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Unified Energy System

January 11, 2005

Nine regional energos complete separation by lines of business

Moscow. 11 January 2005. On 1 January 2005, state registration was issued to companies spun off from the following nine regional energos (subsidiaries and dependent companies of RAO "UES of Russia") as a result of reorganization: OAO "Vladimirenergo", "Volgogradenergo", "Ivenergo", "Karelenergo", "Kostromaenergo", "Marienergo", "Penzaenergo", "Udmurtenergo" and "Chuvashenergo".

The regional energos were reorganized in accordance with the basic restructuring plan. As provided by the regional energos' restructuring plans approved by the Board of Directors of RAO "UES of Russia", new companies are to be spun off from the energy companies by lines of businessóelectricity generation, transmission and retailingówith the companies' ownership structure preserved.

The following companies were spun off from the regional energos:

OAO "Vladimirenergo":

  • OAO "Vladimir Generation Company"
  • OAO "Vladimir Energy Retail Company"

OAO "Volgogradenergo":

  • OAO "Volzhskaya Generation Company"
  • OAO "Volga-Don Energy Complex Management Company"
  • OAO "Volgogradenergosbyt"

OAO "Ivenergo":

  • OAO "Ivanovo Generation Company"
  • OAO "Ivanovo Energy Retail Company"

OAO "Karelenergo":

  • OAO "Karelenergogeneratsiya"
  • OAO "Karelenergo Management Company"
  • OAO "Karelia Energy Retail Company"

OAO "Kostromaenergo":

  • OAO "Kostroma Generation Company"
  • OAO "Kostroma Retail Company"

OAO "Marienergo":

  • OAO "Mari Regional Generation Company"
  • OAO "Mari Regional Management Company"
  • OAO "Marienergosbyt"

OAO "Penzaenergo":

  • OAO "Penza Generation Company"
  • OAO "Penza Energy Management Company"
  • OAO "Penza Energy Retail Company"
  • OAO "Penza Energy Repair Company"

OAO "Udmurtenergo"

  • OAO "Udmurt Territorial Generation Company"
  • OAO "Udmurt Management Energy Company"
  • OAO "Udmurt Energy Retail Company"

OAO "Chuvashenergo":

  • OAO "Chuvash Generation Company"
  • OAO "Chuvash Management Company"
  • OAO "Chuvash Energy Retail Company"
  • OAO "Cheboksarskaya HPP"

Thus, as at 10 January 2005, 14 regional energos of OAO RAO "UES of Russia" completed separation by lines of business (previously, the process was completed at OAO "Belgorodenergo", OAO "Kalugaenergo", OAO "Bryanskenergo", OAO "Voronezhenergo", OAO "Pskovenergo").

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