ANNUAL REPORT
2006
CORPORATE HIGHLIGHTS
PERFORMANCE HIGHLIGHTS OF RAO "UES OF RUSSIA"
S
TATEMENT BY BOARD CHAIRMAN AND MANAGEMENT BOARD CHAIRMAN OF RAO "UES OF RUSSIA"
ABOUT THE COMPANY
CAPITAL OF OAO RAO "UES OF RUSSIA"
CORPORATE GOVERNANCE SYSTEM
Shareholders Meeting
Board of Directors
Management Board
Governance System
REFORMING THE COMPANY
Results of the Structural Reform
Liberalization of the Electricity Markets
First Phase of the Company's Reorganization
Reform Plans
REGULATORY ENVIRONMENT AND MACROECONOMIC INDICATORS
Power Consumption Trends
Factors Affecting Pricing in Electricity Industry
Electricity and Heat Tariffs
ENSURING RELIABLE OPERATION OF THE UES OF RUSSIA
Operation of the UES of Russia
Technical Policy
INVESTMENT PHASE OF THE UES DEVELOPMENT
Investment Needs of the UES of Russia
Sources of Investment
ELECTRICITY AND HEAT MARKETS
Wholesale Electricity Market
Retail Electricity Markets
Heat Market
PRODUCTION RESULTS
Generation
Electricity Transmission and Distribution
Electricity Sales
INVESTMENT ACTIVITIES
COMPANY'S FINANCE
Financial Management and Financial Market Operations
Company's Financial Performance
Auditor's Report
Statutory Financial Statements of the Company
Opinion Statement of the Auditing Commission
INTERNATIONAL ACTIVITIES
International Cooperation of RAO "UES of Russia"
Foreign Assets and Projects
Electricity Exports and Imports
CORPORATE SOCIAL RESPONSIBILITY
APPENDIX
Corporate Governance Code Compliance Report
Information on Members of the Board of Directors, Management Board, Committees and Commissions under the Board of Directors of RAO "UES of Russia"
Information on Stakes and Voting Shares Held by OAO RAO "UES of Russia", Membership in Not-for-Profit Organizations
RAO "UES of Russia" Subsidiaries with Shares Traded on Stock Markets
Report on Financing of OAO RAO "UES of Russia" Investment Programme Projects
nformation on Transactions Made by OAO RAO "UES of Russia"
Company Bylaws
Major Corporate Events
Glossary
Contact Information
