Misplaced Pages

#897102

49-757: The rivalry was preceded by that between Crispa and the Meralco Reddy Kilowatts in the Manila Industrial Commercial Athletic Association (MICAA). After the Meralco team disbanded in 1972, most of its former players went on to form the core of a new team, the Komatsu Komets (later renamed, Toyota Comets) in 1973. The first championship matchup between the two teams took place during the 1974 MICAA All-Filipino tournament. The Redmanizers scored

98-528: A 2–0 sweep, winning the title-clinching game on October 15, 1974. The Redmanizers closed the game in the last 42 seconds to win, 103–99, before a crowd of 14,000 at the Araneta Coliseum . When the PBA was formed in 1975, the two teams dominated the league during its early years. They faced each other in the finals for six consecutive conferences in the PBA's first two seasons in 1975-1976. Toyota gained

147-708: A basketball team of the MERALCO Athletic Club owned by the Manila Electric Company (MERALCO) that played in the Manila Industrial and Commercial Athletic Association (MICAA) from 1968 to 1972. Its moniker and mascot, Reddy Kilowatt , was a licensed branding character used by the company during that period. The company briefly joined the MICAA prior to World War II and was re-admitted in 1968. The team consisted of players from

196-495: A downpayment of about $ 1,500 for a "very minimal" total sale price of about $ 28 million (200 million pesos at the prevailing rate). Installment payments were supposed to be due starting two years later. The Meralco Foundation takeover was immediately followed by a 100% increase in electric rates, with continuous increases throughout Romualdez' management. A rate adjustment clause, which allowed MERALCO to adjust its rates depending on crude oil increase or higher dollar exchange rates,

245-447: A minute left to cut the deficit at 62–61, Toyota teammate and former rival Fernandez passed the ball to Jaworski on the outside. Jaworski hit the three-pointer to put the game away for good, to the delight of the huge crowd. Many saw the play as a reversal of the memorable game-winner in the 1989 All-Star Game , where Fernandez scored the game winning shot from a Jaworski pass and saw both players publicly end their well-known feud. Toyota

294-600: A number of existing utility companies in the Philippines, enabling the company to expand beyond Manila. By 1930, MERALCO had completed construction of the Philippine's first hydroelectric power plant, the 23MW Botocan Hydro Station. At the time, this plant was one of the largest engineering projects in Asia and constituted the largest single private capital investment in the Philippines. The additional capacity allowed

343-573: A policy of serving prior disconnection notice. The 2.4 GHz band is mostly used by Wi-Fi and Bluetooth. In 1993, the National Telecommunications Commission allocated the 2.4 GHz band for the exclusive use by Meralco in Metro Manila, Central Luzon , and Calabarzon for the operation of their Supervisory Control and Data Access (SCADA) system which controls and monitors Meralco’s substations. This has made

392-544: The 1979 season All-Filipino, with Crispa beating Toyota. The Toyota Tamaraws finally won against the Redmanizers, winning the 1979 Invitational championship. The final championship face-off between the two teams was during the 1981 Open Conference. The Toyota Super Diesels defeated the Crispa Redmanizers, 103–97, in the fifth and final game of the best-of-five title series on July 25, 1981. The count in

441-558: The Basketball Association of the Philippines . The suspensions were lifted through the efforts of Presidential Assistant Guillermo “Gimo” de Vega in time for the 1973 FIBA Asia Championship . The team disbanded in 1972 in the wake of the declaration of Martial Law in the Philippines, wherein the Marcos government seized the company from Eugenio López, Sr. Reynoso, Jaworski, Bauzon, Acuña and Arnaiz went on to form

490-583: The JG Summit Group with 29.56%, for a combined 75.02% control of MERALCO. In 2014 and 2015, MERALCO requested the 16th Congress to tackle the extension of its franchise early, although its renewal was not due until six years later, in 2020. Meralco is facing a Philippine legislative inquiry/investigation for alleged excessive pricing. The government has considered a plan to take over Meralco, to reduce electricity bills. Meralco and National Transmission Corporation (TransCo) blamed each other for

539-1246: The Pasig Regional Trial Court. The May 29 National Association of Electricity Consumers for Reform (Nasecore) complaint accused Meralco of "illegally declaring as income ₱889 million in consumers' money, which represents interest from meter and bill deposits consumers had been paying since 1995." No bail was recommended for all the accused, 2006 officers of Meralco, to wit: Meralco chairman and CEO Manuel Lopez, executive vice president and chief financial officer Daniel Tagaza, first Vice-resident and treasurer Rafael Andrada, vice president and corporate auditor and compliance officer Helen De Guzman, vice president and assistant comptroller Antonio Valera, and senior assistant vice president and assistant treasurer Manolo Fernando; 2006 Meralco directors Arthur Defensor Jr., Gregory Domingo, Octavio Victor Espiritu, Christian Monsod, Federico Puno, Washington Sycip, Emilio Vicens, Francisco Viray and former Prime Minister Cesar Virata . Nasecore's complaint accusing Meralco of "illegally declaring as income 889 million pesos in consumers' money, which represents interest from meter and bill deposits consumers had been paying since 1995,"

SECTION 10

#1732790097898

588-704: The People Power Revolution in 1986 when it defaulted on its payments under the terms of the original turnover of shares in 1973, although it took a five year period before the shares were eventually reverted to the Lopezes in 1991. President Corazon Aquino reverted company ownership to the López Group . She also enacted an executive order that allowed the company to directly compete with Napocor. On March 18, 1989, MERALCO unveiled its new and current corporate logo. In 1990, MERALCO acquired

637-399: The 1969 National Seniors and the 1970 National Invitational. Manila Electric Company The Manila Electric Company ( PSE :  MER ), also known as Meralco ( / m ɜːr ɑː l k oʊ / , Tagalog: [mɛˈɾalkɔ] , stylized in uppercase ), is an electric power distribution company in the Philippines. It is Metro Manila 's only electric power distributor and holds

686-618: The ERC prescribed schedule and has allocated enough funds for the said refund. Meralco is also involved in the GSIS-Meralco bribery case . On October 6, 2008, the Pasig Regional Trial Court Branch 71 dismissed the syndicated estafa case filed against the Meralco board of directors, for the prosecution failed to establish all the elements of syndicated estafa . Presiding Judge Franco Falcon, pointed out in

735-531: The Lopezes, declared Martial Law , acquiring and consolidating power and effectively extending his beyond the constitutional term limit which would have forced him to step down in 1973. A few weeks later in November 1972, he issued Presidential Decree № 40, which nationalized the country's electric generation and transmission. A few more weeks after that, Marcos had Lopez' son and namesake, Eugenio "Geny" Lopez, Jr. arrested without formal charges, claiming that

784-664: The López Family, and the need to amend the Electric Power Industry Reform Act (EPIRA) of 2001. Oscar López said that if the GSIS would buy the Meralco shares, they must buy in whole cash, while many businessmen also said that taking over Meralco is not the way to reduce electrical price, which depends on the national government and the President. The issue was also seen as a purposeful diversion from

833-539: The Manila Electric Company. This extension was one of the most profitable of MERALCO's lines. By the 1920, MERALCO invested on transportation and owned a 170-strong fleet of streetcars, before switching over to buses later in that decade. The company operated 52-miles of trams until World War II. The equipment and tracks of the system was severely damaged during the war and had to be removed. By 1915, electricity generation and distribution became

882-701: The Manila Suburb Railway were founded and later merged with the Manila Electric Company. Forming the Manila Electric, Railway and Lighting Company. The name Manila Electricity, Lighting and Railroad Company (MELARCo) was also considered. Swift was awarded another franchise in 1906 to operate a 9.8 kilometres (6.1 mi) extension line from Paco to Fort McKinley and Pasig and founded the Manila Suburban Railway to operate this franchise. In 1919 this company merged with

931-619: The New Supersonic Industrial Corp. in Valenzuela , shut off the electricity in the factory and Yu's residence. The Court of Appeals later ruled that Meralco violated the law when it cut off the electric supply of a consumer without notice; the decision later upheld by the Supreme Court in late June 2023, with Yu being entitled to ₱150,000 in damages. The court said that a written notice must be given to

980-499: The PBA franchise of the Crispa team was sold to Pilipinas Shell Petroleum Corporation. The rivalry of both teams is still remembered to this day by older basketball fans, sharing countless stories of the historic rivalry. Since the disbandment of both teams, there were a few short-lived rivalries in the PBA that followed, but not as intense and anticipated as to this rivalry. Players from both teams garnered instant popularity outside of

1029-511: The PBA held PBA's Greatest Game , a match featuring many star players from the league's long history. The game featured the Greats team coached by Robert Jaworski, and included a few former Toyota players. On the other side, coach Baby Dalupan had his Legends team, which featured several former Crispa players. The game was won by the Legends, 96–92, but the stars of that match were the greats of

SECTION 20

#1732790097898

1078-577: The building of additional power stations in the Manila area with two more planned in Rizal Province . The Meralco Building, designed by National Artist of the Philippines for Architecture José María Zaragoza , was built during this period. The Meralco Theater within it was inaugurated shortly thereafter, in March 1969. In September 1972, President Ferdinand Marcos , who had begun feuding with

1127-463: The city and its suburbs. Detroit entrepreneur Charles M. Swift was the sole bidder and on March 24, 1903, was granted the original basic franchise of the Manila Electric Company. March 24 thus is marked annually as the company's anniversary. The Manila Electric Company acquired both La Electricista and the Compañía de los Tranvías de Filipinas , a firm that ran Manila's horse-drawn tramways which

1176-745: The close of the Spanish era . La Electricista had built a central power plant on Calle San Sebastian (now Hidalgo Street ) in Quiapo, Manila . On January 17, 1895, its streetlights were turned on for the first time and by 1903, it had about 3,000 electric light customers. On October 20, 1902, during the American Colonial Period, the Second Philippine Commission began accepting bids to operate Manila's electric company, and by extension, providing public lighting to

1225-665: The company to begin hooking up customers throughout the metropolitan area . To drive demand for more power, MERALCO also opened a retail store in order to sell electric home appliances. During the Second World War , the Japanese occupying forces forcibly transferred all of MERALCO's assets and holdings to the Japanese-controlled Taiwan Power Company . By war's end, most of the former Meralco facilities had been destroyed. AGECO

1274-559: The company, but other areas, mostly rural municipalities, are served by electric cooperatives. In Batangas, only Santo Tomas , the First Philippine Industrial Park and First Industrial Township SEZ both in Tanauan , Batangas City , San Pascual and parts of Laurel (Barangays of Niyugan and Dayap Itaas) and Calaca (parts of Barangay Cahil) which facing Tagaytay–Nasugbu Highway are served by Meralco, and

1323-406: The consumer at least 48 hours prior to Meralco's disconnection of its electric service on grounds cited under Section 4(a) of Republic Act No. 7832 ; in that case, a consumer's right to due process was violated. Spokesperson Joe Zaldarriaga, in a statement, said that Meralco will respect and abide by the said decision; however, he said that the incident occurred when Meralco was already implementing

1372-816: The demise of the YCO - Ysmael Steel rivalry following the breakup of the Ysmael Steel Admirals in 1968, the Reddy Kilowatts and the Crispa-Floro Redmanizers began its own rivalry beginning in 1970. The rivalry came into full bloom on December 19, 1971, during their last 1971 MICAA All-Filipino elimination round game - when Reynoso and Jaworski mauled referees Eriberto “Ting” Cruz and Jose “Joe” Obias in retaliation for what Reynoso and Jaworski perceived to be dubious calls against them. Reynoso and Jaworski were meted lifetime suspensions by

1421-898: The electric facilities and other assets of the Communications and Electric Development Authority, one of two companies that distributed power in Cavite Province for much of the 1970s and 80s. Between 2009 and 2012, the López Group would reduce its 33.4% holdings in MERALCO by selling most of its shares to the First Pacific Group . By 2012, the López Group's holdings in MERALCO would be reduced to 3.95%. The First Pacific Group, through Beacon Electric Asset Holdings Inc. and Metro Pacific Investment Corporation , currently holds 45.46% share in MERALCO, followed by

1470-455: The finals meeting was six wins for Crispa and four for Toyota. Their final official PBA game took place on October 9, 1983, with Crispa winning, 111–96. In terms of cumulative PBA games played between each other (1975-1983), Crispa won 65 games as against 58 to Toyota. In February 15, 1984, Toyota's PBA franchise was sold to Shareholdings, Inc. of the Lucio Tan group. The following year,

1519-509: The headstart, winning their first two championships in the league's maiden season. After Crispa denied Toyota of a grand slam in 1975, by winning the third conference All-Philippine championship in a pulsating 3–2 series victory, the Redmanizers defeated the Comets in all three conferences the following year in 1976, thus becoming the league's first grand slam winner. After the 1976 season, the two rivals would face each other again during finals of

Crispa–Toyota rivalry - Misplaced Pages Continue

1568-406: The high power rates. Meralco also blames high power generation costs, high transmission costs and government taxes imposed on the electricity sector from power generation to distribution. Government Service Insurance System (GSIS) President Winston García, however, blamed Meralco's inefficiency, its "bloated bureaucracy" and its sourcing of power from independent power producers (IPPs) also owned by

1617-428: The just-disbanded Ysmael Steel Admirals – namely, Alberto “Big Boy” Reynoso , Alfonso “Boy” Marquez , Jimmy Mariano and Orlando Bauzon . Other players included, Ramon Lucindo, Robert Jaworski , Fort Acuña , Francis Arnaiz , Bobby Salonga, Arthur Herrera, Larry Mumar and Jumbo Salvador. The team was originally coached by Valentin “Tito” Eduque . In 1970, Lauro Mumar took over the position of head coach. After

1666-536: The main MERALCO's main income generator, overtaking its public transportation operations in terms of revenue. In 1919, it changed its official name to Manila Electric Company. By 1920, the company's power capacity had grown to 45 million kWh. In 1925, MERALCO was acquired by the utility holding company Associated Gas and Electric , which had begun a massive expansion throughout the United States and Canada . With AGECO's financial backing, MERALCO began acquiring

1715-537: The nucleus of the Komatsu Komets/Toyota Comets in 1973. The Comets carried on MERALCO’s rivalry with Crispa beginning in 1974, during the 1974 MICAA All-Filipino tournament. The Reddy Kilowatts won one MICAA championship in the 1971 MICAA Open, defeating Crispa, 65–58, before a banner crowd at the Araneta Coliseum . This was MERALCO's only MICAA basketball title since rejoining the league in 1968. They also won two (2) National ( BAP ) titles -

1764-421: The players were past their prime, it did not look like they lost a step at all as each possession was tenaciously fought. The game was a hotly contested match which saw the lead change hands many times, a virtual flashback to both teams' glory days in the late seventies and early eighties. Toyota won the reunion game 65-61 but not without some late-game magic from Jaworski. After Adornado's three-pointer with under

1813-488: The playing court. Such was evident with Robert Jaworski's senatorial victory in 1998, Ramon Fernandez's and Philip Cezar's activities within the sport, and the several movie and television show appearances of Atoy Co, Bernie Fabiosa among others. A highly anticipated reunion game between both teams was played on May 30, 2003, at the Araneta Coliseum as part of the PBA All-Star Weekend festivities. Although

1862-435: The power distribution franchise for 39 cities and 72 municipalities, including the whole of Metro Manila and the exurbs that form Mega Manila . The name "Meralco" is an acronym for Manila Electric Railroad and Light Company , which was the company's official name until 1919. Organized in 1891 and beginning operations in late 1900, La Electricista was the first electric company to provide electricity to Manila towards

1911-551: The ruling that the board is not the kind described by the law as being formed to perpetrate an illegal act for the board of directors were elected by stockholders. The court explained, "Therefore, the accused can never be charged of taking part in the commission of syndicated estafa not only because they are not part of a syndicate as contemplated by law in PD 1689, but more so, because there was absolutely no estafa committed." According to Philippine law, to constitute syndicated estafa ,

1960-459: The subject money or property must be received by the offenders. The money represents the accrued interests on the bill and meter deposits, which were paid by Meralco customers, not directly to the board, but to the various Meralco business centers where the customers transacted. Meralco expressed elation over the dismissal. A complaint was filed by Lucy Yu against Meralco which, on December 9, 1999, its representatives, forcibly entering her office at

2009-448: The then-ongoing ZTE NBN scandal and other government issues. A perceived lack of general understanding regarding the issue of system loss, inherent in the business of utilities prompted Meralco's former holding company, First Philippine Holdings, to issue advertisements explaining systems loss. The Department of Justice (Philippines) filed syndicated ( fraud ) charges against Meralco in its August 22, 2008 31-page resolution, filed with

Crispa–Toyota rivalry - Misplaced Pages Continue

2058-941: The use of the 2.4 GHz band in the Philippines illegal, in spite of the International Telecommunication Union declaring the 2.4 GHz band as an ISM unlicensed band. On September 12, 2003, the NTC issued Memorandum Circular No. 09-09-2003, which lifted the ban on the 2.4 GHz band. Meralco serves Metro Manila , where it is the sole electricity distributor, as well as some nearby provinces, like Bulacan , Cavite , Laguna , Batangas , Rizal , Quezon . Bulacan , Cavite , and Rizal are solely served by Meralco, but on some provinces, it only serves some parts, like in Laguna, Batangas, and Quezon, where most or some areas are served by electric cooperatives . In Laguna and Quezon, most part of those provinces are served by

2107-597: The younger Lopez had been involved in an alleged assassination attempt against him. Geny's arrest became a bargaining chip which eventually compelled the Lopezes to sell their controlling share of Meralco Securities Corporation to Marcos' associates late in 1973. Ownership of Meralco Securities Corporation was placed under a newly created shell company called the Meralco Foundation, Inc. , controlled by Marcos' brother-in-law Benjamin Romualdez , which made

2156-631: The younger generation. In retrospect, the Crispa–Toyota rivalry was one of the most colorful episodes in Philippine sports, and ensured the popularity of the PBA and of basketball in the country. From 1975 to 1983: *including the 2003 PBA reunion game in which Toyota won; and excluding the two 1984 non-PBA exhibition games in Guam where both teams split their two meetings From 1975 to 1983:    Crispa    Toyota Meralco Reddy Kilowatts The MERALCO Reddy Kilowatts were

2205-563: Was also introduced. In 1977, MSC was renamed First Philippine Holdings Corporation . By 1978, all of the Philippines' major power plants were owned and operated by Napocor, including the Metro Manila plants that MERALCO had built beforehand in the 1960s. By the end of the Martial Law period in 1981, MERALCO expanded even further into Cavite and western parts of Laguna, Rizal and Quezon provinces, as well as parts of southern Bulacan. Meralco Foundation's control of MERALCO lasted until

2254-520: Was coached by Dante Silverio, with Jaworski also lending some of his coaching tactics, while Crispa was coached by the legendary Baby Dalupan. Terry Saldaña won the MVP of the game after posting a double-double for the Tamaraws. Although the losing Redmanizers called for a rematch, there has been no serious talk of a potential rematch by both teams. On 28 May 2005, to celebrate the PBA's 30th Anniversary,

2303-487: Was founded in 1882. Construction on the railed tramway began that same year. In addition to acquiring La Electricista's Calle San Sebastian power plant, the company built its own turbine rotated by water steam generating electricity plant on Isla Provisora (later becoming the Manila Thermal Power Plant ), which lighted the railed tram system and eventually also provided the electric service. By 1906,

2352-505: Was immediately refuted by the accused company as the alleged ₱889 million only stemmed from a generally accepted accounting principle of reversing Meralco's earlier provision for meter deposit interests which, earlier set at 10% per annum was deemed too high and was set to the recommended 6%. Meralco also questioned how a syndicated estafa case can arise when it has already announced and committed that it will be refunding to customers who paid meter deposit principals plus interest months ahead of

2401-400: Was reorganized as General Public Utilities Corporation or GPU in 1946. MERALCO's autobus franchise was sold to Halili Transport. In 1962, Eugenio López, Sr. of the influential López family of Iloilo put together Meralco Securities Corporation (MSC), which acquired MERALCO, making it wholly Filipino-owned. During 1962-72, he increased MERALCO's power generating capacity by five times with

#897102