FGC UES

FGC UES

FGC UES (Federal Grid Company of Unified Energy System) is the owner and operator of the electricity transmission grid in Russia.

History

On 25 January 2002, the Board of Directors of RAO UES decided to establish FGC UES as a subsidiary of Unified Energy Sustem (RAO UES). On 25 June 2002, the official registration of FGC UES was took place.

As of 1 July 2008, FGC UES was spun-off from RAO UES. At the same time, a single operating company was created by merging with 54 companies operating transmission systems of former regional power utilities.Cite news
title = FGC merges grids into a company with capitalization of $2 bn
publisher = Kommersant
date = 2007-02-15
url= http://www.antcm.ru/mmediainf.asp?id=818&rbr=0&sw=leverage&lng=2
accessdate =2008-07-27
] It took also over remain assets of RAO UES.

hareholders

According to the law, the Russian Government should have at least 75% plus one share of the company's shares. As of 1 July 2007, the Russian Government owned 77.66% of company shares, while 22.34% was owned by minority shareholders. These shares are freely traded at MICEX (MICEX|FEES).

Management

The chairman of the Board of Directors is Boris Ayuyev. Also Industry and Energy Minister Viktor Khristenko is a member of the board. The chairman of the Managing Board is Andrey Rappoport.

ee also

*Energy policy of Russia

References

External links

* [http://fsk-ees.ru/eng/ Company website]


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