AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.

AGUSAN DEL SUR ELECTRIC COOPERATIVE, INC. (ASELCO)

AKLAN ELECTRIC COOPERATIVE, INC.

ALBAY POWER (APEC)

ANGELES ELECTRIC COMPANY

ANTIQUE ELECTRIC (ANTECO)

BATANGAS I ELECTRIC COOPERATIVE INC.

BATANGAS II ELECTRIC COOPERATIVE INC.

BATELEC I

BATELEC II

BENECO

BENGUET ELECTRIC COOPERATIVE INC.

BOHOL II ELECTRIC COOPERATIVE, INC.

CABANATUAN ELECTRIC CORPORATION

CAGAYAN 1 ELECTRIC COOPERATIVE INC

CAGAYAN ELECTRIC (CEPALCO)

CAGAYAN ELECTRIC POWER AND LIGHT COMPANY, INC.

CAGAYAN2 ELECTRIC COOP. INC.

CAMARINES SUR I ELECTRIC COOPERATIVE

CAMARINES SUR II ELECTRIC COOPERATIVE

CAMARINES SUR III ELECTRIC COOPERATIVE

CAMARINES SUR III ELECTRIC COOPERATIVE, INC.

CAMARINES SUR IV ELECTRIC COOP.

CAMIGUIN ELECTRIC COOPERATIVE, INC.(CAMELCO)

CAPIZ ELECTRIC COOPERATIVE, INC.

CEBECO3

CEBU II ELECTRIC COOPERATIVE INC

CENTRAL PANGASINAN ELECTRIC COOPERATIVE INC

CLARK ELECTRIC DISTRIBUTION CORPORATION

COTABATO ELECTRIC COOPERATIVE, INC.

COTABATO ELECTRIC COOPERATIVE, INC. – PPALMA

COTABATO LIGHT

COTABATO LIGHT

DAGUPAN ELECTRIC CORPORATION

DAVAO DEL NORTE ELECTRIC COOP. (NORDECO)

DAVAO DEL SUR I ELECTRIC COORPERATIVE, INC.

DAVAO LIGHT

DAVAO LIGHT & POWER COMPANY INC.

DAVAO LIGHT & POWER CORPORATION

DON ORESTES ROMUALDEZ ELECTRIC COOPERATIVE, INC.

FIRST BAY POWER CORP.(FBPC)

FIRST LAGUNA ELECTRIC COOPERATIVE INC.

GUIMARAS ELECTRIC COOPERATIVE

IFUGAO ELECTRIC COOPERATIVE, INC.

ILECO 1

ILIGAN LIGHT

ILOCOS NORTE ELECTRIC COOPERATIVE INC.

Ilocos Sur Electric Cooperative, Inc.

ILOILO ELECTRIC (ILECO 2)

ILOILO I ELECTRIC COOPERATIVE INC.

ILOILO III ELECTRIC COOPERATIVE INC

ISABELA 1 ELECTRIC COOPERATIVE INC.

KALINGA-APAYAO ELECTRIC COOP.

LA UNION ELECTRIC COOPERATIVE INC

LANAO DEL SUR ELECTRIC COOPERATIVE, INC.

LEYECO 2

LEYTE II ELECTRIC COOPERATIVE, INC.

LEYTE IV ELECTRIC COOPERATIVE INC.

LEYTE V ELECTRIC COOPERATIVE, INC. (LEYECO V)

LIMA ENERZONE CORPORATION

MACTAN ELECTRIC COMPANY, INC.

MARINDUQUE ELECTRIC (MARELCO)

MERALCO

MISAMIS OCCIDENTAL I ELECTRIC COOPERATIVE INC.

MISAMIS ORIENTAL II ELECTRIC SERVICE COOP

MISAMIS ORIENTAL-1 RURAL ELECTRIC SERVICE COOP

NORECO2

NUEVA ECIJA 1 ELECTRIC COOPERATIVE, INC.

NUEVA ECIJA II ELECTRIC COOPERATIVE AREA 1

NUEVA ECIJA II ELECTRIC COOPERATIVE AREA 2

NUEVA VIZCAYA ELECTRIC COOPERATIVE

OLONGAPO ELECTRICITY DISTRIBUTION COMPANY INC.

PAMPANGA I ELECTRIC COOPERATIVE INC.

PAMPANGA II ELECTRIC COOPERATIVE INC.

PAMPANGA III ELECTRIC COOPERATIVE INC.

PAMPANGA RURAL ELECTRIC COOPERATIVE INC.

PANAY ELECTRIC COMPANY

PANELCO-I

PANGASINAN I ELECTRIC COOPERATIVE, INC

PANGASINAN III ELECTRIC COOPERATIVE INC.

PENINSULA ELECTRIC COOPERATIVE INC.

QUEZON I ELECTRIC COOPERATIVE, INC.

QUEZON II ELECTRIC COOPERATIVE, INC.

SAN FERNANDO LIGHT AND POWER COMPANY

SAN JOSE CITY ELECTRIC COOPERATIVE

SAN JOSE ELECTRIC (SAJELCO)

SOCOTECO1

SORSOGON II ELECTRIC COOPERATIVE, INC

SORSOGON1 ELECTRIC COOPERATIVE, INC.

SOUTH COTABATO II ELECTRIC COOPERATIVE INC.

SOUTHERN LEYTE ELECTRIC COOPERATIVE

SUBIC ENERZONE

SUBIC ENERZONE CORPORATION

SULTAN KUDARAT ELECTRIC COOPERATIVE(SUKELCO) INC

SURIGAO DEL SUR I ELECTRIC COORPERATIVE, INC.

TARLAC ELECTRIC COMPANY

TARLAC ELECTRIC COOPERATIVE II

TARLAC ELECTRIC INC.(TEI)

TARLAC1 ELECTRIC COOP, INC.

TEAM ENERGY FOUNDATION INC.

VISAYAN ELECTRIC

ZAMBALES I ELECTRIC COORPERATIVE, INC.

ZAMBALES II ELECTRIC COOPERATIVE, INC.

ZAMBOANGA CITY ELECTRIC COOPERATIVE