First Philippine Holdings Corporation (FPH), formed on June 30, 1961 with the primary purpose of purchasing and acquiring shares of stocks, bond issues, and notes of Manila Electric Company, has grown into a corporation with diversified interests in power generation and distribution, tollways, pipeline service, property development, manufacturing, construction and engineering services. FPH's operating businesses are organized and managed separately according to the nature of the products and services, with each segment representing a strategic business unit that offers different products and serves different markets. The company's major business segments are in power generation, roads and tollways operations, construction and sale of merchandise, and real estate. The company's subsidiaries and affiliates include, among others, First Gen Corporation, First Gas Power Corporation, First Gen Hydro Power Corporation, First Gen Energy Solutions, Inc., Red Vulcan Holdings Corporation, First Philippine Infrastructure, Inc., First Philippine Electric Corporation, First Philippine Realty Development Corporation, and First Balfour, Inc. Source: SEC Form 17-A (2008)