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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.

CA La Electricidad de Caracas
Public
Traded asBVC: EDC
IndustryElectricity
Founded1895 (1895)
FounderRicardo Zuloaga
Headquarters,
Key people
Richard Bulger (Chairman)
ProductsElectric power
ServicesElectric power distribution
RevenueIncrease US$835.5 million (2008)
Decrease - US$140.1 million (2008)
Number of employees
2,900
ParentPDVSA
SubsidiariesElectricidad de Guarenas y Guatire
Websitewww.laedc.com.ve

See alsoEdit

ReferencesEdit

  1. ^ [1]
  2. ^ "Venezuela moves to nationalize top electric company with buyout of AES stake". International Herald Tribune. 2007-02-08. Retrieved 2007-02-09.

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