OAO FGC UES (russian: Федеральная сетевая компания Единой энергетической системы, Federalinaya Setevaya Companiya Edinoy Energeticheskoy Sistemy, Federal Grid Company of Unified Energy System) is a state-owned energy company located in Moscow, Russia. It is the country's largest transmission grid company. The company is listed at the
Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 millio ...
and
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
stock exchanges with 80.13% of shares owned by Rosseti.
History
In 2001, the Government of Russia reformed the
Unified Energy System of Russia to create a unified national energy network, which includes a system of trunk lines, uniting most regions. For its operation, the Federal Grid Company (FGC UES) was created.
In November 2001, the Board of Directors of
RAO UES
OAO RAO UES (OAO Unified Energy System of Russia; russian: ЕЭС России or russian: Единая Энергетическая Система) was an electric power holding company in Russia. It controlled about 70% of Russia's installed el ...
defined the stages of creation of FGC UES. The company was established on 25 January 2002 as a subsidiary of RAO UES.
[(Minutes 25 January 2002 № 109)] Charter capital of UES FGC was 127 billion roubles. It was paid in cash and by transmission grids owned by RAO UES. UES FGC was registered on 25 June 2002.
On 1 July 2008, FGC UES was divided 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.
[
] In November 2012, the majority of the company (79.55%) was transferred to the state controlled holding company Rosseti.
Operations
FGC UES owns, operates and supervise of the transmission grids in Russia. It also provides services to the wholesale electricity market in Russia. It owns 8.57% stake in the energy company
Inter RAO
Joint Stock Company Inter RAO UES (russian: Публичное акционерное общество «ИНТЕР РАО ЕЭС», short form: Inter RAO), traded as, is a diversified energy holding company headquartered in Moscow, Russia. Its ...
.
Shareholders
According to regulations, the Russian Government should control at least 75% plus one share of the company. , it controlled 80.13% through the holding company Rosseti and 0.59% through the holding company
Rosimushchestvo, while 19.28% was owned by minority shareholders. These shares are freely traded at
Moscow Exchange
The Moscow Exchange (MOEX; rus, Московская биржа, r=Moskovskaya birzha, p=mɐˈskofskəjə ˈbʲirʐə, a=) is the largest exchange in Russia, operating trading markets in equities, bonds, derivatives, the foreign exchange market, ...
and
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...
.
See also
*
Energy policy of Russia
Russia's energy policy which is set out in the government's ''Energy Strategy'' document, first approved in 2000, which sets out the government's policy to 2020 (later prolonged up to 2030). The Energy Strategy outlines several key priorities: ...
References
External links
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{{DEFAULTSORT:Fgc Ues
Companies based in Moscow
Companies listed on the Moscow Exchange
Electric power transmission system operators in Russia
Companies established in 2002
2002 establishments in Russia
Government-owned companies of Russia