCIP West Cebu Industrial Park Therma Mobile Therma Mobile, Inc. WESM Philippine Wholesale Electricity Spot Therma South, Inc. New name of Therma Pagbilao, Inc. Market Tiwi-MakBan Tiwi-MakBan Geothermal Complex, WMPC Western Mindanao Power Corporation composed of eight geothermal plants and one binary plant, located in the provinces of Batangas, Laguna and Albay. 32 Aboitiz Equity Ventures, Inc. SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-A ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF THE CORPORATION CODE OF THE PHILIPPINES 1. For the year ended 2010 2. SEC Identification Number CEO2536 3. BIR TIN 003-828-269-V 4. Exact name of registrant as specified in its charter Aboitiz Equity Ventures, Inc. 5. Cebu City, Philippines 6. Province, country or other jurisdiction Industry Classification Code of incorporation 7. Aboitiz Corporate Center, Gov. Manuel A. Cuenco Ave., Kasambagan, Cebu City 6000 Address of principal office Postal Code 8. (032) 411-1800 Issuer’s telephone number, including area code 9. NA Former name or former address, if changed since