APPENDIXES

Appendix

1


MAJOR CORPORATE EVENTS IN 2005

    
1 January State registration is granted to 26 new energy companies spun off, according to the basic restructuring plan, from the following regional energos: OAO "Volgogradenergo", OAO "Karelenergo", OAO "Kostromaenergo", OAO "Marienergo", OAO "Udmurtenergo", OAO "Chuvashenergo", OAO "Vladimirenergo", OAO "Ivenergo", and OAO "Penzaenergo".
11 January State registration is granted to 22 new energy companies spun off according to the basic restructuring plan, from the following regional energos: OAO "Astrakhanenergo", OAO "Lipetskenergo", OAO "Rostovenergo", OAO "Ryazanenergo", OAO "Tambovenergo", OAO "Tverenergo", and OAO "Yarenergo".
13 January In Dushanbe, Management Board Chairman of RAO "UES of Russia" Anatoly Chubais, Energy Minster of the Republic of Tajikistan Jurabek Nurmakhmatov, and Energy Minister of the Islamic Republic of Iran Habibollah Bitaraf sign a Tripartite Protocol for the completion of construction and operation of the Sangtuda HPP-1 and Sangtuda HPP-2 in the Republic of Tajikistan. Under the Protocol, the construction of Sangtuda HPP-1 is to be fully completed by Russia and Tajikistan.
14 January State registration is granted to OAO "Ivanovo Management Energy Company" spun off from OAO "Ivenergo" as a result of restructuring in accordance with the basic plan.
15 January State registration is granted to OAO "Vladimir Energy Company" spun off from OAO "Vladimirenergo" as a result of restructuring in accordance with the basic plan.
28 January The Board of Directors of RAO "UES of Russia" approves the Revised Methodology for Calculating the Company's Dividends incorporating amendments on the procedure to be used to calculate dividends on ordinary shares.
31 January State registration is granted to OAO "Chelyabinsk Generation Company", OAO "Chelyabinsk Management Energy Company", OAO "Chelyabenergosbyt", and OAO "Yuzhnouralskaya TPP", the companies spun off from OAO "Chelyabenergo" reorganized according to the basic plan.
31 January OAO RAO "UES of Russia" and the US-based General Electric International Inc. sign a Memorandum of Understanding. The document is intended to enhance cooperation in the field of heat and hydro generation, power engineering, investments and renewable electricity generation.
1 February State registration is granted to 13 new energy companies spun off, according to the basic restructuring plan, from the following regional energos: OAO "Kurskenergo", OAO "Mordovenergo", OAO "Nizhnovenergo", and OAO "Smolenskenergo".
1 February OAO "Territorial Generation Company 14" (OAO "TGC-14") starts operations.
24 February A project is launched in the Ivanovo Region to modernize the Ivanovskaya TPP. Under the project, two PGU-325 MW combined-cycle turbines are planned to be installed at the power plant.
25 February The Board of Directors of RAO "UES of Russia" unanimously approves the establishment of OAO "TGC-2", OAO "TGC-4", and OAO "TGC-6" as the Company's wholly owned subsidiaries. The TGCs are expected to operate under lease arrangements.
25 February The Board of Directors of RAO "UES of Russia" approves the basic restructuring plan for OAO "Kurganenergo" and the restructuring plan for OAO "Kalmenergo".
28 February State registration is granted to OAO "Urals and Volga Interregional Distribution Company" (OAO "Urals and Volga IDC").
4 March State registration is granted to OAO "Fourth Generation Company of the Wholesale Electricity Market" (OAO "WGC-4").
9 March State registration is granted to OAO "Second Generation Company of the Wholesale Electricity Market" (OAO "WGC-2").
16 March RAO "UES of Russia" is named winner of All-Russia Awards "Best State Customer 2004" in the category "Best Customer among Natural Monopolies".
17 March State registration is granted to OAO "Sixth Generation Company of the Wholesale Electricity Market" (OAO "WGC-6").
22 March State registration is granted to OAO "Territorial Generation Company 5" (OAO "TGC-5").
22 March State registration is granted to OAO "Territorial Generation Company 8" (OAO "TGC-8").
23 March State registration is granted to OAO "First Generation Company of the Wholesale Electricity Market" (OAO "WGC-1").
25 March The Board of Directors of OAO RAO "UES of Russia" resolves to create the Personnel and Remunerations Committee.
25 March The Board of Directors of OAO RAO "UES of Russia" approves the restructuring plan for OAO "Kamchatskenergo" using a scenario different from the basic one.
25 March The Board of Directors of RAO "UES of Russia" approves the turnaround and restructuring plan for OAO "Ingushenergo", OAO "Kabbalkenergo", OAO "Karachaevo-Cherkesskenergo", OAO "Sevkavkazenergo", which are run by OAO "Caucasus Energy Management Company" (OAO "CEMC").
25 March State registration is granted to OAO "Territorial Generation Company 1" (OAO "TGC-1").
30 March State registration is granted to OAO "Territorial Generation Company 10" (OAO "TGC-10").
31 March State registration is granted to six new energy companies spun off, according to the basic restructuring plan, from OAO "Tomskenergo".
1 April State registration is granted to 44 new energy companies spun off from OAO "Belgorodenergo", OAO "Mosenergo", OAO "Novgorodenergo", OAO "Stavropolenergo", OAO "Arkhenergo", OAO "Nizhnovenergo", OAO "Oryolenergo", OAO "Permenergo", OAO "Sverdlovenergo", and OAO "Tulenergo".
1 April OAO "Territorial Generation Company 9" (OAO "TGC-9") starts operations.
11 April The Management Board of RAO "UES of Russia" approves the Concept Paper for the Company's Technical Policy for implementation of investment projects to build new or modernize and upgrade the existing energy facilities of the Holding Company.
15 April OAO RAO "UES of Russia" starts construction of Sangtuda HPP-1 in the Republic of Tajikistan.
19 April Boris Ayuyev, member of the Management Board of RAO "UES of Russia" and Chairman of the Management Board of OAO "UES SO-CDA", and Martin Fuchs, President of UCTE and President of E.ON Netz, sign in Brussels, Belgium, an Agreement on Cooperation in the Preparation of a Feasibility Study on Synchronous Interconnection of the Energy Systems in the Western, Central, and Southern Europe with the UES of Russia and the energy systems of the CIS and Baltic states, which operate in parallel with the CIS/Baltics' energy systems.
19 April State registration is granted to OAO "Territorial Generation Company 2" (OAO "TGC-2").
20 April State registration is granted to OAO "Territorial Generation Company 4" (OAO "TGC-4").
26 April The Board of Directors of RAO "UES of Russia" makes changes to the restructuring plan for OAO "Krasnoyarskenergo" as approved 3 September 2004.
27 April State registration is granted to OAO "Territorial Generation Company 6" (OAO "TGC-6").
1 May A transitional wholesale electricity (capacity) market is launched in Siberia.
1 May State registration is granted to three new energy companies spun off from OAO "Kirovenergo": OAO "Vyatskaya Electricity and Heat Company", OAO "Kirovenergosbyt", and OAO "Kirovenergo Management Company".
3 May State registration is granted to OAO "Dagestan Heat Generation Company" and OAO "Dagenergo Management Company" spun off from OAO "Dagenergo".
25 May A major blackout occurs in the Moscow's power grid which leads to power outage in part of the city and some neighbouring regions. Power to socially important facilities is restored by 18:00 hours on the same day. By 16-00 hours on 26 May, power is fully restored to all customers.
26 May The CIS Electrical Energy Council, presided by Anatoly Chubais, holds its 27th Session in Moscow, Russia.
27 May The Board of Directors of RAO "UES of Russia" approves the basic restructuring plan for OAO "Komienergo".
1 June RAO "UES of Russia" becomes a full member of e7, the international non-profit organization (Forum) comprised of the nine leading electricity companies from the G8 countries.
8 June A project is launched to build Power Unit No. 2 with an installed capacity of 450 MW at the Severo-Zapadnaya CHPP.
14 June State registration is granted to OAO "Norilsk-Taymyr Energy Company" (OAO "NTEC"). OAO "NTEC" is set up as an operating company which leases energy assets from OAO "MMC Norilsk Nickel" and OAO "Taymyrenergo".
24 June The Board of Directors of RAO "UES of Russia" hears and notes the report on the investigation by the Company's Task Force into the causes of the major blackout in the Moscow energy system's grid on 25-26 May 2005, and unanimously approves the guidelines for action plan to increase reliability of the UES of Russia.
24 June The Board of Directors of RAO "UES of Russia" approves the basic restructuring plan for OAO "Kuzbassenergo".
28 June OAO "Orenburgenergo" and OAO "Khabarovskenergo" sign an agreement with the Danish Environmental Protection Agency (DEPA) to sell, via the Kyoto Protocol mechanism, the "emissions reductions units" generated by the modernization projects at the power plants in the Khabarovsk Kray and Orenburg Region.
29 June The AGM of OAO RAO "UES of Russia" is held in Zelenograd. Shareholders approve the Company's Annual Report, decide on dividend payment, and elect the Board of Directors, the Auditing Commission, and the Company Auditors.
30 June State registration is granted to OAO "Territorial Generation Company 13" (OAO "TGC-13").
1 July The Board of Directors of RAO "UES of Russia" approves the winding up of 34 management companies previously spun off from the regional energos.
1 July State registration is granted to 15 new energy companies spun off, according to the basic restructuring plan, from the following regional energos: OAO "Dagenergo", OAO "Orenburgenergo", OAO "Tyumenenergo", and OAO "Khakasenergo".
1 July RAO UES Management Board Chairman Anatoly Chubais and China's State Power Grid Corp. General Manager Liu Zhenya sign an Agreement on Long-Term Cooperation between RAO "UES of Russia" and China's State Power Grid Corp. The ceremony to sign the Agreement is held in Kremlin in the presence of Russian President Vladimir Putin and China's Chairman Hu Jintao.
1 July OAO "Territorial Generation Company 5" (OAO "TGC-5") and OAO "Territorial Generation Company 8" (OAO "TGC-8") start operations.
4 July State registration is granted to OAO "Siberia Interregional Distribution Company" (OAO "Siberia IDC"). The process to register all the IDCs is completed:
6 July Kazakhstan's Minister of Energy and Mineral Resources Vladimir Shkolnik and Andrey Rappoport, member of the Management Board of OAO RAO "UES of Russia" sign in Astana a Protocol on the creation of a Russia-Kazakhstan Joint Venture on the basis of OAO "Station Ekibastuzskaya TPP-2".
9 July RAO "UES of Russia" and RUSAL sign a Memorandum of Intent on implementing a joint business project to complete the construction of the Boguchanskaya HPP and build a new aluminium smelter.
27 July State registration is granted to six new energy companies spun off, according to the basic restructuring plan, from OAO "Kamchatskenergo".
29 July The Board of Directors of RAO "UES of Russia" makes amendments to the restructuring plan for OAO "Kubanenergo" approved 31 October 2003.
1 August State registration is granted to OAO "Volzhskaya Territorial Generation Company" ("OAO "TGC-7").
3 August State registration is granted to the companies spun off, according to the basic restructuring plan, from OAO "Omskenergo": OAO "Omsk Electricity Generation Company", OAO "Omsk Management Energy Company", and OAO "Omsk Energy Retail Company".
8 August First shares of the energy companies established in the course of regional energos' restructuring are floated on the stock market. ZAO "MICEX Stock Exchange" includes the shares of OAO "Lipetsk Generation Company", OAO "Tambov Energy Retail Company", and OAO "Tambov Generation Company" in its List of non-listed securities.
26 August State registration is granted to OAO "Territorial Generation Company 11" (OAO "TGC-11").
29 August The Management Board of OAO RAO "UES of Russia" approves the Programme of Actions to Improve Reliability of the UES of Russia prepared pursuant to the Board resolution of 24 June 2005.
1 September State registration is granted to 29 transmission (trunk grid) companies spun off, according to the basic restructuring plan, from the following regional energos: OAO "Arkhenergo", OAO "Astrakhanenergo", OAO "Bryanskenergo", OAO "Chelyabenergo", OAO "Chuvashenergo", OAO "Dagenergo", OAO "Ivenergo", OAO "Karelenergo", OAO "Kirovenergo", OAO "Kostromaenergo", OAO "Kurskenergo", OAO "Lipetskenergo", OAO "Marienergo", OAO "Mordovenergo", OAO "Nizhnovenergo", OAO "Omskenergo", OAO "Penzaenergo", OAO "Rostovenergo", OAO "Ryazanenergo", OAO "Smolenskenergo", OAO "Tambovenergo", OAO "Tverenergo", OAO "Tulenergo", OAO "Tyumenenergo", OAO "Udmurtenergo", OAO "Vladimirenergo", OAO "Volgogradenergo", OAO "Voronezhenergo", OAO "Yarenergo".
2 September The Board of Directors of RAO "UES of Russia" adopts the plan to restructure the energy systems in the Russian Far East according to a scenario different from the basic one, and approves the package of measures to implement the plan.
14 September Shares of the first company on the wholesale electricity market are floated on the stock market: ZAO "MICEX SE" includes the ordinary shares of OAO "Fifth Generation Company of the Wholesale Electricity Market" (OAO "WGC-5") in its List of non-listed securities.
19 September As a measure to increase capitalization of OAO "WGC-5" and expand the pool of the company's potential investors, WGC-5 and Deutsche Bank launched an unsponsored GDR program for OAO "WGC-5" on the major European securities markets, The London Stock Exchange (LSE) and Deutsche Boerse in Frankfurt.
1 October OAO "Territorial Generation Company 1" (OAO "TGC-1") starts operations.
1 October State registration is granted to 16 new energy companies spun off, according to the basic restructuring plan, from the following regional energos: OAO "Vologdaenergo", OAO "Kolenergo", OAO "Krasnoyarskenergo", and "Smolenskenergo".
1 October State registration is granted to the transmission (trunk grid) companies spun off from OAO "Oryolenergo" and OAO "Orenburgenergo".
1 October OAO "Norilsk-Taymyr Energy Company" (OAO "NTEC") starts operations.
3 October State registration is granted to the transmission (trunk grid) companies spun off from the previously unbundled regional energos: OAO "Permenergo" and OAO "Sverdlovenergo".
3 October State registration is granted to OAO "Moscow Management Energy Company" (OAO "MMEC").
4 October The Board of Directors of RAO "UES of Russia" unanimously approves the purchase of a 22.43% stake in OAO "Power Machines".
6 October The Russian Government broadly approves the Investment Programme 2006 of OAO RAO "UES of Russia".
7 October Deputy Chairman of the Management Board of RAO "UES of Russia" Yakov Urinson becomes Chairman of the Board of Directors of OAO "Russian Communal Systems".
18 October State registration is granted to OAO "Severo-Ossetinskaya Hydrogeneration Company"
20 October The balancing market of the wholesale electricity market is launched in Russia pursuant to Resolution of the Russian Government No. 620 of 17 October 2005.
20 October In the annual "Russia's Leading Managers" rating conducted by the Institutional Investor Magazine, a leading international business publication, Chairman of the Management Board of RAO "UES of Russia" Anatoly Chubais is named, for the second consecutive year, Russia's Top Business Leader in electricity industry.
21 October OAO RAO "UES of Russia" fully and timely pays the interest and redeems RUB3 billion of its Series 2 interest-bearing bonds.
28 October State registration is granted to OAO "Kalmenergosbyt".
28 October The first power unit with an installed capacity of 450 MW is brought on line at the Kaliningradskaya CHPP-2.
3 November State registration is granted to OAO "Karachaevo-Cherkessk Hydrogeneration Company".
6 November Hydrogeneration unit No. 4 of 335 MW is put into commercial operation at the Bureyskaya HPP. The Ststion’s installed capacity reaches 1,005 MW.
11 November OAO RAO "UES of Russia" tops the Expert-400 ranking compiled by Expert RA Rating Agency in the category "Leader of National Economy".
14 November State registration is grated to OAO "Kabardino-Balkaria Hydrogeneration Company".
25 November The Board of Directors of RAO "UES of Russia" notes the progress report on the implementation of the electricity reform in the Russian Federation. The Board members review the results of the reform efforts over the period since the Board considered the issue on 29 October 2004.
7 December OAO RAO "UES of Russia" purchases, pursuant to the Board resolution of 4 October 2005, a 22.43% stake in OAO "Power Machines".
23 December The Board of Directors of RAO "UES of Russia" approves the sale of its 100% stake in OAO "Taymyrenergo" in an auction.
30 December State registration is granted to seven new energy companies spun off, according to the basic restructuring plan, from the following regional energos: OAO "Chitaenergo" and OAO "Buryatenergo".
 

 


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