Electricidad de Caracas

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CA La Electricidad de Caracas
Public
Traded as BVC: EDC
Industry Electricity
Founded 1895 (1895)
Founder Ricardo Zuloaga
Headquarters Caracas, Venezuela
Key people
Richard Bulger (Chairman)
Products Electric power
Services Electric power distribution
Revenue Increase US$835.5 million (2008)
Decrease - US$140.1 million (2008)
Number of employees
2,900
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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