| Type | Public (BVC: EDC) |
|---|---|
| Industry | Utilities |
| Founded | (1895) |
| Headquarters | Caracas, Venezuela |
| Key people | Richard Bulger (Chairman) |
| Products | Electricity generation and distribution |
| Revenue | US$ 835.5 Million (2008) |
| Operating income | - US$ 140.1 Million (2008) |
| Employees | 2900 |
| Parent | PDVSA |
| Subsidiaries | Electricidad de Guarenas y Guatire |
| Website | www.laedc.com.ve |
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]
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