Unified Energy System of Russia was established in 1992 pursuant to Decrees of the
President of the Russian Federation of August 15, 1992 No. 923 and November 5, 1992 No. 1334. The property of thermal and hydraulic power
plants, trunk transmission lines with substations and other power facilities as well as
blocks of shares in energy companies, research and engineering companies and construction
entities of the industry were transferred to the authorized capital of the Company.
RAO UES of Russia was registered with the Moscow Registration Chamber on December 31,
1992, certificate No. 020.863. In 2002, in accordance with the requirements of laws, it
was registered with the Moscow Division of the Ministry of Taxation of the Russian
Federation on July 19, 2002. EGRN (Uniform State Register of Taxpayers): 1027700043293. By
Decree of the President No. 1009 of August 4, 2004 RAO UES of Russia was included in the
List of Strategic Enterprises and Strategic Joint-Stock Companies (entry 407).
The Company operates for the purposes of ensuring reliable functioning and development
of the Unified Power System of Russia, uninterruptible power supply to customers,
increasing shareholder income, pursuing unified investment, research and engineering
policy, introducing new advanced technologies and as otherwise defined in the Charter of
the Company.
As of 31 December 2006, the state owned 52.68 percent of shares in RAO UES of Russia
which account for 54.99 percent of issued ordinary shares. 45% of issued shares are traded
on the stock market of the Russian Federation.
The Issuer’s ordinary shares are included in À-1 quotation lists of Not-for-profit
partnership "Russian Trading System "Stock Exchange", "Open Joint
Stock Company "Russian Trading System "Stock Exchange" and Closed Joint
Stock Company "Moscow Interbank Currency Exchange". Preference shares are
included in À-1 quotation list of Closed Joint Stock Company "Moscow Interbank
Currency Exchange" and À-2 quotation list of Not-for-profit partnership
"Russian Trading System "Stock Exchange". The issuer’s shares are the
most liquid securities on the Russian stock market.
Electricity industry in general and the Issuer in particular are currently undergoing a
restructuring aimed at creating a competitive electricity market and environment in which
the Issuer and its successors will be able to raise funds necessary for maintaining and
expanding generating capacities.
Today, the Holding Company entities provide 70% of electricity generation and around
one-third of heat delivery in Russia, control 72% of generating capacities and 96% of the
total length of Russia’s trunk transmission lines. The Holding Company enterprises
employ over 400 thousand people.
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