October 15, 2008

Energy Development Corporation

38th Floor, One Corporate Centre Building, Julia Vargas corner Meralco Avenue

Ortigas Center, Pasig 1605, Philippines

Trunklines: +63 (2) 667-7332 (PLDT) / +63 (2) 755-2332 (Globe)


November 25, 2014

JANET A. ENCARNACION

HEAD, Disclosures Department
The Philippine Stock Exchange, Inc. Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City
Dear Ms. Encarnacion:
We wish to advise the Exchange that Bacman Geothermal Inc. ("BGI"), the wholly-owned subsidiary of Energy Development Corporation ("EDC") that owns and operates the Bacman Power Plants, concluded today the execution of a Power Supply Agreement with Manila Electric Company ("MERALCO"), the country's largest distribution utility.
Pursuant to the agreement, BGI shall supply MERALCO with 50 MW of power from the Bacman Power Plants over a term of 5 years extendible by an additional 2 years. The agreement shall be submitted to the Energy Regulatory Commission for approval.

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