1961

Meralco Securities Corp. (MSC), the future First Philippine Holdings Corp. (FPH), is founded as a vehicle to purchase and operate power utility Meralco. Soon after, owner Eugenio Lopez Sr. (EL Sr.) fast-tracks Meralco’s expansion program.

1966

Oscar M. Lopez (OML), the second of EL Sr.’s five children, heads the newly created Department of Economic Research and Development of MSC.

1967

Meralco Securities Industrial Corp. (MSIC) is organized to build and operate pipelines to bring petroleum products from the refineries in Batangas; today, the company is known as First Philippine Industrial Corp.

1969

The 1960s closes with the establishment of two more companies: Philippine Electric Corp. and Philippine Engineering and Construction Company (PECCO), now known as First Balfour.

1972

Eugenio “Geny” Lopez Jr. is arrested soon after the declaration of martial law. A year later, EL Sr. hands over his holdings in MSC to Meralco Foundation Inc. (MFI) in exchange for his eldest son’s release. Pres. Marcos, however, reneges on his promise.

1986

The Lopezes in exile return to the country after Pres. Marcos’ ouster. As the new CEO of FPH, OML starts settling the company’s debt amounting to more than P1 billion and closing down subsidiaries. He also begins the process of reclaiming Meralco shares from MFI.

1990

FPH posts its first profit since 1983.

1993

First Philippine Infrastructure Development Corp. and Manila North Tollways Corp. rehabilitate, expand and operate the North Luzon Expressway.

1994

Elpidio Ibañez becomes president and COO of FPH First Philippine Gas Power Corp. aims to generate 1,500 megawatts using natural gas from Malampaya.

1995

Bauang begins commercial operations.

1996

First Gas and other international companies put up two power plants in Batangas.

1999

First Philippine Industrial Park, a joint venture with Sumitomo Corp., opens in Sto. Tomas, Batangas.

2000

The 1,000-MW Sta. Rita power plant starts operations Asian Eye Institute opens its doors in Rockwell Center.

2001

The pipeline from Camago- Malampaya in Palawan to the Shell gas platform in Tabangao, Batangas is opened.

2002

The 500-MW San Lorenzo plant is turned on.

2007

First Gen, through Red Vulcan Holdings Corp., wins the bid for a 60% controlling stake in Energy Development Corp. (EDC).

2008

Launch of EDC’s Binhi, a reforestation project which aims to plant 10,000 hectares of forests in 10 years.

2010

OML retires as chair and CEO of FPH. He is succeeded by Federico R. Lopez.

2011

FPH turns 50.

2012

First Gen becomes 100% owner of the Sta. Rita and San Lorenzo power plants after buying out the British Gas Group. Meanwhile, EDC begins exploration activities in Chile, Peru and I21ndonesia.

Rockwell Land is listed on the Philippine Stock Exchan1ge.

2013

Construction of the 150-MW Burgos Wind Project in Ilocos Norte commences.

2014

First Gen begins construction of Unit 70 of the San Gabriel Power Plant Project.

2015

Ibañez retires. Giles Puno takes over as president and COO of FPH.