Electricidad de Caracas
Electricidad de Caracas (BVC: EDC) is the integrated electricity company for Caracas, Venezuela and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation in 2000 and sold to the state-owned oil company PDVSA in 2007, which now owns 93.62%.[1] Paul Hanrahan, president and CEO of AES said the deal had been a fair process that respected the rights of investors.[2] Since 2007 and the nationalization of the electricity generation and transportation, it has been incorporated into Corpoelec.
 | |
| Type | Public |
|---|---|
| BVC: EDC | |
| Industry | Electricity |
| Founded | 1895 |
| Founder | Ricardo Zuloaga |
| Headquarters | , |
Key people | Richard Bulger (Chairman) |
| Products | Electric power |
| Services | Electric power distribution |
| Revenue |  US$835.5 million (2008) |
 - US$140.1 million (2008) | |
Number of employees | 2,900 |
| Parent | PDVSA |
| Subsidiaries | Electricidad de Guarenas y Guatire |
| Website | www |
See also
References
- "Venezuela moves to nationalize top electric company with buyout of AES stake". International Herald Tribune. February 8, 2007. Retrieved February 9, 2007.
External links
Authority control  |
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