Appendix _
Preliminarily approved By the resolution of the Board of Directors of “Federal Grid Company of Unified Energy Systems” Joint-Stock Company Minutes No.__ as of “__” June 2006
ANNUAL REPORT FOR 2005
“Federal Grid Company of Unified Energy Systems” Joint-Stock Company
Location: 117630, Moscow, Akademika Chelomeya Street, 5А Postal Address: 117630, Moscow, Akademika Chelomeya Street, 5А
Chairman of the Management Board A.N. Rappoport ______(signature)
Head of the Department for the Accounting and Reporting – Chief Accountant V.V. Schukin ______(signature)
2
1. GENERAL DATA ...... 4
1.1. HISTORY OF CREATION AND MAIN BUSINESS AREA ...... 4 1.2. MAIN PERFORMANCE INDICATORS ...... 5 1.3. MAIN EVENTS OF 2005...... 6 1.4. ORGANIZATIONAL STRUCTURE ...... 8 1.5. STOCK CAPITAL...... 11 2. JSC UES FGC AND REFORMING OF THE ELECTRIC POWER INDUSTRY ...12 2.1. REFORMING OF THE TRANSMISSION GRID COMPLEX ...... 12
2.2. REFORMING OF THE DISTRIBUTION GRID COMPLEX...... 13 3. CORPORATE GOVERNANCE...... 15
3.1. GENERAL DATA ON REORGANIZATION OF CORPORATE GOVERNANCE IN THE COMPANY ...... 15 3.2. BOARD OF DIRECTORS ...... 15 3.3. MANAGEMENT BOARD ...... 17 3.4. AUDIT COMMITTEE...... 18 4. KEY PERFORMANCE INDICATORS ...... 20
4.1. DESCRIPTION OF THE EQUIPMENT...... 20 4.2. PLANNING OF REPAIR ACTIVITY ...... 23 4.3. OPERATIONAL DISPATCH MANAGEMENT ...... 26 4.3.1. General data and main events...... 26 4.3.2. Losses of electric energy in the grid...... 28 4.3.3. Planning of supplies to the foreign grids ...... 29 4.4. TECHNICAL INSPECTION OVER THE CONDITION OF FACILITIES OF THE GRID AREA30 4.4.1. General data ...... 30 4.4.2. Fault rate analysis...... 32 4.4.3. Labor protection ...... 33 5. ECONOMY AND FINANCES...... 35
5.1. FINANCE MANAGEMENT...... 35 5.2. TARIFF ...... 35 5.3. SERVICES ON TRANSFER OF ELECTRIC ENERGY...... 38 5.5. ATTRACTION AND FLOATATION OF MONEY RESOURCES...... 40 5.6. MAIN COMPANY’S FINANCIAL RESULTS ...... 42 5.7. DISTRIBUTION OF PROFIT AND DIVIDEND POLICY...... 44 6. INVESTMENT ACTIVITY ...... 45 7. PURCHASING ACTIVITY ORGANIZATION...... 52 8. COMMUNICATION NETWORK DEVELOPMENT AND INFORMATION ENGINEERING CONTROL SYSTEMS ...... 55
8.1. UNITED COMMUNICATION NETWORK OF ELECTRIC POWER ENGINEERING (UCNEPE)...... 55 8.1.1. Scientific engineering activity in communication sphere ...... 55 8.1.2 UCNEPE creation and development projects ...... 56
2 3 9. Scientific and technical activity and new technologies 9.1. GENERAL INFORMATION ...... 68 9.2. Development of new instruments, systems and techniques of equipment diagnostics, operation of substations and power transmission lines 10. HUMAN RESOURCES MANAGEMENT AND SOCIAL POLICY...... 69 11. APPENDICES...... ОШИБКА! ЗАКЛАДКА НЕ ОПРЕДЕЛЕНА.
APPENDIX1 ...... 75 APPENDIX2 ...... 80 APPENDIX 3 ...... 811
3
1. General Data 1.1. History of creation and main business area The unified national (all-Russia) energy grid is the basis of the Unified Energy Grid of Russia. In conformity with Federal Law “On energy industry” as of 26.03.2006 No. 35- FZ, the unified national (all-Russia) grid (hereinafter UNG) represents a complex of electric network of facilities of grid industry beneficially owned or belonging on the basis of other grounds stipulated by the federal law to the subjects of the electric power industry and providing stable supply by the electric energy to consumers, wholesale market, and work of Russian grid system and foreign states. The design nominal class of a voltage, description of throughput, reversibility of electric energy and other technical specifications on facilities of the electric network facilities included in UNG are approved by the Government of the Russian Federation Now criteria of attribution of grid facilities to UNG approved by Governmental Order of the Russian Federation as of 26.01.2006 No. 41 are in effect. Federal Grid Company of Unified Energy System” (UES FGC) was created according to the program of reforming of electric power industry of the Russian Federation as an enterprise for the management of UNG with the purpose of its preservation and development. The unique founder of JSC UES FGC is JSC RAO UES of Russia, which possesses 100 % of shares of the company. The state registration of JSC UES FGC took place on June 25, 2002. At foundation of the company, RAO UES of Russia transferred the system forming electric network complex pertaining to the competence of UNG in the capital stock of UES FGC. JSC UES FGC is a key element of the infrastructure of the created market of the electric power. According to the applicable legislation, JSC UES FGC is also the subject of natural monopoly, and its activity is regulated by the state. The basic directions of business of the company are: - management of the Unified national (all-Russia) electric network; - granting of services to subjects of the wholesale market of electric energy on transfer of electric energy; - investment activity in the sphere of development of the unified national (all-Russia) electric network; - maintenance in proper condition of electric networks; - technical supervision over the condition of network facilities of UES of Russia
Formation of the property complex of UNG within the limits of reform of electric power industry under the uniform organizational and technological management of JSC UES FGC will allow: 5 - to strengthen the integrating role of the Uniform power system of Russia and to provide interaction of manufacturers and consumers of the electric power in the competitive wholesale market of the electric power; - to guarantee equal access of sellers and buyers to the wholesale market of the electric power; - to carry out effective state regulation of tariffs for transfer of the electric power; - to raise power safety of the state; - to contribute to carrying out of effective state external economic policy in the sphere of electric power industry
The primary goals of JSC UES FGC in 2005 were: - maintenance of reliability of work of the grid facilities related to UNG or being the property or possession of JSC UES FGC; - realization of the Strategy and Plan of UNG Development; - performance of investment programs of the Company; - realization of the program of reforming of electric power industry of the Russian Federation regarding the grid complex pertaining to UNG; - participation in development and preparation of the infrastructure of the market of the electric power; - reforming of the system of the organization of operation and repair activity in the grid complex carried out by branches of the Company
1.2. Main performance indicators
2002 2003 2004 2005 Length of transmission lines, 40900 43898 45 038 45 895 km. Amount of substations, pieces 125 128 131 136
Average list quantity of employees 9 111 9 847 10 174 11 765 working for the Company, people Proceeds (net) from sales, goods, 1 345,9 17 229,5 23 249,7 29 866,9 products, works, services, RUR million Profit (loss) before taxation, (1 803,2) 1 540,2 3 157,7 3 425 RUR million Net (unappropriated balance (loss), (1 378,6) 1 049,0 2 166,8 1 997,1 RUR million Cost of net assets, 91 064 121 615 129 121 134 729,2 RUR million
5 6
1.3. Main events of 2005
JSC UES FGC put in operation important system forming transmission lines and grid facilities, including: nd • 500 kV OL: Bureiskaya HPS – Khabarovskaya HPS (2 chain); • 110 kV OL for distribution of power of the first power facility of Kaliningradskaya TPS-2; • 220 kV OL: Volgodonskaya APS – Volgodonsk Distribution Point including 220 kV Volgodonsk DP and overhangs of 220 kV OL: Volgodonskaya TPS-2 – Zimovniki; • Shunt reactor of 180+60 MVAr capacity was put into service at Zarya 500 kV Substation; • Shunt reactors were put into service accordingly at 500 kV Chuguevka substation (180+60 MVAr) and 500 kV open distribution unit of Primorskaya SDPS (180 MVAr).
The investment program of JSC UES FGC coordinated for 2006 The Investment program of JSC UES FGC coordinated for 2006 was considered by the Board of Directors of JSC UES FGC on June 8, 2005. Modified according to the assignment of the Board of Directors, the investment program in the volume of RUR 32 111 million was coordinated in September 2005 according to the established procedure with the Federal Tariffs Service, the Ministry of Economic Development and Trade of Russia and was approved by the Government of the Russian Federation in October 2005 (Minutes of the meeting as of 06.10.2005 No. 39).
JSC UES FGC received a credit rating On December 12, 2005, Standard and Poor's rating agency gave "B +" credit ratings to JSC UES FGC according to the international scale, having changed the forecast from "stable" to "positive", and " ruA + " according to the Russian scale.
In 2005 JSC UES FGC carried out 2 issues of bonded loans for the total sum of RUR 14 billion In the second half of 2005, JSC UES FGC continued realization of the program of loans, and by the end of 2005 it increased the volume of borrowed funds in the structure of liabilities of the balance up to RUR 19.8 billion. Civil-engineering designs and modernization of transmission lines and substations were financed due to these means. With a view of optimization of structure of borrowed funds, increase in terms of attraction and decrease in expenses on servicing of the debt, JSC UES FGC carried out 2 issues of bonded loans with the following indicators:
6 7 - 2nd series – date of floatation: June 28, 2005, the sum: RUR 7 billion, term of repayment: June 22, 2010, with payment of long coupon revenue under the rate of 8,25% annual; - 3d series – date of floatation: December 16, 2005, the sum: RUR 7 billion, term of repayment: December 12, 2008, with payment of long coupon revenue under the rate of 7,1% annual.
The resolution on increase in the authorized capital of JSC UES FGC was taken The Board of Directors of JSC RAO UES of Russia (Minutes No. 208 as of 21.11.2005), which carry out functions of the general meeting of shareholders of JSC UES FGC took the resolution to increase the authorized capital of JSC UES FGC by floatation of additional ordinary registered shares in the amount of 160 000 000 000 (one hundred sixty billion) pieces with par value of 50 (fifty) copecks each for the total sum of RUR 80 000 000 000 (eighty billion).
The procedure of isolation of UNG facilities changed With a view of optimization of the schedule of reforming of the grid complex of the “Energo” joint-stock companies related to UNG, the Board of Directors of JSC RAO UES of Russia (Minutes No. 188 as of 25.02.2005) cancelled the order of formation of the inter-regional transmission grid companies (ITGC) approved earlier on the basis of the transmission grid of “Energo” joint-stock companies, and approved the new procedure of isolation of UNG facilities, providing:
- Transfer to the transmission grid companies (TGC), which are being spun off by reorganization of “Energo” joint-stock companies, of the facilities of the grid complex of “Energo” joint-stock companies related to UNG, according to the dividing balance; - conclusion in 2005 of contracts of use of UNG facilities belonging to “Energo” joint-stock companies with one of the seven inter-regional transmission grid companies (JSC ITGC Center) before TGC spinning-off; - Transfer since 2006 of UNG facilities belonging to TGC, to the use by JSC UES FGC with the establishment for JSC UES FGC of the tariff for services on transfer of electric energy; - inclusion of TGC shares belonging to JSC RAO UES of Russia, formed at “Energo” joint-stock companies reorganization (in the volume of 100 % minus 1 share for 100 % affiliated and dependant companies of RAO UES of Russia), in the authorized capital of JSC UES FGC; - joining of TGC in the process of their spinning-off from “Energo” joint-stock companies to one company of ITGC (JSC ITGC Center), to which other ITGCs are simultaneously joining.
In execution of the specified resolution, in 2005 the schedule of contractual relations on transfer of UNG facilities of “Energo” joint-stock companies to the
7 8 use by JSC ITGC Center is realized, and 44 TGC were created on the basis of the transmission grids of “Energo” joint-stock companies.
Resolution on transfer of IDGC shares in confidential management by JSC UES FGC was taken With a view of construction of the centralized management by the distribution network complex, maintenance of its reliability, effective functioning and development during reforming of the electric power industry, the Board of Directors of JSC RAO UES of Russia (Minutes No. 209 as of 25.11.2005) adopted a resolution on transfer of IDGC shares to confidential management by JSC UES FGC. Within the limits of the procedure of additional issue of IDGC shares, JSC RAO UES of Russia will include DGC shares belonging to the Company in the authorized capital if IDGC.
46 DGC were created
During division of “Energo” joint-stock companies by kinds of activity (generation, selling, transfer and dispatching of the electric power) on the basis of the property complex of distribution networks, in 2004 four distribution network companies (DGC) were created, 46 such companies were created in 2005. Thus, by the end of 2005, more than 80 % from the total number of DGC were created during reforming.
Control system in the Executive Body of JSC UES FGC As a result of full-scale reorganization, certain key competences and functional directions of the company were determined. The following control system units were singled out as basic ones: the grid Management Unit (the basic competence is management by assets), the Unit of Operator of the grid and services, the Operation and Repair Unit, and service units of financial activity and corporate management.
1.4. Organizational structure The structure of JSC UES FGC as of the end of 2005 included the executive body, 8 branches of "Transmission Grid" (TG), 37 branches of the "Enterprise of the Transmission Grid" (ETG), branch (educational center) “Bely Rast” specialized industrial base, branch Management for the construction of facilities of power of Sochi city, branch “Elektroservis”, 6 branches of “Elektroservis” (special design bureau (SDB)), 7 branches of the "Regional centers of technical inspection ".
The operative management of activity of created branches of Enterprise of the Transmission Grid is assigned to the Transmission Grids and branches of SDP – to Elektroservis. The competence of branches of JSC UES FGC - TG and Elektroservis includes - Rendering of services on transfer and distribution of electric energy; - Rendering of services on connection to electric networks;
8 9 - Rendering of services on gathering, transfer and processing of the technological information, including the data on measurements and accounting; - Diagnostics, operation, repair, reconstruction, re-equipment and capital construction of electric networks and other facilities of the electric grid area, as well as their technological management; - Development of electric networks and other facilities of the electric grid area, including designing, engineering researches, construction, reconstruction, modernization, installation and adjustment.
The basic functions of branches of JSC UES FGC - Regional centers of technical inspection are:
- Control over diagnostics, operation, repair of electric networks and other grid facilities and other process equipment connected with functioning of the grid facilities, as well as technological management by it; - Estimation of efficiency and sufficiency of long-term forecasts, long-term and current plans of development, target complex scientific and technical programs; - Control over operation of the fire-dangerous industrial facilities connected with functioning of the grid facilities; - Organization and control over activity on prevention and suppression of fires, installation, repair and service of means of maintenance of fire safety of buildings and constructions connected with functioning of the grid facilities; - Realization of the technological control, carrying out of examination of industrial safety and a labor safety on the grid facilities.
Within the limits of optimization of management and organizational structure of JSC UES FGC, in 2005 the Board of Directors of JSC UES FGC made the resolution on: 1. Liquidation of the Branch of JSC UES FGC - Management for the construction of power facilities of Sochi city (Minutes as of October 11, 2005 No. 27) - in connection with readiness for acceptance in operation by the Kuban enterprise of Transmission Grid of 220 kV transmission lines – Dagomys-PSOU and networks of the UNG of the Sochi region, and also in connection with reduction of the investment program on construction of power facilities in Sochi 2. Creation of the branch of JSC UES FGC - Leningrad Enterprise of the Transmission Grid (Minutes as of December 21, 2005 No. 28) with a view of support of appropriate operation of the UNG facilities accepted for repair and operational maintenance from JSC Lenenergo.
9 Structure of OAO “Federal Grid Company of the Unified Energy System” General meeting of shareholders Board of Directors of OAO RAO “UES of Russia As of 01.01.06 “
Board of Directors
Executive Chairman of Management Board Machinery Rappoport A. N. Management Board
Subsidiaries of JSC UES FGC – distribution grids
North-West Volga distribution Ural distribution Siberia distribution Western Siberia Far East distribution Center distribution grids distribution grids South distribution grids grids grids grids distribution grids grids
Subsidiaries of JSC UES FGC – distribution grid companies
Valdayskoye Bryanskaya Stavropolskaya Verkhne-Volzhskaya Sverdlovskaya Krasnoyarskaya Khanty-Mansiyskaya Amurskaya Verkhne-Donskaya Vyborgskaya Kubanskaya Sredne-Volzhskaya Chelyabinskaya Zabaikalskaya Tyumenskaya Primorskaya Volgo-Donskaya Karelskoye Rostovskaya Samarskaya Permskaya Kuzbasskaya Yamalo-Nenetskaya Khabarovskaya Far East Production and Volgo-Okskaya Novgorodskaya Energy facilities Nizhne-Volzhskaya Orenburgskaya Omskaya overhaul Company construction Vologodskaya Management. Sochi City West-Siberian Moskovskaya Khakasskaya Nizhegorodskaya Priokskaya Chernozemnaya “Beliy Rast” Substation Subsidiary of JSC UES FGC – Electrosetservice
Subsidiaries of JSC UES FGC – specialized production facilities
Electrosetremont Novgorodskaya Southern Sredne-Volzhskaya Novosibirskaya Mikhailovskaya Subsidiaries of OAO “RGC UES” – Regional Technical Inspection Centers (RTIC) Center RCTI North-West RCTI South RCTI Volga Center Ural RCTI Siberia RCTI Far East RCTI
1.5. Stock capital
The capital stock of JSC UES FGC equals RUR 121 607 241 779.5 (one hundred twenty one billion six hundred and seven million two hundred forty one thousand seven hundred seventy nine rubles and 50 copecks), which is divided into 243 214 483 559 pieces of ordinary registered shares with par value of 50 copecks each. The Board of Directors of JSC RAO UES of Russia (Minutes No. 208 as of 21.11.2005), which exercise functions of the general shareholders meeting of JSC UES FGC, adopted the resolution to increase the capital stock of JSC UES FGC by floatation of additional ordinary registered shares in the amount of 160 000 000 000 (one hundred sixty billion) pieces with par value of 50 (fifty) copecks each for the total sum of RUR 80 000 000 000 (eighty billion). Way of floatation is closed subscription; the persons, the shares are supposed to be floated among are JSC RAO UES of Russia. Price of floatation is 50 (fifty) copecks (the price of floatation was determined by the Board of Directors of JSC UES FGC in conformity with Articles 36, 77 of Federal Law "On joint-stock companies”). In conformity with the plan of consolidation of facilities of UNG of “Energo” joint-stock companies approved by the Board of Directors of JSC RAO UES of Russia, (Minutes No.188 as of 25.02.2005), and in execution of Article 4 of Federal Law as of 26.03.2003 No. 36-FZ “On peculiarities of functioning of the electric power during the transitional period…”, the shares of TGs created at reorganization of “Energo”-JSC, belonging to RAO UES of Russia, will be transferred to the capital stock of JSC UES FGC. Besides, it is supposed to transfer the grid property of JSC UES RAO owned by the unified national (all-Russia) electric network for payment of additional shares of JSC UES FGC, and money resources.
By Order of the Government of the Russian Federation as of 11.07.2001 No. 526, by Federal Law as of 26.03.2003 No. 35-FZ “On electric power industry”, Federal Law as of 26.03.2003 No. 36-FZ “ On peculiarities of functioning of the electric power during the transitional period and on amendments to certain legislative acts of the Russian Federation and declaration invalid of certain legislative acts of the Russian Federation in connection with approval of Federal Law “On electric power industry” and Strategy Concept of RAO UES of Russia for 2003-2008, provision of direct participation of the State in the capital stock of JSC UES FGC on the level of not less than 52 per cent by the moment not later than on the date of termination of the electric power branch reforming period is stipulated. Later, according to the applicable legislation, there should be a further increase in stake of the state in the authorized capital of JSC UES FGC up to 75 percent plus one voting share.
2. JSC UES FGC and reforming of the electric power industry 2.1. Reforming of the transmission grid complex Within the limits of reforming of the electric power industry, carrying out of consolidation under control of JSC UES FGC of the electric network complex related to UNG is stipulated According to Federal Law as of 26.03.2003 No. 36-FZ “On peculiarities of functioning of the electric power during the transitional period…”, the shares of transmission grid companies created at reorganization of “Energo”-JSC, belonging to RAO UES of Russia, will be transferred to the capital stock of JSC UES FGC. With a view of optimization of the schedule of reforming of the grid complex of the “Energo” joint-stock companies related to UNG, the Board of Directors of JSC RAO UES of Russia (Minutes No. 188 as of 25.02.2005) cancelled the order of formation of the inter-regional transmission grid companies (ITGC) approved earlier on the basis of the transmission grid of “Energo” joint-stock companies, and approved the new procedure of isolation of UNG facilities, providing: - Transfer to the transmission grid companies (TGC), which are being spun off by reorganization of “Energo” joint-stock companies, of the facilities of the grid complex of “Energo” joint-stock companies related to UNG, according to the dividing balance; - conclusion in 2005 of contracts of use of UNG facilities belonging to “Energo” joint-stock companies with one of the seven inter-regional transmission grid companies (JSC ITGC Center) before TGC spinning-off; - Transfer since 2006 of UNG facilities belonging to TGC, to the use by JSC UES FGC with the establishment for JSC UES FGC of the tariff for services on transfer of electric energy; - inclusion of TGC shares belonging to JSC RAO UES of Russia, formed at “Energo” joint-stock companies reorganization (in the volume of 100 % minus 1 share for 100 % affiliated and dependant companies of RAO UES of Russia), in the authorized capital of JSC UES FGC; - joining of TGC in the process of their spinning-off from “Energo” joint-stock companies to one company of ITGC (JSC ITGC Center), to which other ITGCs are simultaneously joining.
In execution of the specified resolution, in 2005 the schedule of contractual relations on transfer of UNG facilities of “Energo” joint-stock companies to the use by JSC ITGC Center is realized, and 44 TGC were created on the basis of the transmission grids of “Energo” joint-stock companies.
Also, in the end of 2005 there were concluded the contracts for the uses of facilities of the grid area, according to which JSC ITGC Center as of 01.01.2006 transfers the UNG facilities received in use on 53 power supply systems to the use (subrent) of JSC UES FGC. Besides, direct contracts for the transfer of the UNG facilities to the use of JSC UES FGC were concluded with three “Energo” joint-stock companies. 13
From 01.01.2006 for JSC UES FGC, the tariff for the services on transfer of the electric energy on the UNG facilities was established. Shares of TGC (Transmission Grid Company) will be transferred to the capital stock of JSC UES FGC during 2006 and 2007 after carrying out of estimation of their market cost and acceptance by controls of JSC RAO UES of Russia and JSC UES FGC of the decisions connected with purchase of the specified shares by JSC UES FGC. Simultaneously in 2006 it is supposed to begin reorganization in the form of connection to ITGC Center of TGC registered in 2005. For connection to TGC registered after 01.01.2006, repeated reorganization of ITGC Center is planned in 2007.
2.2. Reforming of the distribution grid complex During division of “Energo” joint-stock companies by kinds of activity (generation, selling, transfer and dispatching of the electric power) on the basis of the property complex of distribution networks, in 2004 four distribution network companies (DGC) were created, 46 such companies were created in 2005. Thus, by the end of 2005, more than 80 % from the total number of DGC were created during reforming of the regional grid companies. According to the Concept of Strategy of JSC RAO UES of Russia for 2003-2008, approved by the Board of Directors of JSC RAO UES of Russia, regional grid companies (RGC) at the stage of their interregional integration should be incorporated in the holding companies - interregional distribution grid companies (IDGC). At reorganization of JSC RAO UES of Russia, spinning-off of the company owning by shares of IDGC is planned with preservation of the structure of the share capital of IDGC', corresponding to that of JSC RAO UES of Russia. In execution of the resolution of the Board if Directors of JSC RAO UES of Russia (Minutes as of 23.04.2004 No. 168), the following IDGC were created in 2004- 2005: • JSC IDGC of Center and North Caucasus; • JSC IDGC of the North-West; • JSC IDGC of the Ural and Volga; • JSC IDGC of Siberia. At the first stage, IDGCs were created as 100% affiliated companies of JSC RAo UES of Russia. Later, within the limits of the procedure of additional issue of shares of IDGC, JSC RAO UES will include shares of DGC belonging to the Company in exchange for additional shares of IDGC. After the end of all basic actions on reforming of the RAO UES holding and formation of target structure of branch, it is supposed that the State can make the strategic decision on disposal of share holdings of the distribution grid companies proceeding from the purposes of the state economic policy.
For building of the centralized management by the distribution grid complex, maintenance of its reliability, effective functioning and development during reforming of the electric power industry, the Board of Directors of RAO UES of Russia (Minutes
13 14 as of 25.11.2005 No. 209) made a resolution on transfer of IDGC shares to the confidential management of JSC UES FGC.
14 3. Corporate governance 3.1. General data on reorganization of corporate governance in the Company JSC UES FGC is a open joint-stock company, the structure and competence of controls of which is defined by the Federal Law "On joint-stock companies" and the Charter. The existing system of corporate governance in JSC UES FGC is based on the uniform corporate standards, focused on increase in efficiency of operational activity of the Company and realization of strategy of reforming of the grid complex The supreme body of management of JSC UES FGC is general meeting of shareholders, which functions are executed by the Board of Directors of JSC RAO UES of Russia. During the period between the meetings, the unique shareholder - JSC RAO UES of Russia - delegates powers on management of the Company to the Board of Directors of the Company. Maintenance of operative management by the company is carried out by the sole executive body - Chairman of the Management Board and the collegial executive body – the Management Board, elected by the Board of Directors. For control of financial and economic activity of JSC UES FGC, general meeting of shareholders annually elects the Audit Committee consisting of 5 people. The purposes and problems of activity of JSC UES FGC as a company playing a role of the organization for the management of the UNG, fixed in the Federal law "On electric power industry”, provided a number of features of structure of management of JSC UES FGC, reflected in charters of JSC RAO UES of Russia and JSC UES FGC. In particular, the Board of Directors of RAO UES of Russia makes the decision concerning the competence of the general meeting of shareholders of UES FGC , defined by the charter of JSC UES FGC and coordinates nominees for the posts of Head and members of the collegial executive body of FGC. The general annual meeting of shareholders of FGC, which took place on June 24, 2005, approved the annual report of the Company, the auditor of the Company, and elected compositions of the Board of Directors and the Audit Committee of the Company.
3.2. Board of Directors The Board of Directors of JSC UES FGC carries out the general management of activity of the Company and operates within the limits of the competence determined by the Charter of the Company and Regulations about the Board of Directors of JSC UES FGC. The structure of the Board of Directors elected at the general meeting of shareholders, which took place on June 24, 2005, was not changed in comparison with the structure of the Board of Directors elected at the previous general meeting of shareholders, which took place on June 25, 2004. There are 5 representatives of the State and 4 representatives of RAO UES of Russia in it. The Board of Directors held 9 meetings for the expired period; more than 58 items were considered at them.
16 In 2005 the Board of Directors accepted a number of the important decisions, including those connected with the approval of the investment program of the Company; issue of additional ordinary shares of FGC, issue of bonds of FGC, participation of FGC in JSC Sangtudinskaya HPS-1, JSC MUS Energetiki, JSC Nurenergo, JSC UC Energetiki, performance of actions on prevention of the critical situations connected with power supply of consumers, attraction of extra means from the European Bank with a view of realization of the Program of complex modernisation of electric networks of JSC UES FGC for 2004-2012 and others.
Composition of the Board of Directors (Board of Directors elected on 24.06.2005 and 25.06.2004)
Chairman of the Board of Directors Viktor Borisovich Khristenko - Minister of Industry and Energy of the Russian Federation
Vice-Chairman of the Board of Directors Anatoly Borisovich Chubais - Chairman of the Management Board of RAO UES of Russia
Members of the Board of Directors
Boris Ilyich Ayuev - Member of the Management Board of RAO UES of Russia, Chairman of the Management Board of JSC UES SO-CDA
Alexander Stalievich Voloshin - Chairman of the Board of Directors of RAO UES of Russia
German Oskarovich Gref - Minister for Economic Development and Trade of the Russian Federation Sergey Nikolaevich Ivanov - First Deputy of General Director of Rosenergoatom Concern (Russian state concern for the production of the electric and thermal power at the atomic plants)
Dmitry Valerievich - Chairman of ATS nonprofit enterprise Ponamarev
Andrey Natanovich Rappoport - Member of the Management Board, Managing director of JSC RAO UES of Russia (business unit of the Network), Chairman of the Management Board of UES FGC
16 17 Yury Arkadievich Udaltsov - Member of the Management Board of RAO UES of Russia, Head of the Center of the Reform Management of RAO UES of Russia
3.3. Management Board The management of current activity of the Company is carried out by the sole executive body - Chairman of the Management Board of the Company and the collegial executive body – the Management Board of the Company The Management Board and Chairman of the Management Board of the Company are accountable to the general meeting of shareholders and the Board of Directors of the Company
Composition of the Management Board
Chairman of the Management Board
Andrey Natanovich Rappoport
Formation of strategy and purposes of development of the Company on economic and financial matter, accounting and reporting, industrial and commercial activity, personnel, scientific and technical, investment and corporate policy, safety, legal maintenance of activity of the Company, organization of activity of the Company
First Deputy Chairman of the Management Board
Alexander Nikolaevich Chistyakov
Formation and realization of investment policy of the Company, scientific and technical policy of the Company, management of assets, technologies, including information technologies, formation of effective business of the distribution grid companies (IGDC and DGC)
Deputies Chairman of the Management Board Viktor Alekseevich Vasiliev
Formation and realization of policy on operation and repair of UNG facilities
Dmitry Vladimirovich Vasiliev
Organization of financial and economic processes in the Company, maintenance of financial efficiency of the Company
17 18 Vladimir Valerianovich Dorofeev international cooperation and strategic planning of the Company, interaction with subjects of the market concerning the organization of development of the UNG, organization of activity of the Design Group of the Scientific and Technical Center
Mikhail Yurevich Tuzov
realization of corporate policy and legal maintenance of activity of the Company, organization of the personnel management, organizational designing and development of the Company and ADC (affiliated and dependent companies)
Member of the Management Board, Director for the Management of Assets and Investments*
Aleksey Viktorovich Maslov organization of processes of investment and construction of the Company’s facilities
* The Board of Directors of UES FGC on 11.10.2005 (Minutes 27) approved election of A.V. Maslov, Director for the management of assets and investments to the structure of the Management Board of the Company
3.4. Audit Committee
For control of financial and economic activity of the Company, the general meeting of shareholders annually elects the Audit Committee. The quantitative structure of the Audit Committee of the Company equals 5 people.
Composition of the Audit Committee
(Audit Committee elected on 24.06.2005) 1. Sergey Borisovich Sidorov - Head of the Department for the financial audit of JSC RAO UES of Russia 2. Mikhail Afanasievich Morozov - Deputy Head of the Department for the internal audit of the Corporate Center of JSC RAO UES of Russia, Head of the Branch for the audit
3. Andrey Vladimirovich Gabov - Head of the Department for the corporate governance of the Corporate Center of JSC RAO UES of Russia 4. Anatoly Valerievich Borisov - Chief of the Directorate for the financial Control and internal
18 19 audit of JSC UES FGC 5. Marina Alekseevna Lelekova - Leading Expert of the Directorate for the financial control and internal audit of JSC UES FGC
(Audit Committee elected on 25.06.2004) 1. Sergey Borisovich Sidorov - Head of the Department for the financial audit of JSC RAO UES of Russia 2. Viktor Mikhailovich Myasnikov - Deputy Head of the Department for the financial control and audit of the Federal Agency for the Federal Property Management 3. Yury Alekseevich Pomerantsev - Chief Expert of the Department for the financial audit of JSC RAO UES of Russia 4. Elena Yurievna Ryzhova - Chief Expert of the Department for the accounting and reporting of JSC UES FGC 5. Anatoly Valerievich Baitov - Deputy Head of the Directorate for the financial control and internal audit of JSC UES FGC
19 4. Key performance indicators 4.1. Description of the equipment In 2005 JSC UES FGC provided functioning of 364 overhead transmission lines (OL) (220kV-1150kV) having the length along the main of 45 895.3 km, and 136 substations (SS) and separately 17 SS being the property of JSC UES FGC, open distribution units and cells of 110-1150 kV, including: Substations: • 2 SS of 1150 kV voltage and installed transformer capacity of 1002 MVA; • 8 SS of 750 kV voltage and installed transformer capacity of 20435,7 MVA; • 82 SS of 500 kV voltage and installed transformer capacity of 94204,5 МVА; • 1 SS of 400 kV voltage and installed transformer capacity of 4925,5 МVА; • 36 SS of 330 kV voltage and installed transformer capacity of 14,640,5 МVА; • 1 SS of 220 kV voltage and installed transformer capacity of 375 МVА. • 6 SS of 110 kV voltage and installed transformer capacity of 56,3 МВА. Overhead transmission lines: • 2 OL of 1150 kV voltage and length of 820,2 km; • 2 OL 800 kV voltage and length of 402,3 km; • 13 OL 750 kV voltage and length of 2971,5 km; • 195 OL 500 kV voltage and length of 31818,8 km; • 3 OL 400 kV voltage and length of 126,4 km; • 96 OL 330 kV voltage and length of 7894,2 km; • 36 OL 220 kV voltage and length of 1798,9 km. • 17 OL 110 kV voltage and length of 63 km.
Length of OL along the transmission grid (in %) from the total length of OL of 220-1150 kV voltage belonging to JSC UES FGC 21
Length of OL by classes of voltage
21 22
Quantity structure of OL by classes of voltage
Structure of substantions of JSC UES FGC by the capacity of transformers and automatic transformers
22 23
The sum of the installed capacity of supply transformers of 220-1150kV, which are mounted on SS of JSC UES FGC equaled 134 382 MVA without taking into account isolating transformers and auxiliary transformers. The sum installed capacity of supply transformers is 10-1150 kV equaled 139 945,98 MVA.
The sum installed capacity of reactors at the enterprises equaled 24 822,4 MVA.
4.2. Planning of repair activity Maintenance servicing and repair of power grid facilities of JSC UES FGC is carried out by branches of Transmission Grids and Elektroservis.
Repair of transmission lines (mainly overhead lines) were performed depending on their technical condition with observance of applicable “Rules of planning of maintenance servicing and equipment repair” (Hereinafter the “Rules”). Substations equipment repairs were performed within the time and volume stipulated by the Rules, instructions and requirements of the equipment manufacturing plants.
23 24 Volume of main repair activities (without taking into account target programs)
Unit of Designation 2004 2005 measurement Clearing of OL routes, including ha 21 037 22 663 chemical clearing Replacement of insulators at OL pieces 25 250 20 799 Repair of supports pedestals of OL pieces 4 268 4 458 Replacement of grounding cables km 491 93,4 at OL Replacement (strengthening) of OL pieces 278 451 supports Replacement of vent fingers at OL pieces 4 137 5 864 Repair of automatic transformers phase (pieces) 16 32 Repair of shunt reactors phase (pieces) 18 10 Replacement of 110 - 750 kV pieces 79 31 inputs at oil-immersed equipment Repair of switches pieces 245 265 Repair of disconnecting switches pieces 995 548 Replacement of rigid insulators pieces 3 797 218 110 - 750 kV Repair of compressors pieces 164 162 Repair of storage batteries pieces 3 8 Repair of synchronous capacitors pieces 3 -
Works in conformity with target programs were performed additionally: • “Program of equipment damaging prevention at grid facilities of JSC UES FGC” for the sum of RUR 53,1 million. • “Program of improvement of reliability of stick pedestal insulators at SS of JSC UES FGC” for the sum of RUR 259,9 million (27,9 thousand pieces). • “Program of increase in stability of the work of OL and substations at gust-and- glaze loadings” for the sum of RUR 47,3 million. • “Program of improvement of reliability and replacement of high-voltage inputs” for the sum of RUR 47,5 million (43 pieces). • “Program of modernization and replacement of switches of VGU series” for the sum of RUR 14,8 million. • “Program of replacement of grounding cable” for the sum of RUR 55,2 million. • “Program of performance of additional works for the year of 2005 on increase in reliability of the grid” for the sum of RUR 142,4 million. • “Additional list of measures on increase in reliability of the grid” for the sum of RUR 123,1 million. • “Moscow Ring Road” program for the sum of RUR 20.0 million.
24 25 Structure of repairs of the grid facilities by types of works in 2005
Structure of repairs of the grid Description of repair works facilities of JSC UES FGC by types of works (%) Works at OL 23,3
Works at SS 39,5
Buildings and constructions 12,4
Vehicles 5,5 Means of automatic control system, relay protection, branch circuit fuses, communication, automatic system of electric power commercial accounting 6,4
Other kinds of repair works 13,0
TOTAL repair works 100
Repair structure of facilities of JSC UES FGC by kinds of works
Works at OL
Works at SS 39,5
Buildings and constructions 12,4 23,3 power commercial accounting 13,0
6,4 Vehicles
5,5 Other kinds of repair works
25 26
4.3. Operational dispatch management 4.3.1. General data and main events The primary goal of JSC UES FGC in the field of operational dispatch management is maintenance of the unity of the UNG technological management , including control system of the main transmission lines uniting the majority of regions of the country. Tasks of operational dispatch management of JSC UES FGC are focused on execution of contracts on delivery of the electric power to the subjects of the market of the electric power at observance of parameters of quality of the electric power, performance of criteria of reliability of work of UES of Russia and minimization of losses on transit of the electric power through the UNG. Principles of operational dispatch management in JSC UES FGC are constructed on hierarchy of management of the subordinate level by a higher level, precise distribution of the equipment by levels of the operative subordination, well worked out system of preparation and training of the personnel The following main tasks are defined for operational dispatch management divisions of JSC UES FGC: - monitoring of the UNG condition including the control of the condition of the UNG capital equipment, analysis of operative conditions at the facilities of the UNG; - organization of operative actions for the localization of technological infringements and restoration of modes of the UNG - organization of operative service of substations, manufacture of operative switching, regime and circuit maintenance of safe manufacture of repair work- operational works in the electric networks related to the UNG; - organization of work with operation personnel, including carrying out of anti- emergency and training preparation in operative divisions of the company; -formation of settlement model of the UNG, calculation of modes and analysis of balance of the UNG electric power; - development and introduction of measures for the losses decrease
In connection with transition in 2005 of 220 kV substations from “Energo” joint- stock companies to the repair maintenance-operational servicing of JSC UES FGC, the quantity of operation personnel of JSC UES FGC serving 220-750 kV SS increased by 1588 people and equaled 2762 people.
26 27 Main events of operational dispatch management in 2005 From January, for the purpose of exclusion of the internal circulation of electric energy in the grid of JSC UES FGC caused by their peculiarities, JSC UES FGC began to use a new method of calculation of supply of the electric energy into the grid. In February, the tender was held on selection of the supplier of individual training units for operational dispatch personnel of JSC UES FGC, and the contract was concluded for development and supply of the specified training units for 114 substations, 7 transmission grids and Dispatch Service of JSC UEs FGC In February, “Method of calculation of standard (technological) losses of the electric power in the grids” was developed and approved by Order of the Ministry of Industry and Power of Russia as of February 3, 2005 No. 21. Calculations of normative losses in the UNG network for 2006 were executed and approved in the Federal Tariffs Service. From April, the dispatcher of FGC took the function of issuing of permission for the access to the works directly to the person providing access to OL. In 2005 this function was performed in all dispatch branches of transmission grids, except Transmission Grid of Siberia. In June, the dispatcher of FGC moved from the building of the executive body of JSC UES SO-CDA to the building of the executive body of FGC. In August, the Dispatch Service was organized in Transmission Grid of West Siberia. In October, at the All-Russia Meeting called “Reliability of power supply at passing of the autumn-winter period of 2005-2006 by power companies”, which was held by JSC RAO UES of Russia, the resolution was taken on the target organizational- and-functional model of UES operational dispatch management for formation of centers of management by the grid in branches of JSC UES FGC: ETG, DGCs. From November operational information center was put into service in JSC UES FGC and its branches – Transmission Grids. In November, work on preparation for participation of JSC UES FGC in the wholesale market of the electric power with a view of purchase of losses in the UNG network was held. Methods of calculation of actual balances on the UNG network were developed considering structure of the UNG network, according to Integrated certificates of the account of overflows of electric energy with contracting parties of JSC UES FGC and according to the sum of actual balances on the networks of Transmission Grid Companies and Transmission Grids. In November, the Consolidating plan of works on decrease in losses of electric energy in electric networks of all classes of voltage of UES of Russia for the period till 2008 was developed and approved in JSC RAO UES of Russia. In December, the structure of Coordination advice of RAO UES of Russia was approved for solving the problem of losses of electric energy in electric networks.
Main events of start-up facilities July 20 SR 500 kV Reactor (180 MVAr) was put into service at open distribution unit of 500 kV of Primorskaya SDPS August 9 110 kV OL was introduced between Kaliningradskaya TPS-2 –
27 28 Gvardeisk (to the sealing-off at SS Borisovo) September15 110 kV OL was introduced between SS Severnaya and Kaliningradskaya TPS-2 September 27 500 kV OL was introduced between Bureiskaya HPS and Khabarovskaya 2nd Chain September 30 110 kV OL was introduced between SS Centralnaya and ПС Kaliningradskaya TPS-2 October 3 At SS Kaliningradskaya after its reconstruction there were put under working loading 1SSh 1 330 kV, АТ-3, АТ-4 October 3 OL 500 kV were introduced between Primorskaya SDPS (LuTEK) –Chuguevka-2, АТ-1 500/220kVВ (501 MVA) and 500 kV reactor (180 MVAr) at SS Chuguevka-2 October 4 Automatic transformer АТ-4 220/110 kV (125 MVA) was introduced at SS Komsomolskaya November 28 Reactor 500 kV R-532 (180 MVAr) was put into operation at SS Zarya December 14 1 and 2 SSh 220 kV were put under loading at DP Volgodonsk December 19 Reactor ShR 500 kV R-1 (180 MVAr) and UShR 500 kV R-2 (180 MVAr) were introduced at SS Tavricheskaya; section fo OL 500 kV 534 Tavricheskaya-Sibir was out under loading (123 km); December 19 Reactor 500 kV R-3 (180 MVAr) was put in operation at SS 500 kV Altaiskaya December 19 OL 500 kV 545 Oznachnoe – Alyuminievaya, 1 SSh 500 kV, АТ-1 (500/220/10 kV, 501 MVA) were put into service at SS 500 kV Alyuminievaya December 22 New controlled bus reactor was put in operation 220 kV UShR- 220 (100 MVAr) and ShR 500 kV (180 MVAr) at SS 500 kV Khabarovskaya December 26 Put into service: OL Volgodonskaya 220 kV – Volgodonskaya APS – DP Volgodonsk with DP 220 kV and overhang of OL 220 kV Volgodonskaya TPS-2 – Zimovnikiи (37,5 km)
4.3.2. Losses of electric energy in the grid Receipt of the electric power in the network of FGC equaled 301 769,69 million kWh. 280 505,45 million kWh were supplied from the FGC network, except for supply to the trunks of power stations. Absolute losses of the electric power in the network of
28 29 FGC equaled in 2005 10 506,6 million kWh that is more than in 2004 by 280,0 million kWh. Value of losses of the electric power in 2005 concerning supply from the FGC network equaled 3,75 % against 3,86 % last year. Reduction of relative size of losses in 2005 against the last year occurred due to carrying out of organizational-technical actions including improvement of the system of the accounting of the electric power in electric networks.
4.3.3. Planning of supplies to the foreign grids JSC UES FGC in 2005 carried out its functions as to Holder of contracts about parallel work given to it by the “Temporary rules of purchase/sale of the electric power by the participants of the wholesale market for further use with a view of export/import to foreign power supply systems". JSC UES FGC participates in the planning cycle of the mode of UES of Russia regarding planning of deliveries of the electric power in foreign countries, and also calculation of sizes and initiatives of deviations of such deliveries. With a view of maximal use of capacities of the power supply system of the Far East of Russia and for maintenance of effective functioning of frontier electric power systems of Russia and the People’s Republic of China together with Joint-Stock Company "Inter RAO UES”, in 2005 the Cooperation agreement on expansion of export of the electric power in frontier areas Peoples Republic of China was prepared and signed.
Actual volume of supplies of electric power of Russia in 2005 equaled:
Country Export, million kWh Import, million kWh Ukraine 0 2829,1 Moldavia 801,7 0 Georgia 789,6 0 Azerbaijan 1002,6 275,4 Latvia 525,2 187,8 Lithuania 612,6 2954,0 Belarus 4679,9 18,5 Kazakhstan 1919,8 3859,5 China 491,9 0 Mongolia 173,9 14,9 Finland 10334,5 0 TOTAL 21331,7 10139,2
29 30
4.4. Technical inspection over the condition of facilities of the grid area 4.4.1. General data JSC UES FGC in 2005 carried out in full the complex of organizational-technical, information-methodical, supervising and preventive actions at enterprises of Transmission Grids and other facilities of electric networks of all classes of voltage directed to prevention of fires, failures and other technological infringements, increase in operational reliability of work of the equipment and the personnel, decrease in breakdown susceptibility and traumatism. The total regular number of 7 branches of OJSC UES FGC - the Regional centers of technical inspection (RCTI) in view of increase in quantity of the inspection personnel at 98 established posts accepted from DP "Energonadzor" according to the order of JSC RAO UES of Russia as of 02.12.2004 No. 707 "On transfer of functions of technical inspection to the service of distributive networks in JSC UES FGC, equaled 226,5 people, 198 of them are the inspection personnel. Now according to the decision of the Management Board of JSC UES FGC(Minutes as of 12.10.2005 No. 204) project of reforming of the technical inspection was approved and is at the stage of realization, providing creation of multilevel system of technical audit and the internal control over JSC UES FGC and business unit "Network" with clear split of functions and responsibilities, transformation of the Department for the technical inspection into the Department for the technical audit (DTA), liquidation of branches of Company of RCTI, formation of regional groups of technical audit with submission of DTA and creation of divisions of technical inspection in branches of Transmission Grids and IDGC with transfer of functions to them and translation of the corresponding number of the inspection personnel from RCTI.
Summary data on the checks of controllable electric network facilities held in 2005 are presented in the table.
Data on checks of facilities of Transmission Grids, Transmission Grid Companies and Distribution Grid Companies held in 2005
2004 2005
Data on checks TEG TG DGC total TEG TG DGC total Total number of checks 569 675 - 1244 282 469 640 1391
Amount of actions stipulated by 9351 13460 - 22811 5020 17260 25943 48223 orders including the performed ones 7224 7447 - 14671 3924 11557 16914 32395
including the actions, the term of 131 390 - 521 49 415 92 556 performance of which was deferred
30 31 Inspection personnel of RCTI at places in 2005 carried out control over realization of actions on the certificates-instructions given out during checks and operative instructions. From the total number of the planned actions on facilities of JSC UES FGC, 78,2 % were executed up to the end of 2005, 20,8 % of actions were not coordinated with the terms of realization, about1,0 % of actions were not executed in time. Principal causes of default of actions performance in time were: insufficient financing, refusal of applications for introduction of the equipment on the mode of the network, absence of materials and equipment. New terms were coordinated on all delayed actions of RCTI and control over their execution was provided. It should be noted that in 2005, in connection with activization of process of reforming of “Energo” joint-stock companies and spinning-off from their structure of the grid companies, the quantity of checks of facilities TGC and DGC held by RCTI increased, over 80 % from their number was held in facilities of 220 kV voltage and below. Thus, the basic part of checks had a complex character, a number of them were held in the form of technical audit with the purpose of estimation of a real technical condition and a level of operation of the facilities accepted in repair and maintenance servicing by TGs of JSC UES FGC. Check of branches of JSC UES FGC and TGC, IRGC, DGC an grid companies for the work during the autumn and winter period of 2005/2006 was held according to the requirements of “regulations about estimation of readiness of electric and thermal supplying organizations for the work during the autumn-winter period ", approved on 25.08.2004 by Minister of the industry and power of the Russian Federation V.B. Khristenko, and was different from good organization and insistence on high standards, performance in great voluTG of actions on readiness of main and auxiliary equipment, buildings and constructions of grids. Feature of campaign of 2005 on preparation to autumn and winter period was the fact that it was held after the failure of May 25, 2005 in the Moscow power supply system, and the enhanced attention during checks was given to questions of reliability of electric networks The work of the commissions on estimation of readiness of branches for work in autumn and winter period, stipulated by Order of FGC of 26.08.2005 No. 227, and the commissions for the estimation of readiness of TGC, IRGC, DGC and ETG stipulated according to Order on the Business-unit "Network" as of 30.08.2005 No. 202r/76r, was preceded by the checks of the course of preparation for work in autumn and winter period by the inspectors of RCTI with participation of the personnel of the enterprises. As a result of checks of the course of preparation and at work of the appointed commissions by the RCTI personnel, certificates-instructions and operative instructions were issued with total of remarks of about 5,5 thousand (in view of DGC), from which the quantity of remarks on branches of FGC equaled about 300, or 5 % from the total number. Compare: 436 remarks were issued in 2004 at similar checks of branches of FGC. From the total number of remarks in branches of FGC, the majority were eliminated operatively during carrying out of checks prior to the beginning of the autumn and winter period, including all lacks, which could influence estimation of
31 32 performance of the basic and additional conditions of delivery of passports of availability for service in autumn and winter period. According to the results of work of the commissions, all branches of TGs and Elektroservis, and also their structural divisions received passports of availability for service in autumn and winter period for 2005/2006 on the established dates. Representatives of RCTI and TGs took part in work of the commissions on check of readiness for autumn and winter period in 2005/2006 of the network companies owning facilities included in UNG.
According to Orders of RCTI, the commissions on check of readiness for autumn and winter period in 2005/2006 of 41 grid companies were created. According to the results of checks, all 41 TGC received passports of readiness, including 10 - under the coordinated decision.
In the following distribution companies received passports of readiness: - 4 IDGC; - 46 DGC, including 3 companies - under the coordinated decision; - All branches of DGC (ETG), including 7 companies – under the coordinated decision; - 11 branches (ETG) from the number of non-reformed “Energo” JSC received passports of readiness under the coordinated decision. According to the results of the checks of readiness for the autumn-winter period, in December of 2005 there was held a meeting of General Directors of TGs and some of TGC, which received passports of readiness under the coordinated decision. Tasks in view on maintenance of reliable work of electric networks at passage of a winter maximum were emphasized at the meeting. The Department of technical inspection, Department of regional planning of operation and repair, TGs, IDGC and RCTI carry out monitoring of performance at places of actions of certificates of availability for service in autumn-winter period under the coordinated decision.
4.4.2. Fault rate analysis Inspection personnel of RCTI at places carried out the control of investigation and accounting of fires and technological infringements over the work of facilities of JSC UES FGC and the main networks of “Energo” joint-stock companies related to the UNG; it supervised performance of actions on their preventive maintenance, took part in work of the commissions on investigation of almost all serious incidents. In total, in 2005, the work of intersystem electric networks of FGC faced 314 technological infringements (TI), including 8 TI on facilities of a newly formed branch - TG West Siberia (earlier these infringements were considered related to JSC Tyumenenergo), compared to 328 TI happened in 2004 (decrease by 4,3 %). There were no failures in the specified period. The number of technological infringements due to the fault of the personnel decreased from 25 (7,6 % from the total number of infringements) in 2004 up to 19 (6 %) in 2005, including 2 incidents due to the fault of the personnel in TG West Siberia.
32 33 Undersupply of the electric power from technological infringements in 2005 equaled 456,681 thousand kWh that is 1,14 tiTG larger than in 2004 (399,4 thousand kWh). The economic damage from technological infringements in 2005 is slightly lowered (by 1 %) in comparison with the last year, and equaled RUR 205,23 million. In 2005 there was an increase in the number of the technological infringements caused by switching-off of lines with unsuccessful automatic repeated engaging (ARE) - 90 compared to 84 in 2004. The analysis of the reasons of switching-off of OL for 2005 shows that growth of breakdown susceptibility is caused, first of all, by influence of extraneous persons and organizations - 29 cases compared to 15 in 2004. The total number of technological infringements on equipment of SS in 2005 decreased in comparison with the last year by 8,1 % and equaled 224 cases compared to 244 in 2004. The number of infringements is reduced by 28,2 % in the work of capital equipment of SS, including oil-immersed equipment (28 incidents compared to 39 ones in 2004), infringements in switching devices (switches and disconnecting links) decreased by 22,5 % (72 cases compared to 93). Considerably (by 35,4 %) decreased the quantity of the incidents connected with misoperation of devices of relay protection and automatics (RPA - 51 case compared to 79 cases in 2004). Within 2005 the total number of technological infringements in work of the main electric networks equaled 1076 cases (compared to 1086 cases in 2004). Due to the fault of the personnel in 2005, 97 TI occurred in 2005, 89 TI happened in 2004, the growth equaled 9 %. There were no failures in the specified period in the main network companies. Undersupply of the electric power due to technological infringements in TGs of Energo-joint-stock companies in 2005 equaled 5942,899 thousand kWh that is 3,8 tiTG less than in 2004 (22599,336 thousand kWh). The economic damage due to technological infringements in 2005 lowered 1,9 tiTG in relation to 2004 and equaled RUR 58,97 million. In 2005, facilities of UES FGC faced 16 fires (6 are connected with damage of the process equipment of substations and 10 occurred in security zones of OL). Compare: in 2004 FGC facilities registered 8 fires - all in security zones of OL. In the Main electric networks (TG Energo-joint-stock companies) in 2005 faced 10 fires (5 - at damaging of the process equipment of substations, 4 in security zones of OL, 1 was not connected with the equipment of substations and OL). Growth of number of fires was registered in the 4th quarter of 2005 and is explained by substantial growth of number of substations of 220 kV, accepted in operational service by TG, the fires on which were related to the network of JSC FGC. All cases of fires were carefully investigated with obligatory participation of inspection structure of RCTI. Specific organizational-technical actions on their prevention are planned with the purpose of exception of similar incidents in each case of fire.
4.4.3. Labor protection
33 34 In 2004 there were 5 accidents, from them 1 with fatal outcome and 2 heavy ones. Thus, in 2005 in comparison with 2004 there was a growth of cases of a fatal traumatism in FGC from 1 up to 2, at the same time the number of heavy accidents is lowered from 2 up to 1.
In the Main electric networks (TG) in 2005 there were 4 accidents, they are heavy.
In 2005 the Department of technical inspection continued work on performance of actions of the order of FGC as of 09.09.2004 N 242 "On increase of management by efficiency of labor safety ". Within a year the branches carried out universal checks of all working brigades regarding observance by the personnel of requirements of a labor safety and industrial safety. According to the results of checks, the analysis was held, traumatic situations and factors came to light, actions on their prevention were developed.
In 2005 together with Institute of Labor Safety of Academy of Work and Social Relations, works on system engineering management of labor safety, standards and rules of SOUT meeting the requirements of GOST Р 12.0.006-2002 and OHSAS 18001-1999 are completed.
34 5. Economy and finances 5.1. Finance management JSC UES FGC is natural monopoly - incoTG of the company are completely defined by the established by the Federal Tariffs Service. In the basis of tariff regulation of activity of FGC, according to the federal legislation, lays the principle of maintenance of the company by the necessary total proceeds providing the reimbursement for realization of adjustable kind of activity and realization of the established volume of investments into development of the UNG.
Management of the finance of FGC is based on the mechanism of the centralized formation of monetary funds of the Society due to receipts on primary activity and their subsequent use on financing of the basic and investment activity.
Financing of primary activity is carried out in the form of distribution of monetary funds among branches of FGC - TG, Elektroservis, RCTI and their subsequent distribution by branches of TG among branches of ETG. Financing of investment activity is carried out on-line by the executive device of JSC FGC.
The basic tools of finance management of JSC UES FGC are the Budget of incoTG and charges, the Budget of cahs flow and forecast balance.
Financial and economic planning of activity of the company is carried out: - Long-term - with horizon of planning of 3-5 years and step of planning -1 year; - Intermediate term or annual - with horizon of planning of 1 year and step of a quarter;
- Current - with horizon of planning of a quarter, a half of a year, 9 months and 1 year with step of planning of 1 quarter.
Summarizing of financial and economic results of activity of the company and the analysis of results of economic activities is carried out quarterly according to book keeping.
5.2. Tariff The tariff of JSC UES FGC for the services on transfer of electric energy for 2005 through the uniform national electric network is approved by the order of Federal tariffs service as of December 1, 2004 N 215-e/2.
Cost of services of FGC rendered to the following subjects of the wholesale market of electric energy (capacity): power supplying organizations, power sales organizations and guaranteeing suppliers of electric energy, is defined proceeding from voluTG of productive supply (sale) of electric energy to consumers (buyers) for the corresponding period of the year previous to the settlement period of regulation, minus the coordinated volume of productive supply (sale) of electric energy
36 Payment of services of JSC UES FGC on transfer of electric energy on UNG is carried out by payers of an abonent payment for services of JSC RAO UES for the organization of functioning and development of the Uniform power system of Russia. Payers of services of JSC UES FGC are the organizations delivering electric energy for export according to concluded contracts.
Tariffs for services on transfer of electric energy on the uniform national (all- Russian) electric network, rendered by FGC with use of objects of the electronetwork facilities belonging to FGC according to the property right, to the following subjects of the wholesale market of electric energy (capacity): power supplying organizations, power sales organizations and guaranteeing suppliers of electric energy are approved for 2005 in the volume:
Tariffs for the services rendered by N Subjects of the Russian Federation JSC UES FGC, RUR/thousand kWh 1 2 3 Central Federal district 1 Belgorod area 47,14 2 Bryansk area 43,88 3 Vladimir area 60,81 4 Voronezh area 51,46 5 Ivanovo area 31,43 6 Kaluga area 57,35 7 Kostroma area 31,43 8 Kursk area 40,67 9 Lipetsk area 44,22 10 Moscow area 41,56 11 Orel area 37,04 12 Ryazan area 41,42 13 Smolensk area 58,87 14 Tambov area 60,06 15 Tver area 57,53 16 Tula area 31,43 17 Yaroslavl area 31,43 18 Moscow city 41,56 North-West Federal district 19 Republic of Karelia 45,63 20 Republic of Komi 31,43 21 Arkhangelsk area 31,43 22 Vologda area 56,32 23 Kaliningrad area 65,01 24 Leningrad area 49,72 25 Murmansk area 33,77 26 Novgorod area 56,47 27 Pskov area 55,49 28 St. Petersburg city 49,72 South Federal district федеральный округ 29 Republic of Dagestan 27,79
36 37 30 Republic of Ingushetia 55,64 31 Kabardino-Balkaria Republic 60,72 32 Republic of Kalmykia 31,43 33 Karachaevo-Cherkessk Republic 41,06 34 North Osetya – Alania Republic 59,85 35 Krasnodar Territory and the Republic of Adygeya 49,96 36 Astrakhan area 58,66 37 Volgograd area 49,75 38 Rostov area 41,12 39 Chechnya Republic 31,43 40 Stavropol Territory 55,84 Privolzhsky Federal district 41 Republic of Bashkortostan 0,63 42 Republic of Maryi El 56,46 43 Republic of Mordovia 51,98 44 Republic of Udmurtia 46,92 45 Republic of Chuvashiya 34,25 46 Kirov area 57,35 47 Nizhegorodskaya area 50,20 48 Orenburg area 38,04 49 Penza area 56,58 Perm area and Komi-Permyatsky administrative 50 district 40,41 51 Samara area 49,70 52 Saratov area 37,59 53 Ulyanovsk area 45,20 54 Republic of Tatarstan 1,97 Ural Federative district 55 Kurgan area 50,25 56 Sverdlov area 36,00 57 Tyumen area 49,36 58 Chelyabinnsk area 43,84 59 Khanty-Mansiysky administrative district 49,36 60 Yamalo-Nenetsky administrative district 49,36 Siberia Federal district 61 Republic of Altay 59,85 62 Republic of Buryatia 64,06 63 Republic of Tyva 31,43 64 Republic of Khakasia 55,20 65 Altay Territory 59,85 66 Krasnoyarsk Territory 44,25 67 Kemerovo area 35,59 68 Novosibirsk area 7,04 69 Omsk area 49,20 70 Tomsk area 44,86 Chita area and Aginsky Buryatsky administrative 71 district 34,52 Irkutsk area and Ust-Orrdynsky Buryatsky 72 administrative district 0,06 Far East Federal district 73 Republic of Sakha on the Yuzno-Yakutsk region 31,43
37 38 74 Primorsky Territory 45,85 Khabarovsk Territory and Evreysky administrative 75 district 43,16 76 Amur area 43,06
The tariff for services of FGC is approved by the organizations delivering electric energy on export, in the amount of 44,46rubles/kWh and is defined proceeding from voluTG of electric energy actually supplied for export.
According to the order as of 06.12.2005 No 587-e/9, there were approved the tariffs for services on transfer of electric energy on UNG rendered by FGC with use of objects of the grid facilities, belonging to FGC according to the property right and other legal basis, for 2006.
5.3. Services on transfer of electric energy In 2005 Contracting parties of JSC UES FGC were the organizations, being subjects of the federal wholesale market of electric energy and power (Federal Wholesale Electric Power Market). A of the end of 2005, FGC concluded the contracts for rendering of services on transfer of electric energy on UNG with 121 contracting parties.
Amount of contracting parties of FGC in 2005
Jan. Feb. March Apr. May June July Aug. Sept. Oct. Nov. Dec. 123 123 123 123 124 124 124 124 123 122 122 121
124 123,5 123 122,5 122 121,5 121 120,5 120 119,5 . y t pr l ov ec an Feb A u ep Oct D J May June J Aug S N March
Contracting parties of FGC were two types of the organizations - subjects of the Federal Wholesale Electric Power Market: power supplying organizations (PSO) and consumers of Federal Wholesale Electric Power Market.
Distribution of contracting parties of FGC by the type of organization in 2005 38 39
consumers of Federal power supplying Wholesale Electric organizations Power Market 60% 40%
consumers of Federal Wholesale Electric Power Market – 40 % power supplying organizations – 60 %
Monthly dynamics of the volume of rendered services on transfer of electric power in 2005, RUR million, VAT included Jan. Feb. March Apr. May June July Aug. Sept. Oct. Nov. Dec. 3 024 2 923 2 952 2 777 2 552 2 425 2 414 2 482 2 555 2 794 2 989 3 225
3 500 3 000 2 500 2 000 1 500 1 000 500 0 r y g t t b l u c an. Fe Ap ep O Nov Dec J May Ju ne Ju A S March
Monthly dynamics of the volume of rendered services on transfer of electric power in 2005, % Jan. Feb. March Apr. May June July Aug. Sept. Oct. Nov. Dec. 1,00 0,97 0,98 0,92 0,84 0,80 0,80 0,82 0,85 0,92 0,99 1,07 120% 100% 80% 60% 40% 20% 0% y e g v c ch pr Feb A uly Oct No De Jan. ar Ma Jun J Au Sept M
5.4. Functioning of the Society in conditions of competitive relations in the wholesale market of electric energy (capacity) of a transition period
39 40
According to the order of RAO UES of Russia of 03.11.2005 N 728, the decision was adopted on exit of FGC to the wholesale market of electric energy (capacity).
Since January 1, 2006, on the wholesale market, FGC purchases electric energy in the volume corresponding to the actual volume of losses of electric energy in electric networks, belonging to FGC according to the property right or other basis stipulated by federal laws. The given voluTG of electric energy are purchased under the prices (tariffs) approved by federal enforcement authority in the field of regulation of tariffs (order of the FTS of Russia of 06.12.2005 N 588-e/10).
For the organization of work on participation of FGC in the wholesale market of electric energy (capacity), Agreements for the information exchange were concluded between JSC UES FGC, DGC and adjacent participants of the wholesale market, which are a basis of maintenance of functioning of system of the commercial account of the produced electric energy (consumed) in the wholesale market and adjust procedure of the account, the procedure of payments and the coordination of quantity of the transferred (received) electric power on adjacent sections.
Work was held on modification and additions to the Contract of connection to trading system of the wholesale market, as well as in rules of the wholesale market, which define procedure of participation of FGC in the wholesale market of electric energy (capacity) of the transition period. Changes in the Contract of connection to trading system of the wholesale market and in Rules of the wholesale market are approved by the decision of Supervisory council NP "ATS" (Minutes of the meeting of the Supervisory council N 84 as of 28.12.2005).
5.5. Attraction and floatation of money resources The Regulations about the order of management by the debt position of JSC UES FGC defined the order of attraction of money resources, and the decision of the Board of Directors of FGC approved (Minutes N 22 as of 22.03.2005) a cumulative limit of decision-making by the Management Board of FGC on delivery (granting) of loans in 2005 in the volume of 500 million roubles. All the given loans and loans for the specified sum were approved by the Board of directors of the Society when due hereunder. Reforming of the network complex of RAO UES of Russia required from JSC UES FGC in 2005 of granting of intracorporate loans to the enterprises of the complex of inter-regional grid (JSC ITGC Center, JSC ITGC of the South , JSC ITGC of the Volga, JSC ITGC of the North-West, JSC ITGC of the Ural, JSC ITGC of Siberia, JSC ITGC of the East ) for the total sum of RUR 16,4 million. Besides, JSC UES FGC gave three short-term loans to JSC Nurenergo, Grozny city, for the total sum of RUR 600 million, which were repaid in November of 2005, and the loan of JSC Kubanenergo for the total sum of RUR 887.6 million.
40 41 According to "the Agreement between the Government of Republic of Tajikistan and the Government of the Russian Federation about the order and conditions of individual share of the Russian Federation in construction Sangtudinskaya HPS-1, Republic of Tajikistan”, the loan was granted to Sangtudinskaya HPS-1, Republic of Tajikistan, for the sum of 1 billion rubles, which was repaid in December, 2005.
The rate of interest under all given out loans exceeds the average rate of attraction of extra means of JSC UES FGC.
In the second half of 2005 FGC continued realization of the program of loans and by the end of 2005 it increased volume of extra means in the structure of liability of balance up to 19 billion rubles. Due to these means, civil-engineering designs and modernization of transmission lines and substations were financed. With a view of optimization of structure of extra means, increases in terms of attraction and decrease in expenses on service of debt, FGC carried out 2 releases of bonded loans with the following indicators:
- 2nd series – date of floatation: June 28, 2005, the sum: RUR 7 billion, term of repayment June 22, 2010, with payment of coupon revenue of under the rate of 8,25% annual; - 3d series – date of floatation December 16, 2005, the sum: RUR 7 billion, term of repayment December 12, 2008, with payment of coupon revenue of under the rate of 7,1% annual.
In 2005 FGC involved credits from JSC "National bank “TRUST” and JSC "Gazprombank " on a short-term basis. The specified credits were completely repaid according to conditions of credit agreements. The total size of payments on servicing of bank credits in 2005 equaled RUR 92,0 million at the average rate of 7,6 % annual. With a view of carrying out of additional actions on accident precaution in UES of Russia in 2005-2006, FGC also involved a loan by sale of own simple interest-free bills for a total sum of RUR 791,6 million. The further policy of FGC on attraction of extra means is aimed at reduction of charges on service of loans and at increase in voluTG and terms of loan of resources for realization of the expanded investment program planned for the nearest years. On December, 12th, 2005 rating agency Standard and Poor's gave credit ratings to UES FGC at the level of "B +" on the international scale, having changed the forecast with "stable" to "positive", and " ruA + " on the Russian scale. Within 2005, JSC UES FGC carried out floatation of temporarily free money resources. As tools of floatation, there were used short-term (till 3 months) bank contributions and deposits, depositary certificates, and also, under separate bank agreements, maintenance of non-reduced rests on settlement accounts. The total sum of the received incoTG of these operations equaled RUR 25,55 million.
41 42 The Board of Directors of FGC (Minutes of 11.10.2005 N 27) approved attraction of extra means from the European Bank of Reconstruction and Development with the following provisions: - sum of involved means - up to 5 billion rubles; - term of repayment - 8 years; - the interest rate – Mospraim rate + 2,15 % annual; - maintenance - the mortgage of receipts under contracts on rendering of services on transfer of the electric power with large consumers.
5.6. Main Company’s financial results
In 2005 the proceeds of FGC grew by 28 % in comparison with 2004 that allowed to receive profit at the rate of 1 billion 997,1 million roubles that is by 8 % less, than in 2004
Main financial indicators, RUR million indicator 2002 2003 2004 2005 Proceeds 1 345,9 17 229,5 23 249,7 29 866,9 Prime cost 3 116,0 15 663,5 19 075,0 24 531,7 Profit ( loss) from sales - 1 770,1 1 566,0 4 174,7 5 335,1 Operational and extra-operational - 33,1 - 155,0 - 1 164,8 - 2 039,8 revenues (expenditures) Extraordinary revenues - 129,3 147,8 129,6 (expenditures) Profit ( loss) before taxation - 1 803,2 1 540,2 3 157,7 3 425 Deferred tax assets 432,9 194,4 29,5 1,6 Deferred tax liabilities - - - 6,8 - Profit loss and similar payments - 8,3 - 685,6 - 1 013,6 - 1 429,5 Net profit (loss) of the accounting - 1 378,6 1 049,0 2 166,8 1 997,1 period
Dynamics of revenues and expenditures, RUR million
30 000 Income 28 000 29 866,9 Prime cost 26 000 24 531,7 Net profit 24 000 23 249,7 22 000 19 075,0 20 000 17 229,5 18 000 15 663,5 16 000 14 000 12 000 10 000 8 000 3 116,0 6 000 1 345,9 4 000 1 049,0 2 166,8 1 997,1 2 000 42 0 -2 000 2002 -1 378,6 2003 2004 2005 43
Dynamics of assets structure, RUR million
120 000 fixed assets 105 456,6 97 197,3* 101 314,2 100 000 incomplete construction 80 000 68 039,6* other non-current assets 60 000 37 903,0 circulating assets 40 000 31 382,5 21 906,9 21 415,4 22 707,5 19 337,2 20 000 11 764,7 432,0 7 202,1 628,3 1 681,1 91,0 0 2002 2003 2004 2005
In 2005 the Company paid taxes in budgets of all levels in the amount of 5 218 948 thousand rubles, including the profit tax of 1 381 970 thousand rubles, the property tax of 157 984 thousand rubles, VAT of 2 518 723 thousand rubles, unified social tax and insurance payments of 682 225 thousand rubles, other taxes in the amount of 478 046 thousand rubles.
Indicators of the structure of property, capital and obligations according to the data of the accounting reporting for RUR million Indicators As of 01.01.2005 As of 31.12.2005
Cost of assets 141 078,6 158 872,0 Cost of non-current assets 129 313,9 139 534,8 Cost of circulating assets 11 764,7 19 337,2 Cost of available assets 164,8 1 642,2 Owned capital 132 732,1 134 729,2 Long-term liabilities 5 000,0 19 000,0
43 44 Short-term liabilities 3 346,4 5 142,8
Company’s financial condition indicators:
indicator 2004 2005
Absolute liquidity ratio 0,05 0,32 Acid test ratio 2,04 1,99 Working capital ratio 3,52 3,76 Financial independence ratio 0,94 0,85 Sales profitability, % 22,80 22,21 Return on equity, % 1,68 1,47 Return on total assets, % 1,57 1,24 Dynamics of debt receivable, % 88,46 137,47 Dynamics of accounts payable, % 55,22 51,35
Debt receivable and accounts payable ratio 3,68 2,34
5.7. Distribution of profit and dividend policy
The received profit is supposed to be directed to the reserve fund and to payment of dividends. On the basis of the Order as of 04.04.2005 N 75 " About the organization of performance of decisions of the Board of Directors of JSC UES FGC as of 21.03.2005 (Minutes N 21) and as of 22.03.2005 (Minutes N 22), the budget of 2006 provides payment of dividends on a share holding belonging to RAO UES of Russia in the amount of 367,29 million rubles.
44
6. Investment activity The investment program of FGC for 2005 was generated in conformity with the intermediate term program of development of FGC for 2004-2006, approved by Board of directors of FGC (Minutes of the session as of 16.07.03 N 10), with volume of capital investments due to all sources of financing in the amount of 27 695 million rubles, and was coordinated with the ministry of economy and Trade of Russia, Ministry of Industry and Power of Russia, FTS of Russia
The specified plan of financing for 2005 equaled 28 764,231 million rubles. The specified plan was generated in view of the following factors: - transfer from the investment program of RAO UES of Russia of means for restoration of grid objects of the Chechen Republic; - additional financing of works and expenses of the program of 2004 according to the results of execution of the investment budget; - Reduction of financing of the investment program in connection with direction of means for granting of the loan to JSC Kubanenergo (decision of the Management Board of RAO UES of Russia of 01.08.2005 No 188); - increase in the program due to the investment means allocated by RAO UES of Russia for realization of additional actions on increase of reliability of electric power supply of large megacities (Moscow and St.-Petersburg), and also to accident prevention in UES of Russia.
Actual financing equaled 28 336,96 million rubles
Financing and execution of capital investments for 2005
Execution of capital Financing plan Financed, investments Facilities for 2005, RUR million (VAT RUR million included), RUR million TOTAL 28 764,231 28 336,960 24 551,851 1. New construction 16 042,309 15 828,536 14 913,854 2. Technical modernization and re-equipment, 6 636,959 6 495,786 6 087,645 including target programs 3. Development of technological management 2 391,488 2 344,485 1 565,448 and informatisation 3.1. Automated power supply monitoring and 402,958 402,576 219,729 control system 3.2. Creation of the unified network of electric 918,228 918,215 289,601 power communication (UNEPC) 3.3. Creation of information systems of 1 070,302 1 023,694 1 056,118 management 4. Design and exploration works (New 577,003 561,998 562,157 construction) 46 Execution of capital Financing plan Financed, investments Facilities for 2005, RUR million (VAT RUR million included), RUR million 5. Program "Provision of protection of power facilities” and facilities of production 290,642 280,336 327,246 infrastructure 6. Restoration of power objects of the Chechen republic 1 795,230 1 795,230 1 095,501
7. Sangtudinskaya HPS-1 (Tajikistan) 1 030,600 1 030,587 -
Comparison of parameters on financing and performance of capital investments for the period of 2003-2005, RUR million
2003 2004 2005 financing 11 541,8 21 322,3 28 336,9 execution 9 078,4 18 806,8 24 551,8
During realization of the investment program, there was a necessity of updating of voluTG of financing due to redistribution of means between separate constructions. Updating was carried out in view of the actual course of development of capital investments and other objective circumstances. In particular, voluTG of financing of the major transmission lines intended for delivery of capacity of steam and gas power unit N 1 Kaliningrad thermal power station- 2 were increased by 225 million rubles. According to the requirement of UES SO CDA, for the input of a shunting reactor 180 MVAr on SS Barnaul, financing on title of OL 1150 kV Barnaul - Itat with SS Barnaul (Altai) was increased by 261 million rubles. Besides, for maintenance of input in 2006 of SS 500 kV Zvezda intended for electric power supply of new capacities of wood working factory "KRONOSTAR" (Kostroma region) financing of construction on the title of SS 500 kV Zvezda with overhangs of OL 500 kV, the Kostroma atomic power station - Vyatka, OL 110 kV Zvezda - Manturovo and two cells at ODU 110 kV SS 220 kV Manturovo, was increased by 235 million rubles due to redistribution of means from other objects.
According to the decision of Board of directors of JSC UES FGC (Minutes of the session as of 28.12.2004 N 20) regarding development of electric networks of the Far East with the purpose of delivery of electric capacity to consumers of the given region and for export for maintenance of introduction in 2006 of OL 220 kV Blagoveshchensk- Sirius (the second chain), financing of the given transmission line was increased by 180 million rubles. Updating was held without change of the plan of commissioning of capacities and was presented for the coordination in the Ministry of Industry and Power of Russia, the
46 47 Ministry of Economic Development and Trade of Russia and the Federal Tariffs Service of Russia. In 2005 financing of investments was 1,33 tiTG more than in 2004. The advancing of financing in comparison with performance of capital investments is connected basically with necessity of advancing of manufacturing of the equipment, deliveries of designs and materials. Sources of financing of the investment program of 2005 include the following components:
Own funds (depreciated deductions and target investment means included in the tariff for the services on transfer of the electric power 13 652,21 RUR million through the UNG) Borrowed funds 13 340,94 RUR million Other sources (return of VAT and others) 1 343,81 RUR million
Priority tasks of investment activity of JSC UES FGC for 2006 are: - maintenance in necessary volume of financing of works on modernisation and reconstruction of operating facilities and of construction of the new facilities having key value for maintenance of reliability of electric power supply of Moscow and of St.-Petersburg;
- The maximum possible maintenance of input of capacities on starting facilities. The investment program of UES FGC for 2006 is considered by Board of directors of FGC on June, 8th, 2005. Modified according to the assignment of Board of directors, the investment program in the volume RUR 32 111 million in September, 2005, according to the established order, was coordinated with FTS of Russia, the Ministry of Industry and Power of Russia, the Ministry of Economic Development and Trade of Russia and was approved by the Government of the Russian Federation in October, 2005 (Minutes of the meeting as of 06.10.2005
The basic purpose of updating is realization of additional actions on increase of reliability and accident precaution in the UNG, first of all, in Moscow and St.- Petersburg. Realization in 2006 of additional actions on increase of reliability of functioning of the UNG is stipulated by:
- decision of the Government of the Russian Federation (Minutes of the meeting as of 06.10.2005 N 39, item 3); - order the Ministry of Industry and Power of Russia as of 23.06.2005 N 195 " About the plan of measures and complex of measures on increase of reliability and stability of functioning of a uniform national power supply system of Russia"; - minutes of JSC UES FGC and the Governments of St.-Petersburg concerning increase of reliability of electric power supply of St.-Petersburg (N 146-V/160 as of 25.11.2005);
47 48 - minutes of joint meeting of JSC UES FGC and the Governments of Leningrad region (N 1 as of 26.01.2006); - minutes of meeting at the place of working of Chairman of the Management Board of JSC RAO UES of Russia (N 48 as of 10.10.2005) " About additional actions on accident prevention in UES of Russia in 2005-2006 ".
According to the developed actions on increase of reliability and accident prevention in the UNG, the volume of the corrected investment program of JSC UES FGC for 2006 equals RUR 36 156,0 million that is by RUR 4 045 million more than in the one that was originally coordinated. The corrected investment program of FGC for 2006 is repeatedly put for consideration of the Board of directors of FGC on April 4, 2006.
According to the Schedule of input of electric power network objects in 2005, the major facilities for increase of reliability and throughput of the Uniform national electric network were put into service in 2005:
1. OL 500 kV Bureiskaya HPS - Khabarovskaya (2-nd chain) of 433,6 km by length of 433,6 km was put into operation in December, 2005 that allowed to provide delivery of capacity of the 4th unit of Bureiikaya HPS within the terms defined by Chairman of the Management Board of RAO UES of Russia A.B. Chubais. For repayment of jet capacity on SS 500 kV Khabarovskaya, the shunting reactor was introduced with capacity of 180 MVAr and the operated shunting reactor capacity 100 MVAr was put into service.
2. According to the approved schedule , there were put into operation OL 110 kV - Kaliningrad thermal power station-2 - SS Severny, OL 110 kV Kaliningrad thermal power station-2 - SS Centralnaya, and OL 110 kV Kaliningrad thermal power station 2 - Gvardeisk (up to sealing off at SS Borisovo).
Construction of OL was performed according to the Federal target program of development of the Kaliningrad area for the period till 2010, approved by Governmental order of the Russian Federation as of December 7, 2001 N 866.
According to the approved schedule, there were put into operation OL 110 kV Kaliningrad thermal power station-2 - SS Severny and OL 110 kV Kaliningrad thermal power station-2 - SS Severny with the complex of protection and fault-free automatics (total length of OL is 91,94 km). Reconstruction on SS 110 kV Gvardeiskaya, SS 330 kV Severnaya was performed, SS 330 kV Centralnaya (with replacement of the basic electric technical equipment, equipment of RPA, automatic process control system, automatic system of electric power commercial accounting and communication systems), and also shunting reactors were installed SS 330 kV Sovetsk (total capacity is 122.4 MVAr)
48 49 3. For maintenance of steady work power transit of OL 500 kV Zarya-Barabinsk – Tavricheskaya, from SS 500 kV Voskhod and SS 500 kV Barabinsk and suppression of jet capacity on SS 500 kV Tavricheskaya , the shunting reactor was put into service by capacity of 180 MVAr with the reserve phase of 60 MVAr and controlled shunting reactor by capacity of 180 MVAr, and the shunting reactor by capacity of 180+60 MVAr was put into service at SS 500 kV Zarya.
4. For maintenance of steady work and reduction of losses of the electric power at OL500 kV Promorskaya state district power station - Chuguevka and OL 500 kV Primorskaya state district power station – Khabarovsk, shunting reactors accordingly at SS 500 kV Chuguevka (180+60 MVAr) and open distribution unit of 500 kV of Primorskaya Seaside state district power station (180 MVAr) were entered.
5. For delivery of capacity of 2-nd power unit of the Volgodonsk atomic power station, improvement of work and increase of reliability of work of the Volgodonsk atomic power station atomic power station – OL 220 kV Volgodonsk APS with DP of 220 kV Volgodonsk and overhang of OL 220 kV Volgodonsk thermal power station-2 - Zimovniki (in the volume of the starting complex) was put into operation, the length is 37,5 km.
Performance of the program of capacities input in 2005
N Input of Name of Facility capacity I. new construction 1. OL 110 kV of input of capacity of Kaliningrad TPS-2 2х45,97 km 2. OL 500 kV Barabinsk – Tavricheskaya from SS of 500 kV Voshod. 180+60 MVAr (SS 500 kV Tavricheskaya: ShR 500 kV – 180+60 MVAr; UShR500 kV – 180 MVAr 180 MVAr) 3. OL 500 kV Zarya-Barabinsk from SS 500 kV Barabinsk. 180+60 MVAr (SS 500 kV Zarya: ShR 500 kV – 180+60 MVAr) 4. OL 1150 kV Barnaul – Itat from SS Barnaulskaya (Altay). 180+60 MVAr (SS Barnaulskaya: 180+60 MVAr) 5. OL 500 kV Primorskaya SDPS – Chuguevka from SS 500 kV Chuguevka. 501 MVA Translation to the nominal voltage. 180+60 MVAr (SS 500 kV Chuguevka: ShR 500 kV – 180+60 MVAr; АТ 500 kV – 501+167 MVA) 6. OL 500 kV Bureiskaya HPS – Khabarovskaya. 426,8 km (SS 500 kV Khabarovsk: ShR 500 kV – 180 MVAr; UShR 220 kV – 180 MVAr 100 MVAr) 100 MVAr 7. OL 500 kV Primorskaya SDPS – Khabarovskaya from SS 500 kV 180 MVAr Khekhtsir. (ODU 500 kV of Primorskaya SDPS: ShR 500 kV-180 MVAr) 8. OL 220 kV Volgodonskaya APS- DP Volgodonsk from DP 220 kV 37,5 km Volgodonsk and overhangs of OL 220 kV Volgodonskaya TPS-2 – Zimovniki 556,24 km Total: 1 600 MVAr 501 МВА
49 50 N Input of Name of Facility capacity II. Re-equipment and reconstruction 1. SS 330 kV Kalininskaya 2х150 MVA 2. SS 500 kV Klyuchiki 125 МVА 3. SS 500 kV Komsomolskaya 125 МVА 4. SS 330 kV Sovetsk (UShR, ShR) 63 MVAr 2х29,7 MVAr 122,4 MVAr TOTAL: 550 МVА
556,24 km Total on sections I, II: 1 722,4 MVAr 1 051 MVA
Input of capacities by facilities of capital construction in 2001 - 2005
Name of title Total 2003 2004 2005 Total: OL 1528 km 266 km 706 km 556 km Transformer capacity 4195 МVА 792 MVA 2352 MVA 1051 MVA Reactor capacity 3336 MVAr 484 MVAr 1130 MVAr 1722 MVAr including: New construction OL 1528 km 266 km 706 km 556 km Transformer capacity 2419 МVА 250 MVA 1668 MVA 501 MVA Reactor capacity 2754 МVAr 324 MVAr 830 MVAr 1600 Мвар Re-equipment and reconstruction Transformer capacity 1776 МVA 542 MVA 684 MVA 550 MVA Reactor capacity 582 МVAr 160 MVAr 300 MVAr 122 MVAr
The program of input of capacities in 2005 is executed in full. According to the requirement of JSC UES SO-CDA (letter as of 16.08.2004 No. BA-203-3406) on input of devices of compensation of jet capacity to the plan, the shunting reactor of 180 MVA was put in operation with the reserve phase at SS Barnaul (Altai), and projects and necessary building reserves were developed for input in 2006 of devices of compensation of jet capacity on SS 500 kV Balashovskaya, Osinovka, Vyatka were provided.
In 2005, the works connected with additional actions on increase of reliability of electric power supply of Moscow and of St.-Petersburg were carried out, in particular:
50 51 - estimation of condition of OL and SS by the voltage of 500 kV included in the Moscow ring road was executed; technical decisions on their further reconstruction and development were prepared; - technical projects on development of plans of reconstruction of facilities of the Moscow ring road were developed and approved
51 7. Purchasing activity organization Purchasing activity of the Company in 2005 was carried out according to "Regulations about the order of carrying out of the regulated purchases of the goods, works, and services for needs of JSC UES FGC” approved in 2004, and its new wording approved in October 2005. The Regulations provide the organization of carrying out of purchases of the goods, works, services on uniform methodical base, with application of modern competitive forms of purchases, mainly on a competitive basis. The established rules meet the requirements of the system of standards on the organization of the purchasing activity accepted in the Holding of JSC RAO UES of Russia, and the governmental order of the Russian Federation as of October 13, 1999 N 1158 "About maintenance of observance of economically proved principles of formation of the prices for production (services) of subjects of natural monopolies". Application of the procedural regulation of purchases is directed to maintenance of the target and effective expenditure of money resources, and also to reception of economically proved expenses (market prices for products) and prevention of possible abusing from purchaser employees. The regulation of purchasing activity is constructed on the reasonable use of special receptions for purposeful strengthening of the action of market laws in each case of purchase. The established procedures assume: careful planning of the demand for production; analysis of the market; actions directed to achievement of the reasonable level of competition among potential suppliers, where it is possible and where it is impossible - high internal control; fair and reasonable choice of the most preferable proposals at the comprehensive analysis of advantages and expenditures. The regulation of purchasing activity is based on the system approach which means: presence of the regulating environment established organizational structure of management by purchases and control over them, the trained staff for carrying out of the purchases, the adjusted infrastructure of purchases, observance of corporate unity of rules of purchases, powers and responsibility of purchaser employees. The regulation allowed to realize the following main principles of the organization of purchasing activity:
1. The principle of openness. Rules of the organization of purchases are placed on sites of RAO UES of Russia and UES FGC on open access. The information on infringements of the established rules can be directed to the Central competitive commission of the Company (CCC), the structure of which is also published on the site of the company. The structure of CCC includes representatives of JSC RAO UES of Russia, the Ministry of Industry and Power and Federal Antimonopoly Service of Russia. Thus, the adopted decisions will be coordinated with the position of the corporate center and state bodies. The significant part of purchases is carried out through the open competitions, the information about which is published on sites of the companies and in the press. The share of the open competitions in the total amount of purchases equaled 36,6 % in 2005.
53 2. The principle of competition. The system of regulation is built in such a manner that the preference is given to the open competitions providing the maximal competition. Any restriction of competition, especially purchase from the unique supplier, demands serious substantiations and joint decisions. In some most responsible cases, such decisions are accepted only by CCC of the Company.
3. Principle of foundation. The established rules require that each decision should be proved and documentary confirmed, that not only raises efficiency of purchases, but also interferes with corruption. Results of work of the system of purchases have their reflection in the structure of purchases of the Company, resulted below.
Abbreviations used: OC – open competition CRP – closed request for proposals CC – closed competition CCN – closed competitive negotiations OQP – open query for prices US – unique source
Structure of regulated purchases of JSC UES FGC in 2005
By all OC CC OQP CQP CPR CCN US methods Price under the concluded contracts, 20570.470 7527.938 6041.785 7.348 428.957 134.386 464.868 5965.188 RUR million
Amount of concluded contracts, pieces 375 15 106 1 21 7 8 217 In % from the sum of concluded contracts in 100.0 36.6 29.4 0.0 2.1 0.7 2.3 29.0 2005 In % from the sum of Introduced Introduced concluded contracts in 100.0 31.0 31.0 4.0 3.0 31.0 in 2005 in 2005 2004
Competitive purchases
Total volume of contracts % from the total volume (RUR million) of concluded contracts Contracts concluded on the 14605,282 71 competitive basis Contracts concluded according to the results of 13 569,723 66 negotiations
53 54
Structure of regulated purchases of JSC UES FGC by the methods of their performance
CC 29% 29% OC CQP CRP 0% 2% CCN 1% OQP 2% US 37%
54 8. Communication network development and information engineering control systems 8.1. United communication network of electric power engineering (UCNEPE).
Basic trends of scientific engineering policy of joint-stock company UES FGC(united electric network) in sphere of creation and development of united communication network of electric power engineering (UCNEPE) are an increase if production effectiveness, a decrease of costs and creating of conditions for stable development of united electric power system and united national electric network. Communication network of electric power engineering is an integral part of production, transmission, distribution and sale of electricity. UCNEPE is created as an integral base for transmission of all information types (sound, video, and data), ensuring with quality guaranteed and communication reliability of subjects and objects of electric power of different levels of hierarchy in whole Russian territory. UCNEPE includes all existing and being built communication network. Within the bounds of scientific engineering policy the following problems are being solved: - prognostication of UCNEPE development; - implementation of new communication technologies; - reliability guarantee of communication systems’ functioning; - scientific engineering, systematic, technical guarantee of UCNEPE development stages; - Elaboration of scientific technical documents on communication systems in electric power engineering. There is a creation, modernization and development of primary and secondary wire and wireless communication networks in the sphere of UCNEPE creation and development.
8.1.1. Scientific engineering activity in communication sphere Scientific engineering activity of joint-stock company (JSC) UES FGC in communication sphere provides forming of united scientific engineering policy including concept and system technical decision in electric power engineering communication network creation and development. The following significant results were achieved in 2005: - Engineering policy of JSC UES FGC is defined in communication systems’ sphere. The prepared materials are included into “Statute about engineering policy of JSC UES FGC. - “Statute about the order of organization and use of radio communication means in electric power engineering enterprises and organizations” was developed and implemented by an order of JSC “RAO UES of Russia” dated 02.02.05. - Materials on communication systems were prepared for normative documents of JSC UES FGC(“Statute about project expert examination developed by the order of JSC UES FGC, “Statute about information interaction between foreign organizations and JSC UES FGC in interchange of engineering information”; “Regulations of investment activity of JSC UES FGC; “Regulations of interaction of subdivisions of executive apparatus and branches of JSC UES FGC by technological joining electric 56 networks”; “Statute about accredit of planning organizations in JSC UES FGC; “Statute about attestation of electric power equipment, technologies and materials” in JSC UES FGC and ENES; “Statute about engineering policy of JSC “HydroOGK”.) - Within the bounds of NIOKR the following works were done: «Investigation and analysis of existing technologies of PPW and AVR (planning prevention works) carrying out in OCSN -VL. Manual elaboration of PPW and AVR carrying out in OCSN with voltage of 110 kV and above and elaboration of standard list of complete set with devises, special equipment, rigging and expense parts by OK exploitation at electric power engineering establishments” (Executor FSUE CCIIS (Federal state unitary enterprise Central scientific investigating institute)); “Elaboration of technical demands on organization of internal objects communication systems at substations of JSC UES FGC(Executor FSUE CCIIS); “Elaboration of systematic instructions on increasing of frequency spectrum use effectiveness by high frequency channels use in lines of electricity transmission with 35-750 kV of alternating current”. (Executor JSC “RSIIE” (Russian scientific investigation institute of electric power)). - There are 200 leading specialists in television communications from more than 30 countries (the USA, Japan, Great Britain, Canada, France, Spain, Brazil, Argentina, China, etc.) which took part in the International Colloquium functioning (Mexico, June 2005) on use of modern television communication technologies in electric power engineering in the part of optical communication lines, trunk radio networks, channels by electric transfer lines, control means. Review is published in “Energetic” magazine. - To take part in the international session of SIGRE in 2006 the report “Reliable work ensuring of info communication systems in condition of before breakdown and emergency situation in electric power systems and defense of real time systems from non-sanctioning influence” was prepared and sent to the Russian National Committee SIGRE. - Eighth international exhibition VKSS-2005 was organized and conducted with current special stand of JSC UES FGC on basic trends of UCNEPE development for the period till 2015. Meetings were prepared and conducted with firms – integrators and suppliers of television communication equipment and also with representatives of electrical power engineering on communication problems.
Problems in sphere of scientific engineering policy for 2005 are solved. The main of them are: - Elaboration and approval by the Board of JSC UES FGC and JSC RAO UES of Russia” “Statute about engineering policy of JSC UES FGC defining” the engineering policy of the united communication network of electric power engineering. - Elaboration and approval by the Board of JSC UES FGC “The general scheme of UCNEPE creation and development for the period till 2015”.
8.1.2 UCNEPE creation and development projects United digital electric power engineering communication network (UDEPECN) In June 2005 the united digital electric power engineering communication network (UDEPECN) was put into operation which provides the information interaction (telephony, conference communication and data transmission) of electric power
56 57 establishments including JSC “RAO UEN of Russia”, JSC UES FGC and JSC “SO- CDU-UEN”. Realization of first and second stages of UDEPECN allowed creating the united basic arterial network of electric power on the base of rented communication channels. The network being put into operation includes three levels of electric power engineering control with the corresponding communication units joining: • Central communication unit – CeCU; • 7 circular communication unit – CiCU; • 74 regional communication units (RCU). In 2006 it is planned to continue works of UDEPECN development and to connect the subdivisions of JSC UES FGC (ETG, SPB ESS) with communication units. Moreover within the bounds of the third stage of UDEPECN development it is supposed to do the following works: 1. Connection to RCU – ETG and SPB ESS. 2. Creation and connection of local computer networks ETG, SPB ESS to UDEPECN with interaction with TG and IA FSK. 3. Reserving of communication lines from electric power establishments (RCU, ETG, RDU) to the units of access to communication operators. 4. Broadening of existing channels passing zone, lease of additional channels. 5. Linking the systems of telephone communication of establishments and modernization of commutation equipment. 6. Organization of systems functioning of video conference communication and selective meetings at linking establishments. 7. Modernization of UDEPECN management systems.
Optical communication network Optical communication systems network (OCSN) allows uniting all establishments of electric power engineering into united information space and provide an opportunity of information interaction not only systems of corporation control and technological management but also systems (RZA, PA) critical to the time of signal spreading and processing. In 2005 were continued works on creation of optical communication network of electric power engineering with an opportunity to use electric power engineering infrastructure. OCSN network is a basic transport electric power engineering communication network providing functioning both corporation and technological systems (ASU TP, AIISKUE, RZA and PA and etc.). In 2005 the following OCSN zones were put into operation: - “Moscow communication network” with length of 80 km providing interaction of electric power engineering structures located in Moscow city; - OSCN Moscow-St. Petersburg with length of 1000 km providing electric power objects (substations) connection with management centers of North-West and Centre; - OSCN in Kaliningrad with length of 100 done within the bounds of issuing power at Kaliningrad thermoelectric power station (TEPS) and providing interaction of power objects and enterprises of electric power engineering in Kaliningrad;
57 58 - OSCN of substation Oznachennaya – substation Aluminievaya – Abakan city with length of 281 km done within the bounds building project “VL 500 kVolt substation Oznachennaya – substation Aluminievaya with substation Aluminievaya”. Also in 2005 projects were elaborated and works were started in creation OSCN within the bounds of reconstruction projects, technical re-equipment and new building of power objects, which have to be put into operation in 2006: - Kolskaya Nuclear power station (NPS) – Substation Knyazhegubskaya; - Substation Kozyrevo – Substation Kurgan; - Substation 1150 kVolt Altay – Substation 500 kVolt BArnaulskaya; - GoGRES – Substation Petrovsk-Zabaikalsky; - Substation Vyborg – Substation Vostochnaya; - Substation Zlatoust – Substation Shagol – Chelyabinsk. Besides, it is planned in 2006 to start working of OSCN Moscow – Rostov-on-the Don, Samara – Chelyabinsk, Chelyabinsk – Khabarovsk with total length of more than 15 000 km including 90 percent of electric power engineering communication units (CiCU, RCU) and also more than 300 power objects (substations, state network).
Ultra-short waves’ communication network Digital network of mobile professional radio communication is intended for providing with mobile communication of operating services, repair crews and for accumulation of commercial and technological information from distant electric power engineering establishments. In 2005 were finished works on installation of switching devices and basic stations in the region of Middle Volga (Saratov and Penza regions), in North-West region (St. Petersburg city), in South federal district (Chechnya Republic and Sochi city). It is planned to finish network development at all territory of Middle Volga and Moscow city in fourth quarter of 2006. To establish line-exploitation connection in the branches of JSC UES FGC it was bought and put into operation 325 terminal stations of ultra-short waves (USW) radio communication and 137 stationary stations. In 2006 it is planned to start working on creation data base of radio frequency claims and permissions to use USW radio communication means and for USW radio means.
Radio-relay communication network At present time radio-relay communication lines are used in arterial and distributing networks of fixed communication. First of all they are set up in places where economically unpractical OSCN laying or where strategic construction of communication network is needed. In 2006 digital radio-relay lines were put into operation in the branch of JSC UES FGC- TG Siberia (7 bays of radio-relay lines Abakan-HETG-Oznachennoe). In 2006 it is planned to start modernizing radio-relay lines by means of digitalization or replacement into OCSN.
Satellite communication network
58 59 In behalf of repair crews there was fitting the branches of JSC UES FGC–Center TG, South TG, Siberia TG and East TG абонентскими терминалами спутниковой сети связи “Global Tel”. To organize fixed communication with isolated and hard-to-get energetic power objects and to reserve channels of dispatch technological and corporate management in 2006 it is planned to establish communication channels on the base of satellite communication networks implemented according to VeSat technology.
High-frequency communication networks with electro transmission lines In 2005 within the bounds of reconstruction programs and technical rearmament of electric network objects a replacement of high-frequency communication facilities is continued into modern multi-functioning, able to transmit speech in one track data, signals and commands of RZA and PA. Modernization of the systems of high-frequency communication channels in directions which are not male with circular OSCN allows: - To increase information transfer security; - To optimize frequencies due to the use of facilities with higher spectral effectiveness and high selectivity; - To decrease expenses for equipment service; - To bring to the quality improvement of high-frequency channels network service owing to the opportunity to use control system including configuration change and/or working frequencies with the help of software. In 2006 it is planned to continue modernization including digitalization of high- frequency communication network. Besides it is planned to start formation data base of high-frequency channels in electric power engineering.
Telephone communication network Telephone communication network of electric power engineering (TCNEPE) is intended for providing of speech interaction of users of electric power engineering objects and within the bounds of solving problems of corporation and technological management of electric power engineering. TCNEPE is being built taking into account of current telephone communication network of electric power engineering. Within the bounds of network development of telephone communication of electric power engineering in 2005 network modernization of telephone communication of the Company’s executive apparatus was conducted (Academician Chelomeya St., 5a) including: • Installation of institution and production automatic telephone station (IPATS) and dispatch switching device in IA JSC USE FGC; • Interaction of telephone stations between electric power engineering objects in Moscow city via “Moscow communication network” and with subdivisions FSK- TG via UDEPECN. In 2006 it is supposed to develop and to start implementing of the following projects:
59 60 • Technical project of TCNEPE establishment allowing supporting commutation telephone network of electric power engineering for providing corporation and technological requirements of electric power engineering; • Modernization of telephone stations at the enterprises and substations of ENES.
8.3. The automated system of technological management (ASTM).
The ASTM is created as the uniform distributed hierarchical system, which integrates means and subsystems of the existing, independently developing automatic and automated control systems (ACS of TP, PA, RZA, ASDTM, AIMCS AEP , CCSSR and other subsystems), providing the necessary interface with control systems of the OC “SOCDU EEC” and automatic telephone exchange (ATE). The ASTM is based on the basis of General Information Model ENES (CIM) and Models of Information Interaction (IEM). The concept of the ASTM is approved by Board of the JSC UES FGC 06.12.2005. During works on creation of the automated system of technological management of the OC UES FGC (ASTM of the UES FGC) have been performed following works: - the concept of the ASTM of the OC UES FGC is developed; - there are executed the NIOKR on subjects of the ASTM, including works, which are performed for realization CIM and IEM. There is created the Stand of the ASTM as means of practical approbation and testing of decisions for integration of platform of the ASTM of the “FSK EEC” on the basis of program complex Utility Integration Bus of company SISCO. Besides there has been made the check of methods and means of the description of objects of an electro network facilities in the form of information model and use of CIM-model (Common Information Model) as the unified basis of the organization of information interaction within the limits of the integrated system.
8.3.1. The automated system of dispatching technological management (ASDTM).
Within the limits of creation of the automated system of dispatching technological management of the OC UES FGC in 2005 year there are put into operation typical information-program complexes of dispatching management (IPC) on the basis of the PO SK-2003 in the Central dispatching office UES FGC, TG of the Center, dispatching offices of Siberian TG, TG of the Volga, Northwest TG, TG of the South, the Urals Mountain’s TG, TG of the East. An information-program complex (IPC) is intended for the decision of the following primary goals: - Gathering, processing, storage and granting of the information to operation personnel; - Management of a dispatching board. The IPC SK-2003 represents two-machine program and hardware cluster from two servers, one of which is the basic, another works in a mode of a hot reserve.
60 61 Both of servers accept data from the central receive-transferring station (CRTS) or on channels of an intermachine exchange, thus data from the basic server are copied in reserve. The complex allows to process up to 50 000 signals. Each value of the TI/TS is accompanied by a label of time. Speed of display of the accepted information which has acted on server of the IPC FGC (TG) from OIK SO-CDU on an automated workplace of FSK dispatcher does not exceed 2 seconds. The total symbolic circuit of objects and video forms which are displayed in the IPC is 440 pieces. In the Table there are cited the Data on the existing volume of the teleinformation in the IPC of the UES FGC (as of the end of 2005).
Name TI TS DS JSC UES FGC 3775 2961 TG of the Center 1737 1135 Northwest TG 305 334 the Urals Mountain’s TG 3585 4085 TG of the Volga 3514 1657 TG of the East 341 312 Siberian TG 325 428 TG of the South, 2293 3238 TG of the Western 0 0 Siberia* Total: 15875 14150 *The introduction of the IPC in TG of the Western Siberia is planned for 2006 year.
The primary goal of the 2006 year is a performance of works on creation of the IPC’s complexes for control centers of networks (CCN), created on the basis of the ETG and maintenance of interaction of the IPC’s various levels of management.
8.3.2. The system of gathering and transfer of the information (SGTI).
The system of gathering and transfer of the information (SGTI) is introduced within the limits of creation of the automated system of dispatching technological management (ASDTU) OC UES FGC. The SGTI is intended for the decision of following problems: - information interchange with devices of controllable telemechanics of items; - information interchange with ASUTP power objects - information interchange with other automated control systems, for example, ASCAEP , AWP, etc.; - Information interchange with IPK adjacent levels of dispatching management.
61 62 In immediate prospects it is supposed to provide transfer of all information available on substations from regional levels (RDU, RUS) on DP TG and TSUS.
8.3.3. Automatic control systems of technological processes of substations. For the 1-st January 2006 year there are entered into commercial operation the integrated automatic control systems of technological processes of substations: Belozerskaja 750 kv, Berkut 500 kv, Aluminievaya 500 kv, Zlatoust 500 kv, Vyborgskaya 330 kv, Chuguevka 500 kv. In a stage of end there are the automatic control systems of technological processes of substations: Raduga 500 kv, Amurskaya 500 kv, Khabarovskaya 500 kv, ORU-500 kv of Primorskaya Hydroelectric power station, GPP-2 - Volgodonskaya 220 kv. In 2005 there is developed “the Program of increase of reliability and observability ENES by equipment of substations by monitoring complexes and management of technological processes”. The program covers objects 330 kv of the JSC UES FGC and above, not entering in the program of complex modernisation, reconstruction and new construction - only 67 substations. The program unites the two following independent parts (program) which are interconnected and coordinated with each other under the basic technical both organizational decisions and terms of their realization: - “The program of introduction on substations of the automated control and management’s subsystems in normal and emergency operation on 2006-2010”; - “The program of introduction of the automated control systems of the equipment’s condition on substations “FSK EEC” on 2006-2010”. The program provides complex modernisation and reconstruction of morally and physically out-of-date equipment of information-technological systems of substation without replacement of the primary equipment.
8.3.5. Corporate control system of the spatially-distributed resources (CCSSR).
The purpose of the CCSSR’s creation of the open joint-stock company UES FGC is perfection of a control system by industrial and administrative activity of the open joint- stock company (OC) “FSK EEC” on the basis of an effective utilization of geoinformation technologies (GIT). The technology is realized on the basis program-technical means and specialized software products, providing input, spatially-geographical binding, support and the analysis of electronic model of spatially-distributed objects of the USE FGC for the decision of operation and management’s problems. In 2005 works on creation of system of the spatially-distributed resources of the OC USE FGC are continued. Predesign inspection within the limits of 3-rd stage of the CCSSR of TG and ETG of the East, Siberia, and Urals Mountains is lead. Within the limits of predesign inspection the data necessary for techno-design engineering are obtained: - plans and characteristics of the premises intended for installation of an information-program complex of the CCSSR;
62 63 - characteristics of a the local computer network and liaison channels; - characteristics of power supplies and conditioning; - the design documentation of the CCSSR such as technical projects on development of techno-equipment designs of CCSSR of 3-rd stage, techno- equipment designs of CCSSR of 3-rd stage is prepared. Remote inspection of transmission lines of the UES FGC with use of air laser scanning by the general extent more than 18 thousand km is made. As a result of remote inspection the figures describing condition of the high-voltage line and lines of passage of lines are received (not less ±75 m from an axis of a line). There are received color digital aerial photographs with the sanction to districts of 5 sm on pixel and without intervals covering a strip in width ±75 m from an axis of a line. In the Database of the CCSSR the information received as a result of data processing of remote inspection of the high-voltage line of the UES FGC is prepared for floatation in the Database. Methodical materials and programs of training of users of the CCSSR are prepared. Training users of the Executive device of the UES FGC and TG the Center is lead. In March 2006 it is planned to finish data processing of remote inspection of the high- voltage line of the UES FGC and to fill Database of the CCSSR with the information about 45 thousand km of the high-voltage line a pressure 330 kv and above. There is planned the end of system’s expansion, the organization of access to the CCSSR’s Database of users of all branches of the UES FGC - TG and ETG (more than 450 automated workplaces) and input of system in commercial operation in July 2006. With a view of carrying out of uniform technical policy and coordination of interaction of the UES FGC with network companies and the organizations which participate in investment project’s realization, on the basis of Northwest TG in July 2005 the seminar on a theme “the Automated systems of technological management of the UES FGC” with attraction of heads and experts IGDC and branches of the UES FGC – МES is held.
8.3.6. The automated information-measuring control system and the account of the electric power (AIMCS AEP). In execution of the Order of the Russian JSC RAO UES from 08.10.03 № 521 “About maintenance of data gathering of the commercial account of the enterprises of the electric power industry which is a part of the Russian JSC RAO UES, within the limits of preparation for start of competitive sector ОRE”, the Order of the JSC UES FGC from 24.10.2003 № 206 “About creation of the ASCAEP of the JSC UES FGC, regarding performance “the First turn of creation of the ASCAEP of the JSC UES FGC – “Installation of the account’s devices, means of data transmission and creation of the centers of gathering and data processing in existing borders of the JSC UES FGC, the Order of the Russian JSC RAO UES from 14.12.2004 № 729 “About reduction conformity to requirements of the wholesale market of commercial account’s systems of the enterprises of the electric power industry which is a part of holding of the Russian JSC RAO UES in 2005: - there is developed the Technical project and the design documentation on an information-program complex of the AIMS CAEP;
63 64 - there is developed Design documentation of the AIMS CAEP of the power objects and AIMS CAEP of the JSC UES FGC; - there was spent pre-production operation of the AIMS CAEP of the power objects and AIMS CAEP of the JSC UES FGC, CSOD TG and CSOD of the JSC UES FGC; - there were spent works on metrological maintenance of the commercial account’s system of the electric power of the JSC UES FGC; - there are developed requirements and recommendations of the JSC UES FGC to AIMS CAEP the substations concerning to ENEC. Requirements are approved 15.07.2005 by Control centre of reform of the Russian JSC RAO UES; - there is developed the Program of creation of the AIMS CAEP of the ENEC; - there were coordinated investment programs, technical and technological equipment projects on creation of the AIMS CAEP of the OC-Energo (RSK).
8.4. The corporate computer network (CCN). The corporate computer network is the distributed information complex intended for the decision of problems technical, commercial, financial and administration managerial control of structures of electric power industry. In 2005 following works on construction of the CCN of the JSC UES FGC have been lead: - Equipment by a complex of telecommunication systems and a complex of means of office of the JSC UES FGC, in a building to the address of 7/5, Samotechnaya Street. Within the limits of the given works it was spent designing, purchase of the equipment, installation, adjustment of the structured cable system (SCS), the allocated electric distributive network (AEDN, EDN), systems of fire-fighting and conditionings, the local computer network (LCN), systems of an IP-telephony on the basis of decisions Cisco Systems, video conferencing and systems of selector meetings, connection to basic network FSK with input VOLS to a building of office of the JSC UES FGC, in a building to the address of 7/5, Samotechnaya Street; - Creation of information computing infrastructure of the Urals Mountain’s TG and ETG in operative range of Urals Mountain’s TG. Within the limits of the given works it was spent predesign inspection, designing, purchase of the equipment, installation, adjustment of the structured cable system (SKS), the allocated electric distributive network (AEDN, EDN), systems of fire-fighting and conditionings, the local computer network (LCN), infrastructures of network and system services (INSS) Urals Mountain’s TG, ETG of Orenburg, ETG of Chelyabinsk, PEMS of Perm and PEMS of Sverdlovsk. - Designing of information infrastructure of Western Siberian TG and ETG in operative range of Western Siberian TG. Within the limits of the given works it was spent predesign inspection and design engineering of the structured cable system (SKS), the allocated electric distributive network (AEDN, EDN), systems of fire-fighting and conditionings, the local computer network (LCN), infrastructures of network and system services (INSS) Western Siberian TG, ETG of Tyumen, ETG of Hanty-Mansiysk, ETG of Yamalo-Neneckiy Region.
64 65
8.5. Corporate information control system (CICS). The CICS is a final set of information and the control systems incorporated with each other by methodology and special program technologies of integration of systems. The CICS regarding the automated system (AS) of management of business is under construction as the centralized system having resources of the uniform Center of storage and data processing and appendices. Access of users to appendices and data is carried out far off by means of the modern client workplaces based on Web-technologies or terminal access. Regarding the AS of technological management of the CICS is a territorially and functionally distributed infrastructure consisting of a set of interconnected applied systems. There is provided the interrelation the automated system of management with business and the automated system of technological management. The CICS of the JSC UES FGC is intended for automation of management by the basic and providing functional spheres of activity of the JSC UES FGC on following objects: - The executive device of a society in Moscow; - Branches of the Company. It’s possible to use of the systems which are a part of the CICS of the JSC UES FGC for automation of separate kinds of activity MRSK, MOESK, MGESK. During creation the CICS following problems should be solved: - Creation and use of uniform information system of planning, management, the account and the reporting; - Creation of the IT-infrastructure of the JSC UES FGC which provides realization of the purposes of CICS; - Maintenance of information system’s integration in structure of CICS with the purpose of exception of input’s duplication and storage of the information and creation of the uniform scheme and rules of interaction of information systems; - Increase of productivity and practicality of performance business of processes.
Introduction of the automated systems which are a part of the CICS should provide increase company’s controllability due to centralization and ordering of all available information and also granting of operative access to it to managers of the maximum and average part. It’s should be provided decrease in expenses due to more rational expenditure of means such as purchasing activity, management of maintenance service and repairs (MSR), management of actives, exceptions of unapproved expenditure of money resources, and also due to decrease in working costs on maintenance of means of computer facilities. As a result of the CICS’s introduction it’s should be provided increase of reliability in following directions: 1. Increase of reliability in the basic production due to - more efficient MSR’s control and actives; - automation of dispatching technological management’s functions, development of information-technological and communication systems. 2. Increase of reliability of automation’s means due to creation of modern computing base, a platform of integration, system of information safety.
65 66 The following works are leads at construction of the CICS of the JSC UES FGC in 2005 year. There are developed the following organizational-administrative documents that regulate activity in the field of IT - “Regulations about the order of purchase, the organization of commissioning and support of the software” (it’s approved by the order of the JSC UES FGC from 10.02.2005 № 24); Regulations about Design office on creation of the Corporate information control system of the JSC UES FGC (it’s approved by the order of the JSC UES FGC from 02.03.2005 № 39); the Passport of the CICS’s project (it’s approved by the decision of Board of the JSC UES FGC as of 28.06.2005 № 177); the Standard of management of IT-activity in the JSC UES FGC (it’s approved by the decision of Board of the JSC UES FGC as of 14.02.2006 № 228). There were spent works on introduction functional subproject in CICS’s structure (according to the approved project’s passport) including: development and introduction of KPE system; management of actives; planning and budgeting; the accounting, tax account and the reporting; management of the personnel; MSR’s management; the commercial account of the electric power (ASCAEP); management of investment projects (KSUIP); management of purchasing activity; management of property; administrative document circulation; the MRSK concept of automation; management of the distributed resources (KSUPR); dispatching technological management (ASDTU). There are developed works on introduction such infrastructural subproject in CICS’s structure as creation of CICS’s computing base; a corporate portal; system of information safety; management of the norm supplemental information (NSI); a platform of the system’s integration which are a CICS’s part; corporate document circulation. The automated system of planning and the budgeting which realizes new methodology of planning and budgeting for 2006 is developed and entered into commercial operation in the executive device of the JSC UES FGC. The automated subsystem of management by calculations with consumers is developed and entered into trial operation in the executive device of the JSC UES FGC. The typical design decision (TDD) under the accounting, tax account and the reporting is developed and entered into trial operation in the Executive device of the JSC UES FGC and in TG Northwest, including entering in it ETG. The automated system of accounting’s consolidation and tax reporting is developed and passes tests in the Executive device of the JSC UES FGC. Within the limits of the Corporate portal’s creation the Concept of the Corporate portal of the JSC UES FGC, the Technical project on creation of the Corporate portal is developed and approved; there is maid the choice of a program platform for realization of a portal (SAP NetWeaver Enterprise Portal); there is prepared the working prototype of the Corporate portal on platform SAP Portal. Since the 1-st January 2006 year the automated system “the CICS - the Staff” which supports the cores registration business-processes of the block of Management by the personnel is entered into commercial operation in the Executive device. Since the 1-st January 2006 year the automated subsystem “Automated Control Systems – the Salary” is handed over in commercial operation in the Executive device.
66 67 Regarding the automated control systems of maintenance service and repair (MSR) on the basis of SAP R/3 (29.03.2005) strategy of stage-by-stage system’s introduction in the JSC UES FGC is developed and approved by Coordination advice of the CICS’s project; treaties on performance of works on introduction and methodological support of spent works are concluded; the test version of the software for formation of the plan and reflection of the TOiR’s fact with detailed elaboration on inventory objects is created; training employees TG of the Center is lead; there is begun testing for real data in pilot enterprise TG of the Center. Regarding the automated systems of strategic planning repairs there is developed the decision on introduction of expert system of company ABB for planning repairs on importance and a condition of the equipment; there are lead works such as agreed architecture, additional requirements, procedures of a technique’s adaptation of an expert estimation with developers of system, there is begun performance of the pilot project in TG the Center; there is lead the training employees of the Executive device and TG of the Center; there is formed the commission of experts of the JSC UES FGC for adaptation of a base technique of an estimation of a condition and importance of the equipment. Regarding the Corporate control system of investment projects (CCSIP) there are introduced in commercial operation functional subsystems such as the account of investment projects, programs (regarding their financing), execution of the investment budget, the integrated account of contracts and their performance, integration of payment system CCSIP with ASPB and IS of the Exchequers, gathering of the operative reporting on investment activity of the JSC UES FGC. Regarding purchasing activity’s automation in the JSC UES FGC ("the CICS- PURCHASE") there is the environment of development SAP SRM 4.0.; there is coordinated and approved the Technical project on creation “the CICS-PURCHASE”; it’s developed by an automated workplace of "Purchase" which is intended for work with system in a mode off-line in ETG with liaison channels of insufficient throughput. There is developed and introduced the program complex providing process’s automation of transfer of electro network property from joint-stock company-Energo. There is developed and introduced the program complex providing process’s automation of preparation of the report “the Register of non financial capital”; there is developed and passes tests the program complex providing process’s automation of formation of the Register of objects ENES. There is created and introduced the Automated system of administrative document circulation (ASADC). 690 persons are connected to system including all employees of the Executive device, branches of the JSC UES FGC - TG, Elektrosetservis, MRSK, MGESK, MOESK, Inter the Russian JSC RAO UES. There are held the works on creation of System of information safety. There is created computing base of the CICS on the basis of a hardware-software complex of manufacture of company IBM.
67
9. Scientific and technical activity and new technologies 9.1. General information
The main trends of scientific and technical activity of JSC UES FGC for the nearest future are motivated by the company development goals such as improvement of power grid management and provision of its stable development as well as arrangement of conditions for formation of competitive market in the electric power industry. The main trends of scientific and technical activity of JSC UES FGC in 2005 were predicated upon the need to create, develop, introduce into and equip the Unified National Power Grid (UNG) with advanced and effective technologies. The following results were achieved in 2005: 1) The proposal to use FACTS facilities (Flexible Alternative Current Transformers System – a facility for power flow controlling and reactive power compensation) in UNG was elaborated for the future until 2010, high priority units of introduction of FACTS facilities were chosen as well as their economical effectiveness was determined.
2) Development of new FACTS technology facility of second generation – STATKOM of 50 MVA for “Vyborgskaya” substation of 330/400 kV has been commenced, technical proposals on creation of asynchronized compensators of 50 MVA and 100 MVA and asynchronized turbo generators of up to 350 MW were elaborated.
3) Design standards for high-voltage towers of new generation – multisided which provide sufficiently higher technical and economical characteristics as compared with the traditional decisions - were developed.
4) Proposals on scientific and technical programTG were elaborated:
• Integrated Programme on development and creation of advanced technologies and equipment for UNG;
• Integrated Programme on advanced development, operating management enhancement and reliability improvement of UNG;
• Integrated Programme on maintenance and overhaul improvement;
• Programme on revision and development of normative technical documents for supporting operation and development of UNG grid units. 69 5) Basic provisions of engineering policy of JSC UES FGC were developed and confirmed which define clearly new technologies and ways of its implementation in the power grids field.
6) Tasks in scientific and engineering policy field for 2006 were defined whereof the most important are:
• Implementation of Programme on flexible (controlled) ac power distribution systems and voltage control facilities;
• Arrangement of development and introduction of new diagnostic equipment and facilities in grids of JSC UES FGC;
• Formation and implementation of programme on creation of new regulatory environment of engineering administration in electric power industry which includes more than 200 most important documents of industrial nature as a scientific and engineering policy tool.
• Development and implementation target-oriented programme on introduction of the multi-sided towers technology as into JSC UES FGC so into distribution companies.
9.2. Development of new instruments, systems and techniques of equipment diagnostics, operation of substations and power transmission lines 9 reports on use of research and development results in production activity and for managerial needs of JSC UES FGC were confirmed under the contracts: 1. Development of technique of safe operation of overhead transmission lines and switchgear equipment under induced voltage, together with hand-over of type designs of work execution when operating overhead transmission lines and switchgear equipment with induced voltage.
2. Development of technique and equipment for repairing live shackle insulating sets on angle-tension towers of overhead transmission lines of 110-330 kV for emergency repair and recovery operations and schedule operation of overhead transmission lines of 110/330 kV.
3. Development of wire and overhead ground-wire cable repairing techniques using spiral fittings in overhead transmission lines of 110 kV and above when repairing overhead ground-wire cables.
4. Development of criteria and designing of algorithm of integrated assessment of 110-750 kV switches in accordance with the results of operating parameters
69 70 control on development and implementation monitoring test system of live operational switches condition.
5. Development of standards of maximum allowable concentration of oil-dissolved gases for instrument current transformers and voltage transformers to improve the effectiveness of diagnostics of their isolation condition for timely defective equipment detection and timely repair support.
6. Development of standards of humidity for transformer oils of different types of equipment to improve reliable performance of high-voltage oil-filled electrical equipment at the expense of credibility of results of determination and regulation of water content in transformer oils.
7. Development of bearing distances for concrete, wooden and steel multisided towers of overhead transmission lines of 0,38-35 kV with self-supporting insulated, protected and non-insulated wires in accordance with Electrical Installation Regulations, seven edition, for grid engineering.
8. Development of non-destructive method of overhead transmission lines footing actual condition evaluation on the basis of existing express-methods for execution of work to determine technical condition of concrete footings of overhead transmission lines.
9. Development of technical requirements to steel multisided towers of overhead transmission lines of 220-330-500 kV for usage when designing, producing and selling racks and towers in Russian Federation and in CIS countries.
10. Human resources management and social policy The main trends of JSC UES FGC activity within the framework of implementing policy in the field of human resources management in 2005 were: 1. Development of the Company strategy in the field of human resources management;
2. Improvement of the Company approaches in planning and arrangement of personnel development and training;
3. Formation of the Company personnel reserve, personnel quality enhancement and development of Executive Personnel and subsidiaries of the Company;
4. Managerial improvement in accordance with goals and tasks of the Company;
5. Optimization of the Company personnel remuneration programTG, existing personnel motivation programTG, benefits and compensations.
70 71
Personnel number and qualitative composition Number of personnel of JSC UES FGC as of 01.01.2006 is 14,850. Accountable number of the personnel for the period under review was increased by 4,343 persons (by 41%). This increase occurred at the end of 2005 in accordance with the electric power industry restructuring programTG within the framework of organizational structures formation and designing of business processes in all personnel positions of JSC UES FGC ensuring operation of UNG facilities, being accepted from AO-Energo for maintenance servicing by JSC UES FGC. Number Executive personnel 564 Center transmission grids 4,504 East transmission grids 757 Volga transmission grids 873 North-West transmission grids 1,447 Ural transmission grids 2,030 South transmission grids 1,472 Siberia transmission grids 1,831 Western Siberia transmission grids 451 Electrosetservice 726 Center RCTI 49 North-West RCTI 25 South RCTI 26 Volga RTIC 24 Ural RCTI 27 Siberia RCTI 34 Eastern RCTI 10 Total: 14,850
Qualitative composition of JSC UES FGC personnel as of 01.01.2006 Description Total Among that number Education of number of employee employees Employees Employees Women Higher Including Specialized class under 30 of pension Candidate secondary age and of education older Engineering and Doctor of Engineering 1 2 3 4 5 6 7 8 Managers 2,129 142 93 305 1,624 28 445 and deputy managers Specialists 5,115 1,088 260 2,040 3,940 41 1,015
71 72 and officers Workers 7,606 1,412 243 1,344 1,011 2 3,089 Total 14,850 2,642 596 3,689 6,575 71 4,549
Qualitative composition of personnel according to classes 34%
Managers and 14% deputy managers Specialists and officers Workers
52%
Qualitative composition of personnel according to education
44%
Higher
Specialized secondary 31% secondary
25%
Personnel management strategy Developing personnel management strategy the Company proceeded from the following principles: • Business-orientation: Goals of personnel management system are determined by strategic tasks of the Company.
• Complexity: Goals of personnel management system are aimed at harmonization of interests of top managers, personnel and government.
• Focusing: Personnel management strategy determines strategically important (key) classes of personnel and reflects main approach of the Company in personnel relations.
Approved personnel management strategy reflects two main directions of activity: • Providing the Company with personnel in the required number and necessary qualification for operation task solution. 72 73 • Ensuring development of the Company, formation and development of personnel qualities contributing to effective alterations introduction and implementation.
All processes of personnel management, that is to say planning and selection, training and development, evaluation and performance management, motivation and provision of incentives, etc., are made and optimized considering main strategic directions. The main goal of personnel management system is attraction and holding of personnel meeting the Company requirements. These requirements are reflected in the form of corporate competences: • Result orientation: Focusing each employee’s actions on achieving result and implementation of the Company goals, continuous aspiration for achieving result of the higher level.
• Liability: Personal liability for qualitative and timely fulfillment of tasks assigned.
• Loyalty: Consistency of employee’s personal goals to the same of the Company, acceptance of existing rules and standards of operation.
• Flexibility: Openness to new ideas and experience, acceptance of alterations and active participation in introduction and promotion of the same.
• Development orientation: Aspiration for self-development and development of other employees, transfer of skills and knowledge to colleagues and subordinates, introduction of innovations, creativity.
Development and training of personnel Personnel training, retraining, education and development programTG of the Company are aimed, first, at formation of the Company employees corporate and professional competences necessary for ensuring reliable, no-break power supply, and, secondly, at formation of the employees’ managerial competences necessary for stable activity of the Company at the present and in the future. When planning personnel training the Company provides for: • Compulsory periodic training of personnel;
• Training of operating personnel in accordance with job specifications and/or operating conditions.
• Special training directed at personnel experience enrichment;
• Continuing training allowing to improve job performance quality;
• Training of new coming specialists and workers;
73 74 • Training of personnel reserve;
• Development of managers of all levels.
For the purpose of training, retraining, education and development of personnel in year under review in accordance with plans of education of subsidiary personnel and Executive Company personnel the training was completed by 3,716 employees which is 31,6% of average Company personnel number for 2005 (11,765 employees). This has made it possible for high priority and long-term tasks solution of the Company to ensure support of necessary competence, refreshing of theoretical and practical skills, development of required professional, corporate, and managerial competences of the Company personnel. During 2005 the Company was actively taking part in formation of Corporate University of electric power industry in order to determine, form and provide a uniform standard and quality of education for all classes of personnel of transmission grids companies.
Formation of personnel reserve A great attention was devoted to formation of the Company personnel reserve in order to improve qualitative composition and development of Executive personnel and subsidiary personnel in 2005. Organizational and evaluative actions were taken which allowed detecting the most active and promising personnel class of managers’ number for the purpose to form management echelon of new structures being created in the process of restructuring of the Company including newly created subsidiaries of transmission grids, transmission grids companies, transmission grids maintenance and repair companies.
Management system improvement In 2005 among executive personnel of JSC UES FGC there were implemented new approaches in management organization directed at optimization of business processes and interfunctional interactions. As a basis was taken an advanced experience of leading foreign grid companies that was compiled and pooled by the consulting firm “The Boston Consulting Group”. As a result of full-scale reorganization there were determined key competences as well as were formed functional directions implementing this management logic. Basic units of management system defined: Grid management Unit (with the basic competence of assets management), grid and service operator Unit, operation and repair Unit, and service units of financial activity and corporate management. This reorganization laid the foundations for system alterations in the Company that will be continued in 2006. To improve manageability and downsizing of management on the basis of Solutions of Board of Directors of JSC UES FGC adopted at the end of December 2004, in 2005 there were formed subsidiaries of JSC UES FGC distribution grids of Western Siberia and three distribution grid companies (Khanty-Mansiysk Transmission grid Company, Tyumen Transmission grid Company, Yamalo-Nenets Transmission Company).
74 75 Optimization of personnel motivation programme For the purpose of the Company personnel remuneration optimization the following projects were implemented: Beginning from 2 quarter of 2005 there was an increase of remuneration rates for personnel of the Company subsidiaries on the basis of market research in the regions of distribution grid Companies and specialized production facilities to ensure competitive advantage in the labor market and hold highly qualified workers as a grounds of reliable maintenance and repair servicing of power grids. Wages increase was especially timely in 2005 and it improved personnel motivation. It should be noted that wages increase comprised 25-50% (depending on experience level). From the beginning of the period under review for executive personnel wage conditions were changed which means easier and more transparent payment system saving wages level which allowed improving motivation system efficiency. Development and implementation of number of significant programTG was continued for the purpose of implementing uniform social policy of the Company in 2005, in particular: • Non-state pension plan programme for the Company personnel is being full-scale implemented. Personal pension accounts for the Company personnel in Non-state pension fund of electric power industry were opened.
• The programme “Veteran”, reflecting goal-oriented policy of the Company on providing material assistance to power grids veterans, was developed and accepted for introduction. Approved Regulations on material assistance to veterans of JSC UES FGC is being implemented for the purpose of normalization and harmonization of material assistance payments to the Company veterans.
11. Appendices Appendix 1 Subsidiaries of JSC UES FGC as of 31.12.2005 1. Subsidiary of JSC UES FGC – Center transmission 105318, Moscow, grids Tkatskaya Str., 1 2. Subsidiary of JSC UES FGC– North-West 194223, Saint-Petersburg, transmission grids Kurchatova Str., 1 3. Subsidiary of JSC UES FGC – Volga transmission 443100, Samara, Polevaya grids Str., 5 4. Subsidiary of JSC UES FGC – South transmission Zheleznovodsk city, grids Inozemtsevo settlement, Darnitskiy lane, 2 5. Subsidiary of JSC UES FGC – Ural transmission 620219, Yekaterinburg, grids Tolmachova Str., 6 6. Subsidiary of JSC UES FGC – Siberia transmission 660062, Krasnoyarsk, grids Svobodniy prospect, 66A 7. Subsidiary of JSC UES FGC – Far East transmission 630030, Khabarovsk,
75 76 grids Sheronova Str., 65 8. Subsidiary of JSC UES FGC on execution of special 115035, Moscow, works in power grids “Electrosetservice” Sadovnicheskaya Str., 27, bldg 8 9. Subsidiary of JSC UES FGC – Center Regional 105318, Moscow, Technical Inspection Center Tkatskaya Str., 1 10. Subsidiary of JSC UES FGC – North-West Regional 194223, Saint-Petersburg, Technical Inspection Center Kurchatova Str., 1 11. Subsidiary of JSC UES FGC – Volga Regional 443100, Samara, Polevaya Technical Inspection Center Str., 5 12. Subsidiary of JSC UES FGC – South Regional Zheleznovodsk city, Technical Inspection Center Inozemtsevo settlement, Darnitskiy lane, 2 13. Subsidiary of JSC UES FGC – Ural Regional 620219, Yekaterinburg, Technical Inspection Center Tolmachova Str., 6 14. Subsidiary of JSC UES FGC – Siberia Regional 660062, Krasnoyarsk, Technical Inspection Center Svobodniy prospect, 66A 15. Subsidiary of JSC UES FGC – Far East transmission 630030, Khabarovsk, grid Company Sheronova Str., 65 16. Subsidiary of JSC UES FGC – Nizhegorodskaya 603600, Nizhniy Novgorod, transmission grid Company Shlisselburgskaya Str., 29 17. Subsidiary of JSC UES FGC – Chernozemnaya 305026, Kursk, Garazhnaya transmission grid Company Str., 1 18. Subsidiary of JSC UES FGC – Volgo-Okskaya 600902, Vladimir, transmission grid Company Energetik settlement, Energetikov Str., 31 19. Subsidiary of JSC UES FGC – Volgo-Donskaya 400006, Volgograd, transmission grid Company prospect im. Lenina, 221A 20. Subsidiary of JSC UES FGC – Vologodskaya 160023, Vologda, transmission grid Company Planernaya Str., 18 21. Subsidiary of JSC UES FGC – Priokskaya 300012, Tula, Timiryazeva transmission grid Company Str., 101A 22. Subsidiary of JSC UES FGC – Moskovskaya 141870, Moscow Region, transmission grid Company Dmitrovski District, “Beliy Rast” Substation 750 kV 23. Subsidiary of JSC UES FGC – Verkhne-Donskaya 392543, Tambov Region, transmission grid Company Tambovski District, Komsomolets settlement 24. Subsidiary of JSC UES FGC – Valdayskaya 170001, Tver, prospect transmission grid Company Kalinina, 55 25. Subsidiary of JSC UES FGC – Amurskaya 676400, Amur Region, transmission grid Company Svobodniy city, Shatkovskogo Str., 101 26. Subsidiary of JSC UES FGC – Khabarovskaya 680032, Khabarovsk
76 77 transmission grid Company Territory, Khabarovsk, Tselinnaya Str., 3 27. Subsidiary of JSC UES FGC – Primorskaya 690000, Promorski Krai, transmission grid Company Vladivostok, Mordovtseva Str., 3 28. Subsidiary of JSC UES FGC – Far East Production 680032, Khabarovsk and overhaul Company Territory, Khabarovsk, Tselinnaya Str., 3 29. Subsidiary of JSC UES FGC – Krasnoyarskaya 660013, Krasnoyarsk, transmission grid Company Tomskaya Str., 4A 30. Subsidiary of JSC UES FGC – Zabaikalskaya 670047, Republic of transmission grid Company Buryatia, Ulan-Ude, Sakhyanovoy Str., 5 31. Subsidiary of JSC UES FGC – Kuzbasskaya 650004, Kemerovo, transmission grid Company Kirchanova Str., 25A 32. Subsidiary of JSC UES FGC – Omskaya 644035, Omsk, prospect transmission grid Company Gubkina, 4 33. Subsidiary of JSC UES FGC – West-Siberian 656002, Barnaul, prospect transmission grid Company Kalinina, 17 34. Subsidiary of JSC UES FGC – Khakasskaya 662793, Republic of transmission grid Company Khakassia, Sayanogorsk city, Industrialnaya Str., 39 35. Subsidiary of JSC UES FGC – Sverdlovskaya 620085, Sverdlovsk transmission grid Company Region, Yekaterinburg, Malakhitovi lane, 3 36. Subsidiary of JSC UES FGC – Chelyabinskaya 454008, Chelyabinsk, 2-nd transmission grid Company Zapadni Proezd, 6A 37. Subsidiary of JSC UES FGC – Permskaya 614058, Perm Region, transmission grid Company Perm, Visherskaya Str., 34 38. Subsidiary of JSC UES FGC – Orenburgskaya 460048, Orenburg, Proezd distribution grid Company Avtomatiki, 15 39. Subsidiary of JSC UES FGC – Verkhne-Volzhskaya 425010, Mariy-El, transmission grid Company Volzhskiy District Privolzhskiy settlement 40. Subsidiary of JSC UES FGC – Sredne-Volzhskaya 433100, Ulyanovsk Region, transmission grid Company Veshkaima urban settlement, Energetikov Str., 11 41. Subsidiary of JSC UES FGC – Samarskaya 443109, Samara, transmission grid Company Zubchaninovskoye shosse, 130 42. Subsidiary of JSC UES FGC – Nizhne-Volzhskaya 410038, Saratov, transmission grid Company Sokolovaya gora, 40 43. Subsidiary of JSC UES FGC – Stavropolskaya 357400, Stavropol
77 78 transmission grid Company Territory, Zheleznovodsk city, industrial area of food companies 44. Subsidiary of JSC UES FGC – Kubanskaya 35212, Krasnodar Territory, transmission grid Company Tikhoretsk city, Peredovaya Str., 1A 45. Subsidiary of JSC UES FGC – Rostovskaya 347349, Rostov Region, transmission grid Company Vogodonski District, Salovski settlement 46. Subsidiary of JSC UES FGC - Energy facilities 354000, Krasnodar construction Management of Sochi City Territory, Sochi city, Karla Libknekhta Str., 10 47. Subsidiary of JSC UES FGC – Bryanskaya 243360, Bryans Region, transmission grid Company Vygonichi settlement, Novobryanskaya Str. 48. Subsidiary of JSC UES FGC – Vyborgskaya 188932, Leningrad Region, transmission grid Company Vyborgski District, Perovo settlement 49. Subsidiary of JSC UES FGC Novgorodskaya 173021, Novgorod Region, transmission grid Company Novgorodski District, Novaya Melnitsa village, 27A 50. Subsidiary of JSC UES FGC – Karelskaya 185013, Republic of transmission grid Company Karelia, Petrozavodsk city, Veterinarniy lane, 11 51. Subsidiary of JSC UES FGC – Specialized 142408, Moscow Region, production facility “Electrosetremont” Noginsk city, Parkovaya Str., 1 52. Subsidiary of JSC UES FGC – Mikhailovsk 391710, Ryazan Region, specialized production facility of “Electrosetservice” Elektrik settlement 53. Subsidiary of JSC UES FGC – Novgorod specialized 173023, Novgorod Region, production facility of “Electrosetservice” Novgorodski District, Novaya Melnitsa village, 27A 54. Subsidiary of JSC UES FGC – Novosibirsk 630126, Novosibirsk, specialized production facility of “Electrosetservice” Klenovaya Str., 10/1 55. Subsidiary of JSC UES FGC – Sredne-Volzhskaya 433200, Ulyanovsk Region, specialized production facility of “Electrosetservice” Veshkaima urban settlement, Veshkaimski District, 40 let Oktyabrya Str., 101 56. Subsidiary of JSC UES FGC – specialized 141870, Moscow Region, production facility “Beliy Rast” Dmitrovski District, Substation “Beliy Rast”
78 79 750 kV 57. Subsidiary of JSC UES FGC – specialized 357519, Pyatigorsk city, production facility of “Electrosetservice” Lermontovski razezd, Industrial area 58. Subsidiary of JSC UES FGC – West Siberian Russia, 628406, Tyumen transmission grids Region, Khanty-Mansiysk Autonomous District, Surgut city, Universitetskaya Str., 4 59. Subsidiary of JSC UES FGC – Khanty-Mansiyskaya Russia, 628406, Tyumen transmission grid Company Region, Khanty-Mansiysk Autonomous District, Surgut city, Universitetskaya Str., 4 60. Subsidiary of JSC UES FGC – Tymenskaya Russia, 625000, Tyumen transmission grid Company Region, Tyumen, Central District, 5th km of Velizhanski trakt, Substation “Tyumen” 61. Subsidiary of JSC UES FGC – Yamalo-Nenetskaya Russia, 629809, Tyumen transmission grid Company Region, Yamalo-Nenets Autonomous District, Noyabrsk city, Industrial area, South-Eastern junction, panel No. 9 “B”, assembly-storage facility 62. Subsidiary of JSC UES FGC – Tyumenskaya Russia, 628406, Tyumen management and communications systems Company Region, Khanty-Mansiysk Autonomous District, Surgut city, Universitetskaya Str., 4
79 80
Appendix 2
Share of JSC UES FGC in the authorized capitals and voting shares of joint-stock companies as of December 31, 2005
No. Company Share in the Share of votes, authorized capital, % 1. JCS “Nurenergo” 61,54 61,54 2. JSC “MUS Energetiki” 99,99 99,99 3. JSC “EnergoRynok” 8,5 8,5 4. JSC “ITGC “Center” 15 15 5. JSC “ITGC “South” 15 15 6. JSC “ITGC “North-West” 15 15 7. JSC “ITGC “Volga” 15 15 8. JSC “ITGC ”Ural” 15 15 9. JSC “ITGC “Siberia” 15 15 10. JSC “ITGC ”Far East” 15 15
80 81
Appendix 3
Information disclosed at stages of issue of issue securities as material facts, and also in the form of statements on material facts STATEMENT OF A MATERIAL FACT "DATA ON ISSUE OF SECURITIES BY THE EMITTER"
1. Full company name of the emitter with indication of the organizational-legal form: joint- stock company " Federal Grid Company of the Unified Energy System". 2. Location of the emitter: 187000, the Leningrad region, Тоsno, SS "Leningradskaya". 3. Identification number of the tax bearer appropriated to the emitter by tax bodies: 4716016979. 4. Unique code of the emitter appropriated by registering body: 65018-D. 5. Code of a material fact: 0565018D18012005. 6. Address of page in the "Internet" used by the emitter for publication of statements on material facts: http://www.fsk-ees.ru. 7. Name of the periodic printed edition used by the emitter for publication of statements on material facts: “Vedomosti” newspaper, "Supplement to the reporter of FFMS". 8. Data on the state registration of the report on results of issue of securities: class, category (type), series and other identification attributes of securities: documentary interest unconvertible bearer bonds of series 01 with the obligatory centralized storage (hereinafter - Bonds); state registration number of issue of securities and date of the state registration: N 4-01-65018- D as of December 2, 2004; the name of the registering body which carried out state registration of securities: FFMS of Russia
Quantity of the placed securities and par value of each security: quantity of the placed bonds 5 000 000 (Five million) pieces of par value of 1 000 (One thousand) rubles each; a share of actually placed securities: 100 %; volume of issue of securities by the par value: 5 000 000 000 (Five billion) rubles; way of floatation of securities: open subscription; actual date of floatation beginning of securities: 21.12.2004; actual date of termination of floatation : Term of repayment: on the1092th (One thousand ninety second) day from the date of the beginning of floatation of bonds of the release; the fact of registration of the prospectus of securities simultaneously with the state registration of issue of these securities, and also the fact of signing of the prospectus of securities by the financial adviser for the securities market: the prospectus of securities was registered simultaneously with the state registration of issue of these securities. The prospectus of securities was signed by the financial adviser for the securities market;
The order of providing of access to the information containing in the report on results of issue of securities, including the address of page in the Internet, where the text of the report on results of issue of securities is published: in time not later than 3 (three) days from the date of the state registration of the report on results of issue of securities, the Emitter places the text of the registered report on results of issue of securities on the page of the Emitter in the Internet http://www.fsk-ees.ru . The text of the registered report on results of issue of securities should be placed on the page of the Emitter in the Internet from the date of its floatation on page of the Emitter in the Internet before expiry of the term of the circulation of Bonds. Since the date of the publication by the Emitter in “Vedomosti” newspaper of the information on the state registration of the report on results of release,
81 82 all interested persons can examine the report on results of issue of securities and receive its copy at the following addresses:
JSC UES FGC Address: the Russian Federation, 117630, the city of Moscow, Akademika Chelomeya Street, 5A Phone: (095) 929-1518 Fax: (095) 925-2820 Page in the Internet: http: // www.fsk-ees.ru
JSC IK Troika Dialog Address: the Russian Federation, 125009, the city of Moscow, Romanova Lane, 4 Phone: (095) 258-0500 Fax: (095) 258-0547 Page in the Internet: http: // www.troika.ru;
For granting of copies of the decision on issue of securities, the prospectus of securities and the report on results of issue of securities, the payment can be established, which size should not exceed the expense for their manufacturing. Full and reduced company naTG of the financial adviser for the securities market, its location: JSC Federal Fund Corporation" (JSC FFC), 119034, Moscow, Ostozhenka Street, 25;
Date of the state registration of the report on results of issue of securities: January 18, 2005; name of the registering body, which has carried out the state registration of the report on results of issue of securities: FFMS of Russia.
DATA ON PURCHASE BY THE JOINT-STOCK COMPANY OF MORE THAN 20 PERCENT OF VOTING SHARES OF ANOTHER JOINT-STOCK COMPANY
Information on the joint-stock company, which purchased more than 20 percent of voting shares of another joint-stock company: The full company name of the emitter: joint-stock company " Federal Grid Company of the Unified Energy System". Location of the emitter: 187000, the Leningrad region, Тоsno, SS "Leningradskaya".
Postal address: 117630 Moscow, Akademika Chelomeya Street,. 5A number of contact phone: (095) 929-1518, number and date of the state registration: number of the certificate on the state registration: 21081 series LO-002, number in the register of legal persons 00/03124, date of the state registration of the emitter: 25.06.2002,
Data on making an entry in the Uniform state register of legal persons about the legal person registered till July 1, 2002: basic state registration number: 1024701893336, date of registration (date of making an entry): 20.08.2002 size of the authorized capital: RUR 121 607 242 thousand quantity of voting shares (with division by categories, types) of the joint-stock company, which actions are purchased, in view of the last purchase: ordinary registered shares of JSC Nurenergo in the amount of RUR 943 000 000;
82 83 Amount of purchased voting shares of the joint-stock company, which shares are purchased (with division by categories, types), with indication of the date of last purchase: ordinary registered shares of of JSC Nurenergo in the amount of RUR 943 000 000, date of purchase: 31.12.2004; Basis of purchase: the contract for the sale and purchase between JSC Nurenergo and JSC UES FGC N 2041 as of 17.11.2004 and the additional agreement to it N 1 as of 17.12.2004 ; Information on a society, voting shares of which are purchased: - Full company name: JSC Nurenergo; - Location: the Chechen Republic, Grozny city, Staropromyslovskoe highway, 6; - - Postal Address: the Chechen Republic, Grozny city, Staropromyslovskoe highway, 6; - - Number and date of the state registration: N 3151 as of 04.12.2001, PSRN 1022002546136 as of 02.12.2002; - - Size of the authorized capital: RUR 1 532 285 411; - - Quantity of voting shares (with division by categories, types) - ordinary registered shares in the amount of 1 532 285 411 pieces; - - Availability of the independent registrar having the license of Federal Commission for the Securities Market of Russia, with indication of its name, location and number of the license: JSC Central Moscow Depository, the license of Federal Commission for the Securities Market of Russia for realization of activity on conducting the register N. 10- 000-1-00255 as of 13.09.2002, Location: 105082, Moscow, Bolshaya Pochtovaya Street , 34, bld. 8
STATEMENT OF A MATERIAL FACT "DATA ON RESOLUTIONS OF GENERAL MEETINGS"
1. Full company name of the emitter with indication of the organizational-legal form: Joint- Stock Company "Federal Grid Company of the Unified Energy System". 2. Location of the emitter: 187000, the Leningrad region, Тоsno city, SS "Leningradskaya". 3. Identification number of the tax bearer given to the emitter by tax bodies: 4716016979. 4. Unique code of the emitter given by registering body: 65018-D. 5. Code of a material fact: 1065018D17032005. 6. Address of page in the "Internet" used by the emitter for publication of statements on material facts: http://www.fsk-ees.ru. 7. Name of the periodic printed edition used by the emitter for publication of statements on material facts: “Vedomosti” newspaper, "Supplement to the Reporter of FFMS". 8. Type of general meeting: extraordinary (according to item 11.1 of item 11 of the Charter of JSC UES FGC, the function of general meeting of shareholders of JSC UES FGC is executed by the Board of Directors of JSC RAO UES of Russia). 9. Form of carrying out of the general meeting: absentee voting.
10. Date and place of carrying out of the general meeting: 17.03.2005; place of summarizing of voting: Moscow, Vernadskogo Avenue,101, building 3. 11. Quorum of the general meeting: 15 out of 15 members of the Board of directors of JSC RAO UES of Russia took part in voting, the quorum for decision-making is present. 12.Questions put to the vote, and results of voting on them:
Performance of functions of the extraordinary general meeting of shareholders of JSC UES FGC
Results of voting: adopted unanimously
13. Formulation of the decisions accepted by the general meeting.
83 84 In was resolved to make the following changes in the Charter of JSC UES FGC: Clause 1: the first paragraph of item 1.4. shall be stated in the following wording: "Location of the Company: 117630, Moscow, Akademika Chelomeya Street, 5A".
STATEMENT OF A MATERIAL FACT "DATA ON RESOLUTION-MAKING BY THE AUTHORIZED BODY OF THE EMITTER ON ISSUE OF ISSUE SECURITIES"
1. Full company name of the emitter (name of the non-profit company) with indication of the organizational-legal form: Joint-Stock Company "Federal Grid Company of the Unified Energy System". 2. Location of the emitter: 187000, the Leningrad region, Тоsno, SS "Leningradskaya". 3. Identification number of the tax bearer appropriated to the emitter by tax bodies: 4716016979. 4. Unique code of the emitter appropriated by registering body: 65018-D. 5. Code of a material fact: 1165018D21032005.. 6. Address of page in the "Internet" used by the emitter for publication of statements on material facts: http://www.fsk-ees.ru. 7. Name of the periodic printed edition used by the emitter for publication of statements on material facts: “Vedomosti” newspaper, "Supplement to the Reporter of FFMS". 8. The controls of the emitter, which made the resolution on issue (additional release) of securities: the Board of Directors of the JSC "Federal Grid Company of the Unified Energy System". 9. Date of carrying out of the meeting (session) of controls of the emitter, where the resolution on approval of the decision on issue (additional release) of securities was taken: 21.03.2005. 10. Date of drawing up and number of the minutes of the meeting (session) of controls of the emitter, where the resolution on approval of the decision on issue (additional release) of securities was taken: Minutes N 21 as of 21.03.2005. 11. Class, category (type), series and other identification attributes of floated securities: documentary interest unconvertible bearer bonds of series 02 with the obligatory centralized storage (hereinafter - Bonds). 12. Quantity of placed securities and par value of each placed security: 7 000 000 (seven million) pieces with par value of 1 000 (one thousand) rubles each. 13. Way of floatation of securities: open subscription. 14. Price of floatation of securities or the procedure of its definition (it is indicated in case the corresponding information is included in the decision on issue (additional release) of securities):
The price of floatation of Bonds is established equal to 1000 (one thousand) rubles for one Bond. From the second day of floatation of Bonds of the release, the buyer at conclusion of the transaction of sale and purchase of Bonds also pays the accumulated long coupon on the Bonds (ACI) defined according to the following formula: ACI = Nom * C * ((T - T0) / 365) / 100 %, where
ACI –accumulated long coupon, RUR Nom – nominal cost of one Bond, RUR; С – amount of the interest rate of the first coupon, percent annual; T – date of floatation of Bonds; T0 – date of beginning of Bonds floatation
The size of the accumulated long coupon with a view to one Bond is defined accurate to one copeck (rounding-off is made according to the rules of mathematical rounding-off. Thus, a method of rules of mathematical rounding-off is a method, when the value of the whole copeck (the whole copecks) does
84 85 not change if the first figure following the approximated figure is equal from 0 up to 4, and it changes, increasing by 1, if the first figure following after the approximated figure is equal from 5 up to 9).
15. Term (dates of beginning and termination) of floatation of securities or the procedure of its definition: The date of beginning of floatation , or the procedure of its definition: The date of beginning of floatation of Bonds is defined by the authorized controls of the Emitter and is advised to all interested persons according to the legislation of the Russian Federation and the procedure of disclosing of the information, specified in item 11 of the Decision on issue and item 2.9 of the Prospectus.
Thus, the date of beginning of floatation of Bonds cannot be established earlier, than two weeks after publication of the statement on the state registration of the issue of securities according to the legislation of the Russian Federation and the procedure of disclosing of the information, specified in item 11 of the Decision on issue and item 2.9 of the Prospectus.
The specified fortnight term starts from the moment of the publication of the statement on the state registration of the issue of Bonds in “Vedomosti” Newspaper.
The date of beginning of floatation of the Bonds, defined by the authorized controls of the Emitter, can be changed by the decision of the same controls of the Emitter, provided that the requirements to the procedure of disclosing of the information on change of the date of beginning of floatation of the Bonds defined by the legislation of the Russian Federation, the Decision on issue and the Prospectus are observed.
Date of termination of floatation , or the procedure of its definition: the Date of termination of floatation of Bonds is the earlier one of the following dates: a) 10-th business day from the date of the beginning of floatation of Bonds; b) date of floatation of the last Bond of the release.
Thus, the date of termination of floatation cannot be later, than one year from the date of the state registration of the issue of Bonds. 16. Other conditions of floatation of the securities defined by the decision on the release:
Floatation of Bonds is carried out through the Organizer of trade. Potential buyer of Bonds can operate independently, being the Participant of the tenders of the Organizer of trade. In case the potential buyer is not the Participant of the tenders, it should conclude the corresponding contract with any broker being the Participant of the tenders, and to charge it with purchase of Bonds, or to become the Participant of the tenders and to operate independently.
Obligatory condition of purchase of Bonds at their floatation is preliminary reservation of the volume of the buyer’s money resources sufficient for purchase, on the account of the Participant of the tenders, on behalf of which the application for purchase of Bonds is submitted, in the Clearing House of the Moscow Interbank Stock Exchange.
Underwriter have the right to purchase Bonds at its own expense during the term of their floatation provided that the share of Bonds is placed equal to not less than 75 % of total of securities of the issue at the moment of purchase, right after floatation of the specified share. Purchase of Bonds of the Emitter during their floatation cannot be carried out at the expense of the Emitter.
Money resources should be preliminary reserved by Participants of the tenders in the sum sufficient for full payment of the quantity of Bonds, which is specified in applications for purchase of Bonds, in
85 86 view of all necessary commission gathering (since the second day of floatation in addition, in view of ACI).
For conclusion of the transaction of sale and purchase of Bonds at their floatation , the potential buyer is obliged in advance (before the date of beginning of floatation of Bonds) to open the corresponding account of depot in the Depository, carrying out the centralized storage of Bonds of the release, or in another depository, being the depositor in relation to the Depository. The procedure and terms of opening of accounts of depot are defined by provisions of rules of the corresponding Depositories.
Change and-or cancellation of the contracts concluded at floatation of Bonds is carried out on the bases and according to the procedures stipulated by Chapter 29 of the Civil Code of the Russian Federation. The share of securities, at non-floatation of which the issue of securities is declared not taken place is not established.
The opportunity of the installments at payment of securities of the issue is not stipulated. The preemptive right to purchase of Bonds is not established. The non-cash form of payment by of money resources in rubles of the Russian Federation is stipulated at purchase of securities of the release.
STATEMENT OF A MATERIAL FACT "DATA ON ISSUE OF SECURITIES BY THE EMITTER"
1. Full company name of the emitter (name of the non-profit company) with indication of the organizational-legal form: Joint-Stock Company "Federal Grid Company of the Unified Energy System". 2. Location of the emitter: 187000, the Leningrad region, Тоsno, SS "Leningradskaya". 3. Identification number of the tax bearer appropriated to the emitter by tax bodies: 4716016979. 4. Unique code of the emitter appropriated by registering body: 65018-D. 5. Code of a material fact: 1165018D21032005.. 6. Address of page in the "Internet" used by the emitter for publication of statements on material facts: http://www.fsk-ees.ru. 7. Name of the periodic printed edition used by the emitter for publication of statements on material facts: “Vedomosti” newspaper, "Supplement to the Reporter of FFMS".
8. Data on decision-making on floatation of securities: class, category (type), series and other identification attributes of securities: documentary interest unconvertible bearer bonds of series 02 with the obligatory centralized storage (hereinafter - Bonds); quantity of placed securities and par value of each placed security: 7 000 000 (seven million) pieces with par value of 1 000 (one thousand) rubles each;
Way of floatation of securities: public offering; Other conditions of floatation of the securities defined by the decision on their floatation : - the Price of floatation of Bonds is equal to 1000 rubles (100 % from the par value of Bonds); - Payment of the income in the form of interests from the par value of Bonds is provided;
- Date of beginning of repayment of Bonds is the1820th (one thousand eight hundred twentieth) day from the date of the beginning of floatation of Bonds of the release. Dates of beginning and termination of repayment coincide. Repayment of Bonds and payment of incoTG on them are carried out by the payment agent on behalf of and at the expense of the Society in the non-cash form money resources in rubles of the Russian Federation.
86 87 If the date of repayment of Bonds is the day off irrespective of the fact whether it is a state day off or the day off for settlement operations, in this case the payment of the necessary sum is made on the first business day following after the day off. Owner of Bonds has no right to demand charge of interests or any other indemnification for such a delay of payment.
Preschedule repayment of Bonds is not stipulated. On the date of repayment of Bonds, the payment agent transferred the necessary money resources to the accounts of the persons having the right to receive the sums of repayment on the Bonds, in favor of owners of Bonds. In case one person is authorized for reception of the sums of repayment on the Bonds from several owners of Bonds, the total sum is transferred without division by each owner of Bonds to this person. The controls of the emitter, which made a decision on floatation of securities: the Board of Directors of the JSC "Federal Grid Company of the Unified energy System"; Date of carrying out of the meeting (session) of controls of the emitter, where the decision on floatation of the securities was accepted: 21.03.2005; Date of drawing up and number of the minutes of the meeting (session) of controls of the emitter, where the decision on floatation of securities was accepted: minutes N 21as of 21.03.2005.
DATA ON PURCHASE BY THE JOINT-STOCK COMPANY OF MORE THAN 20 PERCENT OF VOTING SHARES OF ANOTHER JOINT-STOCK COMPANY
Information on the joint-stock company, which purchased more than 20 percent of voting shares of another joint-stock company: Full company name of the emitter: Joint-Stock Company "Federal Grid Company of the Unified Energy System". Location of the emitter: 187000, the Leningrad region, Тоsno, SS "Leningradskaya". Postal address: 117630 Moscow, Akademika Chelomeya Street,. 5A number of contact phone: (095) 929-1518, number and date of the state registration: number of the certificate on the state registration: 21081 series LO-002, number in the register of legal persons 00/03124, date of the state registration of the emitter: 25.06.2002,
Data on making an entry in the Uniform state register of legal persons about the legal person registered till July 1, 2002: basic state registration number: 1024701893336, date of registration (date of making an entry): 20.08.2002 size of the authorized capital: RUR 121 607 242 thousand quantity of voting shares (with division by categories, types) of the joint-stock company, which actions are purchased, in view of the last purchase: ordinary registered shares of JSC Moscow Power Communication Center (JSC MUS Energetiki) in the amount of RUR 10 059 (ten thousand fifty nine) pieces;
The quantity of the purchased voting shares of the joint-stock company, the shares of which were purchased (with division by categories, types), with indication of the date of the last purchase: ordinary registered shares of JSC MUS Energetiki in the amount of 10 059 (ten thousand fifty nine) pieces, date of purchase: 15.04.2005;
Foundation of purchase: the contract of sale and purchase of shares between JSC MUS Energetiki and JSC UES FGC as of 30.03.2005 N 79-15/KP-7. The information on the Company, the voting shares of which are purchases: - full company name: Joint-Stock Company JSC Moscow Power Communication Center;
- Location: the Russian Federation, Moscow, Kitaigorodsky Passage, 7;
87 88 - Postal address: the Russian Federation, 103074, Moscow, Kitaigorodsky Passage, 7; - number and date of the state registration: N 011.686 as of 05.07.1993, PSRN 1027739290897 as of 01.10.2002; - Size of the authorized capital: 503 000 (five hundred three thousand) rubles; - quantity of voting shares (with division by categories, types) - ordinary registered shares in the amount of 10 060 (ten thousand sixty) pieces; - presence of the independent registrar having the license of the Federal Commission for the Securities Market of Russia, with indication of its name, location and number of the license: JSC Central Moscow Depository, the license of the Federal Commission for the Securities Market of Russia for realization of activity on conducting the register
N 10-000-1-00255 as of 13.09.2002, location: 105082, Moscow, Bolshaya Pochtovaya Street, 34, bld. 8. Result of the preliminary coordination with antimonopoly body of purchase by the joint-stock company of more than 20 percent of voting shares of another joint-stock company: conclusion of the FAS of Russia about satisfaction of the petition for purchase of shares of JSC MUS Energetiki as of 05.03.2005 N AG/2874.
STATEMENT OF A MATERIAL FACT "DATA ON ISSUE OF SECURITIES BY THE EMITTER"
1. Full company name of the emitter (name of the non-profit company) with indication of the organizational-legal form: Joint-Stock Company "Federal Grid Company of the Unified Energy System". 2. Location of the emitter: 187000, the Leningrad region, Тоsno, SS "Leningradskaya". 3. Identification number of the tax bearer appropriated to the emitter by tax bodies: 4716016979. 4. Unique code of the emitter appropriated by registering body: 65018-D. 5. Code of a material fact: 0565018D11052005.. 6. Address of page in the "Internet" used by the emitter for publication of statements on material facts: http://www.fsk-ees.ru. 7. Name of the periodic printed edition used by the emitter for publication of statements on material facts: “Vedomosti” newspaper, "Supplement to the Reporter of FFMS".
8. Data on the state registration of issue securities: class, category (type), series and other identification attributes of securities: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 02 (hereinafter - Bonds). Quantity of placed securities: 7 000 000 (seven million) pieces; Par value of each security: 1 000 (one thousand) rubles; way of floatation of securities: the public offering; Term of repayment: on the 1820th (one thousand eight hundred twentieth) day from the date of the beginning of floatation of Bonds of the release; granting to shareholders (participants) of the emitter of the preemptive right to purchase of securities:not established; the state registration of the prospectus of securities was carried out simultaneously with the state registration of issue of securities;
The order of providing of access to the information containing in the prospectus of securities, including the address of page in the Internet, where the text of the prospectus of securities is published: not later than 3 days from the date of the state registration of issue of Bonds, the Emitter publishes the text of the registered Prospectus on the web site of the Emitter in the Internet (www. fsk-ees.ru).
88 89 The text of the registered Prospectus will be available in the Internet www. fsk-ees.ru beginning from the date of its publication before the expiry of 6 months from the date of publication of the registered report on results of the issue of Bonds in the Internet. From the date of the state registration of the issue of Bonds, all interested persons can examine the Decision on issue and the Prospectus, and also to receive their copies at the following addresses:
JSC UES FGC the Russian Federation, 117630, the city of Moscow, Akademika Chelomeya Street, 5 A Phone: (095) 710 6692, 710 9037 Fax: (095) 925 2820, 710 9696 Page in the Internet: www.fsk-ees.ru
TRUST Investment bank Joint-Stock Company", 101990, the Russian Federation, Moscow, Kolpachny Lane, 4/4, ph. (095) 247-2591, (095) 207-2519, www.trust.ru
• The emitter is obliged to give copies of the specified documents to owners of securities of the Emitter and other interested persons upon their requirement for the payment, which does not exceed charges on manufacturing of such copies, in time not later than 7 days from the date of presentation of the requirement. • The prospectus of securities was signed by the financial adviser for the securities market:
Full and reduced company naTG: JSC Federal Fund Corporation" (JSC FFC), Location:119034, Moscow, Ostozhenka Street, 25; Date of the state registration of the issue of securities: 11.05.2005; name of the registering body: FFMS of Russia State registration number of the issue of securities: 4-02-65018-D Term of floatation of securities or procedure of its definition:
The Date of beginning of floatation , or the procedure of its definition
The date of beginning of floatation of Bonds is defined by the authorized controls of the Emitter and is advised to all interested persons according to the legislation of the Russian Federation and the procedure of disclosing of the information, specified in item 11 of the Decision on issue and item 2.9 of the Prospectus.
Thus, the date of beginning of floatation of Bonds cannot be established earlier, than two weeks after publication of the statement on the state registration of the issue of securities according to the legislation of the Russian Federation and the procedure of disclosing of the information, specified in item 11 of the Decision on issue and item 2.9 of the Prospectus.
The specified fortnight term starts from the moment of the publication of the statement on the state registration of the issue of Bonds in “Vedomosti” Newspaper.
The date of beginning of floatation of the Bonds, defined by the authorized controls of the Emitter, can be changed by the decision of the same controls of the Emitter, provided that the requirements to the procedure of disclosing of the information on change of the date of beginning of floatation of the Bonds, certain by the legislation of the Russian Federation, the Decision on issue and the Prospectus are observed.
89 90 Date of termination of floatation , or the procedure of its definition: the Date of termination of floatation of Bonds is the earlier one of the following dates: a) 10-th business day from the date of the beginning of floatation of Bonds; b) date of floatation of the last Bond of the release. Thus the date of termination of floatation cannot be later than one year after the date of the state registration of the issue of Bonds
• price of floatation of bonds and procedure of its definition: The price of floatation of Bonds is established equal to 1000 (one thousand) rubles for one Bond. From the second day of floatation of Bonds of the release, the buyer at conclusion of the transaction of sale and purchase of Bonds also pays the accumulated long coupon on the Bonds (ACI) defined according to the following formula: ACI = Nom * C * ((T - T0) / 365) / 100 %, where
ACI –accumulated long coupon, RUR Nom – nominal cost of one Bond, RUR; С – amount of the interest rate of the first coupon, percent annual; T – date of floatation of Bonds; T0 – date of beginning of Bonds floatation
The size of the accumulated long coupon with a view to one Bond is defined accurate to one copeck (rounding-off is made according to the rules of mathematical rounding-off. Thus, a method of rules of mathematical rounding-off is a method, when the value of the whole copeck (the whole copecks) does not change if the first figure following the approximated figure is equal from 0 up to 4, and it changes, increasing by 1, if the first figure following after the approximated figure is equal from 5 up to 9).
STATEMENT ON THE BEGINNING OF FLOATATION ISSUE SECURITIES
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by www.fsk-ees.ru the emitter for the information disclosing 1.8. Name of the periodic printed edition used “Vedomosti” newspaper, "Supplement to the by the emitter for the information publication Reporter of FFMS"
2. Content of statement 2.1. Data on placed securities: 2.1.1. Class, category (type), series and other identification attributes of securities - documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 02 (hereinafter - Bonds) 2.1.2. Term of repayment – on the 1820th (One thousand eight hundred twentieth) day from the date of the beginning of floatation of Bonds of the issue
90 91 2.1.3. State registration number of the issue of securities and date of the state registration - 4-02- 65018-D as of May 11, 2005 2.1.4. Name of the registering body, which carried out the state registration of the issue of securities - FFMS of Russia 2.1.5. Quantity of placed securities and par value of each placed security - 7 000 000 (Seven million) pieces; par value is 1 000 (One thousand) rubles each 2.1.6. Way of floatation of securities - the public offering 2.1.7. Price of floatation of securities or the procedure of its definition The Price of floatation of Bonds is established equal to 1000 (one thousand) rubles for one Bond. From the second day of floatation of Bonds of the release, the buyer at conclusion of the transaction of sale and purchase of Bonds also pays the accumulated long coupon on the Bonds (ACI) defined according to the following formula: ACI = Nom * C * ((T - T0) / 365) / 100 %, where
ACI –accumulated long coupon, RUR Nom – nominal cost of one Bond, RUR; С – amount of the interest rate of the first coupon, percent annual; T – date of floatation of Bonds; T0 – date of beginning of Bonds floatation
The size of the accumulated long coupon with a view to one Bond is defined accurate to one copeck (rounding-off is made according to the rules of mathematical rounding-off. Thus, a method of rules of mathematical rounding-off is a method, when the value of the whole copeck (the whole copecks) does not change if the first figure following the approximated figure is equal from 0 up to 4, and it changes, increasing by 1, if the first figure following after the approximated figure is equal from 5 up to 9). 2.1.8. Granting to shareholders of the emitter and-or other persons of the preemptive right to purchase of securities - the preemptive right to purchase of Bonds is not stipulated 2.2. Date of beginning of floatation of securities - June 28, 2005 2.3. Date of beginning of floatation can be changed under condition of publication of the information on it in news line and on page in the Internet not later than 1 day prior to the date of beginning of floatation of securities published in the present statement. Date of termination of floatation , or the procedure of its definition: Date of termination of floatation of Bonds is the earlier one of the following dates: a) 10-th business day from the date of the beginning of floatation of Bonds; b) date of floatation of the last Bond of the release. Date of termination of floatation cannot be later, than one year after the date of the state registration of the issue of Bonds.
STATEMENT OF A MATERIAL FACT "DATA ON RESOLUTIONS OF GENERAL MEETINGS"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979
91 92 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by “Vedomosti” newspaper, "Supplement to the the emitter for the information publication Reporter of FFMS"
1.9. Code (codes) of the material fact (facts) 1065018D27062005
2. Content of statement 2.1. Type of general meeting (annual, extraordinary): annual (according to item 11.1 of item 11 of the Charter of JSC UES FGC, the function of general meeting of shareholders of JSC UES FGC are executed by the Board of Directors of JSC RAO UES of Russia). 2.2. Form of carrying out of the general meeting: joint presence. 2.3. Date and a place of carrying out of the general meeting: 24.06.2005, Moscow, Vernadskogo Avenue, 101, building 3. 2.3. Quorum of the general meeting: 15 out of 15 members of the Board of Directors of JSC RAO UES of Russia took part in voting, the quorum for decision-making was present. 2.4. Items put to the vote, and results of voting on them: according to item 11.1 of item 11 of the Charter of JSC UES FGC, the function of the annual general meeting of shareholders of JSC UES FGC are executed by the Board of Directors of JSC RAO UES of Russia
Results of voting: Item 1: adopted unanimously Item 2: adopted unanimously Item 3: adopted unanimously Item 4: adopted unanimously Item 5: adopted unanimously Item 6: adopted unanimously Item 7: adopted unanimously Item 8: adopted unanimously Item 9: adopted unanimously Item 10: adopted unanimously
2.5. Wording of resolutions taken by the general meeting
92 93
Within the limits of realization of the above-stated functions, the Board of Directors of JSC RAO UES of Russia made the following resolutions: 1. It was resolved to approve the annual report of JSC UES FGC on results of 2004. 2. It was resolved to approve the annual accounting reporting of JSC UES FGC on results of 2004. 3. It was resolved to approve the profit and loss statement of JSC UES FGC on results of 2004. 4. It was resolved to approve the following distribution of profit (loss) of JSC UES FGC for 2004: (RUR thou) Net profit (loss) for the accounting period: 2 166 760 Divide into: the reserve fund 2 166 760 Dividends - Repayment of loss of past years -
5. It was resolved not to pay dividends on the ordinary shares of JSC UES FGC on results of 2004. 6.1. It was resolved to define the limiting size of the declared ordinary registered shares of JSC UES FGC in the amount of 160 000 000 000 (one hundred sixty billion) pieces with par value of 50 (fifty) copecks each for a total sum of 80 000 000 000 (eighty billion) rubles. 6.2. The ordinary registered shares declared by JSC UES FGC for floatation , give to their owners the rights stipulated by item 6.2. of the Charter of JSC UES FGC. 7. It was resolved to approve the Charter of JSC UES FGC in a new wording. 8. It was resolved to elect the Board of Directors of JSC UES FGC in the following structure: 1. Viktor Borisovich Minister of Industry and Energy of the Russian Federation Khristenko 2. Boris Ilyich Ayuev Member of the Management Board of RAO UES of Russia, Chairman of the Management Board of JSC UES SO-CDA 3. Alexander Stalievich Chairman of the Board of Directors of RAO UES of Russia Voloshin 4. German Oskarovich Gref Minister for Economic Development and Trade of the Russian Federation 5. Sergey Nikolaevich First Deputy of General Director of Rosenergoatom Concern Ivanov (Russian state concern for the production of the electric and thermal power at the atomic plants) 6. Dmitry Valerievich Chairman of ATS nonprofit enterprise Ponamarev
7. Andrey Natanovich Member of the Management Board, Managing director of Rappoport JSC RAO UES of Russia (business unit of the Network), Chairman of the Management Board of UES FGC 8. Yury Arkadievich Member of the Management Board of RAO UES of Russia, Udaltsov Head of the Center of the Reform Management of RAO UES of Russia 9. Anatoly Borisovich Chairman of the Management Board of RAO UES of Russia Chubais
9. It was resolved to elect the Audit Committee of JSC UES FGC in the following structure: 1. Sergey Borisovich Sidorov Head of the Department for the financial audit of JSC RAO UES of Russia 2. Mikhail Afanasievich Deputy Head of the Department for the internal audit of the Morozov Corporate Center of JSC RAO UES of Russia, Head of the Branch for the audit 3. Andrey Vladimirovich Head of the Department for the corporate governance of the Gabov Corporate Center of JSC RAO UES of Russia 93
4. Anatoly Valerievich - Deputy Head of the Directorate for the financial control Baitov and internal audit of JSC UES FGC 94
STATEMENT OF A MATERIAL FACT "DATA ABOUT ADDED AND (OR) PAID INCOTG ON THE SECURITIES OF THE EMITTER" "DATA ON TERMS OF EXECUTION OF OBLIGATIONS OF THE EMITTER TO THE OWNERS OF SECURITIES"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by “Vedomosti” newspaper, "Supplement to the the emitter for the information publication Reporter of FFMS"
1.9. Codes of material facts 0665018D28062005, 0965018D28062005
2. Content of the statement 2.1. Class, category (type), series and other identification attributes of securities - documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 02 (hereinafter - Bonds) 2.2. State registration number of the issue of securities and date of the state registration - 4-02-65018-D as of May 11, 2005 2.3. Name of the registering body, which carried out the state registration of issue of securities: FFMS of Russia. 2.4. Content of the obligation of the emitter: decision-making on the size of the interest rate on the first coupon of Bonds The controls of the emitter, which made a decision on definition of the size (the order of definition of the size) interest (coupon) on the bonds of the emitter: the interest rate (coupon) under Bonds is defined according to the Decision on issue of securities (state registration number 4-02-65018-D as of 11.05.2005) approved by the Board of Directors of JSC UES FGC (Minutes N 21 as of 21.03.2005). The rate of the coupon for the first coupon period is approved in the amount of 8,25 (Eight and twenty five 100-ths) percent Date of execution of the obligation by the emitter: 28.06.2005. The fact of execution of the obligation of the emitter: the obligation was executed. 2.5. Date of decision-making on definition of the size (the order of definition of the size) interest (coupon) on the bonds of the emitter: 28.06.2005. 2.6. Date of drawing up of the minutes of the meeting (session) of the authorized controls of the emitter, where the decision on definition of the size (the order of definition of the size) interest (coupon) on the bonds of the emitter was accepted: 28.06.2005 (Order N 151 as of June 28, 2005). 2.7. Total size of interest and (or) other income, which is subject to payment on the Bonds of the emitter: 287 980 000 (Two hundred eighty seven million nine hundred eighty thousand) rubles, and the size of interest and (or) other income, which is subject to payment on one Bond of the emitter: 41 (Forty one) rubles 14 copecks. The form of payment of incoTG on the securities of the emitter: money resources in rubles of the Russian
94 95 Federation in the non-cash procedure of payment
2.9. Date, in which the obligation on payment of incoTG on the securities of the emitter (incoTG (interest, par value) on the bonds) should be executed: 27.12.2005.2. 10. Total size of interest and (or) other income paid on the Bonds of the emitter: 0 rubles.
Statement of Termination of issue securities floatation
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by “Vedomosti” newspaper, "Supplement to the the emitter for the information publication Reporter of FFMS"
2. Content of statement
95 96 2.1. Data on placed securities: 2.1.1. Class, category (type), series and other identification attributes of securities - documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 02 (hereinafter - Bonds) 2.1.2. Term of repayment – on the 1820th (One thousand eight hundred twentieth) day from the date of the beginning of floatation of Bonds of the issue 2.1.3. State registration number of the issue of securities and date of the state registration - 4-02-65018-D as of May 11, 2005 2.1.4. Name of the registering body, which carried out the state registration of the issue of securities - FFMS of Russia 2.1.5. Par value of each placed security is 1 000 (One thousand) rubles 2.1.6. Way of floatation of securities - the public offering 2.2. Date of the actual beginning of floatation of securities (date of fulfilment of the first transaction directed to alienation of securities to the first owner): 28.06.2005. 2.3. Date of the actual termination of floatation of securities (date of making the last record on the personal account (the account of depot) of the first owner in the system of accounting of the rights to securities of the release: 28.06.2005. 2.4. Quantity of actually placed securities: 7 000 000 (seven million) pieces. 2.5. Share of actually placed securities from the total of securities of the issue subject to floatation : 100 %. 2.6. Actual price (prices) of floatation of securities and quantity of the securities placed on each price of floatation : the price of floatation of all Bonds of the issue is 1 000 (one thousand) rubles for one Bond. Quantity of the Bonds placed at the price of 1 000 (one thousand) rubles: 7 000 000 (seven million) pieces 2.7. Form of payment of the placed securities: at purchase of securities of the release, the non-cash form of payment by money resources in rubles of the Russian Federation is stipulated 2.8. Data on transactions containing an interest of the emitter, and also on the large transactions of the emitter accomplished by the emitter during floatation of securities, and on the fact of their approval by the authorized controls of the emitter or absence of such approval: transactions containing an interest, and also large transactions during floatation of securities by the emitter were not concluded.
STATEMENT OF A MATERIAL FACT "DATA ON OCCURRENCE OF THE PERSON OWNING MORE THAN 25 PERCENT OF ITS ISSUE SECURITIES IN THE REGISTER OF THE EMITTER»
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by “Vedomosti” newspaper, "Supplement to the the emitter for the information publication Reporter of FFMS"
96 97 1.9. Code (codes) of the material fact (facts) 0765018D25052005
2. Content of the statement 2.1. Class, category (type), series and other identification attributes of securities: ordinary nominal shares. 2.2. Full and reduced company naTG of the legal person registered in the system of conducting of the register of owners of securities of the emitter and, if such person is the nominal holder of securities - also the indication of this circumstance: the nominal holder - the limited liability company "Depository and corporate technologies " (JSC Depository and Corporate Technologies), location: 119607, Moscow, Ramenki Street, 17, building 1, the address for reception of post: 123007, Moscow, 2 Khoroshevsky Passage, 9, building 2. 2.3. Share of securities of the emitter registered in the name of the person, who is registered in the system of the register of securities owners: 100 %. 2.4. Date of making an entry on the personal account of the person registered in the system of the register of securities owners: 25.05.2005.
STATEMENT OF A MATERIAL FACT "DATA ON ISSUE OF SECURITIES BY THE EMITTER"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by “Vedomosti” newspaper, "Supplement to the the emitter for the information publication Reporter of FFMS"
1.9. Code of a material fact 0565018D31082005
2. Content of the statement 2.4. Data on the state registration of the report on results of issue of securities: 2.4.1. Class, category (type), series and other identification attributes of securities: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 02 (hereinafter - Bonds). 2.4.2. Term of repayment –on the 1820th (One thousand eight hundred twentieth) day from the date of the beginning of floatation of Bonds of the release. 2.4.3. State registration number of the issue of securities and date of the state registration - 4-02-65018-D as of May 11, 2005. 2.4.4. Name of the registering body, which carried out the state registration of the issue of securities – FFMS of Russia. 2.4.5. Quantity of the placed securities and par value of each security - 7 000 000 (seven million) pieces; par value is 1 000 (one thousand) rubles each. 2.4.6. Share of actually placed securities from the total of securities of the release, which is subject to floatation - 100 %. 2.4.7. Way of floatation of securities - the public offering. 2.4.8. Date of the actual beginning of floatation of securities: June 28, 2005.
97 98 2.4.9. Date of the actual termination of floatation of securities: June 28, 2005. 2.4.10. Date of the state registration of the report on results of the issue of securities: August 23, 2005. 2.4.11. Name of the registering body, which has carried out the state registration of the report on results of the issue of securities – FFMS of Russia. 2.4.12. Fact of registration of the prospectus of securities simultaneously with the state registration of the issue of these securities - the prospectus of securities was registered simultaneously with the state registration of the issue of these securities. 2.4.13. Procedure of providing access to the information containing in the report on results of the issue of securities:
In time not later than 3 days from the date of reception by the Emitter of the notice in writing from the registering body about the state registration of the report on results of the issue of securities, the Emitter publishes the text of the registered report on results of the issue of securities on the web site in the Internet (www. fsk-ees.ru).
After the state registration of the report on results of the issue of securities, all interested persons can examine the report on results of the issue of securities and receive its copy as the following address:
JSC UES FGC the Russian Federation, 117630, the city of Moscow, Akademika Chelomeya Street, 5 A Phone: (095) 710 6692, 710 9037 Fax: (095) 925 2820, 710 9696 Page in the Internet: www.fsk-ees.ru
TRUST Investment bank Joint-Stock Company", 107045, the Russian Federation, Moscow, Ulansky Lane, 26, ph. (095) 247-2591, (095) 207-2519, www.trust.ru
The emitter is obliged to give copies of the specified document to owners of securities of the Emitter and to other interested persons upon their requirement for a payment, which does not exceed charges for manufacturing of such copies, in time not later than 7 days from the date of presentation of the requirement. The text of the registered report on results of the issue of securities should be available on the web site in the Internet (www. fsk-ees.ru) within not less than 6 months from the date of its publication in the Internet. 2.4.14. The report on results of the issue of securities was signed by the financial adviser for the securities market: full and reduced company naTG of the financial adviser for the securities market, its location: "Federal Fund Corporation" joint-stock company (JSC Federal Fund Corporation), the Russian Federation, 119034, Moscow, Ostozhenka Street, 25.
STATEMENT OF A MATERIAL FACT “DATA ON ACCEPTANCE BY THE AUTHORIZED BODY OF THE EMITTER OF THE RESOLUTION ON ISSUE OF ISSUE SECURITIES"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979
98 99 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by “Vedomosti” newspaper, "Supplement to the the emitter for the information publication Reporter of FFMS"
1.9. Code of a material fact 1165018D11102005
2. Content of the statement 2.1. Controls of the emitter, which made a resolution on issue (additional release) of securities: the Board of Directors 2.2. Date of carrying out of the meeting of the Board of Directors, where the decision on approval of the resolution on issue of securities was accepted: 11.10.2005. 2.3. Date of drawing up and number of the minutes of the Board of Directors, where the decision on approval of the resolution on issue of securities was accepted: minutes as of11.10.2005 N 27. 2.4. Class, category (type), series and other identification attributes of placed securities: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 03. 2.5. Quantity of placed securities and par value of each placed security: 7 000 000 (seven million) pieces with par value of 1 000 (one thousand) rubles each. 2.6. Way of floatation of securities: the public offering. 2.7. Price of floatation of securities or the order of its definition: the price of floatation of Bonds is established equal to 1000 (One thousand) rubles for one Bond (100 % from the par value of one Bond).
From the second day of floatation of Bonds of the release, the buyer at conclusion of the transaction of sale and purchase of Bonds also pays the accumulated coupon income (ACI) on the Bonds defined according to the following formula:
ACI = Nom * Ci * (T - T(i)) / (365 * 100%), where
ACI – accumulated coupon income, RUR; i – order number of the current coupon period, i = 1-6; Nom – nominal cost of one Bond, RUR; Сi – amount of interest rate of i coupon expressed in percent annual (%);
99 100 T – the current date inside the i coupon period; T(i) – date of the beginning of the coupon period of i coupon
The size of the accumulated long coupon with a view to one Bond is defined accurate to one copeck (rounding-off is made according to the rules of mathematical rounding-off. Thus, a method of rules of mathematical rounding-off is a method, when the value of the whole copeck (the whole copecks) does not change if the first figure following the approximated figure is equal from 0 up to 4, and it changes, increasing by 1, if the first figure following after the approximated figure is equal from 5 up to 9).
2.8. Term (dates of beginning and termination) of floatation of securities or the procedure of its definition: The date of beginning of floatation , or the procedure of its definition: The date of beginning of floatation of Bonds is defined by the authorized controls of the Emitter and is advised to all interested persons according to the legislation of the Russian Federation and the procedure of disclosing of the information, specified in item 11 of the Decision on issue and item 2.9 of the Prospectus.
Thus, the date of beginning of floatation of Bonds cannot be established earlier, than two weeks after publication of the statement on the state registration of the issue of securities according to the legislation of the Russian Federation and the procedure of disclosing of the information, specified in item 11 of the Decision on issue and item 2.9 of the Prospectus.
The specified fortnight term is estimated from the moment of the publication of the statement on the state registration of the issue of Bonds in “Izvestiya” newspaper (the Moscow edition).
The date of beginning of floatation of the Bonds, defined by the authorized controls of the Emitter, can be changed by the decision of the same controls of the Emitter, provided that the requirements to the procedure of disclosing of the information on change of the date of beginning of floatation of the Bonds, defined by the legislation of the Russian Federation and item 11 of the Decision on the issue and item 29 of the Prospectus are observed.
Date of termination of floatation , or the procedure of its definition: the Date of termination of floatation of Bonds is the earlier one of the following dates: a) 5-th business day from the date of the beginning of floatation of Bonds; b) date of floatation of the last Bond of the release.
Thus, the date of termination of floatation cannot be later, than one year from the date of the state registration of the issue of Bonds.
2.9. Other conditions of floatation of the securities defined by the decision on floatation of securities: Floatation of Bonds is carried out through the Organizer of trade. Obligatory condition of purchase of Bonds at their floatation is preliminary reservation of the volume of the buyer’s money resources sufficient for purchase, on the account of the Participant of the tenders, on behalf of which the application for purchase of Bonds is submitted, in the Clearing House of the Moscow Interbank Stock Exchange.
The Underwriter have the right to purchase the Bonds, which were not placed till 11.00 o’clock (Moscow time) during floatation held on the day of beginning of floatation of Bonds of the tender, on its own behalf and at its own expense, provided that the share of Bonds in the amount of not less than 5 (Five) percent of the issue is placed.
100 101 Purchase of Bonds of the Emitter during their floatation cannot be carried out at the expense of the Emitter. Money resources should be preliminary reserved by Participants of the tenders in the sum, sufficient for full payment of that quantity of Bonds, which is specified in applications for purchase of Bonds, in view of all necessary commission gathering (from the second day of floatation in addition in view of ACI).
For conclusion of a deal of sale and purchase of Bonds at their floatation , the potential buyer is obliged in advance (up to the date of beginning of floatation of Bonds) to open the corresponding account of depot in the Depository carrying out the centralized storage of Bonds of the release, or in another depository being depositor in relation to the Depository The order and terms of opening of accounts of depot are defined by provisions of rules of the corresponding Depositories.
Change and/or cancellation of the contracts concluded at floatation of Bonds is carried out on the bases and according to the procedure stipulated by Article 29 of the Civil Code of the Russian Federation.
The preemptive right to purchase of Bonds is not stipulated.
At purchase of securities of the release, the non-cash form of payment by money resources in rubles of the Russian Federation is stipulated.
The opportunity of the installments at payment of securities of issue is not stipulated
2.10. Registration of the prospectus of securities is obligatory for the emitter
STATEMENT OF A MATERIAL FACT "DATA ON ISSUE OF SECURITIES BY THE EMITTER"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by Izvestiya newspaper (Moscow edition), the emitter for the information publication Supplement to the Reporter of FFMS
1.9. . Code (codes) of the material fact (facts) 0565018D11102005
2. Content of the statement 2.1. Data on decision-making on floatation of securities: 2.1.1.Class, category (type), series and other identification attributes of securities:
101 102 documentary interest unconvertible bonds to bearer with the obligatory centralized storage of series 03.2.1.2. Term of repayment: on the 1 092-nd (One thousand ninety second) day from the date of the beginning of floatation of Bonds 2.1.3. Quantity of placed securities and par value of each placed security: 7 000 000 (Seven million) pieces with par value of 1 000 (One thousand) rubles each. 2.1.4. Way of floatation of securities: public offering. 2.1.5. Other conditions of floatation of the securities defined by the decision on their floatation : the price of floatation of Bonds is established equal to 1000 (one thousand) rubles for one Bond (100 % from the par value of the Bond).
Dates of beginning and termination of the period of repayment coincide. Repayment of Bonds is made by the payment agent on behalf of and at the expense of the Emitter’s money resources in rubles of the Russian Federation in the non-cash order. The opportunity of a choice of the form of their repayment is not stipulated by owners of Bonds. Owner of Bonds has the right to demand preschedule repayment of Bonds and payment of ACI calculated as of the date of execution of obligation on preschedule repayment of Bonds, in the following cases:
1) default by the Emitter of the obligation to pay the coupon income on the Bonds of the present issue after 7 (Seven) business days from the date of payment of the corresponding coupon income established according to the Decision on the issue and the Prospectus of securities;
2) default by the Emitter of obligations on payment of the coupon income after 7 (Seven) business days and/or after 30 (thirty) business days of series 01, number of the state registration 4-01-65018-D, and series 02, number of the state registration 4-02-65018-D. If the date of repayment of Bonds is the day off - irrespective of the fact whether there it is the state day off or the day off for settlement operations, Payment of the appropriate sum is made on the first working day following the day off. Owner of Bonds has no right to demand charge of interest or any other compensation for such a delay in payment.
On the day of repayment of Bonds, the Payment agent lists transfers necessary money resources on accounts of the persons, authorized to receive the sums of repayment under Bonds, in favor of owners of Bonds. In case one person is authorized for reception of the sums of repayment under Bonds from several owners of Bonds, the total sum without division by each owner of Bonds is transferred to such a person.
The preemption right to purchase of placed securities is not stipulated. 2.1.6. Registration of the prospectus of securities is obligatory for the emitter. 2.1.7. The controls of the emitter, which made a decision on floatation of securities: Board of directors 2.1.8. Date and a place of carrying out of the meeting of the Board of directors, where the decision on floatation of securities was accepted: 11.10.2005, 117630, Moscow, Akademika Chelomeya, 5 A
2.1.9. Quorum and results of voting on item of decision-making on floatation of securities: 9 of 9 members of Board of directors of JSC YES FGC took part in voting, the quorum for decision- making is present. Results of voting: accepted unanimously 2.1.10. Date of drawing up and number of the minutes of the meeting (session) of the authorized controls of the emitter, where the decision on floatation of securities was accepted: minutes as of 11.10.2005 N 27.
102 103
STATEMENT OF A MATERIAL FACT “DATA ON RESOLUTIONS OF GENERAL MEETINGS” "DATA ON ISSUE OF SECURITIES BY THE EMITTER"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by "Supplement to the Reporter of FFMS" the emitter for the information publication
1.9. Code (codes) of the material fact (facts) 0565018D23112005, 1065018D23112005
2. Content of the statement
103 104 2.1. Type of general meeting: extraordinary (according to item 11.1 of item 11 of the Charter of JSC UES FGC, the function of general meeting of shareholders of JSC FGC are executed by the Board of directors of JSC RAO UES of Russia). 2.2. Form of carrying out of general meeting: absentee voting. 2.3. Date and a place of carrying out of general meeting: 21.11.2005, place of summarizing of voting: Moscow, Vernadskogo Avenue,101, building 3. 2.3. Quorum of general meeting: 13 of 15 members of the Board of directors of JSC RAO UES of Russia took part in the meeting, the quorum for decision-making is present. 2.4. The questions put to voting, and results of voting on them: Performance of functions of the general meeting of shareholders of JSC UES FGC: - about increase in the authorized capital of JSC UES FGC by floatation of additional shares. Results of voting: in favor - 10 votes; Against – 1 vote Abstained – 2 votes
Adopted by the majority of votes
2.5. Formulations of the decisions accepted by general meeting: To increase the authorized capital of JSC UES FGC by floatation of additional ordinary registered shares in the amount of 160 000 000 000 (one hundred sixty billion) pieces with par value of 50 (fifty) copecks each by the total sum of 80 000 000 000 (eighty billion) robles; way of floatation - the closed subscription, class of persons, among which it is supposed to place additional shares – JSC RAO UES of Russia;
The price of floatation of shares - 50 (fifty) copecks (the price of floatation is defined by the Board of Directors of JSC UES FGC in conformity with items 36, 77 of the Federal law "On joint-stock companies ");
104 105
- form of payment of shares - money resources and property. The price of property is defined by the Board of directors of JS UES FGC in conformity with clauses 34, 77 of the Federal law "On joint-stock companies "; - structure of property is specified in Appendix 1 to the present minutes; - order of payment of shares - shares are paid at floatation in full; - for definition of market cost of property made as payment for placed additional shares, independent appraisers from among the estimated organizations specified in Appendix 2 to present report are involved. 2.6. Data on decision-making on floatation of securities: 2.6.1. Class, category (type), series and other identification attributes of securities: ordinary registered shares. 2.6.2. Term of repayment (for bonds and options of the emitter): the information is not indicated for the shares issue 2.6.3. Quantity of placed securities and par value of each placed security: 160 000 000 000 (one hundred sixty billion) pieces with par value of 50 (fifty) copecks each. 2.6.4. Way of floatation of securities, and in case of floatation of securities by means of the closed subscription - also a class of potential purchasers of securities: the closed subscription, class of persons, among which it is supposed to place additional shares – JSC RAO UES of Russia.
2.6.5. Other conditions of floatation of the securities defined by the decision on their floatation : - the price of floatation of shares - 50 (fifty) copecks (the price of floatation is defined by the Board of directors of JSC UES FGC in conformity with clauses 36, 77 of the Federal law "On joint-stock companies "); - the form of payment of shares - money resources and property. The price of property is defined by the Board of directors of JSC UES FGC in conformity with clauses 34, 77 of the Federal law "On joint-stock companies "; - The order of payment of shares - shares are paid at floatation in full. 2.6.6. In case when registration of the prospectus of securities is carried out under the discretion of the emitter, - the fact of acceptance by the emitter of a duty to disclose the information after each stage of procedure of issue of securities: the emitter does not register the prospectus of securities. 2.6.7. The controls of the emitter, which made a decision on floatation of securities: general meeting of shareholders. 2.6.8. Date of drawing up and number of the minutes of the meeting (session) of the authorized controls of the emitter, where the decision on floatation of securities was accepted: 23.11.2005, minutes N 208.
STATEMENT OF A MATERIAL FACT "DATA ON ISSUE OF SECURITIES BY THE EMITTER"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body
105 106 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by Izvestiya newspaper (Moscow edition), the emitter for the information publication Supplement to the Reporter of FFMS
1.9. Code (codes) of the material fact (facts) 0565018D29112005
2. Content of statement 2.2. Data on the state registration of issue of securities: 2.2.1. Class, category (type), series and other identification attributes of securities: documentary interest unconvertible bonds to bearer with the obligatory centralized storage of series 03. 2.2.2. Term of repayment: on the 1 092-nd day (one thousand ninety second) day from the date of the beginning of floatation of Bonds 2.2.3. State registration number of issue of securities and date of the state registration: 4-03-65018D as of 24.11.05 2.2.4. The name of the registering body, which carried out the state registration of issue of securities: Federal service for the financial markets.
2.2.5. Quantity of placed securities and par value of each placed security: 7 000 000 (Seven million) pieces with par value of 1 000 (One thousand) rubles each. 2.2.6. Way of floatation of securities: the public offering. 2.2.7. Granting to shareholders (participants) of the emitter and/or other persons of the preemptive right to purchase of securities: the preemptive right to purchase of placed securities is not stipulated. 2.2.8. The price of floatation of securities or the order of its definition: the Price of floatation of Bonds is established equal to 1000 (One thousand) rubles for one Bond (100 % of the par value of one Bond).
2.2.9. Term of floatation of securities or the procedure of its definition: The date of beginning of floatation , or the procedure of its definition: The date of beginning of floatation of Bonds is defined by the authorized controls of the Emitter and is advised to all interested persons according to the legislation of the Russian Federation and the procedure of disclosing of the information, specified in item 11 of the Decision on issue and item 2.9 of the Prospectus.
Thus, the date of beginning of floatation of Bonds cannot be established earlier, than two weeks after publication of the statement on the state registration of the issue of securities according to the legislation of the Russian Federation and the procedure of disclosing of the information, specified in item 11 of the Decision on issue and item 2.9 of the Prospectus.
The specified fortnight term is estimated from the moment of the publication of the statement on the state registration of the issue of Bonds in “Izvestiya” newspaper (the Moscow edition).
The date of beginning of floatation of the Bonds, defined by the authorized controls of the Emitter, can be changed by the decision of the same controls of the Emitter, provided that the requirements to the procedure of disclosing of the information on change of the date of beginning of floatation of the Bonds, defined by the legislation of the Russian Federation and item 11 of the Decision on the issue and item 29 of the Prospectus are observed.
Date of termination of floatation , or the procedure of its definition: the Date of termination of floatation of Bonds is the earlier one of the following dates: a) 5-th business day from the date of the beginning of floatation of Bonds; b) date of floatation of the last Bond of the release.
106 107 Thus, the date of termination of floatation cannot be later, than one year from the date of the state registration of the issue of Bonds.
2.2.10. The prospectus of securities is registered simultaneously with the state registration of issue of securities. 2.2.11. The order of providing of access to the information containing in the prospectus of securities:
Not later than 3 days from the date of reception by the Emitter of the notice in writing from the registering body about the state registration of issue of Bonds, the Emitter publishes the text of the registered prospectus of securities on the web site of the Emitter in the Internet (http: // www.fsk-ees.ru) . The text of the registered prospectus of securities will be available in the Internet (http: // www.fsk- ees.ru) from the date of its publication before the expiration of 6 (Six) months from the date of publication of the registered report about the results of the issue of securities in the Internet.
From the date of the publication in the news line of the statement on the state registration of issue of securities, all interested persons can examine the Decision on issue of securities and the Prospectus of securities and to receive the copies at the following addresses:
JSC UES FGC the Russian Federation, 117630, the city of Moscow, Akademika Chelomeya Street, 5 A Phone: (095) 710 6692, 710 9037 Fax: (095) 925 2820, 710 9696 Page in the Internet: www.fsk-ees.ru
The emitter is obliged to give copies of the specified document to owners of securities of the Emitter and other interested persons upon their requirement for the payment, which does not exceed charges for manufacturing of such a copy, in time not more than 7 (Seven) days from the date of presentation of the requirement.
2.2.12. The prospectus of securities was signed by the financial adviser for the securities market: Full company name: " "Gorizont Investment company” joint-stock company ; Reduced company name: JSC Gorizont, Location: 117884, Moscow, Nametkina Street, 16
STATEMENT ON THE BEGINING OF FLOATATION OF SECURITIES
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by www.fsk-ees.ru the emitter for the information disclosing 1.8. Name of the periodic printed edition used Izvestiya newspaper (Moscow edition), by the emitter for the information publication Supplement to the Reporter of FFMS
107 108
2. Content of statement 2.1. Data on placed securities: 2.1.1. Class, category (type), series and other identification attributes of securities - documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 03 (hereinafter - Bonds) 2.1.2. Term of repayment - 1092 (One thousand ninety second) day from the date of the beginning of floatation of Bonds of release. 2.1.3. State registration number of the issue of securities and date of the state registration: 4-03- 65018-D as of November 24, 2005 2.1.4. The name of the registering body, which carried out the state registration of the issue of securities – FFMS of Russia. 2.1.5. Quantity of placed securities and par value of each placed security - 7 000 000 (seven million) pieces with par value of 1 000 (one thousand) rubles each.
2.1.6. Way of floatation of securities - the public offering subscription. 2.1.7. The price of floatation of securities or the order of its definition: the Price of floatation of Bonds is established equal to 1000 (One thousand) rubles for one Bond (100 % of the par value of one Bond).
From the second day of floatation of Bonds of the release, the buyer at conclusion of the transaction of sale and purchase of Bonds also pays the accumulated coupon income (ACI) on the Bonds defined according to the following formula:
ACI = Nom * Ci * (T - T(i)) / (365 * 100%), where
ACI – accumulated coupon income, RUR; i – order number of the current coupon period, i = 1-6; Nom – nominal cost of one Bond, RUR; Сi – amount of interest rate of i coupon expressed in percent annual (%); T – the current date inside the i coupon period; T(i) – date of the beginning of the coupon period of i coupon
The size of the accumulated long coupon with a view to one Bond is defined accurate to one copeck (rounding-off is made according to the rules of mathematical rounding-off. Thus, a method of rules of mathematical rounding-off is a method, when the value of the whole copeck (the whole copecks) does not change if the first figure following the approximated figure is equal from 0 up to 4, and it changes, increasing by 1, if the first figure following after the approximated figure is equal from 5 up to 9). 2.1.8. Granting to shareholders of the emitter and/or other persons of the preemptive right to purchase of securities – the preemptive right to purchase of Bonds is not established. 2.2. Date of beginning of floatation of securities - December 16, 2005. 2.3. Date of beginning of floatation can be changed under condition of publication of the information on it in the news line and on the web site in the Internet not later than 1 day prior to the date of beginning of floatation of securities published in the present statement. Date of termination of floatation , or the procedure of its definition: The Date of termination of floatation of Bonds is the earlier one of the following dates: a) 5-th business day from the date of the beginning of floatation of Bonds; b) date of floatation of the last Bond of the release.
Thus, the date of termination of floatation cannot be later, than one year from the date of the state registration of the issue of Bonds.
108 109
STATEMENT ON THE TERMINATION OF FLOATATION OF SECURITIES
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by Izvestiya newspaper (Moscow edition), the emitter for the information publication Supplement to the Reporter of FFMS
2. Content of statement 2.1. Data on placed securities: 2.1.1. Class, category (type), series and other identification attributes of securities - documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 03 (hereinafter - Bonds) 2.1.2. Term of repayment - 1092 (One thousand ninety second) day from the date of the beginning of floatation of Bonds of release. 2.1.3. State registration number of issue of securities: 4-03-65018-D, date of the state registration: 24.11.2005 2.1.4. Name of the registering body, which carried out the state registration of issue of securities: FFMS of Russia. 2.1.5. Par value of each placed security: 1 000 (One thousand) rubles each. 2.1.6. Way of floatation of securities: public offering 2.2. Date of the actual beginning of floatation of securities (date of conclusion of the first transaction directed to alienation of securities to the first owner): 16.12.2005 2.3. Date of the actual termination of floatation of securities (date of making the last entry on the personal account (the account of depot) of the first owner in the system of the account of the rights to securities of the release: 16.12.2005 2.4. Quantity of actually placed securities: 7 000 000 (seven million) pieces. 2.5. Share of actually placed securities from the total amount of securities of the release, which is subject to floatation : 100 (one hundred) %. 2.6. Actual price (prices) of floatation of securities and quantity of the securities placed for each price of floatation : 1 000 (one thousand) rubles for each Bond. Quantity of the Bonds placed for the specified price of floatation : 7 000 000 (seven million) pieces. 2.7. Form of payment of the placed securities: the non-cash form of payment by money resources in rubles of the Russian Federation. 2.8. Data on transactions containing an interest of the emitter, and also on the large transactions of the emitter accomplished by the emitter during floatation of securities, and on the fact of their approval by the authorized controls of the emitter or absence of such approval: the emitter did not conclude transactions containing an interest, and large transactions during floatation of securities.
109 110
STATEMENT OF A MATERIAL FACT "DATA ABOUT ADDED AND (OR) PAID INCOTG ON THE SECURITIES OF THE EMITTER" "DATA ON TERMS OF EXECUTION OF OBLIGATIONS OF THE EMITTER TO THE OWNERS OF SECURITIES"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by Izvestiya newspaper (Moscow edition), the emitter for the information publication Supplement to the Reporter of FFMS
1.9. Codes of the material facts 0665018D16122005, 0965018D16122005
2. Content of statement 2.1. Class, category (type), series and other identification attributes of securities: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 03 (hereinafter - Bonds). 2.2. State registration number of the issue of securities: 4-03-65018-D, date of the state registration: 24.11.2005 2.3. Name of the registering body, which carried out the state registration of the issue of securities: FFMS of Russia. 2.4. Controls of the emitter, which made a decision on definition of the size (the order of definition of the size) of interest (coupon) on the bonds of the emitter: the interest rate (coupon) on the Bonds is defined according to the Decision on the issue of the Bonds approved by the Board of Directors of JSC UES FGC (minutes as of 11.10.2005 N 27). The rate of the first coupon is 7.10 (seven and ten 100-ths) percent annual was approved by the sole executive body (Chairman of the Management Board) of JSC UES FGC. 2.5. Date of decision-making on definition of the size (the order of definition of the size) of interest (coupon) on the bonds of the emitter: 16.12.2005. 2.6. Date of drawing up of the minutes of the meeting (session) of the authorized controls of the emitter, where the decision on definition of the size (the order of definition of the size) of interest (coupon) on the bonds of the emitter was accepted: 16.12.2005 (Order N 330 as of 16.12.2005). 2.7. Content of the obligation of the emitter: decision-making on the size of the interest rate on the first coupon of Bonds of series 03. 2.8. Total size of interest and (or) other income subject to payment on the Bonds of the emitter of series 03 on the first coupon: 247 800 000 (two hundred forty seven million eight hundred thousand) rubles, and the size of interest and (or) other income subject to payment on one Bond of the emitter of series 03 on the first coupon: 35 (thirty five) rubles 40 copecks. 2.9. Form of payment of incoTG on the securities of the emitter: money resources in rubles of the
110 111 Russian Federation in the non-cash order.
2.10. Date, on which the obligation on payment of incoTG on the securities of the emitter (incoTG (interest, par value) on the bonds) should be executed: 16.06.2006 2.11. Total size of interest and (or) other income paid on the Bonds of the emitter of series 03 : 0,00 rubles. 2.12. Fact of execution of the obligation of the emitter: the obligation on definition of size of the rate on the first coupon of Bonds of series 03 was executed.
STATEMENT OF A MATERIAL FACT "DATA ABOUT ADDED AND (OR) PAID INCOTG ON THE SECURITIES OF THE EMITTER" "DATA ON TERMS OF EXECUTION OF OBLIGATIONS OF THE EMITTER TO THE OWNERS OF SECURITIES"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by “Vedomosti” newspaper, "Supplement to the the emitter for the information publication Reporter of FFMS"
1.9. Codes of the material facts 0665018D20122005, 0965018D20122005
2. Content of the statement 2.1. Class, category (type), series and other identification attributes of securities: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 01 (hereinafter - Bonds). 2.2. State registration number of the issue of securities: 4-01-65018-D, date of the state registration: 02.12.2004 2.3. Name of the registering body, which carried out the state registration of the issue of securities: FFMS of Russia 2.4. Controls of the emitter, which made a decision on definition of the size (the order of definition of the size) of interest (coupon) on the bonds of the emitter: the interest rate (coupon) on the Bonds of series 01 was defined according to the Decision on issue of the Bonds approved by the Board of Directors of JSC UES FGC(minutes as of 29.10.2004 N 19). The rate of the coupon is 8,80 (Eight and eighty 100-ths) per cent annual was approved by the sole executive body (Chairman of the Management Board) of JSC UES FGC.
111 112
2.5. Date of decision-making on definition of the size (the order of definition of the size) of interest (coupon) on the bonds of the emitter: 21.12.2004 2.6. Date of drawing up of the minutes of the meeting (session) of the authorized controls of the emitter, where the decision on definition of the size (the order of definition of the size) of interest (coupon) on the bonds of the emitter was accepted: 21.12.2004 (Order N 373 as of 21.12.2004). 2.7. Content of the obligation of the emitter: decision-making on the size of the interest rate on the second coupon of Bonds of series 01.
2.8. Total size of interest and (or) other income subject to payment on the Bonds of the emitter of series 01 on the second coupon: 219 400 000 (Two hundred nineteen million four hundred thousand) rubles 00 copecks, and the size of interest and (or) other income subject to payment on one Bond of the emitter of series 01 on the second coupon: 43 (Forty three) rubles 88 copecks
2.9. Form of payment of incoTG on the securities of the emitter: money resources in rubles of the Russian Federation in the non-cash order.
2.10. Date, on which the obligation on payment of incoTG on the securities of the emitter (incoTG (interest, par value) on the bonds) should be executed: 20.12.2005 2.11. Total size of interest and (or) other income paid on the Bonds of the emitter of series 01: 438 800 000 (four hundred thirty eight million eight hundred thousand) rubles 00 copecks. 2.12. Fact of execution of the obligation of the emitter: the obligation was executed
STATEMENT OF A MATERIAL FACT “DATA ON ACCEPTANCE BY THE AUTHORIZED BODY OF THE EMITTER OF THE RESOLUTION ON ISSUE OF ISSUE SECURITIES"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by "Supplement to the Reporter of FFMS" the emitter for the information publication
1.9. Code of the material fact 1165018D21122005
2. Content of statement
112 113 2.1. Controls of the emitter, which made the decision on issue (additional release) of securities: the Board of Directors 2.2. Date of carrying out of the meeting of the Board of Directors, where the decision on approval of the decision on issue of securities was accepted: 21.12.2005. 2.3. Date of drawing up and number of the minutes of the meeting of the Board of Directors, where the decision on approval of the decision on issue of securities was accepted: minutes as of 21.12.2005 N 28. 2.4. Class, category (type), series and other identification attributes of placed securities: ordinary nominal uncertified shares. 2.5. Quantity of placed securities and par value of each placed security: 160 000 000 000 (one hundred sixty billion) pieces with par value of 50 (fifty) copecks each. 2.6. Way of floatation of securities: the closed subscription, class of potential purchasers of placed securities: JSC RAO UES of Russia. 2.7. Price of floatation of securities or the order of its definition: the price of floatation is 50 (fifty) copecks for each ordinary registered share of the release. The price of floatation of additional ordinary registered shares remains constant for the purchaser of shares during the whole period of floatation . 2.8. Term (dates of beginning and terminations) of floatation of securities, or the order of its definition: the date of beginning of floatation , or the order of its definition: Next day after the state registration of the issue of securities. The date of termination of floatation , or the order of its definition:
Date of making the entry about transition of the property right to the last share of the issue to the purchaser into the register of owners of actions of the Society, but not later than 1 (one) year from the date of the state registration of additional issue of securities. In case this date is a day off - the date of termination of floatation is the nearest business day following after it. 2.9. Other conditions of floatation of the securities defined by the decision on floatation of securities: the contract of sale and purchase is concluded with the purchaser of securities on the closed subscription. Placed shares should be paid completely by their purchaser in time defined by the contract of sale and purchase, and before entering the credit entry on the personal account of the purchaser in the system of conducting of the register.
The preemptive right to purchase by shareholders of securities of issue is not stipulated in connection with the fact that there are no shareholders, who voted against or who did not participate in voting on item of floatation by means of the closed subscription of ordinary registered shares.
2.10. The emitter does not register the prospectus of securities.
STATEMENT OF A MATERIAL FACT "DATA ABOUT ADDED AND (OR) PAID INCOTG ON THE SECURITIES OF THE EMITTER" "DATA ON TERMS OF EXECUTION OF OBLIGATIONS OF THE EMITTER TO THE OWNERS OF SECURITIES"
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC
113 114 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by Vedomosti Nnewspaper, "Supplement to the the emitter for the information publication Reporter of FFMS"
1.9. Codes of the material facts 0665018D27122005, 0965018D27122005
2. Content of the statement
2.1. Class, category (type), series and other identification attributes of securities: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 02 (hereinafter - Bonds). 2.2. State registration number of the issue of securities: 4-02-65018-D date of the state registration: 11.05.2005 2.3. Name of the registering body, which carried out the state registration of the issue of securities: FFMS of Russia 2.4. Controls of the emitter, which made a decision on definition of the size (the order of definition of the size) of interest (coupon) on the bonds of the emitter: the interest rate (coupon) on the Bonds of series 02 was defined according to the Decision on issue of the Bonds approved by the Board of Directors of JSC UES FGC (minutes as of 21.03.2005 N 21). The rate of the coupon is 8,80 (Eight and eighty 100-ths) per cent annual was approved by the sole executive body (Chairman of the Management Board) of JSC UES FGC. 2.5. Date of decision-making on definition of the size (the order of definition of the size) of interest (coupon) on the bonds of the emitter: 28.06.2005. 2.6. Date of drawing up of the minutes of the meeting (session) of the authorized controls of the emitter, where the decision on definition of the size (the order of definition of the size) of interest (coupon) on the bonds of the emitter was accepted: 28.06.2005 (Order N 151 as of 28.06.2005). 2.7. Content of the obligation of the emitter: payment of income on the first coupon of Bonds of series 02. 2.8. Total size of interest and (or) other income subject to payment on the Bonds of the emitter of series 02 on the first coupon: 287 980 000 (Two hundred eighty seven million nine hundred eighty thousand) rubles 00 copecks, and the size of interest and (or) other income subject to payment on one Bond of the emitter of series 02 on the first coupon: 41 (Forty one) ruble 14 copecks. 2.9. Form of payment of incoTG on the securities of the emitter: money resources in rubles of the Russian Federation in the non-cash order.
2.10. Date, on which the obligation on payment of incoTG on the securities of the emitter (incoTG (interest, par value) on the bonds) should be executed: 27.12.2005. 2.11. Total size of interest and (or) other income paid on the Bonds of the emitter of series 02 : 287 980 000 (two hundred eighty seven million nine hundred eighty thousand) rubles 00 copecks. 2.12. Fact of execution of the obligation of the emitter: the obligation was executed
Statements on the data, which can affect the cost of securities of the emitter
114 115
Data on the conclusion by the emitter of the contract with the stock exchange, on the basis of which the listing of securities of the emitter is carried out (the contract with the organizer of trade for the inclusion of securities of the emitter in the list of the securities admitted to the tenders by the organizer of trade on the securities market)
Full company name of the emitter (name of the non-profit company) with indication of the organizational-legal form: Joint-Stock Company "Federal Grid Company of the Unified Energy System". Location of the emitter: 187000, the Leningrad region, Тоsno, SS "Leningradskaya". Identification number of the tax bearer appropriated to the emitter by tax bodies: 4716016979. Unique code of the emitter appropriated by registering body: 65018-D. Code of a material fact: 1165018D21032005.. Address of page in the "Internet" used by the emitter for publication of statements on material facts: http://www.fsk-ees.ru.
Full company name of the stock exchange, which carries out listing of securities of the emitter (the organizer of trade including securities of the emitter in the list of securities admitted to the tenders by the organizer of trade on the securities market): Joint-Stock Company "Stock Exchange of the Moscow Interbank Stock Exchange ".
Class, category, type of securities of the emitter, which listing is carried out by the stock exchange (which inclusion in the list of the securities admitted to the tenders by the organizer of trade on the securities market is carried out by the organizer of trade on the securities market): documentary interest unconvertible bearer bonds of series 01 with the obligatory centralized storage (state registration number of the issue N 4-01-65018-D as of December 2, 2004).
Date of the conclusion and number of the contract, on the basis of which the stock exchange carries out listing of securities of the emitter (on the basis of which the organizer of trade carries out inclusion in the list of the securities admitted to the tenders by the organizer of trade on the securities market): the Contract as of 09.03.2005 N B-54.
DATA ON INCLUSION OF SECURITIES OF THE EMITTER IN THE LIST OF THE SECURITIES ADMITTED TO THE TENDERS BY THE ORGANIZER OF TRADE ON THE SECURITIES MARKET AND EXCEPTION OF SECURITIES OF THE EMITTER FROM THE SPECIFIED LIST.
Full company name of the emitter (name of the non-profit company) with indication of the organizational-legal form: Joint-Stock Company "Federal Grid Company of the Unified Energy System". Location of the emitter: 187000, the Leningrad region, Тоsno, SS "Leningradskaya". Identification number of the tax bearer appropriated to the emitter by tax bodies: 4716016979. Unique code of the emitter appropriated by registering body: 65018-D. Code of a material fact: 1165018D21032005.. Address of page in the "Internet" used by the emitter for publication of statements on material facts: http://www.fsk-ees.ru.
Full company name of the stock exchange, which carries out listing of securities of the emitter (the organizer of trade including securities of the emitter in the list of securities admitted to the tenders by the organizer of trade on the securities market): Joint-Stock Company "Stock Exchange of the Moscow Interbank Stock Exchange ".
115 116 Class, category, type of securities of the emitter, which listing is carried out by the stock exchange (which inclusion in the list of the securities admitted to the tenders by the organizer of trade on the securities market is carried out by the organizer of trade on the securities market): documentary interest unconvertible bearer bonds of series 01 with the obligatory centralized storage (state registration number of the issue N 4-01-65018-D as of December 2, 2004). Name of quotation list, which includes securities of the emitter: “B” quotation list.
STATEMENTS OF THE DATA, WHICH CAN AFFECT THE COST OF SECURITIES OF THE EMITTER
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by the Vedomosti Nnewspaper, "Supplement to the emitter for the information publication Reporter of FFMS"
2. Content of the statement About conclusion by the joint-stock company of the contract with the organizer of trade on the securities market about inclusion of securities of the joint-stock company in the list of the securities admitted to the tenders by the organizer of trade on the securities market.
Full company name of the stock exchange, which includes securities of the emitter in the list of securities admitted to the tenders by the organizer of trade on the securities market: "Stock Exchange of the Moscow Interbank Stock Exchange " Joint-Stock Company
Class, category, type of securities of the joint-stock company, which inclusion in the list of the securities admitted to the tenders by the organizer of trade on the securities market, is carried out by the organizer of trade on the securities market: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 02 (state registration number 4-02-65018-D as of 11.05.2005); Date of the conclusion and number of the contract, on the basis of which the organizer of trade on the securities market carries out inclusion in the list of securities admitted to the tender by the organized of trade on the securities market: contract as of 27.06.2005 N 56r.
STATEMENTS OF THE DATA, WHICH CAN AFFECT THE COST OF SECURITIES OF THE JOINT-STOCK COMPANY
116 117 1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by registering 65018-D body 1.7. Address of page in the "Internet" used by the emitter www.fsk-ees.ru for the information disclosing 1.8. Name of the periodic printed edition used by the Vedomosti Nnewspaper, "Supplement to the emitter for the information publication Reporter of FFMS"
2. Content of the statement ABOUT INCLUSION OF SECURITIES OF THE EMITTER IN THE LIST OF THE SECURITIES ADMITTED TO THE TENDERS BY THE ORGANIZER OF TRADE ON THE SECURITIES MARKET
Full company name of the organizer of trade on the securities market: "Stock Exchange of the Moscow Interbank Stock Exchange " Joint-Stock Company
Class, category, type of securities of the joint-stock company included in or excluded from the list of securities admitted to the tenders by the organizer of trade on the securities market: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 02 (state registration number 4-02- 65018-D as of 11.05.2005);
Quantity of placed securities of the joint-stock company: 7 000 000 (seven million) pieces.
STATEMENTS OF THE DATA, WHICH CAN AFFECT THE COST OF SECURITIES OF THE JOINT-STOCK COMPANY
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by the Izvestiya newspaper (Moscow edition),
117 118 emitter for the information publication Supplement to the Reporter of FFMS
2. Content of the statement ABOUT CONCLUSION BY THE JOINT-STOCK COMPANY OF THE CONTRACT WITH THE ORGANIZER OF TRADE ON THE SECURITIES MARKET ABOUT INCLUSION OF SECURITIES OF THE JOINT-STOCK COMPANY IN THE LIST OF THE SECURITIES ADMITTED TO THE TENDERS BY THE ORGANIZER OF TRADE ON THE SECURITIES MARKET.
Full company name of the stock exchange, which includes securities of the emitter in the list of securities admitted to the tenders by the organizer of trade on the securities market: "Stock Exchange of the Moscow Interbank Stock Exchange " Joint-Stock Company
Class, category, type of securities of the joint-stock company, the inclusion of which in the list of the securities admitted to the tenders by the organizer of trade on the securities market was carried out by the organizer of trade on the securities market: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 03 (state registration number 4-03-65018-D as of 24.11.2005);
Date of the conclusion and number of the contract, on the basis of which the organizer of trade on the securities market carries out inclusion in the list of securities admitted to the tender by the organized of trade on the securities market: contract as of 15.12.2005 N 151r
STATEMENTS OF THE DATA, WHICH CAN AFFECT THE COST OF SECURITIES OF THE JOINT-STOCK COMPANY
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Street, 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by registering 65018-D body 1.7. Address of page in the "Internet" used by the emitter www.fsk-ees.ru for the information disclosing 1.8. Name of the periodic printed edition used by the Izvestiya newspaper (Moscow edition), emitter for the information publication Supplement to the Reporter of FFMS
2. Content of the statement
118 119 ABOUT INCLUSION OF SECURITIES OF THE JOINT-STOCK COMPANY IN THE LIST OF THE SECURITIES ADMITTED TO THE TENDERS BY THE ORGANIZER OF TRADE ON THE SECURITIES MARKET
Full company name of the organizer of trade on the securities market: "Stock Exchange of the Moscow Interbank Stock Exchange " Joint-Stock Company
Class, category, type of securities of the joint-stock company included in the list of securities admitted to the tenders by the organizer of trade on the securities market: documentary interest unconvertible bearer bonds with the obligatory centralized storage of series 03 (state registration number 4-03-65018-D as of 24.11.2005);
Quantity of placed securities of the joint-stock company: 7 000 000 (seven million) pieces.
STATEMENT OF THE DATA, WHICH CAN AFFECT THE COST OF SECURITIES OF THE JOINT-STOCK COMPANY
1. General data 1.1. Full company name of the emitter Joint-Stock Company "Federal Grid Company of the Unified Energy System". 1.2. Reduced company name of the emitter JSC UES FGC 1.3. location of the emitter 117630 Moscow, Akademika Chelomeya Stree,. 5A
1.4. PSRN of the emitter 1024701893336 1.5. TIN of the emitter 4716016979 1.6. Unique code of the emitter appropriated by 65018-D registering body 1.7. Address of page in the "Internet" used by the www.fsk-ees.ru emitter for the information disclosing 1.8. Name of the periodic printed edition used by Supplement to the Reporter of FFMS the emitter for the information publication
2. Content of the statement
INFORMATION ABOUT THE RESOLUTION ON CREATION OF BRANCHES OF JSC UES FGC ADOPTED BY THE BOARD OF DIRECTORS OF JSC UES FGC Date of carrying out of the meeting of the Board of Directors, where the corresponding resolution was adopted: 21.12.2005; Date of drawing up and number of minutes of the meeting of the Board of Directors, where the corresponding decision was taken: Minutes as of 21.12.2005 N 28; Content of the decision adopted by the Board of Directors : 1.It was resolved to create the following branches of JSC USE FGC:
- Leningrad Enterprise of the Transmission Grids; - Maintenance Service and Repair of the Transmission Grids of Center.
2. It was resolved to make additions to the Charter of JSC UES FGC connected with creation of branches of JSC UES FGC.
119 120
Appendix 4
Annual Accounting Reporting of JSC UES FGC for 2005
120 121
Appendix to Order of the Ministry of Finance of the Russian Federation No. 67n dated by 22.07.2003
Accounting balance as of December 31, 2005 Codes: Form No.1 under OKUD (All-Russia Classifier of Management Documentation): 0710001 Date (year, month, day): 2005/12/31 under OKPO (All-Russia Classifier of Production Companies): 56947007 INN (Taxpayer Identification Number): 4716016979 under OKVED (All-Russia Classifier of Kinds of Business Activity): 40.10.2 under OKOPF/OKFS (All-Russia Classifier of Organizational and Legal Form/Form of Property): 47 | 16 under OKEI (All-Russia Classifier of Units of Measurement): 384/385
Company: «Federal Grid Company of Unified Energy System» Joint-Stock Company Kind of business: transmission of electric energy Organizational and legal form/form of property: Joint-Stock Company/personal property Unit of measurement: thousand rubles Location: 117630. Moscow city, Akademika Chelomeya Street, 5 A Date of approval: Date of sending (reception): 31.03.2006
Assets Code of As of the beginning As of the end of the indicator of the accounting accounting year year 1 2 3 4 I. Non-current assets 110 1414 14774
Immaterial assets, including: rights to patents, trade marks, 111 1414 14744 and other similar rights Other kinds of immaterial 112 - - assets Fixed assets, including: 120 104 925 312 105 456 579 Property in land and facilities 121 3 496 3 818 of nature use Buildings, cars, and 122 104 554 114 104 713 591 equipment, constructions
121 122 Assets Code of As of the beginning As of the end of the indicator of the accounting accounting year year Other kinds of fixed assets 123 367 702 739 170 Construction in process, 130 22 707 527 31 382 534 including Equipment to be installed 131 2 174 857 3 169 981 Investments in the non-current 132 20 532 670 28 212 553 assets Profit investments in the 135 - - material values Long-term financial 140 993 882 1 938 414 investments Deferred tax assets 145 649 925 651 539 Other non-current assets 150 35 919 91 027 TOTAL under Section I 190 129 313 919 139 534 837 II. Circulating assets 210 1 419 356 1 458 364 Stocks, including: Raw material, materials and 211 822 741 981 638 other similar values Expenditures in the production 213 - 3 377 in process Manufactured products and 214 68 29 products for reselling Expenditures of future periods 216 596 545 473 319 Other stocks and expenditures 217 2 1 Value added tax on purchased 220 3 510 575 6 141 694 values
Debt receivable (payments on 230 - 1 513 266 which are expected more than after 12 months after the accounting date) Other debtors 234 - 1 513 266 Debt receivable (payments on 240 6 669958 8 581 716 which are expected during 12 months after the accounting date), including Purchases and customers 241 479 463 546 313 Debt of participants (founders) 242 - - on instalment in the authorized capital Given out advance payments 243 5 486 825 6 694 380
122 123 Assets Code of As of the beginning As of the end of the indicator of the accounting accounting year year Other debtors 244 703 670 1 341 023 Short-term financial 250 52 300 422 investment Monetary funds, including: 260 164 736 1 341 762 Cash 261 1 619 1 973 Settlement accounts 262 161 437 1 339 134 Foreign currency accounts 263 30 - Money documents 264 27 30 Other monetary means 270 - - TOTAL under Section II 290 11 764 677 19 337 224
Liabilities Code of As of the beginning of As of the end of the indicator the accounting period accounting period III. Capital and reserves 410 121 607 242 121 607 242 Authorized capital Own shares, purchased from the 411 - - shareholders Additional capital 420 9 340 130 9 322 392 Reserve capital 430 52 448 1 782 195 Uncovered loss of past years 460 (434 427) - Undistributed profit of past years 465 2 166 760 2 586 Undistributed profit of the 470 - 2 014 804 accounting period TOTAL under Section III 490 132 732 153 134 729 219 IV. Long-term liabilities 510 5 000 000 19 000 000 Loans and credits Deferred tax liabilities 515 - - Other long-term liabilities 520 - - TOTAL under Section IV 590 5 000 000 19 000 000 V. Short-term liabilities 610 1 532 101 834 401 Loans and credits Accounts payable, including 620 1 814 312 4 308 421 Suppliers and contractors 621 1 050 501 3 515 628 Debt to the company's staff 622 56 000 53 722 Debt to the state non-budget funds 623 18 356 23 677 Debt on taxes and collections 624 88 095 408 414 Received advance payments 627 12 122 24 325
123 124 Other creditors 625 589 238 282 655 Liabilities Code of As of the beginning of As of the end of the indicator the accounting period accounting period Debt to participants (founders) on 630 - - tax payment Profit of future periods 640 30 20
Reserves of future expenditures 650 - - Other short-term liabilities 660 - - TOTAL under Section V 690 3 346 443 5 142 842 BALANCE 700 141 078 596 158 872 061 Certificate on availability of values on balance accounts Rented fixed assets 910 3 978 682 4 046 073 Including leasing 911 - 836 Goods-and-material values taken 920 63 284 181 535 for guaranteeing storage Goods taken for commission 930 - - Writing-off of debt of insolvent 940 - - debtors as a loss Provision of liabilities and 950 - - payments- given out Provision of liabilities and 960 1 336 338 672 764 payments - received Depreciation of housing resources 970 11 39 Depreciation of facilities of 980 - - external improvement and other similar facilities Non-current assets, received for 990 - - use Working clothes 991 - - Fixed assets granted on lease 992 197 9 937 Forms of strict accounting 1000 100 41
124 125
Appendix to Order of the Ministry of Finance of the Russian Federation No. 67n dated by 22.07.2003
Profit and loss settlement as of December 31, 2005 Codes: Form No.2 under OKUD (All-Russia Classifier of Management Documentation): 0710001 Date (year, month, day): 2005/12/31 under OKPO (All-Russia Classifier of Production Companies): 56947007 INN (Taxpayer Identification Number): 4716016979 under OKVED (All-Russia Classifier of Kinds of Business Activity): 40.10.2 under OKOPF/OKFS (All-Russia Classifier of Organizational and Legal Form/Form of Property): 47 | 16 under OKEI (All-Russia Classifier of Units of Measurement): 384/385
Company: «Federal Grid Company of Unified Energy System» Joint-Stock Company Kind of business: transmission of electric energy Organizational and legal form/form of property: Joint-Stock Company/personal property Unit of measurement: thousand rubles
Indicator As of the accounting As of the similar period period of the last year name code 1 2 3 4 Profit and expenditures by ordinary 010 29 866 866 23 260 737 kinds of activity Profit (net) from sale of goods, products, works, services (vat included; excise-duties and other similar obligatory payments included), including: Services on transfer of electric energy 011 27 808 953 23 191 902 Other activity 012 2 057 913 68 835 Prime cost of sold goods, products, 020 (23 234 407) (17 957 671) works, services, including: Services on transfer of electric energy 021 (21 479 716) (17 900 729) Other activity 022 (1 754 691) (56 942) Gross profit (010+020) 029 6 632 459 5 303 066 Commercial expenditures 030 - - Management expenditures 040 (1 297 339) (1 126 540) Profit (loss) from sales 050 5 335 120 4 176 526 (029+030+040)
125 126 Indicator As of the accounting As of the similar period period of the last year Operational profit and expenditures interest receivable 060 88 927 56 115 Interest payable 070 (848 294) (175 247) Profit from participation in other 080 - - companies Other operational profit 090 555 060 62 556 Other operational expenditures 100 (1 578 951) (963 264) Over-sale profit and expenditures 120 58 829 61 033 Over- sale expenditures 130 (315 322) (207 887) Extraordinary profit and expenditures 160 297 765 241 569 Extraordinary profit Extraordinary expenditures 170 (168 182) (93 724) Profit (loss) before taxation 140 3 424 952 3 157 677 (050+060+070+080+090+100+120+\ 130+160+170) Relative expenditure on the profit tax 143 (821 988) (757 842) (140x24%) Constant tax liabilities 200 (605 608) (231 988) Deferred tax assets 141 1 614 22 654 Deferred tax liabilities 142 - ( - ) Current profit tax(143+200-141+142) 150 (1 429 210) (1 012 484) Other similar obligatory payments 151 (290) (1 087) Net profit (loss) of the accounting 190 1 997 066 2 166 760 period (140+143+200+151) or (140+141+150+151) reference Basic profit (loss) for 100 000 000 201 821 897 shares Overcapitalized profit (loss) 202 821 897
Interpretation of Certain Profit and Loss form 0710001 p.2 indicator As of the accounting As of the similar period period of the last year name code profit loss profit loss 1 2 3 4 5 6 Fines, penalties, liquidated 5008 286 964 2292 damages – recognized or under which the decisions of the court
126 127 indicator As of the accounting As of the similar period period of the last year were received (court of arbitration) about their collection Profit (loss) of past years 15864 86461 23968 16848 Compensation of damages - - - - inflicted by non-execution or improper execution of liabilities Currency differences under the 490 739 601 1 685 operation in foreign currency Deductions in the appraisal X 943000 X 543010 reserves Writing-off of debt receivable 1 - - - and account payable, concerning which the term of suit period expired
127
Appendix to Order of the Ministry of Finance of the Russian Federation No. 67n dated by 22.07.2003
Report on the Capital Changes for 2005
Codes: Form No.3 under OKUD (All-Russia Classifier of Management Documentation): 0710001 Date (year, month, day): 2005/12/31 under OKPO (All-Russia Classifier of Production Companies): 56947007 INN (Taxpayer Identification Number): 4716016979 under OKVED (All-Russia Classifier of Kinds of Business Activity): 40.10.2 under OKOPF/OKFS (All-Russia Classifier of Organizational and Legal Form/Form of Property): 47 | 16 under OKEI (All-Russia Classifier of Units of Measurement): 384/385
Company: «Federal Grid Company of Unified Energy System» Joint-Stock Company Kind of business: transmission of electric energy Organizational and legal form/form of property: Joint-Stock Company/personal property Unit of measurement: thousand rubles
I. Changes of the capital indicator Authorize Additional Reserve Undistribut TOTAL d capital capital capital ed profit (uncovered loss) name code 1 2 3 4 5 6 7 Balance as of 010 127 000 2 086 049 - (398018) 128 688 031 December 31 of 000 the year prior to the last year Year 2004 011 X X X - - (previous year) changes in the accounting policy Result from the re- 012 X 3 656 626 X 2 369 3 658 995 estimation of facilities of fixed assets Changes of rules of 013 X - X - - the accounting Balance as of 020 127 000 5 742 675 - (395 649) 132 347 026 January 1 of the 000 129 indicator Authorize Additional Reserve Undistribut TOTAL d capital capital capital ed profit (uncovered loss) previous year Result of 023 X - X X - recalculation of foreign currencies Net asset 025 X X X 2 166 760 2 166 760 Dividend 026 X X X - - Deductions to the 030 X X 52 448 (52 448) - reserve fund Increase in the 040 - X X X - volume of the capital due to: Additional issue of 041 - X X X - shares Increase in the par 042 - X X X - value of shares Reorganization of 043 - X X - - the legal person others 044 - - - - - Decrease in the 050 (5 392 (11 084) - 11 084 (5 392 758) volume of the 758) capital due to: Decrease in the par 051 - X X X - value of shares Decrease in the 052 (5 392 X X X (5 392 758) amount of shares 758) Reorganization of 053 - X X - - the legal person others 054 - (11 084) - 11 084 - Own shares 055 - - - - - purchased from the shareholders Balance as of 060 121 607 5 731 591 52 448 1 729 747 129 121 028 December 31 of 242 the previous year Year 2005 061 X X X - - (accounting year) changes in the accounting policy Result from the re- 062 X 3 608 539 X 2 586 3 611 125 estimation of facilities of fixed
129 130 indicator Authorize Additional Reserve Undistribut TOTAL d capital capital capital ed profit (uncovered loss) assets Changes of rules of 063 X - X - - the accounting Balance as of 100 121 607 9 340 130 52 448 1 732 333 132 732 153 January 1 of the 242 accounting year Result of 103 X - X X - recalculation of foreign currencies Net asset 105 X X X - - Dividend 106 X X X - - Deductions to the 110 X X 1 729 747 (1729747) - reserve fund Increase in the 120 - - - - - volume of the capital due to: Additional issue of 121 - X X X - shares Increase in the par 122 - X X X - value of shares Reorganization of 123 - X X - - the legal person others 124 - - - - -
Own shares 125 - - - - - purchased from shareholders Decrease in the 130 - (17738) X 17738 - volume of the capital due to: Decrease in the par 131 - X X X - value of shares Decrease in the 132 - X X - - amount of shares Reorganization of 133 - X X - - the legal person others 134 - (17738) - 17738 - Balance as of 140 121 607 9 322 392 1 782 195 2 017 390 134 729 219 December 31 of 242 the accounting year
130 131 II. Reserves indicator balance in used balance name code 1 2 3 4 5 6 Reserves formed - - - - according to the legislation: data of the previous year 150 - 52 448 - 52 448 Data of the accounting 151 52 448 1 729 747 - 1 782 195 year Reserves formed - - - - according to the constituent documents Data of the previous 152 - - - - year Data of the accounting 153 - - - - year Assessed reserves: reserves on the doubtful debt data of the previous 160 6 403 543 010 - 549 413 year
Data of the accounting period 161 549 413 - (502 567) 46 846 Reserve on the - - - - security of the financial investments data of the previous year 162 Data of the accounting 163 - 943 000 - 943 000 period
References indicator Balance Balance as of the as of the beginning end of the of the accountin accountin g period g year name code 1 2 3 4
131 132 indicator Balance Balance as of the as of the beginning end of the of the accountin accountin g period g year 1) net assets 200 132 732 183 134 729 239 From the budget From the non- budgetary funds As of the As of the As of the As of the accounting previous accounting previous year year year year 3 4 5 6 2) received for: 210 73 60 - 30 expenditures on ordinary kinds of activity - total Including: 211 73 60 - - for compensations to victims of Chernobyl Capital investments in 220 - - - - the non-current assets others 230 - - - 30
132
Appendix to Order of the Ministry of Finance of the Russian Federation No. 67n dated by 22.07.2003
Report on Cash Flow for 2005
Codes: Form No.4 under OKUD (All-Russia Classifier of Management Documentation): 0710001 Date (year, month, day): 2005/12/31 under OKPO (All-Russia Classifier of Production Companies): 56947007 INN (Taxpayer Identification Number): 4716016979 under OKVED (All-Russia Classifier of Kinds of Business Activity): 40.10.2 under OKOPF/OKFS (All-Russia Classifier of Organizational and Legal Form/Form of Property): 47 | 16 under OKEI (All-Russia Classifier of Units of Measurement): 384/385
Company: «Federal Grid Company of Unified Energy System» Joint-Stock Company Kind of business: transmission of electric energy Organizational and legal form/form of property: Joint-Stock Company/personal property Unit of measurement: thousand rubles
Indicator As of the accounting As of the similar period period name code 1 2 3 4 Balance of the monetary funds as of 010 164208 1 252 259 the beginning of the accounting period Cash flow on the current activity means received from purchases, 020 32 745 785 26 915 673 customers
Receipts of purchased foreign 030 122 120 128 425 currency Receipts in connection with 040 296 467 247 955 insurance cases Other incomes 050 4 221 604 486 980 Monetary funds directed to: Payment for purchased goods, 150 (10 297 814) (6 548 181) works, services, raw material, and other circulating assets 134 Indicator As of the accounting As of the similar period period For remuneration of labor 160 (2 698 941) (1 771 271) For payment of dividends, interest 170 (818 754) (161 987) For settlement of tax and collections 180 (5 206 157) (5 063 402) Payment in connection with 181 (49 582) (55 150) extraordinary situations Payments in connection with other 190 (2 917 599) (1 546 633) expenditures Net cash from received from the 200 15 397 129 12 632 409 current activity Cash flow under from the current activity Profit from sale of facilities of fixed assets an other non-current assets 210 1 648 766 Profit from sale of securities and 220 10 644 6 628 other financial investments Received dividends 230 - - Received interest 240 25 320 55 307 Receipts from repayment of loans 250 1 599 999 518 594 granted by other companies Other income 260 - 5 Monetary funds directed to: purchase of subsidiaries 280 (1 029 781) - Purchase of facilities of fixed assets, 290 (24 491 047) (20 480 097) profitable investments in the material values and immaterial assets Purchase of securities and other 300 (1 041 232) (949 204) financial investments Loans granted to other companies 310 (2 504 083) (569 259) Other expenditures 320 (60 685) (502 122) Net cash from the investment 340 (27 489 217) (21 919 382) activity Cash flow under the financial activity Receipts from emission of shares or 350 - 1 680 041 other securities
Receipts from loans and credits 360 24 816 940 10 916 593 granted by other companies Receipts of means on target 370 73 60 financing
134 135 Indicator As of the accounting As of the similar period period Other income 380 - - Monetary funds directed to: Repayment of loans and credits 390 (11 546 841) (4 397 752) (interest free) Other expenditures 405 (560) (20) Net cash from financial activity 410 13 269 612 8 198 922 Net increase (decrease) of cash an 420 1 177 524 (1 088 051) its equivalent Balance of monetary funds as of the 430 1 341 732 164 208 end of the accounting period Volume of influence of changes 440 - - foreign currency rates in relation to the ruble
135 136
PriceWaterhouseCoopers
«Federal Grid Company of Unified Energy System» Joint-Stock Company
Auditor's conclusion on the financial (accounting) reporting year 2005
PricewaterhouseCoopers Audit Joint-Stock Company (ZAO PwC Audit) 115054 Moscow, Kosmodamianskaya Embankment, 52, bld. 5 phone number: +7(495) 967 6000 fax number: +7 (495) 967 6001
Auditor's Conclusion on the financial (accounting) reporting to the shareholder of «Federal Grid Company of Unified Energy System» Joint-Stock Company:
Auditor:PricewaterhouseCoopers Audit Joint-Stock Company (ZAO PwC Audit)
Certificate on state registration of the joint-stock company N 008.890, issued by Moscow Registration Chamber on February 28, 1992 Certificate on making an entry in the Uniform State Register of Legal Persons about the legal person, which was registered before July 1, 2002 under No. 1027700148431 as of August 22, 2002, issued by Inter-district Inspection of the Ministry of Taxation of Russia No. 39 of Moscow
License for conducting of audit No. E000376, issued by the Ministry of Finance of the Russian Federation on May 20, 2002. The license is valid till May 20, 2007.
Audited person
«Federal Grid Company of Unified Energy System» Joint-Stock Company 117630, Moscow, Akademika Chelomeya Street, 5A
Certificate on state registration of the legal person No. 21081 series LO-002, issued by Leningrad Regional Registration Chamber on June 25, 2002, entry in the Uniform State Register of Legal Persons No. 00/03124.
136 137
Auditor's Conclusion on the financial (accounting) reporting of «Federal Grid Company of Unified Energy System» Joint-Stock Company to the shareholder of «Federal Grid Company of Unified Energy System» Joint-Stock Company:
1. We conducted an audit of applied financial (accounting) reporting of «Federal Grid Company of Unified Energy System» Joint-Stock Company (hereinafter – the Company) for the period from January 1 to December 31, 2005 inclusive. Financial (accounting) reporting of the Company consists of accounting balance, profit and loss settlement, report on the capital changes, report on cash flow, appendix to the accounting balance, explanatory note (hereinafter all reports are together referred to as financial (accounting) reporting). Financial (accounting) reporting was prepared by the management of the Company proceeding from the legislation of the Russian Federation with regard to preparation of the financial (accounting) reporting. Reporting prepared proceeding from the above mentioned legislation considerably differs from the reporting prepared according to the International Standards of Financial Reporting. 2. The executive body of the Company takes the whole responsibility for preparation and presentation of the financial (accounting) reporting. Our responsibility is to express our opinion on reliability in all essential terms of the given financial (accounting) reporting and conformity of the procedure of accounting with the legislation of the Russian Federation on the basis of the conducted audit. 3. We carried out an audit in accordance with the Federal Law «On audit activity», Federal Rules (standards) of the audit activity, International standards of audit, and our internal standards.
Audit was planned to be conducted so that to gain assurance that the financial (accounting) reporting does not contain essential deviations. The audit was carried out on a test basis and included examination on the basis of testing of proofs confirming figures containing in the financial (accounting) reporting, and disclosure of information on the economic activity, assessment of observance of principles and rules of accounting applied at preparation of the financial (accounting) reporting, consideration of main estimated figures calculated by the management of the Company, as well as assessment of presentation of the financial (accounting) reporting. We suppose that the conducted audit gives all reasons for giving our opinion on reliability of the financial (accounting) reporting and conformity of the accounting with the legislation of the Russian Federation. 4. In our opinion, the financial (accounting) reporting of the Company applied to the present Auditor's conclusion reflects in all essential terms the position of the Company as of December 31, 2005 authentically, as well as the results of its economic activity for the period from January 31 to December 31, 2005 inclusive in conformity with the requirements of the legislation of the Russian Federation and with regard to preparation of the financial (accounting) reporting.
April 4, 2006
Director of the joint-stock company D. Grey signature
Auditor
137 138 Qualification Certificate No. K005491 in the field of general audit termless S.G. Meshcherina signature
Appendix 5
Location: 117630, Moscow, Akademika Chelomeya Street, 5A Postal Address: 117630, Moscow, Akademika Chelomeya Street, 5A
Phone: 710-90-00, fax: 710-96-55 E-mail: [email protected]
Data on the auditor (auditors) of the emitter
At the annual general meeting of shareholders of JSC UES FGC, which took place on 24.06.2005, "PriceWaterhouseCoopers" Audit Joint-Stock Company was approved as auditor of the Company for the period till the following annual general meeting of shareholders. Full and reduced company names of the organization: "PriceWaterhouseCoopers" Audit Joint-Stock Company , ZAO PricewaterhouseCoopers Audit
Location: 115054 Kosmodamianskaya Emb., 52., bld..5. Phone number and fax: (095) 967 6000, fax (095) 967 6001. E-mail address - www.pwc.com Number, date of delivery and term of the license for realization of auditor activity, the body which issued the specified license: the license for realization of auditor activity - Е000376, Order of the Ministry of Finance of the Russian Federation No. 98 as of May 20, 2002 for the term of five years from the specified date.
Data on the appraiser of the emitter For reassessment of the fixe assets as of 01.01.2004, the emitter involved the independent appraiser CO-INVEST limited liability company (CO-INVEST Ltd.). Location of the appraiser - 117133, Moscow, A Vargi Street, 22, apt.20 Phone:133-25-31, fax 133-25-98 Email: [email protected]
Number, date of licensing for realization of estimating activity – No.000025 as of 06.08.2001. Validity of the license: till 06.08.2004. The body, which issued the specified license: the Ministry of Property Relations of the Russian Federation.
The information on estimating services being rendered (rendered) by the appraiser: the appraiser performed carried out definition of regenerative cost of the fixed assets of JSC UES FGC as of 01.01.2004, i.e. of the full sum of expenses, which their proprietor had to incur with the purpose of their restoration (replacement) by similar new fixed assets for the market prices operating as of the date
138 139 of carrying out of reassessment according to Order of the Ministry of Finance of the Russian Federation as of 30.03.2001 No. 26N.
Data on the registrar The person, which carries out conducting of the register of owners of nominal securities of the emitter (the emitter, the registrar): "Central Moscow Depository "joint-stock company (JSC CMD) Location: 105082, Moscow, B. Pochtovaya Street, 34, bl. 8 Postal address: 107078 Russian Federation, Moscow, Orlikov Lane, 3, building B Phone: (095) 221-13-33 Fax: (095) 221-13-83 E-mail address: [email protected]
License: Number of the license: 10-000-1-00255 Date of delivery: 13.09.2002 Validity: not determined Body, which licensed: the Federal Commission for the Securities Market Date of beginning of conducting the register of nominal securities of the emitter by the specified registrar: 27.11.2002
139