332:. The period of existence of the franchise was for 50 years. This was subsequently extended for another 25 years by RA 6454 which took effect in 1972. In 2005, RA 9339 was signed extending the term of VECO's franchise for another 25 years. At present, VECO's franchise area covers the cities of Cebu, Mandaue, Talisay and Naga plus the
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VECO was founded in 1905 by a group of Cebu businessmen led by Messrs. M. Levering, A. Bryan, R. Landon and A. Pond. It started with an 800 kW generating facility by the Cebu pier. By 1918 the Escaño family's Vda. y Hijos de F. Escaño, Inc. (Widow and
Children of F. Escaño, Inc.) had acquired
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In the 1930s, with the success of Daza's expansion, VECO rewarded its employees by developed a company club house for the improved mind, health, living conditions and efficiency of its personnel. The clubhouse featured a free medical treatment and medicines. Its amenities included a modern tennis
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with a Call Center equipped with Voice Over
Internet Protocol (VoIP) telephone system integrated with a Customer Relation Management System (CRMS). A second, albeit smaller, full service center also opened in Talisay City in 2007 to attend to the needs of customers in the southern part of the
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During the Second World War the United States Armed Forces in the Far East (USAFFE) bombed all the generation units in order to deprive the occupying
Japanese forces control of the network. In December 1945, with the war over, VECO was back in business delivering power to its customers.
211:. The development allowed for greater generation capacity and was publicly promoted increasing the company's clientele. The rapid increase in need and accessibility of electricity in the early 20th Century resulted in the two engines being overpowered by 1925. That same year, a
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VECO was granted its legislative franchise under Act No. 3499 which was approved by the
Philippine Legislature in 1928. It authorized VECO to install, operate and maintain electric light, heat and power system in the Municipalities of
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VECO uses a SCADA (Supervisory
Control and Data Acquisition) system to monitor and control its electric distribution assets via remote control. It also has a GIS (Geographic Information System) to map and manage its facilities.
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franchise area. VECO is owned and managed by publicly listed
Aboitiz Power Corporation (PSE: AP) and Vivant Corporation. Approximately 800 individual shareholders comprise the VECO shareholders' roster.
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in Manila to work on a new franchise. The
Legislature approved the franchise in 1931, and VECO was given a 50 year authorisation to operate North and South of Cebu over 60km including:
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was added to accommodate the increasing usage. By 1929, a fourth engine, a newer model of the existing Polar Atlas diesel engine was added, boasting 550hp.
229:, the then Supervising Engineer and Assistant General Manager of the Company, sought to expand VECO's business outside of the City of Cebu. Daza went to
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court, bowling alley, library, gymnasium, billiards and ping-pong. The company also established a 5-year's of service bonus.
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control and began expanding both the generation capacity and the distribution network.
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In 1919, under the Escaño family, VECO was reorganised and purchased two 250
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In 1938, VECO had 10,000~ customers and owned subsidiary plants in:
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The
Commercial & Industrial Manual of the Philippines 1937-1938
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418:. Manila: Philippine Educational Company Inc. pp. 502–504.
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280:, boasting 1,500hp. In 1933, VECO produced 3,815,270KWH.
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Messrs. M. Levering, A. Bryan, R. Landon and A. Pond.
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In early 2005, VECO opened a full service center at
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160:and four municipalities of the greater part of
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412:Philippine Educational Company Inc. (1938).
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207:to replace the company's single 300hp
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328:(now City), Consolacion, Liloan and
422:from the original on July 11, 2021
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126:Visayan Electric Company, Inc.
19:Visayan Electric Company, Inc.
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475:Companies based in Cebu City
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289:Dumaguete, Central Visayas
278:Internal Combustion engine
320:(now City), Minglanilla,
144:and serves the cities of
136:), is the second largest
101:Aboitiz Power Corporation
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274:Sulzer-Unternehmungen AG
218:(Now Atlas Copco) 500hp
231:Philippine Legislature
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103:and Vivant Corporation
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192:VECO's previous logo
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293:Dipolog, Zamboanga
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307:Legislative Order
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47:Power distributor
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128:, also known as
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426:September 7,
424:. Retrieved
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361:SM City Cebu
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350:San Fernando
316:(now City),
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263:San Fernando
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209:steam engine
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178:San Fernando
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61:Headquarters
33:Company type
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452:Electricity
346:Minglanilla
338:Consolacion
276:Winterthur
255:Minglanilla
239:Consolacion
216:Polar Atlas
205:gas engines
174:Minglanilla
170:Consolacion
142:Philippines
76:Area served
69:Philippines
464:Categories
368:References
330:Compostela
285:Bogo, Cebu
247:Compostela
162:Metro Cebu
132:(formerly
88:Key people
81:Metro Cebu
65:Cebu City
420:Archived
43:Industry
381:Visayas
326:Mandaue
318:Talisay
251:Talisay
235:Mandaue
213:Swedish
184:History
154:Talisay
150:Mandaue
140:in the
108:Website
53:Founded
342:Liloan
291:; and
243:Liloan
166:Liloan
97:Owners
37:Public
271:Swiss
267:Danao
428:2021
392:Cebu
348:and
322:Naga
314:Cebu
265:and
259:Naga
245:and
176:and
158:Naga
156:and
146:Cebu
134:VECO
117:.com
56:1905
336:of
113:www
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