THE ANNUAL REPORT RAO "UES OF RUSSIA" 2007
CONTENTS
2007 CORPORATE MILESTONES
OPERATIONAL HIGHLIGHTS OF RAO "UES OF RUSSIA"
STATEMENT BY BOARD OF DIRECTORS CHAIRMAN OF RAO "UES OF RUSSIA"
STATEMENT BY MANAGEMENT BOARD CHAIRMAN OF RAO "UES OF RUSSIA"
COMPANY PROFILE. HISTORY OF THE REFORM
TEN YEARS OF THE REFORM: KEY EVENTS, HIGHLIGHTS, COMMENTS
SHARE CAPITAL OF OAO "RAO "UES OF RUSSIA"
Reformers: Board of Directors of RAO "UES of Russia"
CORPORATE GOVERNANCE SYSTEM
Shareholders Meeting
Board of Directors
Management Board
Governance System
Business Planning and Cost Control
Dividend Policy
REFORMING THE COMPANY
Goals, Objectives and Stages of the Reform
Formation of the Target Structure of the Sector
OAO RAO "UES of Russia" Reorganization
Development of the Electricity Markets
Index maps of TGS areas and location of WGC power plants and of FEIDS areas
Reformers: Management Board of RAO "UES of Russia"
REGULATORY ENVIRONMENT AND MACROECONOMIC INDICATORS
Balance of Electricity Generation and Consumption
Factors Affecting Pricing in Electricity Industry
Electricity Tariffs
OPERATIONAL RESULTS OF ELECTRICITY MARKETS
Wholesale Electricity Market
Retail Electricity Markets
OPERATION OF THE UES OF RUSSIA
INVESTMENT ACTIVITIES
Investment Programme
Sources of Investment
Results of Investment Activities
Reformers: Heads of RAO "UES of Russia" departments
OPERATIONAL RESULTS
Generation
Electricity Transmission and Distribution
FINANCIAL RESULTS
Company's Financial Results
Auditor's Report
Statutory Financial Statements of the Company
Demerger Balance Sheet of OAO RAO "UES of Russia"
Statement of Opinion of the Auditing Commission
Reformers: Energy specialists, managers, ideologists
INTERNATIONAL ACTIVITIES
International Cooperation
Foreign Assets and Projects
Electricity Exports and Imports
ENVIRONMENTAL POLICY. CORPORATE SOCIAL RESPONSIBILITY
Environmental Policy
Corporate Social Responsibility
APPENDIX
RAO UES Corporate Governance Code Compliance Report for 2007
Information on Members of the Board of Directors and Management Board of RAO "UES of Russia"
Information on Stakes and Voting Shares Held by OAO RAO "UES of Russia"
RAO "UES OF RUSSIA" subsidiaries with shares traded on stock markets
Report on Financing of RAO "UES of Russia" Investment Programme Projects
Information on transactions made by OAO RAO "UES OF RUSSIA" in 2007
Company's Bylaws
Major Corporate Events in 2007
Glossary
List of sberbank branches acting as re-registration agents for shares of RAO "UES OF RUSSIA"
Contact Information
THE ANNUAL REPORT RAO "UES OF RUSSIA" 2007