Company Overview

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Federal Grid Company of Unified Energy System (Rosseti Group, public name: FGC UES) was established in accordance with the Russian electricity reformation program to manage the Unified National (all-Russian) Power Grid (UNPG) for the purpose of its reservation and development.

By Resolution of the Russian Government no. 526 of July 11, 2001 "Reforming the Electrical Power Industry of the Russian Federation", the Integrated Power System of Russia was recognized "national asset and guarantee of power security" of the country. Its key part "is the unified national energy network, which includes a system of backbone power transmission lines uniting the majority of regions of the country and representing one of the elements of the state integrity guarantee". In order to "preserve and strengthen it, ensure the unity of technological management and implementation of the state policy in the electric power industry", it was resolved to establish FGC UES.

Resolution of the Government of the Russian Federation no. 881 of December 21, 2001 approved the criteria for attributing transmission lines and grid facilities to the UNPG.

The authorized capital of FGC UES is 637,332,661,531 rubles 50 kopeks divided into 1,274,665,323,063 ordinary shares with a nominal value of 50 kopeks each.

Rosseti owns 80.13% of the outstanding shares of FGC UES, with minority shareholders owning 19.28% and Rosimushchestvo having 0.59% of the Federal Grid Company's shares.

Company's core business areas:

  • management of the Unified National Power Grid,

  • provision of power transmission and connection services to wholesale power and capacity market players,

  • investments into the development of the Unified National Power Grid.

Chairman of the Management Board of FGC UES is Andrey Murov.

Key Physical Indicators:

2014

2015

2016

2017

2018

Total transmission grid length, thousand km*

138.8

139.1

140.3

142.4

146

Number of substations, units*

924

931

939

944

958

Electricity transmitted from the UNEG, bn kWh

515.3

525.8

540.5

547.4

557.7

Net proceeds from sale of goods, products and services, mln RUB**

168,941

173,266

218,366

215,999

240.294

Profit (loss) before tax, mln RUB**

14,338

27,884

124,320

60,593

73,408

Net profit (loss), mln RUB**

5,137

17,870

106,071

42,362

56,187

Net assets, mln RUB**

854,490

886,127

987,695

1,038,239

1,091,037


* Including rented transmission lines and substations
** Under Russian Accounting Standards (RAS)