The MERALCO Reddy Kilowatts was a powerhouse basketball team that played in the Manila Industrial and Commercial Athletic Association (MICAA) from 1968 to 1972.

The rivalry came into full-bloom during the 1971 MICAA All-Filipino championship, when Reynoso and Jaworski punched referees Eriberto “Ting” Cruz and Jose “Joe” Obias for what was the duo perceived questionable calls against MERALCO.

The incident resulted to lifetime suspensions meter against the two that were lifted eventually so that the two can join the national team in the 1973 Asian Basketball Championship.

The team disbanded in 1972 in the wake of the declaration of Martial Law in the Philippines, wherein the Marcos government seized MERALCO from Eugenio López, Sr.

Before the Commissioner's Cup, they made a huge trade by acquiring Solomon Mercado along with Paolo Bugia and Erick Rodriguez.

During the 2011 PBA Draft, Meralco selected Gilas reserve Jason Ballesteros, as well as Gilbert Bulawan to augment their frontline.

In the 2012 PBA Commissioner's Cup, they finished at another sixth place at 4–5 on that 102–98 upset win over Powerade Tigers but in another miss to the semifinals for the Bolts.

In the knockout game for the last semis berth, they defeated the Powerade Tigers, 94–86 to advance to their first semifinals appearance in their franchise history.

After realizing that Danny I still has what it takes to play, and can still help the team in terms of his leadership and positive influence, the Bolts signed him for the rest of the season.

Since Barako Bull and GlobalPort have higher quotients, Meralco was forced to play a sudden death game with Alaska Aces to determine the eighth and final playoff spot.

The team improved very well in the Commissioner's Cup, where they were led by ex-Maccabi Tel Aviv BC player Arinze Onuaku, who would win the Best Import of the Conference award.

[14] For the first time since their first finals appearance, Meralco did not passed the semifinals, as they are defeated by the Alaska Aces in a best of five saga in the 2018 PBA Governors' Cup.

Now, Meralco without Baser Amer, after being traded to Blackwater for Mac Belo, was now led by Chris Newsome and Raymond Almazan.

In the middle of Philippine Cup, Norman Black filed leave for personal reasons and replaced by Luigi Trillo for last five games of the elimination round.

[20] After years of service as head coach, Norman Black was now reassigned as team consultant and Luigi Trillo will replace him on the former position.

[21] In the Commissioner's Cup, parading Shonn Miller as their import, Bolts finished in the 5th place with 8–3 record tied with Ginebra and Phoenix, and the lowest of the three.

[23][24] Bolts did not duplicated the previous conference's win-loss record, but able to secure third-seed with winning quotient with other four teams (TNT, Rain or Shine, NLEX and Magnolia) with 6–5.

After a Chris Newsome clutch basket in Game 6 and a June Mar Fajardo missed three-point shot, they won the finals series in 4–2, and grabbed their first championship in franchise history.