As of May 30, 2008. 41 projects (including Yaroslavl Sales Company) for the sale of shares in energy sales companies of RAO "UES of Russia" have been implemented; around 32 190 mln rubles were attracted.
May 4, 2008. Russian Federation Government Decree ¹ 607-r on the approval of the plan of events for 2008-2010 for the implementation of Federal Law ¹ 250-FZ "On the Introduction of Amendments to Certain Legislative Acts of the Russian Federation in connection to Accomplishment of Measures for the Reforming of the Unified Energy System of Russia" dated November 4, 2007 accepted. The Plan contains a list of events that must be carried out by the Russian Federation Government and federal executive bodies in order to implement the provisions of said law and complete the restructuring of the electric power industry of Russia.
May 1, 2008. Reorganization of ZAO "INTER RAO UES", North-West CHPP and Ivanovskie CCGTs completed by means of a merger into OAO "INTER RAO UES" (the renamed Sochinskaya TPP).As a result of the merger the said companies received the status of OAO "INTER RAO UES" affiliates and ceased to be independent joint-stock companies.
April 24, 2008. Public auctions held for the sale of shares in energy sales companies – Samaraenergo and Ulyanovskenergo, previously owned by RAO "UES of Russia". The winning bidder for the sale of 55.4% shares in Samaraenergo was Financial Broker "Troika Dialog", which offered a price of 2.035 billion rubles. The winning bidder of the sale of 49% shares in Ulyanovskenergo was Investment Company "MSK Securities", which offered 120 mln rubles for said shareholding.
April 24, 2008. The RAO "UES of Russia" Tendering Committee set the price for the sale of TGC-4* shares owned by RAO "UES of Russia" and appertaining to the government stake. The best price offer was determined to be that of ONEKSIM Holdings Limited at 0.0270 rubles per common share. As a result of the sale of the "government stake" RAO "UES of Russia" shall attract around 12 mln rubles.
March 31 – April 1, 2008. Consolidation completed of interregional distribution grid companies – North-West IDGC, Volga IDGC, Siberia IDGC, Southern IDGC and North Caucasia IDGC. Distribution grid companies (DGCs) that are part of their configuration have been merged into them.
March 27, 2008. Public auction held for the sale of a 93.15% shareholding in CCB "Energoremont". The winning bidder of the auction for the sale of the 93.15% shareholding in CCB "Energoremont" was determined to be OOO "Territory", which offered 1.050 bln rubles at the auction.
March 17, 2008. The transaction for the sale of 49% shares in Kolenergosbyt has been completed through the "ISTRA" information and trading system. The value of the transaction equaled 450 mln rubles. The buyer was the company "ElTekh".
March 17, 2008. FGC UES completed the placement of the second additional issue of shares. The issue was registered on August 23, 2007. Effectively, 114 965 254 235 shares par value 50 kopeks were placed which is equal to 95.8% of the total amount of securities that were to be placed. The placing price amounted to 59 kopecks. Shares were placed through private subscription in favour of RAO "UES of Russia" and the Russian Federation.
March 14, 2008. The extraordinary general meeting of shareholders of Kurgan Trunk Grids on the issue of the reorganization by means of a merger into FGC UES approved this course of action, as well as transfer acts and the multilateral agreement on the merger, concluded between FGC UES and merged companies.
March 14, 2008. Yeniseyskaya TGC (TGC-13) announced the price range for the placement of additional common shares. The company shall offer up to 30 204 428 000 additional shares for placement which is up to 18.95% of the authorized capital after placement. The indicative price range was determined to be between 0.19 rubles and 0.23 rubles per share. Based on the indicative price range it is expected that the company's capitalization immediately after the placement shall approximately total from 1278 mln USD to 1544 mln USD.
March 14, 2008. The RAO "UES of Russia" Tendering Committee summed up the results of the call for bids for the acquisition of a 33.47 % shareholding in TGC-2, owned by RAO "UES of Russia" and appertaining to the government stake. The company "Kores Invest" offered 9.3 bln rubles ($392,9 mln) for the 33.47% shareholding up for sale, or 0.025 rubles ($0,001055) per common share.
The RAO "UES of Russia" Tendering Committee determined the buyer of 439 217 262 097 common shares owned by RAO "UES of Russia", amounting to around 34.06% of the authorized capital of TGC-6 before its expected increase and appertaining to the government stake. The largest price bid was contained in the IES Holding offer, which was set forth in collaboration with New Russian Generation as a minority partner. The price offered by the company equaled $0.00106, or 0.025 rubles per share. As a result of the sale of shares from the "government stake" RAO "UES of Russia" shall attract 10.98 bln rubles, or over $463 mln. in addition it is expected that as a result of the placement of additional shares TGC-6 shall also attract around 14.25 bln rubles.
March 5, 2008. Open auctions were held for the sale of shares in Smolenskenergosbyt, Kursk Energy Sales Company, Ryazan Energy Sales Company, Chuvashi Energy Sales Company, Mordovia Sales Company, Chita Energy Sales Company.
The transaction for the sale of a 48.66% shareholding in Astrakhan Energy Sales Company has also been completed through the "ISTRA" information and trading system/ the value of the transaction amounted to 350 mln rubles. The buyer was the company "Khimpromtorg".
March 3, 2008. Formation of the Centre and Privolzhye IDGC as unified operational company completed. All DGCs that are part of its' configuration have been merged into it.
February 29, 2008. The RAO "UES of Russia" Board of Directors approved the project for the restructuring of Yantarenergo.
February 29, 2008. The Board of Directors approved the transaction for the acquisition of 1 629 574 099 own shares by SO UES from RAO "UES of Russia" with the aim of their redemption. The price of the transaction, determined on the basis of the report of an independent appraiser – ZAO "Russkaya Otsenka" and approved by the Appraisal Committee of the RAO "UES of Russia" Board of Directors, has been set at a level of 6 062 015 648.28 rubles for the complete 70% shareholding in SO UES, currently owned by RAO "UES of Russia". The selling price of one share shall equal 3.72 rubles.
February 28, 2008. The procedure of collecting bids for the acquisition of a 55.29% shareholding in TGC-10* owned by RAO "UES of Russia" and appertaining to the government stake has been completed. The best price offer of $4.62, or 111.8 rubles per share came from the energy corporation Fortum. As a result of the sale of shares from the "government stake" RAO "UES of Russia" shall attract 28.6 bln. Rubles, or over $1 180 mln in private investments.
February 28, 2008. The open auction for the sale of a RAO "UES of Russia"-owned 14.17% shareholding in Novosibirskenergo was held. The winner was ZAO "Renaissance Capital", which offered the highest price of 3.4 bln rubles.
February 22, 2008. Russian Federation Government Decree ¹ 215-r on the approval of the General Scheme of Electric Power Industry Objects Placement up to 2020 accepted. The General Scheme represents a plan of placement of power plants and power grid facilities up to 2020, drawn up based on forecasts of electric power consumption in the Russian federation and its' regions.
February 11, 2008. Sale of 49% oà shares in Kostroma Energy Sales Company conducted. The price of the transaction amounted to 150 million rubles. The buyer was the company OOO "TK Altair".
February 11, 2008. Trading in common shares of HydroWGC, which were included in the unlisted securities section, started on the MICEX and RTS stock exchanges.
February 4, 2008. Russian Federation Government Decree ¹ 106-r on the alienation of shares, owned by Russian Open Joint-Stock Company for Energy and Electrification "Unified Energy System of Russia", accepted.
January 30, 2008. Russian Federation Government Decree ¹ 77-r on the sale of Russian Open Joint-Stock Company for Energy and Electrification "Unified Energy System of Russia"- owned shares in Bashkirenergo, Novosibirskenergo, Samaraenergo, Saratovenergo and Ulyanovskenergo accepted.
January 30, 2008. Russian Federation Government Decree ¹78-r on the transfer of shares in Open Joint-Stock Company "All-Russian, Twice Rewarded by the Red Banner of Labour Heat Engineering Scientific Research Institute" as a membership fee to the Not-for-Profit Partnership "Market Council" accepted.
January 25, 2008. Extraordinary general meetings of shareholders of Astrakhan Trunk Grids and Volgograd Trunk Grids on the issue of the reorganization by means of a merger into FGC UES approved this course of action, as well as transfer acts and the multilateral agreement on the merger, concluded between FGC UES and merged companies.
January 21, 2008. Russian Federation Government Decree ¹ 39-r on the introduction of amendments to Russian Federation Government Decree ¹ 1252-r of 01.09.2003 accepted. The decree introduces the director of a department of the Ministry for Economic Development D.A. Askinadze to the supervisory board of NP "ATS" in place of K.G. Androsov.
January 18, 2008. An open auction for the sale of 49% of Novgorod Energy Sales Company shares owned by RAO "UES of Russia" was held. The winning bidder was OAO IB "KIT-Finance", who offered the highest price of 124.3 million rubles. The price offering that resulted from the auction exceeded the starting price by 4.3 million rubles.
January 11, 2008. the EGM of Mosenergo Shareholders adopted the decision to merge with the Mosenergo Holding Company that is being spun-off from RAO "UES of Russia" as part of the second final reorganization. Thus, all corporate decisions necessary to complete the process of the second reorganization of RAO "UES of Russia" have been made.
January 9, 2008. the first stage of HydroWGC consolidation was completed with entries having been made to the Uniform State register of Legal Entities on the cessation of activities of 20 entities that were merged into HydroWGC.
January 9, 2008. RAO "UES of Russia" completed the repurchase of shares submitted by shareholders, who voted against the Company's reorganization at the EGM on October 26, 2007 or did not take part in the voting process.
December 29, 2007. RAO "UES of Russia" completed the transaction for the sale of a shareholding of 33,94in TGC-9, owned by the energy Holding Company and appertaining to the government stake. As a result RAO "UES of Russia" participation in the authorized capital of TGC-9 decreased from 50.05% to 16.11%.
December 27, 2007. Formation of three "pilot" Interregional Distribution Grid Companies started. Shareholders if distribution grid companies included in the configuration of Centre and Privolzhye IDGC, North-West IDGC and Siberia IDGC supported the reorganization of the companies by means of their mergers with corresponding IDGCs. The RAO "UES of Russia" Management Board whilst exercising the functions of IDGC shareholders meetings adopted the corresponding decisions on IDGC formation by means of a merger of DGCs into them. The controlling stake in the companies that are being formed shall remain the property of RAO "UES of Russia".
December 20, 2007. TGC-10 target structure formation was completed with Kurgan GC being included in the TGC-10 Holding Company. Thus, target structure formation of all heat generation companies that are part of the RAO "UES of Russia" Holding Company has been completed. Shares in all heat generation companies have been admitted to trading on the stock market.
November 1, 2007. TGC-11 target structure formation completed.
October 26, 2007. Approval of the final reorganization of RAO "UES of Russia" by the Extraordinary General Meeting of Shareholders of the Company.
October 3, 2007. Signature of the Federal Law On Amending Article 4 of the Federal Law "On Specific Features of Functioning of the Electric Power Industry During the Transition Period and on the Introduction of Amendments into Certain Legislative Acts of the Russian Federation and on Recognizing Certain Legislative Acts of the Russian Federation to Have Lost Their Force in Connection with Adoption of the Federal Law 'On the Electric Power Industry".
September 18-19, 2007. Auctions for the sale of energy sales companies of "second priority" conducted.
September 15, 2007. Placing price of WGC-4 and TGC-1 shares and selling price of "government stake" WGC-4 shares determined.
September 10, 2007. European roadshow on the reorganization and the placement of generation company shares.
September 5-12, 2007. The State Duma started reviewing amendments to Federal Laws (FZ) ¹35, ¹36, ¹41.
September 6, 2007. Sale of "government stake" WGC-3 shares completed.
September 3, 2007. First stage of the reorganization of RAO "UES of Russia" completed.
August 23, 2007. Shareholder register for the participation in the EGM on the reorganization issue closed.
June 28-29, 2007. State registration of 3 new IDGCs: Volga IDGC, Southern IDGC and Centre and Privolzhye IDGC.
June 26, 2007. Annual Meeting of Shareholders of RAO "UES of Russia" approved the transaction for the acquisition of 86 916 003 794 additional FGC shares with payment for a part of them in shares of trunk grid companies.
June 6, 2007. First auction for the sale of a RAO "UES of Russia"-owned stake in a generation company (WGC-5) conducted.
June 1, 2007. Volga TGC target structure formation completed.
May 30, 2007. TGC-1 target structure formation completed.
May 25, 2007. The RAO "UES of Russia" Board of Directors approved the main characteristics of the separation balance sheet.
As of January 1, 2007. As a result of reorganization of regional AO-Energos in terms of unbundling by activity type 57 energy sales companies (ESCs) have undergone the state registration procedure. All energy sales companies of the Holding (as well as those AO-Energos that haven't yet finished unbundling by activity type) have become suppliers of last resort. They were appointed to this position by regional regulatory bodies located in the corresponding subjects of the Russian Federation. In accordance with the current legislation or voluntary obligations undertaken by the companies, the status of a supplier of last resort obliges the companies to enter into electricity purchase and sale contract with any consumer who applies to them.
As of December 31, 2006. The RAO UESR Board of Directors has approved restructuring projects for 71 out of 72 AO-Energos. 260 new companies have undergone the state registration procedure. 55 out of 56 trunk grid companies have been established on the basis of reorganized AO-Energos. 34 out of 37 management companies have been liquidated. In the process of formation of 4 IDGCs as per their transition models executive powers of 25 distribution grid companies have been transferred to management companies of corresponding interregional distribution grid companies.
As of December 31, 2006. Securities of 91 newly established companies spun off from reorganized AO-Energos have been admitted to trading on the Russian stock exchanges (shares of 88 companies – on RTS Stock Exchange, shares of 84 companies – on NP RTS, shares of 78 companies – on MICEX).
During the Structural reform 35 newly established generation companies ceased their operations due to their reorganization in terms of a merger with and into wholesale (WGCs) and territorial (TGCs) generation companies.
Thus, 56 newly established companies entered the stock market, including 39 sales, 13 generation and 4 distribution grid companies.
December 31, 2006. The 1st stage of TGC-13 formation as per its target model has been completed (excluding generation assets of Kyzylskaya CHP (a wholly-owned subsidiary of Tyvaenergo). TGC-13 and Krasnoyarsk Generation ceased their operations due to their merger with and into Khakass Generation Company. It is scheduled to include generation assets of Kyzylskaya CHP no later than October 1, 2007.
December 29, 2006. The Russian Federation Government Resolution ¹ 830 of December 29, 2006 "On Amending the Russian Federation Government Resolutions Concerning the Electric Power Industry" came into force.
December 27, 2006. TGC-1 shares were admitted to trading on the Russian stock market.
December 22, 2006. Adoption of the Russian Federation Government Decree ¹1802-r of December 22, 2006, which approves the list of electric power (capacity) buyers, who participate in electric power (capacity) trading at regulated prices (tariffs) and according to conditions specified in long-term contracts concluded in 2006. Conditions of long-term contracts are specified in the Rules of the wholesale electric power (capacity) market of the transition period.
December 6, 2006. The meeting of shareholders of RAO "UES of Russia" on reorganization was held. The shareholders approved the implementation plan for the 1st stage of reorganization of the company prepared by the RAO UESR Board of Directors. The shares of WGC-5 Holding and TGC-5 Holding will be allocated among the shareholders of RAO "UES of Russia".
December 6, 2006. The extraordinary general meeting of shareholders of RAO "UES of Russia" approved the transaction under which the company will purchase additional shares of FGC UES to the amount of 10 billion rubles (the second stage of additional share placement by FGC UES).
December 1, 2006. The 1st stage of TGC-10 formation as per its target model has been completed (excluding generation assets of Kurgan Generation Company). TGC-10 and Chelyabinsk Generation Company ceased their operations due to their merger with and into Tyumen Regional Generation Company. It is scheduled to include generation assets of Kurgan Generation Company no later than July 1, 2007.
November 2006. Placement of additional shares issued by WGC-5 was completed. 12,3 billion rubles (459 mln USD) were attracted. Cash proceeds from placement of shares will be used for implementation of WGC-5 investment programs.
November 29, 2006. Shares of WGC-1 were included in the list of securities admitted to trading (without listing) on NP RTS, RTS Stock Exchange and MICEX.
November 28, 2006. TGC-4 shares were admitted to trading on the Russian stock market.
November 24, 2006. The extraordinary general meeting of shareholders of KEUK decided to issue additional shares of the company. Additional shares will be paid for in transmission property of Ingushenergo (functional unbundling of this company).
November 1, 2006. State registration of South-Yakutian Energy Company (the assets of this company include 100% shareholding in the prevously established generation company Southern Yakutskenergo). South-Yakutian Energy Company was spun off from a reorganized Joint Stock Company Yakutskenergo.
November 1, 2006. The 1st stage of TGC-1 formation as per its target model has been completed (excluding generation assets of Murmansk CHP). Petersburg Generation Company, Karelenergogeneration, Kola Generation Company and Apatity CHP ceased their operations due to their merger with and into TGC-1. It is scheduled to include Murmansk CHP in TGC-1 Holding no later than May 1, 2007.
October 27, 2006. Adoption of the Russian Federation Government Resolution ¹ 628 of October 27, 2006 "On approving the rules for implementing control over legal entities and individual entrepreneurs in order to prevent them from combining transmission and dispatching activities with generation and sales ones and on amending the Provision on the Federal Antimonopoly Service approved by the Russian Federation Government Resolution ¹ 331 of June 30, 2004".
October 27, 2006. The RAO UESR Board of Directors decided to reduce the share of RAO “UES of Russia” in the authorized capital of FGC UES from 100% to 76,94% by placing additional shares issued by FGC UES in favour of the Federal Agency for Federal Property Management. This will help to ensure the State’s participation in financing FGC UES investment program.
October 25, 2006. State registration of Tyvanenergosbyt as a wholly-owned subsidiary of RAO “UES of Russia”, which was established with the aim of separating sales from other types of businesses in the process of restructuring of Tyvaenergo.
October 18, 2006. TGC-2 shares were admitted to trading on the Russian stock market.
October 1, 2006. Altaienergosbyt, a wholly-owned subsidiary of RAO "UES of Russia" established with the aim of separating sales activities performed by Altaienergo from other types of activities, started its operations.
As of September 30, 2006. Securities of 90 new companies (spin-offs from reorganized AO-Energos) were admitted for trading by RTS Stock Exchange, NP RTS, and MICEX (shares of 88 companies – by RTS Stock Exchange, shares of 83 companies – by NP RTS, and shares of 77 companies – by MICEX).
September 30, 2006. Pursuant to the decisions taken by the EGM of shareholders of HydroWGC on October 28, 2005 and general meeting of shareholders of RAO "UES of Russia" on June 28, 2006, allocation of HydroWGC additional shares started. These shares are paid for in RAO UESR-owned shares.
September 29, 2006. The RAO UESR Board of Directors approved the purchase of FGC UES shares to the amount of 10 billion rubles by RAO “UES of Russia”. These shares are privately placed in favour of RAO “UES of Russia”.
September 29, 2006. TGC-14 has been formed according to its target structure. Entry was made in the Uniform State Register of Legal Entities that Chita Generation Company and Buryatgeneration cease functioning because of their merger with and into TGC-14.
September 29, 2006. Completion of WGC-1 establishment. Entry was made in the Uniform State Register of Legal Entities that Nizhnevartovsk SDPP, Urengoy SDPP, Iriklino SDPP, Kashira SDPP, and Perm SDPP cease functioning because of their merger with and into WGC-1.
September 29, 2006. Completion of WGC-2 establishment. Entry was made in the Uniform State Register of Legal Entities that Pskov SDPP, Stavropol SDPP, Troitsk SDPP, Serov SDPP, and Surgut SDPP-1 cease functioning because of their merger with and into WGC-2.
September 29, 2006. Completion of WGC-6 establishment. Entry was made in the Uniform State Register of Legal Entities that Kirishi SDPP, Krasnoyarsk SDPP, Novocherkassk SDPP, Ryazan SDPP, SDPP-24, and Cherepovets SDPP cease functioning because of their merger with and into WGC-6.
September 18, 2006. The RAO UESR Restructuring Committee made the following decisions related to the development of the Russian distribution grids:
to prepare a list of necessary amendments and additions to be made to the Russian legislation with the aim of introducing a new system of tariff regulation based on the RAB method;
to discuss reshaping of IDGCs (creation of 12 IDGCs);
to improve the draft development strategy for the RAO UESR distribution complex, taking into account proposed changes to the ownership structure of IDGCs and distribution of powers between FTS and regional regulators.
September 15, 2006. TGC-4 has been formed according to its target structure. Entry was made in the Uniform State Register of Legal Entities that Bryansk Generation Company, Voronezh Generation Company, Kaluga Generation Company, Kursk Generation Company, Lipetsk Generation Company, Orel Generation Company, Ryazan Heating Supply Company, Smolensk Generation Company, Tambov Generation Company, and Prioksk Territorial Generation Company cease functioning because of their merger with and into TGC-4.
September 1, 2006. Pursuant to the Russian Federation Government Resolutions ¹ 529 of August 31, 2006 and ¹ 530 of August 31, 2006, the Rules of operation of wholesale and retail markets came into force.
July – August, 2006. Shares of WGC-2, WGC-4, and WGC-6 were included in the list of securities that were admitted to trading on RTS Stock Exchange, NP RTS, and MICEX without listing.
August 31, 2006. Prime Minister Mikhail Fradkov signed the Russian Federation Government Resolution ¹ 529 of August 31, 2006 “On Improving Operations of the Wholesale Electricity (Capacity) Market” and the Russian Federation Government Resolution ¹ 530 “On the Rules of Operation of Retail Electricity Markets”.
August 30, 2006. The RAO UESR Board of Directors approved the restructuring project for Tyvaenergo (a wholly-owned subsidiary of Krasnoyarskenergo) according to the "non-basic" restructuring model.
August 7, 2006. The RAO UESR Management Board decided to improve the development strategy for the energy system of the Magadan Region.
August 4, 2006. RAO UESR-owned shares of 42 trunk grid companies established in the process of AO-Energo restructuring were transferred to the authorized capital of FGC UES.
July 6, 2006. public auction for the sale of 47,36% of Yaroslavl Sales Company shares owned by RAO “UES of Russia” was held. In accordance with the auction rules, only companies independent from RAO “UES of Russia” and private companies could participate in this auction. The final bid exceeded the initial price by more than twice (by 2,3 times).
July 1, 2006. Completion of WGC-4 establishment. Entry was made in the Uniform State Register of Legal Entities that Berezovsk SDPP, Smolensk SDPP, Shatura SDPP-5, Yayva SDPP, and Surgut SDPP-2 cease functioning because of their merger with and into WGC-4.
July 1, 2006. The 1st stage of TGC-2 formation as per its target model has been completed (excluding generation assets of Arkhangelsk Generation Company).
As of June 30, 2006. Securities of 84 new companies (spin-offs from reorganized AO-Energos) were admitted for trading by RTS Stock Exchange, NP RTS, and MICEX (shares of 81 companies – by RTS Stock Exchange, shares of 72 companies – by NP RTS, and shares of 73 companies – by MICEX).
June 28, 2006. The general meeting of shareholders of RAO "UES of Russia" approved placement of FGC UES additional shares, which are to be paid for in RAO UESR-owned shares of trunk grid companies established under reorganization of AO-Energos.
June 23, 2006. The RAO UESR Board of Directors approved the issue of additional shares by TGC-3, TGC-9, WGC-3, and WGC-4. Placing of additional shares among the Russian and foreign investors may take place during 2006-2008.
June 23, 2006. The RAO UESR Board of Directors with regard to formation of TGC-7 approved participation of RAO "UES of Russia" in Volzhskaya TGC (TGC-7): RAO "UES of Russia" will exchange its shares of Orenburg Heat Generation Company for additional shares of Volzhskaya TGC.
June 23, 2006. The RAO UESR Board of Directors with regard to formation of TGC-13 approved the reorganization procedure for TGC-13, Krasnoyarsk Generation, and Khakass Generation Company in order thus to complete formation of TGC-13.
June 23, 2006. The RAO UESR Board of Directors with regard to completion of TGC-14 formation approved reorganization of TGC-14 in terms of a merger with Buryatgeneration and Chita Generation Company.
June 13, 2006. Completion of TGC-6 formation as a holding company. State registration of the report on the results of placement of TGC-6 additional shares with payment for them in shares of Vladimir Generation Company, Ivanovo Generation Company, Mordovian Generation Company, Mordovian Heat Network Company, Nizhni Novgorod Generation Company, and Penza Generation Company, which comprise the holding.
June 1, 2006. Completion of the 1st stage of TGC-8 formation as per its target model exclusive of generation assets of Kubanenergo, which hasn't yet finished unbundling by activity type. Entry has been made in the Uniform State Register of Legal Entities that Astrakhan Regional Generation Company, Volzhskaya Generation Company, Dagestan Heat Generation Company, Rostov Generation Company, and Stavropol Heat Generation Company cease functioning because of their merger with and into TGC-8.
May 26, 2006. The RAO UESR Board of Directors with regard to completion of TGC-1 formation approved completion of TGC-1 formation as per its target model by reorganizing Petersburg Generation Company, Karelenergogeneration, Kola Generation Company, and Apatity CHP in terms of a merger with and into TGC-1, and also approved contribution of Murmansk CHP shares as payment for additional shares of TGC-1.
May 26, 2006. The RAO UESR Board of Directors with regard to completion of TGC-10 formation approved the 1st stage of TGC-10 formation as per its target model (not including the assets of Kurganenergo that hasn't yet completed unbundling) by reorganizing TGC-10 and Chelyabinsk Generation Company in terms of a merger with and into Tyumen Regional Generation Company. After the merger is completed, Tyumen Regional Generation Company will be renamed TGC-10.
May 26, 2006 The RAO UESR Board of Directors decided to reorganize Khabarovskenergo, Southern Yakutskenergo, Amurenergo, Dalenergo, and Luchegorsk Fuel and Energy Complex in terms of a merger and to approve the Article of Association of the Far East Energy Company, which will be established as the result of the merger of the mentioned above companies.
May 1, 2006. Completion of the 1st stage of TGC-9 formation as per its target model exclusive of generation assets of Komienergo, which hasn't yet finished unbundling by activity type. Entry has been made in the Uniform State Register of Legal Entities that Sverdlovsk Generation Company and Perm Generation Company cease functioning because of their merger with and into TGC-9.
April 21, 2006. With regard to formation of TGC-11 the RAO UESR Board of Directors approved completion of TGC-11 formation as per its target model (reorganization of Omsk Power Generation Company and Tomskenergo in terms of a merger with and into TGC-11).
April 3, 2006. – State registration of the companies spun off from Saratovenergo and Ulyanovskenergo.
April 1, 2006. – State registration of the companies spun off from Samaraenergo.
April 1, 2006. WGC-3 and WGC-5 completed their merger with AO-Power Plants and are now functioning as unified operating companies.
As of March 31, 2006. Securities of 78 new companies (spin-offs from reorganized AO-Energos) were admitted for trading by RTS Stock Exchange, NP RTS, and MICEX (shares of 76 companies – by RTS Stock Exchange, shares of 71 companies – by NP RTS, and shares of 73 companies – by MICEX).
Quarter 1, 2006. Restructuring of Vologdaenergo, Kolenergo, Krasnoyarskenergo, Mosenergo, and Tyumenenergo has been completed. Boards of Directors of 12 companies spun off from these AO-Energos considered actual initial balance sheets formation results.
Quarter 1, 2006. Transition to a single share in WGC-3 and WGC-5 has been completed. Shares of these companies were admitted for trading on the stock market.
Quarter 1, 2006. The Federal Financial Markets Service registered the issue of 160 billion ordinary personal uncertificated shares of FGC UES at 50 kopeck par value each (the total value is 80 billion rubles). These shares will be placed by closed subscription in favor of RAO "UES of Russia" (the only shareholder of FGC UES) and will be paid for in cash assets and also with the following property: shares of established trunk grid companies and production facilities of the power grid complex of RAO "UES of Russia".
Quarter 1, 2006. While measures to improve corporate governance in power sales companies during the transition period were implemented, 46 power sales companies established under reorganization of AO-Energos concluded share trust agreements.
March 31, 2006. TGC-5 has been established as per its target model. The entry was made in the Uniform State Register of Legal Entities that Vyatka Electric Heating Company, Mari Regional Generation Company, Udmurtian Territorial Generation Company, and Chuvashi Generation Company cease functioning because they have merged with and into TGC-5.
March 27, 2006. The RAO UESR Management Board approved the Development Strategy for Sakhalinenergo for 2006-2014 (with the outlook for 2020).
February 14, 2006. State registration of Southern Yakutskenergo (a wholly-owned subsidiary of JSC Yakutskenergo) in the Federal Tax Service (FTS of Russia) in Neryungri city (the Republic of Sakha (Yakutia)). Established on the basis of the Southern energy zone of Yakutskenergo, Southern Yakutskenergo will produce electric and thermal power.
February 1, 2006. Kalmenergosbyt started its operations. The company purchases electric power in the wholesale market and then sells it to consumers. The Federal Tariff Service gave Kalmenergosbyt the status of an independent participant of the wholesale power (capacity) market.
January 26, 2006. The Russian Federation Government adopted the Resolution ¹ 77-r dated January 26, 2006, which approved the contribution of RAO UESR-owned shares of regional generation companies (RGCs) to the authorized capital of interregional distribution grid companies (IDGCs) by December 31, 2007. Shares of RGCs will be the payment for additionally issued shares of IDGCs, provided that the participatory interest of RAO "UES of Russia" in IDGC of Center and Northern Caucasia, IDGC of North-West, IDGC of Ural and Volga, and IDGC of Siberia is no less than 50%+ 1 share.
January 26, 2006. Adoption of the Russian Federation Government Resolution ¹ 41 "On the Criteria for the Assignment of Electric Grid Facilities to the Unified National (All-Russian) Power Grid", which lists more criteria for the assignment of electric grid facilities to the UNPG than the previously approved Resolution ¹ 881 (some new criteria were added).
January 1, 2006. The unified operating company TGC-7 started its operating activities (without using the lease-based model). The company was jointly established by Samaraenergo, Saratovenergo, and Ulyanovskenergo.
January 1, 2006. Generation companies, established under reorganization of AO-Energos, have started their operations in the wholesale power (capacity) market. These companies became independent market participants. Regional generation companies of the RAO UESR Holding entered the wholesale market under implementation of measures designed to improve and develop wholesale and retail power markets. These measures were mentioned in the power sector restructuring plan for 2005-2006, which was approved by the Russian Federation Government on April 15, 2005.
As of December 31, 2005. The RAO UESR Board of Directors has approved restructuring projects for 68 AO-Energo companies. 53 of them are to be reorganized by splitting off. A total of 230 new companies established under reorganization of 55 wholly-owned subsidiaries of RAO "UES of Russia" have undergone state registration procedure. All wholesale generation companies have been established, as well as 13 out of 14 TGCs. All four IDGCs have also been established; they cover all regions of Russia, except the Far East region and isolated energy systems.
December 23, 2005. At its meeting, the RAO UESR Board of Directors took into consideration and discussed system-wide functions of RAO "UES of Russia", which are to be transferred to governmental bodies and infrastructural organizations in the process of reorganization of the company.
November 30, 2005. All regional generation companies signed contracts for joining the trading system of the wholesale market.
November 17, 2005. The Committee for RAO "UES of Russia" Restructuring approved the Concept for the ancillary services market (the wholesale market segment), developed by the Operation Center.
October 21 and December 5, 2005. At its meeting, the Interdepartmental Committee for Power Industry Restructuring under the chairmanship of Khristenko V.B., Minister for Industry and Energy, examined and approved the Concept for the transformation of the transitional wholesale power (capacity) market in 2006.
October 20, 2005. Pursuant to the Russian Federation Government Resolution ¹ 620 of October 17, 2005 "On Amending the Russian Federation Government Resolution on the Deviation Sector of the Transitional Wholesale Power (Capacity) Market", the balancing market was launched.
October 3, 2005. State registration of trunk grid companies established under reorganization of Permenergo and Sverdlovenergo.
October 1, 2005. State registration of trunk grid companies established under reorganization of Orelenergo and Orenburgenergo.
October 1, 2005. State registration of the new companies established under reorganization of four regional energy systems (wholly-owned subsidiaries of RAO "UES of Russia"): Vologdaenergo, Kolenergo, Krasnoyarskenergo, and Lenenergo.
October 1, 2005. TGC-1 started its operating activities.
September 9, 2005. State registration of securities issued by the company established under reorganization of Tyumenenergo.
September 2, 2005. The RAO UESR Board of Directors approved the restructuring project for energy systems of the Far East and the plan of measures related to its implementation.
September 1, 2005. State registration of 27 trunk grid companies spun off from previously reorganized AO-Energos.
August 25, 2005. State registration of securities issued by the companies established under reorganization of Orenburgenergo, Dagenergo, Nizhnovenergo, and Khakasenergo.
August 23, 2005. State registration of securities issued by the company established under reorganization of Dagenergo.
August 3, 2005. State registration of the new companies established under reorganization of Omskenergo.
July 15, 2005. The Board of Directors of Komienergo decided to start reorganization of the company in terms of unbundling by activity type (by splitting off).
July 14, 2005. State registration of securities issued by the companies established under reorganization of Kirovenergo.
July 12, 2005. The Board of Directors of Kuzbassenergo decided to start reorganization of the company in terms of unbundling by activity type (by splitting off).
July 4, 2005. State registration of Interregional Distribution Grid Company of Siberia (IDGC of Siberia) in the Zheleznodorozhny District Inspectorate of the Russian Federal Tax Service in Krasnoyarsk.
July 1, 2005. TGC-5 and TGC-8 started their operating activities.
July 1, 2005. State registration of the new companies, established under reorganization of four regional energy systems: Dagenergo, Orenburgenergo, Tyumenenergo, and Khakasenergo.
June 30, 2005. Extraordinary general meetings of Astrakhan Regional Generation Company, Volga Generation Company, Rostov Generation Company, and Stavropol Heat Generation Company approved lease agreements with TGC-8.
June 30, 2005. State registration of securities issued by the companies established under reorganization of Arkhenergo.
June 29, 2005. Extraordinary general meetings of Vyatka Heat and Power Company, Mari Regional Generation Company, and Udmurtian Territorial Generation Company approved property lease agreements with TGC-5.
June 29, 2005. The Board of Directors of Dagestan Heat Generation Company decided to approve lease agreement with TGC-8.
June 28, 2005. State registration of Territorial Generation Company ¹ 13 (TGC-13)
with the Zheleznodorozhny District Inspectorate of the Federal Tax Service of Russia in Krasnoyarsk.
June 28, 2005. State registration of securities issued by the companies established under reorganization of Tomskenergo and Dagenergo.
June 24, 2005. The RAO UESR Board of Directors approved: restructuring project for Kuzbassenergo; transition to a single share in WGC-3 and WGC-5; integration of all generation assets of Kuzbassenergo into one TGC. It also approved new configurations for TGC-11 and TGC-12:
TGC-11 is to be established on the basis of the generation assets of Tomskenergo and Omskenergo;
TGC-12 is to be established on the basis of the generation assets of Altaienergo and Kuzbassenergo.
June 21, 2005.
State registration of securities issued by the companies established under reorganization of Permenergo and Orelenergo.
June 2, 2005. General meetings of shareholders of Buryatgeneration, Buryatenergosbyt, Buryatian Trunk Power Grids, and Buryatian Management Company were held to approve Articles of Association and elect management bodies (Board of Directors, Auditing Committee, and Director General) of the established companies.
June 2, 2005. State registration of securities issued by the companies established under reorganization of Orelenergo and Stavropolenergo.
May 31, 2005. State registration of securities issued by the companies established under reorganization of Mosenergo.
May 26, 2005. State registration of securities issued by the companies established under reorganization of Mosenergo, Nizhnovenergo, Tulenergo, Sverdlovenergo, and Novgorodenergo.
May 24, 2005. State registration of securities issued by SDPP-24, which was established under reorganization of Mosenergo.
May 17, 2005. State registration of securities issued by the companies established under reorganization of Belgorodenergo.
May 3, 2005. State registration of the new companies established under reorganization of Dagenergo.
May 1, 2005. State registration of the new companies established under reorganization of Kirovenergo.
May 1, 2005. The transition wholesale power (capacity) market was launched in Siberia.
April 27, 2005.Territorial Generation Company ¹6 (TGC-6)
has undergone state registration procedure with the Kanavinsky Region Inspectorate of the Federal Tax Service in Nizhni Novgorod.
April 15, 2005. Signing of the Russian Federation Government Decree ¹ 417-r, which approved "The Plan of Measures Related to the Restructuring of Electric Power Industry in 2005-2006".
April 14, 2005. State registration of securities issued by the companies established under reorganization of Volgogradenergo.
April 11, 2005. The RAO UESR Management Board appointed Sergey Kozhemyako Director General of TGC-11.
April 5, 2005. State registration of securities issued by the companies established under reorganization of Astrakhanenergo.
April 1, 2005. State registration of the new companies established under reorganization of 10 energy systems (wholly-owned subsidiaries of RAO "UES of Russia"), namely Arkhenergo, Belgorodenergo, Mosenergo, Nizhnovenergo, Novgorodenergo, Orelenergo, Permenergo, Sverdlovenergo, Stavropolenergo, and Tulenergo.
April 1, 2005. TGC-9 started its operating activities.
March 31, 2005. State registration of the new companies established under reorganization of Tomskenergo.
March 31, 2005. State registration of securities issued by the companies established under reorganization of Tverenergo, Tambovenergo, Nizhnovenergo, and Smolenskenergo.
March 30, 2005. State registration of Territorial Generation Company ¹10 (TGC-10)
with the Traktorozavodsky District Inspectorate of the Federal Tax Service in Chelyabinsk.
March 29, 2005. State registration of securities issued by the companies established under reorganization of Chelyabenergo, Mordovenergo, and Kurskenergo.
March 25, 2005. The Board of Directors of RAO "UES of Russia" approved the restructuring project for Kamchatskenergo. The company will be reorganized as per the individual model, which is different from the "basic" one. This will happen because Kamchatskenergo is an isolated energy company, and this fact affects greatly its restructuring model.
March 23, 2005. State registration of the last out of seven wholesale generation companies (WGCs).
The First Generation Company of the Wholesale Power Market (WGC-1)
has undergone state registration procedure in Tyumen Regional Inspectorate No.3 of the Federal Tax Service.
March 21, 2005. The meeting of the Board of Directors of Omskenergo was held to address the issue of convocation of the general meeting of shareholders to approve Article of Association and elect management bodies (Director General, Board of Directors and Auditing Committee) for each of the company's spin-offs.
March 21, 2005. The Board of Directors of Kurganenergo was held to address reorganization of the company.
March 16, 2005. State registration of securities issued by the companies established under reorganization of Vladimirenergo.
March 15, 2005. The Board of Directors of Lenenergo was held to address participation of this company in joint establishment of TGC-1.
March 10, 2005. State registration of securities issued by the companies established under reorganization of Ivenergo, Yarenergo, and Rostovenergo.
March 10, 2005. General meetings of shareholders of the new companies established under reorganization of Khakasenergo and Orenburgenergo were held to approve Articles of Association and elect management bodies (Director General, Board of Directors, and Auditing Committee) of the established companies.
March 9, 2005. Anatoly Chubais, the Chairman of the RAO UESR Management Board, appointed Vasili Nesvetaylov Director General of TGC-2. His candidacy was unanimously approved by the Management Board of RAO "UES of Russia".
March 5, 2005. The general meeting of shareholders of Tyumenenergo was held, which approved reorganization of the company by splitting off Tyumen Regional Generation Company, Surgut SDPP-1, Surgut SDPP-2, Nizhnevartovsk SDPP, Urengoy SDPP, Tyumen Power Sales Company, and Tyumen Trunk Grid Company.
March 5, 2005. Boards of Directors of Kolenergo and Karelenergogeneration were held to address the company's participation in joint establishment of TGC-1.
March 4, 2005. State registration of securities issued by the companies spun off from Ryazanenergo and Kostromaenergo.
March 4, 2005. Boards of Directors of Marienergo, Udmurtenergo, and Chuvashenergo were held to address the launch of measures for interregional integration into TGC-5.
March 3, 2005. The Board of Directors of Kirovenergo was held to address the launch of measures for interregional integration into TGC-5.
February 28, 2005. The state registration of Interregional Distribution Grid Company of Ural and Volga (IDGC of Ural and Volga) with the Leninsky District Inspectorate of the Federal Tax Service in Ekaterinburg.
February 28, 2005. The Board of Directors of RAO "UES of Russia" appointed Likhachev A.N. Director General of TGC-1. Gennady Kochetkov, Director General of Tulaenergo, was appointed Director General of TGC-4.
February 28, 2005. General meetings of shareholders of Management Energy Company, Trunk Grid Company, Moscow City Power Grid Company, Moscow Heat Network Company, Moscow Region Power Grid Company, Mosenergosbyt, Specialized Planning and Design Office For Repairs and Reconstruction, Mosteplosetremont, Mosenergosetstroy, SDPP-4, and SDPP-5 were held to approve Articles of Association and elect management bodies (Boards of Directors, Auditing Committees, and Directors General) of the companies.
February 25, 2005. The RAO UESR Board of Directors approved establishment projects for TGC-2, TGC-4, and TGC-6.
February 25, 2005. The RAO UESR Board of Directors approved restructuring projects for:
Kurganenergo – in accordance with the "basic" restructuring model, by separating Kurgan Generation Company, Kurgan Power Sales Company, and Kurgan Trunk Grid Company;
Kalmenergo – in accordance with the "non-basic" restructuring model, by establishing Kalmenergosbyt, a wholly-owned subsidiary of the company.
February 25, 2005. The Board of Directors of RAO "UES of Russia" adopted the decision to amend the split-off schedule for UNPG (Unified National Power Grid) facilities of AO-Energos.
February 23, 2005. The general meeting of shareholders of Orenburgenergo (the RAO UESR Management Board) decided to reorganize the company by splitting off Orenburg Heat Generation Company, Iriklino SDPP, Orenburgenergosbyt, and Orenburg Trunk Power Grids.
February 22, 2005. The general meeting of shareholders of Khakasenergo (the RAO UESR Management Board) decided to reorganize the company by splitting off Khakass Generation Company, Khakass Energy Management Company, Khakasenergosbyt, and Khakas Trunk Grid Company.
February 22, 2005. Anatoly Chubais, the Chairman of the RAO UESR Management Board, appointed Vladimir Lebedev Director General of TGC-5. He also appointed Vladimir Privalov Director General of TGC-6. Their candidacies were unanimously approved by the Management Board of RAO "UES of Russia".
February 21, 2005. Anatoly Chubais, the Chairman of the RAO UESR Management Board, appointed Viktor Gvozdev Director General of TGC-8. His candidacy was unanimously approved by the Management Board of RAO "UES of Russia".
February 17, 2005. The Board of Directors of Lenenergo decided to convene EGM of shareholders to address the company's reorganization by splitting off Petersburg Generation Company, North-Western Energy Company, Petersburg Sales Company, and Petersburg Trunk Grids.
February 11, 2005. At its meeting, the Board of Directors of the Third Generation Company of the Wholesale Power Market (WGC-3) discussed main priorities of the company. The plan of measures related to formation of WGC-3 was approved. The Board of Directors also appointed Investment Financial Company Metropol the financial consultant for WGC-3.
February 8, 2005. The Board of Directors of Orenburgenergo advised the general meeting of shareholders of the company (which includes members of the only shareholder of Orenburgenergo – RAO "UES of Russia") to approve reorganization of the company by splitting off Orenburg Heat Generation Company, Iriklino SDPP, Orenburgenergosbyt, and Orenburg Trunk Power Grids.
February 8, 2005. The Committee for Strategic Planning and Restructuring under the RAO UESR Board of Directors approved establishment projects for TGC-2 and TGC-4.
February 1, 2005. State registration of the new companies, established under reorganization of Kurskenergo, Mordovenergo, and Smolenskenergo as per the "basic" model, took place. Nizhni Novgorod Generation Company, established under reorganization of Nizhnovenergo as per the "basic" model, has also undergone state registration procedure.
February 1, 2005. TGC-14 started operating activities.
January 31, 2005. State registration of the new companies, established under reorganization of Chelyabenergo.
January 28, 2005. At its meeting, the RAO UESR Board of Directors instructed the representatives of RAO "UES of Russia" to vote for the approval of the property lease contract to be concluded between AO-Energos and TGC-9 at the Boards of Directors of Sverdlovenergo and Permenergo (interested party transaction).
January 24, 2005. Anatoly Chubais, the Chairman of the RAO UESR Management Board, appointed Mikhail Kuzichev Director General of WGC-2 and Andrey Kitashev Director General of WGC-4. Their candidacies were unanimously approved by the RAO UESR Management Board.
January 21, 2005. The first meeting of the Board of Directors of the Federal Hydrogeneration Company (HydroWGC) took place. Viktor Khristenko, the Minister for Industry and Energy of the Russian Federation, was elected Chairman of the Board. Anatoly Chubais, the Chairman of the RAO UESR Management Board, was elected Deputy Chairman of the Board of Directors of HydroWGC.
January 14-15, 2005. The state registration of management companies split off from Ivenergo and Vladimirenergo, which are reorganized as per the non-basic model. Ivanovo Management Company was registered on January 14; Vladimir Energy Company – on January 15.
January 11, 2005. The state registration of the new companies established under reorganization of seven regional energy systems – wholly-owned subsidiaries of RAO "UES of Russia", namely Astrakhanenergo, Lipetskenergo, Rostovenergo, Ryazanenergo, Tambovenergo, Tverenergo, and Yarenergo.
January 11, 2005. Anatoly Chubais, the Chairman of the RAO UESR Management Board, made the following appointments: Vladimir Khlebnikov was appointed Director General of WGC-1, Valentin Sanko – Director General of WGC-6, and Aleksey Bobrov – Director General of IDGC of Ural and Volga. Their candidacies were unanimously approved by the RAO UESR Management Board.
January 1, 2005. The state registration of the new companies established under reorganization of nine regional energy systems – wholly-owned subsidiaries of RAO "UES of Russia", namely Vladimirenergo, Volgogradenergo, Ivenergo, Karelenergo, Kostromaenergo, Marienergo, Penzaenergo, Udmurtenergo, and Chuvashenergo.
As for December 31, 2004:
The "5-15%" market. 128 participants have signed contracts for joining the trading system. Among them 54 are independent from RAO "UES of Russia". 94 market entities participate in trading.
Implementation of restructuring projects for 52 AO-Energos has started.
62 AO-Energos transferred dispatching functions to RDA branches of SO-CDA UES.
161 subsidiary repair companies have undergone state registration procedure (including 40 power grid repair companies).
51 AO-Energos agreed upon the following issues with FGC UES and trunk power grids: the list of power transmission facilities belonging to UNPG, the list of infrastructure entities providing repair and operational services to these facilities, and the list of dispatching facilities to be transferred to ITGCs.
December 26, 2004. The state registration of the Federal Hydrogeneration Company (HydroWGC)
with the Zheleznodorozhny Regional Inspectorate of the Ministry of Taxation of the Russian Federation in the city of Krasnoyarsk, Krasnoyarsk territory.
December 24, 2004. The RAO UESR Board of Directors approved the company's participation in WGC-1, WGC-2, and WGC-6 by means of establishing wholly-owned subsidiaries of the company, and approved the lease-based model for the establishment of TGC-5.
December 24, 2004. The RAO UESR Board of Directors approved the company's participation in the Federal Hydrogeneration Company (HydroWGC) by means of establishing a wholly-owned subsidiary of the company.
December 24, 2004. At its meeting, where issues concerning the results of restructuring and restructuring plans were discussed, the Russian Federation Government approved the course of restructuring of the Russian power sector.
December 23, 2004. The state registration of the Interregional Distribution Grid Company of North-West with the Interregional Inspectorate ¹15 of the Ministry of Taxation in St. Petersburg.
December 17, 2004. The state registration of the Interregional Distribution Grid Company of Center and Northern Caucasia with the Interregional Inspectorate ¹1 of the Ministry of Taxation in Tver region.
December 7, 2004. The state registration of Territorial Generation Company ¹14 (TGC-14)
in the Inspectorate of the Ministry of Taxation in Ingodinsky Administrative District of the city of Chita.
November 26, 2004. The RAO UESR Board of Directors approved participation of RAO "UES of Russia" in WGC-4 by establishing a wholly-owned subsidiary of the company and approved the establishment of two territorial generation companies (TGCs), namely TGC-1 (by means of co-establishment) and TGC-13 (according to a lease-based model).
November 1, 2004. This is the anniversary date of the wholesale market free trade sector's operations. All regional energy companies of the wholesale market price zone participated in trading. During the first four months of its operations, NP ATS became one of the ten major trading floors in the world (in terms of trading volumes). Summarizing the results of the first year of its functions, the competitive market in Russia took the 5th place in Europe and the 9th place in the world (in terms of trading volumes).
October 29, 2004. The RAO UESR Board of Directors decided to establish two territorial generation companies – TGC-10 and TGC-8.
October 25, 2004. The Russian Federation Government issued the Resolution ¹ 1367-r to establish a unified WGC on the basis of RAO UESR-controlled hydrogeneration assets.
October 1, 2004. The RAO UESR Board of Directors decided to establish four interregional distribution grid companies – IDGC-1, IDGC-2, IDGC-3, and IDGC-4.
October 1, 2004. The RAO UESR Board of Directors decided to establish WGC-3.
September 3, 2004. The RAO UESR Board of Directors decided to establish the first wholesale generation company (WGC-5) and the first two territorial generation companies (TGC-9 and TGC-14).
August 30, 2004. The Order ¹ 84 issued by the Ministry for Industry and Energy of the Russian Federation established the Interdepartmental Committee for Power Industry Restructuring instead of the former Russian Federation Government Committee for Power Industry Restructuring.
July 17, 2004. By Resolution ¹ 966-r, the Russian Federation Government adopted the new "2004-2005 Plan of Measures for Power Industry Restructuring", thus adjusting both the schedule of implementation of specific directions of the reform and the list of relevant implementers.
June 25, 2004. New Boards of Directors of FGC UES and SO-CDA UES were elected, which comprise the same members. FGC UES and SO-CDA UES remain wholly-owned subsidiaries of RAO "UES of Russia". Khristenko V.B., the Minister for Industry and Energy of the Russian Federation, became the Board's Chairman of both companies.
April 23, 2004. The RAO UESR Board of Directors approved the configuration of territorial generation companies and the procedure for their establishment using the lease-based model.
April 23, 2004. The RAO UESR Board of Directors' decision ¹ 168 approved the configuration of four interregional distribution grid companies: IDGC-1, which includes distribution grids within the unified energy systems (UES) of Center and Northern Caucasia, IDGC-2 (UES of North-West), IDGC-3 (UES of Ural and Volga), and IDGC-4 (UES of Siberia).
April 1, 2004. Completion of reorganization of the first regional energy company (Kalugaenergo). Companies, established under its reorganization, have undergone state registration procedure.
March 4, 2004. The Russian Federation Government issued the Resolution ¹ 136, which approved the powers of executive authorities of the Russian Federation constituents in the field of the state regulation of tariffs.
February 26, 2004. The new rules for the electric and thermal energy price formation were formalized. By the Resolution ¹ 123 of March 3, 2004, the Russian Federation Government approved the rules for the revocation of tariff regulation decisions made by executive authorities of the Russian Federation constituents.
January 21, 2004. By Resolution ¹ 24, the Russian Federation Government approved the standards for the information disclosure by participants of the wholesale and retail markets of electric power.
January 19, 2004. By Resolution ¹ 19, the Russian Federation Government approved the "Rules for the Approval of Investment Programs of Natural Monopoly Entities of the Electric Power Industry."
By January 15, 2004 the restructuring process has started in 34 AO-Energos. 60 regional AO-Energos have transferred dispatching functions to the branches of the System Operator – SO-CDA UES. Thus, the new dispatching framework has been practically formed.
January 1, 2004. The new stage of operations of the wholesale market competitive segment: in the balancing market, deviations were calculated on a hourly basis, new multiplying factors were introduced each hour, and some changes occurred in the procedure of capacity payment.
December 29, 2003. The Chairman of the Russian Federation Government signed the Resolution ¹ 1939-r on the establishment of seven interregional trunk grid companies (ITGCs).
December 26, 2003. The RAO UESR Board of Directors approved the procedure for conducting auctions for wholesale generation companies established on the basis of thermal power plants.
December 5, 2003. The RAO UESR Board of Directors considered the information concerning joint establishment of TGCs by several AO-Energos and configuration suggestions for TGCs. The Board of Directors commissioned the RAO UESR Management Board and the Strategy and Restructuring Committee under the RAO UESR Board of Directors with the task of developing the procedure for minimizing risks that may appear in case of joint establishment of TGCs by several AO-Energos.
December 1, 2003. The Russian Federation Government signed the Resolution ¹ 1754-r of December 1, 2003 "On the Approval of the Program for Changing the State Regulated Prices (Tariffs) in the Electric Power Industry", which set the 2004-2006 threshold level for the growth of tariffs for each energy system and RAO "UES of Russia" as a whole.
November 17, 2003. Summarizing the discussion of the configuration of territorial generation companies,
the RAO UESR Management Board suggested to establish 14 TGCs.
November 1, 2003. NP ATS conducted the first ever power trading in Russia in the "5-15%" competitive market segment. 13 entities were registered as trading participants: 6 buyers and 7 sellers. The Administrator of Trading System received 30 price bids. The volume of trade was 13 mln kWh, with the average weighted price amounting to 26,4 kopeck/kWh (this is 5,3% lower than that of wholesale power (capacity) market).
October 31, 2003. The ATS Supervisory Board approved:
the contract for joining the wholesale market trading system and 5 standard contract forms, which are appendixes to the contract for joining the wholesale market trading system;
12 wholesale market regulations;
the agreement for the use of the electronic digital signature within the wholesale market trading system;
regulations for the procedure of settling disputes between wholesale market entities;
form of the additional agreement to the power supply contract;
regulations for the confirmation of having the status of the wholesale market free trade sector participant by NP ATS;
technical requirements to commercial accounting systems in the field of energy accounting by wholesale market entities during the transition period.
October 31, 2003. The extraordinary general meeting of shareholders of the pilot energy system Bryanskenergo decided by a majority vote to reorganize the company by splitting off.
October 28, 2003. The Russian Federation Government signed Resolution No. 648 "On the Assignment of Electric Grid Facilities to the Unified National Power Grid and on Maintaining the Register of Electric Grid Facilities of the Unified National Power Grid."
October 24, 2003. By Resolution ¹ 643, the Russian Federation Government approved the rules for the transition wholesale power (capacity) market.
October 21, 2003. Anatoly Chubais, the Chairman of the RAO UESR Management Board, signed the order "On Forming a Database of Power Transmission Facilities of AO-Energos" and the Regulations for the interaction between the RAO UESR structural divisions, FGC UES, AO-Energos and engaged consulting organizations in the process of forming the database of property owned by power transmission facilities of AO-Energos.
September 29, 2003. The RAO UESR Board of Directors approved the basic model for the establishment of WGCs.
September 19, 2003. Anatoly Chubais, the Chairman of the RAO UESR Management Board, signed the order to start implementation of pilot restructuring projects for Vladimirenergo, Volgogradenergo, Voronezhenergo, Ivenergo, Kirovenergo, SEUK (Arkhenergo, Vologdaenergo, Kostromaenergo), Tambovenergo, Tverenergo, Yarenergo, and Belgorodenergo.
September 1, 2003. By Resolution ¹ 1254-r of September 1, 2003, the Russian Federation Government approved the composition of generation companies of the wholesale power market.
June 29, 2003. The Article of Association of the Non-commercial partnership "Administrator of Trading System" was amended pursuant to the requirements imposed by the laws on the electric power industry, which came into force on April 1, 2003.
June 27, 2003. By Resolution ¹ 865-r of June 27, 2003, the Russian Federation Government approved the plan of measures for power industry restructuring in 2003-2005.
May 15, 2003. The Board of Directors of Tulenergo identified reorganization of the company as one of its main priorities and took the following measures: adopted the plan of measures for implementation of the restructuring project for Tulenergo, commissioned Director General of the Company to ground conditions and procedure for the company's reorganization and prepare the plan of corporate measures for the implementation of the restructuring project. Besides, the decision was taken to prepare the separation balance sheet of the company in accordance with the restructuring project.
May 13 , 2003. The working group responsible for the development of RAO UESR's Strategy for 2003-2008 (the "5+5") considered the Draft Concept of RAO UESR's Strategy for 2003-2008 (the "5+5") with all remarks and suggestions taken into account.
April-May 2003. Consultations with federal executive authorities to modify and improve the Concept of RAO UESR's Strategy for 2003-2008 (the "5+5") were held.
April 24, 2003. The Russian Federation Government Committee for electric power industry restructuring under the chairmanship of vice premier V. Khristenko considered the Draft Concept of RAO UESR's Strategy for 2003-2008 (the "5+5").
April 10, 2003. RAO "UES of Russia" issued the order according to which all AO-Energos should create branch offices on the basis of property complexes of power grids belonging to UNPG.
April 9, 2003. Anatoly Chubais, the Chairman of the RAO UESR Management Board, signed the order "On the Beginning of Implementation of Pilot Restructuring Projects for AO-Energos" (Tulenergo, Kalugaenergo, Orelenergo, Bryanskenergo).
January-April 2003. Consultations with minority shareholders to modify and improve the Concept of RAO UESR's Strategy for 2003-2008 (the "5+5") were held.
March 31 - April 1, 2003. On the night of March 31st/April 1st in 10 regions of the Russian Federation regional dispatch administrations (RDAs) of AO-Energos transferred dispatching functions directed at the Unified Energy System of Russia to RDAs – subsidiary companies of the System Operator (SO-CDA).
The transfer of functions took place under measures for the creation of the new dispatching system of the UES of Russia. New branches of the System Operator were created in the following regions: the Republic of Khakassia; the Republic of Karelia; Chuvash Republic; Krasnodarsk territory; Amur, Orenburg, Tyumen, Penza, Kursk and Tver regions. Thus, as for April 1, 2003 there has been 20 SO-CDA UES branches.
March 26, 2003. The President of the Russian Federation signed the package of laws on the restructuring of the electric power industry.
March 21, 2003. The State Duma of the Russian Federation adopted the law "On Amending the Federal Law "On Energy Saving" (as amended by the conciliation committee).
March 11, 2003. The RAO UESR Management Board adopted a decision concerning the system that will control power transmission complex of AO-Energos. The Board approved the model which enables FGC UES to manage transmission complex of AO-Energos. This will be done in the following way: FGC UES will consider AO-Energos activities related to the use and repair of the transmission property, discuss the question of investing in transmission facilities, and appoint people to offices, where they will deal with transmission activities.
March 11-20, 2003. Field meetings took place in those AO-Energos, which will be the basis for creating regional dispatch administrations – branches of SO-CDA UES.
March 18, 2003. As the meeting of the State Duma Council finished, Y. Lipatov, the Deputy Chairman of the State Duma Committee for the electric power industry, transport and communications, said that all members of the conciliation committee (those who are representatives of the State Duma and the Federation Council) unanimously voted for the agreed amendments to the law "On Energy Saving".
March 12, 2003. The Federation Council approved 5 out of 6 projects for the restructuring of the electric power industry. It rejected the law "On Amending the Federal Law "On Energy Saving".
March 2003. The RAO UESR Restructuring Committee approved the model for the wholesale power market in the transition period.
April 2002 - March 2003. 35 agreements on the restructuring of regional energy companies were signed with governors during this period.
February 28, 2003. The Board of Directors considered the information concerning the implementation of the "Procedure for Interaction between RAO "UES of Russia" and business entities, shares of which are owned by RAO "UES of Russia".
This document was approved by the RAO UESR Board of Directors' decision of August 15, 2002 and came into force on September 1, 2002. According to this document, the RAO UESR Board of Directors expanded its control over transactions involving shares, interests and property of subsidiary companies.
February 21, 2003. Draft laws were approved by the State Duma in the third reading.
February 14, 2003. Draft laws on the restructuring of the power industry were adopted by the State Duma in the second reading.
February 11, 2003. The Russian Federation Government approved the Investment Program for RAO "UES of Russia" for the year 2003. This Program was previously approved by the Federal Energy Commission (FEC) Regulations of December 24, 2002. According to the Program, the amount of investments is 23 551 mln rubles (with amortization and other sources taken into account it amounts to 28,49 bln rubles). The Program was created with the view of the principles, which form the basis for the power industry reform, and includes investments in:
facilities involved in power generation (thermal and hydroelectric power plants);
grid facilities (delivery of capacity provided by new and existing power plants);
creation of the market infrastructure.
January 31, 2003. The Board of Directors approved the procedure for separating property of trunk grids of Tulenergo, Kalugaenergo, Orelenergo, Bryanskenergo. It is scheduled to complete reorganization of these companies before the state registration of the additional issue of shares of Interregional Trunk Grid Company (ITGC).
January 31, 2003. Taking into account the broad public discussion around guaranteeing suppliers (GS), the RAO UESR Board of Directors considered the information concerning their future activities. As this problem falls under the competence of authorities, the Board decided to submit the questions of creation of GS and types of their activities for consideration by the Committee for restructuring of the electric power industry under the Russian Federation Government.
January 21, 2003. Khristenko V.B., the Deputy Chairman of the Russian Federation Government, held a session to take the final decision concerning the amendments to the draft laws on restructuring of the electric power industry made by the centrist parties of the State Duma.
January 13, 2003. Simulation trading proceeded in the wholesale power market after the short pause during the New Year holidays. 131 entities participated in trading (168 with consolidated consumers taken into account).
January 4, 2003. NP ATS received the permission given by MAP (Ministry for Antimonopoly Policy) to buy shares of CDR FOREM (Center for Contracts and Settlements of the Federal Wholesale Power Market). The first payment under this transaction was made on January 15.
December 11, 2002. The State Duma Committee considered and approved suggestions made with regard to the draft laws of the Legal Department under the State Duma of the Russian Federation.
December 6, 2002. Materials prepared by the State Duma Committee were sent to the State Duma Council.
November 30, 2002. The State Duma Committee on the electric power industry, transport and communications approved the results of operations of the working group.
November 14 - 29, 2002. The working group under the State Duma of the Russian Federation held sessions, where amendments to the package of laws related to the restructuring of the electric power industry were discussed.
October 30, 2002. By Resolution ¹ 75-e/b, the Federal Committee for the Electric Power Industry approved the amount of payment for system security services provided by SO-CDA UES to the wholesale market entities.
October 11, 2002. The Governmental Committee under the supervision of Khristenko V.B., the Chairman of the Russian Federation Government, approved a joint project for the restructuring of energy systems within Tula, Orel, Kaluga and Bryansk regions.
October 9 - 10, 2002. Amendments to the package of laws related to the restructuring of the electric power industry were sent to the State Duma Committee for the Electric Power Industry.
October 9, 2002. The State Duma of the Russian Federation adopted laws related to the restructuring of the electric power industry (the so-called package of laws on restructuring) in the first reading.
October 7, 2002. 82 out of 87 wholesale market entities entered into contracts for providing services that ensure functioning and development of RAO "UES of Russia".
September 20, 2002. At its meeting, the Management Board of the Federal Energy Commission (FEC) approved:
Instructional guidelines directed at the calculation of the amount of payment for services that ensure system reliability provided by SO-CDA UES to wholesale market entities;
The list of services ensuring system reliability that are provided by SO-CDA UES to wholesale market entities and terms of payment for them;
The decision to add SO-CDA UES to the list of wholesale market entities.
September 12, 2002. The Russian Federation Government approved amendments made to the bills that were previously presented to the State Duma by the Ministry for Economic Development and Trade.
September 9, 2002. NP ATS started simulation trading.
September 4, 2002. The decision taken by the tripartite working group was sent to the Chairman of the Russian Federation Government.
September 2, 2002. At its meeting, the ATS Supervisory Board approved the procedure of conducting simulation trading with the aim to improve functioning of the wholesale market free trade sector.
Since September 1, 2002, 0:00 PM branches of SO-CDA UES, i.e. unified dispatching administrations (UDAs), have started to perform dispatching functions for managing unified energy systems.
September 2002. The tripartite working group consisting of the State Duma, the Federation Council, and the Russian Federation Government completed its sessions, where the development of agreed draft laws related to the restructuring of the electric power industry and the state regulation of tariffs for electric and thermal power in the Russian Federation was discussed.
September 2002. Creation of branches of FGC UES started:
Registration of both the securities issued by FGC UES and the report on the issue results.
Rappoport A.N., the Chairman of FGC UES, approved the configuration of branches of FGC UES transmission grids.
Branches of FGC UES transmission grids prepared all documents necessary for tax registration and presented them to taxation authorities.
The question of concluding the sales and purchase contract for inventories used for the exploitation of electric grids between RAO "UES of Russia" and FGC UES was laid before the RAO UESR Management Board (in order to subsequently present it to the RAO UESR Board of Directors).
August 31, 2002. Pauli V.K. was elected Chairman of the Management Board of SO-CDA UES. Besides, the act prepared by the Verification Committee, which is responsible for checking whether UDAs (SO-CDA UES branches) are ready for controlling energy systems of the UES, was approved.
August 30, 2002. The RAO UESR Board of Directors approved the main principles of forming the separation balance sheets under reorganization of AO-Energos.
August 15, 2002. The RAO UESR Board of Directors approved the procedure for establishing wholesale and territorial generation companies, distribution grid companies, and interregional grid companies.
August 6, 2002. The first meeting of SO-CDA UES Board of Directors was held.
August 2002. The closing stage of SO-CDA UES establishment. The company was engaging personnel.
July - August 2002. 8 sessions were held by the State Duma of the Russian Federation and 5 sessions were held by the Federation Council, which together with the Russian Federation Government comprise the tripartite working group responsible for the development of agreed draft laws on the restructuring of the electric power industry.
By July 29 all suggestions and amendments made by the members of the SD and the FC were collected (the total of 363 amendments). These amendments were discussed and then grouped into 17 principal points.
July 25, 2002. The extraordinary meeting and the general meeting of NP ATS members were held. Members of NP ATS Supervisory Board were elected. At its meeting, NP ATS Supervisory Board unanimously approved the key points of the model for reorganization of the wholesale power market in a transition period suggested by the Management Board. The following concepts were developed: the model for the transition power market; the concept of direct contracts; the concept of the accounting system and the system of financial contracts; the concept of the automated energy and energy resources monitoring and accounting system (ASKUE).
July 20, 2002. The System Operator (SO-CDA UES) and RAO "UES of Russia" entered into contract for providing paid dispatching services.
July 11, 2002. At its meeting, the ATS Supervisory board approved basic principles of financial arrangements in the wholesale market free trade sector.
July 4, 2002. SO-CDA UES opened the account in Eurofinance bank. The notification was sent to the Ministry for Antimonopoly Policy on the establishment of SO-CDA UES.
June 27, 2002. SO-CDA UES was put on file with the Ministry of Taxation of the Russian Federation.
June 25, 2002. The Federal Grid Company of the Unified Energy System (FGC UES) was established. This company is one of the key elements of the wholesale market infrastructure.
June 17, 2002. SO-CDA UES was registered in the Moscow Registration Chamber. The company was given a registration certificate ¹ 001.025.494. The Article of Association and the company stamp were also registered.
June 14 and June 21, 2002. The RAO UESR Board of Directors approved restructuring projects for Orenburgenergo, Ivenergo, Belgorodenergo, Lipetskenergo, Rostovenergo, Omskenergo, Kolenergo, Kurskenergo, Pskovenergo, Yantarenergo, and Udmurtenergo.
May 14, 2002. The RAO UESR Board of Directors approved restructuring projects for Tulenergo, Orelenergo, Kalugaenergo, and Bryanskenergo with their subsequent interregional integration.
April 27, 2002. The Head of the Cabinet of Ministers signed the Russian Federation Government Resolution on presenting the package of laws on the restructuring of the power industry to the State Duma.
April 26, 2002. The Appraisal Committee under the RAO UESR Board of Directors was established by the RAO UESR Board of Directors' decision concerning the question of the unified approach to the appraisal of RAO "UES of Russia" and its subsidiaries during the restructuring period.
April 10, 2002. Anatoly Chubais, the Chairman of the RAO UESR Management Board, signed the order ¹200 "On the Goals of Implementation of AO-Energo Restructuring Projects in 2002", which confirms the "basic" model for the restructuring of the RAO UESR subsidiaries.
April 5, 2002. The Russian Federation Government Resolution ¹ 471-r amended the Russian Federation Government Resolution ¹ 1040-r "The Plan of Measures to be Taken in the First Place in the Course of Restructuring of the Russian Power Industry".
April 2, 2002. The Russian Federation Government approved the "Basic Principles, According to Which Prices for Electric and Thermal Power are Formed in the Russian Federation".
March 6, 2002. The RAO UESR Board of Directors approved the basic model for the restructuring of subsidiaries of RAO "UES of Russia", which contains the main principles of regional energy companies' restructuring.
February 28, 2002. At its meeting, the Russian Federation Government approved the draft laws on restructuring of the electric power industry, which were presented to the Government by federal executive bodies responsible for the preparation of these laws.
February 22, 2002. The Russian Federation Government presented to the State Duma the draft of amendments and additions to be made to the Federal Law "On State Regulation of Tariffs for Thermal and Electric Power in the Russian Federation".
December 27, 2001. At its meeting, the Russian Federation Government approved the draft of the Federal Law "On Amendments and Additions to the Federal Law "On State Regulation of Tariffs for Thermal and Electric Power in the Russian Federation".
December 21, 2001. The Russian Federation Government issued Resolution ¹ 881 of December 21, 2001 "On Criteria for the Assignment of Trunk Power Transmission Lines and Electric Grid Facilities to the Unified National (All-Russian) Power Grid."
December 19, 2001. RAO "UES of Russia" issued the Order ¹ 726 "On the Interaction between Regional Executive Authorities and RAO "UES of Russia" during the Restructuring Period". Under this document, RAO "UES of Russia" should act in coordination with regional authorities when reorganizing regional energy companies.
December 17, 2001. The Russian Federation Government issued Resolution ¹ 873 of December 17, 2001 "On the Russian Federation Government Committee for the Electric Power Industry Restructuring", pursuant to which a special Committee was established to control the restructuring process in the electric power industry.
November 28, 2001. The Minister for Economic Development and Trade received suggestions concerning the establishment of
wholesale generation companies.
November 23, 2001. The meeting of founders of the Administrator of Trading System of the Wholesale Power Market (ATS) was held. 28 organizations (both power producers and consumers) acted as founders of the company. It was the first step towards creation of the wholesale power market infrastructure.
November 21, 2001. RAO "UES of Russia" and the administration of the Belgorod region signed the Agreement on the restructuring of the Belgorod region energy complex. The Agreement implies creation of two open joint-stock companies – subsidiaries of Belgorodenergo. The RAO UESR Board of Directors considered the restructuring project for Belgorodenergo twice, and so did the Committee on restructuring under the RAO UESR Board of Directors.
November 21, 2001. By its decision, the Committee on restructuring approved guidelines for AO-Energo companies to be kept in mind when preparing restructuring requests.
November 9, 2001. At its meeting, the RAO UESR Board of Directors unanimously approved the decision to establish the Federal Grid Company (FGC) in January 2002. RAO "UES of Russia" will be the only founder of the company. Pursuant to the suggestion made by the Government, the Board of Directors decided to establish FGC as an open joint-stock company. Previously the question of the establishment of FGC was discussed by the Committee on restructuring under the RAO UESR Board of Directors.
Pursuant to the Russian Federation Government Resolution ¹ 526 of July 11, 2001 "On the Restructuring of the Electric Power Industry of the Russian Federation", the creation of FGC is one of the key elements of the new structure of the Russian power market.
November 2001. The new procedure for implementing AO-Energo restructuring projects was developed, which includes the following components:
The RAO UESR Project Committee
The Committee on Restructuring
The RAO UESR Management Board
The RAO UESR Board of Directors.
October 17, 2001. RAO "UES of Russia" issued the Order ¹ 563 "Measures for the Restructuring of AO-Energo Companies".
September 28, 2001. The RAO UESR Board of Directors approved priority activities of the company during the first stage of restructuring in 2001-2004, and the principles according to which measures for restructuring of the RAO UESR subsidiaries should be taken. Besides, the Board decided to participate in the establishment of the Administrator of Trading System (ATS) of the Wholesale Power Market.
August 31, 2001. The Committee on restructuring under the RAO UESR Board of Directors was created by the decision taken by the Board. David Herne, the representative of minority shareholders and the Member of the Board of Directors, became the head of this consultative body.
August 3, 2001. The RAO UESR Board of Directors approved the activities held by the RAO UESR Management Board during the preparatory stage of restructuring. Among them were the following issues: improvement of business planning, budgeting, accounting policies, personnel management, the separate financial accounting system (peculiar for different activity types).
August 3, 2001. M. Kasyanov, the Prime Minister of the Russian Federation Government, signed the Resolution ¹ 1040-r "The Plan of Measures to be Taken during the First Stage of Restructuring of the Electric Power Industry in the Russian Federation".
July 11, 2001. The Chairman of the Russian Federation signed the Resolution ¹ 526 "On the Restructuring of the Electric Power Industry of the Russian Federation," which launched the large-scale structural reform of the Russian power sector.
May 19, 2001. At its meeting, the Russian Federation Government considered the draft of main directions of the power industry reform in the Russian Federation, presented to the Government by the Ministry for Economic Development and Trade. The recommendations and estimations provided by the international consulting company Arthur Andersen were widely used in preparation of the draft. Taken as a whole, the document was approved.
May 16, 2001. The final variant of the report on the single concept for the restructuring of the Russian power industry was sent to Vladimir Putin, the president of the Russian Federation. The report was prepared by the working group under the State Council with all opinions of the representatives of the Ministry for Industry and Energy and the RAO UESR management taken into account.
May 15, 2001. The working group of the State Council Presidium under the supervision of V.M. Kress, the Governor of the Tomsk region, approved the draft concept for the restructuring of the Russian power sector.
April 2001. The Ministry for Industry and Energy developed the plan of priority measures for the restructuring of the power industry, i.e. "The Main Directions of the State Policy Regarding the Restructuring of the Russian Power Sector". The draft of this document was submitted for consideration by the Russian Federation Government.
April 6, 2001. The consulting company Arthur Andersen presented the final report on the restructuring of the power complex, which includes its own recommendations that may be useful in this field.
February 10, 2001. The Russian Federation Government and the international consulting company Arthur Andersen, which won the tender and was chosen as a consultant in the field of power industry restructuring, concluded a contract.
January 11, 2001. The Chairman of the Government extended the term during which the draft of the main directions of the power industry reform should be improved. The event was postponed till April 15, 2001, taking into account the fact that the session of the Cabinet of Ministers will consider this draft only in May 2001.
January 7, 2001. Pursuant to the Russian Federation Government Resolution, the working group for restructuring of the Russian power industry was created under the Presidium of the State Council. V.M. Kress, the Governor of the Tomsk region, became the head of the group. The group comprised representatives of the sectoral ministries and departments, regions, scientific organizations, management and shareholders of RAO "UES of Russia". The group was commissioned with the task of discussing alternative models for the restructuring of the power sector and preparing the report on the single restructuring concept to be presented to the President and Government of the Russian Federation no later than April 15. In January and February meetings of the group were held.
January 6, 2001. The Chairman of the Russian Federation Government held a meeting, where the decision was taken to take notice of the draft of suggestions concerning measures that should be the first to be taken during the preparation stage of the structural reform in the power sector. The draft was developed by the Ministry for Industry and Energy.
December 15, 2000. The meeting of the Russian Federation Government was held. At the meeting, the Government adopted the draft resolution "The Main Directions of the State Policy for Restructuring the Electric Power Industry of the Russian Federation" suggested by the Ministry for Economic Development of the Russian Federation. The draft was adopted as the basis for further updating and development. The list of high-priority measures to be taken during the preparatory stage of the structural reform should be presented to the Government in a two-week period. The Government found it necessary to engage an international consulting company to develop the document. This company is required to have the consulting experience in this field, having consulted at least two foreign countries.
November 21 and December 6. The Chairman of the Russian Federation Government held several meetings, where main directions and principles of the structural reform of the electric power industry were discussed. Representatives of RAO "UES of Russia" also participated in the discussion, which took place at the Center for Strategic Planning. Other issues were also discussed at the meeting, including the current situation in the electric power industry, problems of the sector development, and the new structure of the power market.
November 14, 2000. At its meeting in Brussels, the investment group of the European Energy Charter Secretariat voiced their support for the conceptual approach to power industry restructuring in the Russian Federation.
October 17, 2000. At the parliamentary hearings, the members of the State Duma noted the necessity to restructure the Russian power industry.
July 26, 2000. The Russian Federation Government issued Resolution ¹ 1072 "The Plan of Actions to be Taken by the Russian Federation Government with Regard to Social Policies and Economy Modernization in 2000-2001." Under this document, the main objectives related to the RAO UESR restructuring are as follows:
to solve the problem with nonpayments in the electric power industry;
to ensure full organizational and financial transparency in the activity of enterprises operating in the electric power industry;
to create conditions for the setting of such tariffs for electric and thermal energy that ensure full compensation of reasonable expenses; to gradually bring prices and tariffs to revenue-based financing levels; to reduce cross-subsidization;
to develop the unified federal grid infrastructure;
to participate in the establishment of the electric power market's technological infrastructure;
to ensure conditions for a nondiscriminatory access of independent power producers to the power market.
Each of the above-mentioned measures is accompanied by the development and implementation of an action program in accordance with the objectives related to the restructuring of the Holding Company.
July 11, 2000. The draft concept of restructuring updated with regard to all remarks and suggestions made by the interested parties was considered by the Working Group under the supervision of V.B. Khristenko, the Deputy Chairman of the Russian Federation Government. The Group was created by the governmental order. At its meeting, the Government decided that it is necessary to work out the program of structural reforms to be implemented in the electric power industry using the RAO UESR Concept as the part of the Russian energy strategy. The Government also noted the necessity to prepare the legal and regulatory framework that could support restructuring of the power sector.
2000. The draft concept was discussed at the meetings with deputies of the State Duma Federal Assembly, at the meetings of the Federation Council of the Federal Assembly, at the meetings held by the heads of executive authorities of the Ural region, at the meetings of the Coordination Council for the Fuel and Energy Complex under the Interregional Association "Siberian Agreement", at the meetings of such companies as "Chernozemye" Association and Association of the Siberian and Far East Cities, at the meetings with the executive and legislative authorities of the Volga federal district and the Siberian federal district, at the meetings held by the Russian Academy of Sciences and by the All-Russian Electrounion and in the whole range of other organizations.
April 4, 2000. The draft concept of restructuring of RAO "UES of Russia" prepared by the company was submitted for consideration by the Board of Directors. Then, the process of improving and updating the concept started.
December 10, 1999. Pursuant to the Board of Directors' decision, Anatoly Chubais, the Chairman of the RAO UESR Management Board, was commissioned with the task of submitting the draft concept of restructuring of RAO "UES of Russia" for consideration by the Board of Directors. The working group responsible for developing this concept was created, and independent consultants having experience in reforming energy companies were engaged to take part in the process.
April 28, 1997. The President of the Russian Federation issued the Decree ¹ 497 "On Guidelines for the Structural Reform in the Field of Natural Monopolies." However, no critical decisions were made with regard to the implementation of this Decree.
russian
