First Philippine Holdings Corporation engages in the power generation business in the Philippines. The company operates through Power Generation, Real Estate Development, Manufacturing, and Construction and Others Services segments. It generates power through natural gas-fired, hydroelectric, geothermal, and wind and solar power plants. The company develops residential and commercial projects; operates cinema and hotels, as well as involved in the retail and office leasing activities; develops and manages industrial estate; and leases, owns, acquires, and sells real and personal properties, and land. It also manufactures current, dry-type, and small kilo-volt ampere distribution transformers; distribution and power transformers, automatic voltage regulators, and special line equipment, as well as offers technical services. In addition, the company engages in the construction of power plants, transmission lines, public infrastructure, and electro-mechanical works; provides services for the drilling and workover of exploratory or development geothermal wells; rents and leases trucks, tractors, vans, buses, trailers, and light and heavy equipment for use in transportation, construction, and related services; and produces crush concrete aggregates and other related products. Further, it is involved in the hauling, trucking, and delivery of various goods and materials; quarrying and production of rocks, stones, and other related products; oil transporting, securities transfer, medical and research, education, financing, and others activities; and constructs and operates liquid or gas pipeline. The company was formerly known as Meralco Securities Corporation and changed its name to First Philippine Holdings Corporation in September 1972. The company was founded in 1961 and is based in Pasig, the Philippines. First Philippine Holdings Corporation is a subsidiary of Lopez, Inc.