Electricidad de Caracas
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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%. Paul Hanrahan, president and CEO of AES said the deal had been a fair process that respected the rights of investors. Since 2007 and the nationalization of the electricity generation and transportation, it has been incorporated into Corpoelec.
|Traded as||BVC: EDC|
|Richard Bulger (Chairman)|
|Services||Electric power distribution|
|Revenue||US$835.5 million (2008)|
|- US$140.1 million (2008)|
Number of employees
|Subsidiaries||Electricidad de Guarenas y Guatire|
- "Venezuela moves to nationalize top electric company with buyout of AES stake". International Herald Tribune. 2007-02-08. Retrieved 2007-02-09.