Incorporated on December 22, 1998, First Gen Corporation (FGEN) and its subsidiaries are involved in the power business. FGEN is a Filipino-owned and controlled independent power producer (IPP) in the Philippines. All of the company's power generation plants are operational, except for the Bauang plant, and are majority-owned and controlled by FGEN through its subsidiaries. The different companies under FGEN consist of First Gas Holdings Corporation, Unified Holdings Corporation, First Gen Renewables, Inc., Red Vulcan Holdings Corporation, First Gen Hydro Power Corporation and First Private Power Corporation. Among the power plants operated by the company include the 1,000-megawatt (MW) Santa Rita power plant, the 500-MW San Lorenzo power plant, the 112-MW Pantabangan-Masiway hydroelectric plant, and the 1.6-MW Agusan power plant. Energy Development Corporation, one of FGEN's subsidiaries, is the Philippines' largest producer of geothermal energy. Source: SEC Form 17-A (2008)