About CompanyThe open joint-stock company Federal Grid Company of Unified Energy System (JSC FGC UES) is incorporated in accordance with the restructuring program designed for the Russian Federation power industry as organization performing the Unified national (All-Russia) electric grid (UNEG) management with intent of its maintenance and development. State registration of JSC FGC UES took place on June 25, 2002.
JSC FGC UES is a key element in infrastructure of the created Russian energy market. In accordance with the applicable laws, JSC FGC UES is a natural monopoly as well. The company business is regulated by the government.
FGC UES operates power grid equipment in 73 regions of the Russian Federation, which have total land of 13.6 million sq. km and population of about 140 million people.
The Company ensures the proper functioning of 118 045 km of electricity transmission lines and 758 sub-stations with a total installed transformer capacity of more than 286,000 MVA, with voltage ranging from 35-1150 kV.
At 2009 year end the Federal Grid Company provided the actual balancing electric energy supply from grids of the Unified national (All-Russia) electric grid (UNEG) in bulk 452 662,172 mio kW.
In accordance with the effective edition of the Charter, the Charter capital of JSC FGC UES equals RUR 616 780 666 776 that is split into 1 233 561 333 552 of ordinary registered uncertified shares with nominal value of RUR 0.50 each.
The Russian Government is the Company’s largest shareholder – holding 79.11% of the Company’s shares. The remaining 20.89% of the Company’s shares are held by more than 470,000 minority shareholders.
As of May, 31 2008 JSC FGC UES was given BBB rating (international scale) by Standard & Poor’s and Baa2 (international scale) by Moody’s.
General guidelines for the company:
- management for the Unified national (All-Russia) electric grid;
- providing services for electric energy transmission and connection to the electric grid to participants in the wholesale energy market;
- investment activities in the Unified national (All-Russia) electric grid development;
- maintenance of electric grids;
- technical supervision for grid facilities.
Key indicators 2004-2008
| |
2004 |
2005 |
2006 |
2007 |
2008 |
| Transmission lines length, km |
45 038 |
45 895 |
47 060 |
47 073 |
118 045 |
| Substations, pcs |
131 |
136 |
137 |
153 |
758 |
| Average listed headcount, people |
10 174 |
11 765 |
20 129 |
21 019 |
14 858 |
| Revenues, mio rubles |
23 249,7 |
29 866,9 |
53 599,5 |
61 385 |
68 485 |
| Income (loss) before taxes, mio rubles |
3 157,7 |
3 425 |
3 553,1 |
3 900 |
6 176,8 |
| Net undistributed income (loss), mio rubles |
2 166,8 |
1 997,1 |
1 833,5 |
2 296 |
4 465,5 |
| Net assets value, mio rubles |
129 121 |
134 729,2 |
140 078 |
204 785 |
666 470,9 |
|
