Moscow, 23 March 2005. In accordance with the schedule for regional energos' restructuring, it is planned that state registration will be completed on 1 April 2005 by the following 50 newly established companies spun off from OAO "Arkhenergo", OAO "Belgorodenergo", OAO "Kirovenergo", OAO "Mosenergo", OAO "Nizhnovenergo", OAO "Novgorodenergo", OAO "Orelenergo", OAO "Permenergo", OAO "Sverdlovenergo", OAO "Stavropolenergo", OAO "Tomskenergo", and OAO "Tulenergo" in accordance with the basic restructuring plan. Also, on 1 April, 9 trunk grid companies* spun off from OAO "Belgorodenergo", OAO "Vladimirenergo", OAO "Voronezhenergo", OAO "Ivenergo", OAO "Mordovenergo", OAO "Mosenergo", OAO "Penzaenergo", OAO "Tverenergo", and OAO "Tomskenergo" are to complete their registration with the authorities.
The following companies will be spun off from the above regional energos:
OAO "Akhenergo"
- OAO "Arkhangelsk Generation Company"
OAO "Arkhangelsk Retail Company"
OAO "Belgorodenergo"
- OAO "Power Grid Company"
- OAO "Belgorod Trunk Grid Company"
OAO "Vladimirenergo"
- OAO "Vladimir Trunk Grids"
OAO "Voronezhenergo"
- OAO "Voronezh Trunk Grid Company"
OAO "Ivenergo"
- OAO "Ivanovo Trunk Grids"
OAO "Kirovenergo"
- OAO "Vyatskaya Electricity and Heat Company"
- OAO "Kirovenergosbyt"
- OAO "Kirovenergo Management Company"
* Registration of the trunk grid companies will take place if the Management Board of the Federal Tariffs Service of Russia approves the tariff for the transmission services at its meeting on 29 March 2005.
OAO "Mordovenergo"
OAO "Mordovia Trunk Grid Company"
OAO "Mosenergo"
- OAO "Management Energy Company"
- OAO "Trunk Grid Company"
- OAO "Moscow City Electricity Network Company"
- OAO "Moscow Heat Network Company"
- OAO "Moscow Region Electricity Network Company"
- OAO "Mosenergosbyt"
- OAO "Specialized Design Bureau for Repair and Modernization"
- OAO "Mosteplosetenergoremont"
- OAO "Mosenergosetstroy"
- OAO "GRES-4" (TPP-4)
- OAO "GRES-5" (TPP-5)
- OAO "GRES-24" (TPP-24)
- OAO "Zagorskaya Pumped Storage Hydroelectric Plant" (PSHP)
OAO "Nizhnovenergo"
- OAO "Nizhny Novgorod Management Energy Company"
- OAO "Nizhny Novgorod Retail Company"
- OAO "Nizhny Novgorod Energy Repair Company"
OAO "Novgorodenergo"
- OAO "Novgorod Generation Company"
- OAO "Novgorod Energy Retail Company"
- OAO "Novgorod Energy Management Company"
OAO "Orelenergo"
- OAO "Oryol Generation Company"
- OAO "Oryol Retail Company"
- OAO "Oryol Energy Management Company"
OAO "Penzaenergo"
- OAO "Penza Trunk Grid Company"
OAO "Permenergo"
- OAO "Perm Energy Management Company"
- OAO "Perm Generation Company"
- OAO "Yaivinskaya TPP"
- OAO "Perm Energy Retail Company"
- OAO "Permenergoremont"
- OAO "Permenergospetsremont"
OAO "Sverdlovenergo"
- OAO "Sverdlovsk Generation Company"
- OAO "Sverdlovsk Energy Management Company"
- OAO "Sverdlovenergosbyt"
- OAO "Serovskaya TPP"
- OAO "Sverdlovsk Energy Service Company"
OAO "Stavropolenergo"
- OAO "Stavropol Electricity Generation Company"
- OAO "Stavropol Management Company"
- OAO "Stavropolenergosbyt"
- OAO "Stavropol Heat Generation Company"
OAO "Tverenergo"
OAO "Tomskenergo"
OAO "Tomsk Energy Management Company"
OAO "Tomsk Distribution Company"
OAO "Tomsk Energy Retail Company"
OAO "Tomsk Trunk Grids"
OAO "Tomskenergoremont"
OAO "Tomskelektrosetremont"
OAO "Tulenergo"
- OAO "Priokskaya Territorial Generation Company"
- OAO "Tula Energy Management Company"
- OAO "Tula Retail Company"
As at 23 March 2005, the state registration procedure has been completed by 85 newly established companies spun off in the course of registration of 26 subsidiaries and dependent companies of RAO "UES of Russia": OAO "Belgorodenergo", OAO "Kalugaenergo", OAO "Bryanskenergo", OAO "Voronezhenergo", OAO "Pskovenergo", OAO "Vladimirenergo", OAO "Volgogradenergo", OAO "Ivenergo", OAO "Karelenergo", OAO "Kostromaenergo", OAO "Marienergo", OAO "Penzaenergo", OAO "Udmurtenergo", OAO "Chuvashenergo", OAO "Astrakhanenergo", OAO "Lipetskenergo", OAO "Rostovenergo", OAO "Ryazanenergo", OAO "Tambovenergo", OAO "Tverenergo", OAO "Yarenergo", OAO "Chelyabenergo", OAO "Kurskenergo", OAO "Mordovenergo", OAO "Nizhnovenergo" and OAO "Smolenskenergo"**.
The ownership structure of the newly established companies mirrors that of the regional energo reorganized in accordance with the basic restructuring plan.
__________________________________________________________________
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** Timings of state registration of the companies established as a result of regional energos' restructuring |
|
No. |
Regional energo |
Companies spun off as a result of regional energo's restructuring and registered with regulators |
Date of the new company's state registration |
|
Basic Plan for Restructuring of Regional Energos |
|
1 |
OAO "Astrakhanenergo" |
OAO "Astrakhan Regional Generation Company" |
11 January 2005 |
|
OAO "Astrakhan Energy Management Company" |
11 January 2005 |
|
OAO "Astrakhan Energy Retail Company" |
11 January 2005 |
|
2 |
OAO "Belgorodenergo" |
OAO "Belgorod Retail Company" |
01 October 2004 |
|
OAO "Heat Energy Company" |
01 October 2004 |
|
3 |
OAO "Bryanskenergo" |
OAO "Bryansk Generation Company" |
01 October 2004 |
|
OAO "Bryansk Retail Company" |
01 October 2004 |
|
OAO "Bryansk Energy Management Company" |
19 April 2004 |
|
4 |
OAO "Voronezhenergo" |
OAO "Voronezh Generation Company" |
31 August 2004 |
|
OAO "Voronezh Energy Retail Company" |
31 August 2004 |
|
OAO "Voronezh Management Energy Company" |
31 August 2004 |
|
5 |
OAO "Vladimirenergo" |
OAO "Vladimir Energy Retail Company" |
01 January 2005 |
|
OAO "Vladimir Generation Company" |
01 January 2005 |
|
OAO "Vladimir Energy Company" |
15 January 2005 |
|
6 |
OAO "Volgogradenergo" |
OAO "Volzhskaya Generation Company" |
01 January 2005 |
|
OAO "Volga-Don Energy Complex Management Company" |
01 January 2005 |
|
OAO "Volgogradenergosbyt" |
01 January 2005 |
|
7 |
OAO "Ivenergo" |
OAO "Ivanovo Generation Company" |
01 January 2005 |
|
OAO "Ivanovo Energy Retail Company" |
01 January 2005 |
|
OAO "Ivanovo Management Energy Company" |
14 January 2005 |
|
8 |
OAO "Kalugaenergo" |
OAO "Kaluga Generation Company" |
01 April 2004 |
|
OAO "Kaluga Retail Company" |
01 April 2004 |
|
OAO "Kaluga Energy Management Company" |
01 April 2004 |
|
OAO "Kaluga Trunk Grid Company" |
01 April 2004 |
|
9 |
OAO "Karelenergo" |
OAO "Karelenergogeneratsiya" |
01 January 2005 |
|
OAO "Karelenergo Management Company" |
01 January 2005 |
|
OAO "Karelia Energy Retail Company" |
01 January 2005 |
|
10 |
OAO "Kostromaenergo" |
OAO "Kostroma Generation Company" |
01 January 2005 |
|
OAO "Kostroma Retail Company" |
01 January 2005 |
|
11 |
OAO "Kurskenergo" |
OAO "Kursk Generation Company" |
01 February 2005 |
|
OAO "Kursk Energy Management Company" |
01 February 2005 |
|
OAO "Kurskenergosbyt" |
01 February 2005 |
|
12 |
OAO "Lipetskenergo" |
OAO "Lipetsk Generation Company" |
11 January 2005 |
|
OAO "Lipetsk Energy Management Company" |
11 January 2005 |
|
OAO "Lipetsk Energy Retail Company" |
11 January 2005 |
|
13 |
OAO "Marienergo" |
OAO "Mari Regional Generation Company" |
01 January 2005 |
|
OAO "Mari Regional Management Company" |
01 January 2005 |
|
OAO "Marienergosbyt" |
01 January 2005 |
|
14 |
OAO "Mordovenergo" |
OAO "Mordovia Generation Company" |
01 February 2005 |
|
OAO "Mordovia Heat Network Company" |
01 February 2005 |
|
OAO "Mordovia Energy Management Company" |
01 February 2005 |
|
OAO "Mordovia Energy Retail Company" |
01 February 2005 |
|
15 |
OAO "Nizhnovenergo" |
OAO "Nizhny Novgorod Generation Company" |
01 February 2005 |
|
16 |
OAO "Penzaenergo": |
OAO "Penza Generation Company" |
01 January 2005 |
|
OAO "Penza Energy Management Company" |
01 January 2005 |
|
OAO "Penza Energy Retail Company" |
01 January 2005 |
|
OAO "Penza Energy Repair Company" |
01 January 2005 |
|
17 |
OAO "Rostovenergo" |
OAO "Rostov Generation Company" |
11 January 2005 |
|
OAO "Energosbyt Rostovenergo" |
11 January 2005 |
|
OAO "Rostovenergo Management Company" |
11 January 2005 |
|
18 |
OAO "Ryazanenergo" |
OAO "Ryazan Heating Company" |
11 January 2005 |
|
OAO "Ryazan Management Company" |
11 January 2005 |
|
OAO "Ryazan Energy Retail Company" |
11 January 2005 |
|
19 |
OAO "Smolenskenergo" |
OAO "Smolensk Management Energy Company" |
01 February 2005 |
|
OAO "Smolensk Generation Company" |
01 February 2005 |
|
OAO "Smolenskenergosbyt" |
01 February 2005 |
|
OAO "Smolenskaya TPP" |
01 February 2005 |
|
OAO "Smolensk Energy Repair Company" |
01 February 2005 |
|
20 |
OAO "Tambovenergo" |
OAO "Tambov Generation Company" |
11 January 2005 |
|
OAO "Tambov Energy Management Company" |
11 January 2005 |
|
OAO "Tambov Energy Retail Company" |
11 January 2005 |
|
21 |
OAO "Tverenergo" |
OAO "Tver Generation Company" |
11 January 2005 |
|
OAO "Tver Management Energy Company" |
11 January 2005 |
|
OAO "Tver Energy Retail Company" |
11 January 2005 |
|
OAO "Tver Energy Repair Company" |
11 January 2005 |
|
22 |
OAO "Udmurtenergo" |
OAO "Udmurt Territorial Generation Company" |
01 January 2005 |
|
OAO "Udmurt Management Energy Company" |
01 January 2005 |
|
OAO "Udmurt Energy Retail Company" |
01 January 2005 |
|
23 |
OAO "Chelyabenergo" |
OAO Chelyabinsk Generation Company |
31 January 2005 |
|
OAO "Chelyabinsk Management Energy Company" |
31 January 2005 |
|
OAO "Chelyabenergosbyt" |
31 January 2005 |
|
OAO "Yuzhouralskaya TPP" |
31 January 2005 |
|
24 |
OAO "Chuvashenergo" |
OAO "Chuvash Generation Company" |
01 January 2005 |
|
OAO "Chuvash Management Company" |
01 January 2005 |
|
OAO "Chuvash Energy Retail Company" |
01 January 2005 |
|
OAO "Cheboksarskaya HPP" |
01 January 2005 |
|
25 |
OAO "Yarenergo" |
OAO "Yaroslavl Energy Company" |
11 January 2005 |
|
OAO "Yaroslavl Management Energy Company" |
11 January 2005 |
|
OAO "Yaroslavl Retail Company" |
11 January 2005 |
|
OAO "Yarenergoremont-Holding" |
22 November 2004 |
|
OAO "ATP Yarenergo-Holding" |
22 November 2004 |
|
"Non-basic" Plan for Restructuring of Regional Energos |
|
26 |
OAO "Pskovenergo" |
OAO "Pskovenergosbyt" |
18 August 2004 |
|
OAO "Pskovenergoagent" |
18 August 2004 |
|
OAO "Pskovenergoauto" |
23 August 2004 |
|
OAO "Pskovenergoservice" |
23 August 2004 |
Information for the attention of stock market participants:
Shares in a spin-off company are distributed among shareholders of the company reorganized through spin-off.
Shares in the spin-off companies are distributed to the regional energos' shareholders at a ratio determined by the reorganization resolution, taking into account the number and class of energos' shares held by each shareholder.
Shareholders who voted against the resolution to reorganize the regional energo or did not take part in the voting on that matter will receive shares in the newly established companies of the corresponding class in the amount equal to the number of shares of that class in the reorganized regional energo held by them as at the date of share placement.
The date on which the shares in the spin-off companies are placed is the date of state registration of the companies established as a result of regional energos' reorganization. The new shares are credited to the securityholder accounts with registrars and to the securities safekeeping accounts at securities depositories in accordance with the records in the share register of the regional energo concerned as at such date.
The shares will be credited to the securityholder accounts by the Registrar to be appointed by the Boards of Directors of the newly established companies.
Share issues of the spin-off companies are expected to be registered with the regulators within one and a half months after the date of companies' state registration. Transactions in such shares may be effected after the state registration of the issues.
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