The Annual Report
2005
   
  1. PERFORMANCE HIGHLIGHTS OF RAO "UES OF RUSSIA" HOLDING COMPANY AND PARENT COMPANY
2. STATEMENT BY BOARD CHAIRMAN AND MANAGEMENT BOARD CHAIRMAN OF RAO "UES OF RUSSIA"
3. ABOUT THE COMPANY
4. CAPITAL OF OAO RAO "UES OF RUSSIA"
   
  5. CORPORATE GOVERNANCE
  5.1. Board of Directors
  5.2. Management Board
  5.3. Governance System
    5.3.1. Governance Structure and Policies
    5.3.2. Property Management
    5.3.3. Human Resource Management
    5.3.4. Key Performance Indicators and Business Planning
    5.3.5. Dividend Policy
   
 

6. REFORMING THE COMPANY
  6.1. Implementation of Reform Plans
  6.2. Development of Market Relations in the Electricity Industry
  6.3. Establishment and Evolution of Generation Companies
    6.3.1. Thermal WGCs
    6.3.2. HydroWGC
    6.3.3. Territorial Generation Companies
6.4. Consolidation of Transmission Assets
6.5. Restructuring of Distribution Assets
6.6. Consolidation of the Dispatching System
6.7. Restructuring of the Energy Retailing Business
6.8. Restructuring of Repair & Maintenance and Services Businesses
6.9. Restructuring Plans for the Future
   
  7. ENSURING RELIABLE WORK OF THE UES OF RUSSIA
  7.1. Operation of the UES of Russia
  7.2. Technical Policy
  7.3. Reliability Improvement Programme
  7.4. Investment Prospects
   
  8. PRODUCTION PERFORMANCE
  8.1. Generation
  8.2. Fuel Supply
   
  9. ELECTRICITY AND HEAT MARKETS
  9.1. Electricity and Heat Tariffs
  9.2. Wholesale Market
  9.3. Energy Retail Market and Retail Operations
  9.4. Foreign Markets
   
  10. RESULTS OF INVESTMENT ACTIVITIES
   
  11. INTERNATIONAL ACTIVITIES
12. CORPORATE SOCIAL RESPONSIBILITY
   
  13. COMPANY'S FINANCE
  13.1. Financial Market Operations
  13.2. Company's Financial Performance
  13.3. Copy of the Auditor's Report
  13.4. Financial Statements of the Company for 2005
    13.4.1. Balance Sheet of the Company
    13.4.2. Income Statement of the Company
  13.5. RAO UES Group Financial Results
   
  APPENDIXES.
1. Major Corporate Events in 2005
2. Market for Shares of OAO RAO "UES of Russia"
3. RAO UES Subsidiaries with Shares Floated on Stock Markets
4. Information on Stakes and Voting Shares Held by OAO RAO "UES of Russia" in Other Companies
5. Information on Interregional Generation Companies
6. List of Non-profit Organizations with RAO "UES of Russia" Membership
7. Management Board of RAO "UES of Russia"
8. Information on Meetings of the Board of Directors of RAO "UES of Russia" held in 2005
9. Report on Financing of OAO RAO “UES of Russia” Investment Programme Projects, 2005 (millions of RUB)
10. Information on Interested Party Transactions Approved by the Board of Directors of RAO "UES of Russia" in 2005
11. List of Sites for Priority Generation Projects Scheduled to Go On Line in the UES of Russia
12. Glossary
13. Contact Info