Moscow. 31 January 2005. Today, state registration was granted to the following companies spun off from OAO "Chelyabenergo" as a result of reorganization in accordance with the basic restructuring plan:
- OAO Chelyabinsk Generation Company
- OAO Chelyabinsk Management Energy Company
- OAO Chelyabenergosbyt
- OAO Yuzhouralskaya TPP
In accordance with the schedule for regional energos restructuring, the regulatory authorities granted registration to 72 new companies established as a result of reorganization of 22 subsidiaries and dependent companies (SDCs) of RAO "UES of Russia" (as at 31 January 2005): 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" and OAO "Chelyabenergo".
Tomorrow, 1 February 2005, it is expected that the following companies will be registered with the regulatory authorities: companies spun off from OAO "Kurskenergo" (OAO "Kursk Generation Company", OAO "Kursk Energy Management Company" and OAO "Kurskenergosbyt"), OAO "Mordovenergo" (OAO "Mordovia Generation Company", OAO "Mordovia Heat Network Company", OAO "Mordovia Energy Management Company" and OAO "Mordovia Energy Retail Company"), OAO "Nizhnovenergo" (OAO "Nizhny Novgorod Generation Company"), and OAO "Smolenskenergo" (OAO "Smolensk Management Energy Company", OAO "Smolensk Generation Company", OAO "Smolenskenergosbyt", OAO "Smolenskaya TPP" and OAO "Smolensk Energy Repair Company").
The equity structure of the newly established companies mirrors that of the regional energo reorganized in accordance with the basic restructuring plan.
Table
| Time of state registration of 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 "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 |
| 2 |
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 |
| 3 |
OAO "Belgorodenergo" |
OAO "Belgorod Retail Company" |
01 October 2004 |
| OAO "Heat Energy Company" |
01 October 2004 |
| 4 |
OAO "Bryanskenergo" |
OAO "Bryansk Generation Company" |
01 October 2004 |
| OAO "Bryansk Retail Company" |
01 October 2004 |
| OAO "Bryansk Energy Management Company" |
19 April 2004 |
| 5 |
OAO "Astrakhanenergo" |
OAO "Astrakhan Regional Generation Company" |
11 May 2005 |
| OAO "Astrakhan Energy Management Company" |
11 May 2005 |
| OAO "Astrakhan Energy Retail Company" |
11 May 2005 |
| 6 |
OAO "Vladimirenergo": |
OAO "Vladimir Energy Retail Company" |
01 May 2005 |
| OAO "Vladimir Generation Company" |
01 May 2005 |
| OAO "Vladimir Energy Company" |
15 May 2005 |
| 7 |
OAO "Volgogradenergo": |
OAO "Volzhskaya Generation Company" |
01 May 2005 |
| OAO "Volga-Don Energy Complex Management Company" |
01 May 2005 |
| OAO "Volgogradenergosbyt" |
01 May 2005 |
| 8 |
OAO "Ivenergo": |
OAO "Ivanovo Generation Company" |
01 May 2005 |
| OAO "Ivanovo Energy Retail Company" |
01 May 2005 |
| OAO "Ivanovo Management Energy Company" |
14 May 2005 |
| 9 |
OAO "Karelenergo": |
OAO "Karelenergogeneratsiya" |
01 May 2005 |
| OAO "Karelenergo Management Company" |
01 May 2005 |
| OAO "Karelia Energy Retail Company" |
01 May 2005 |
| 10 |
OAO "Kostromaenergo": |
OAO "Kostroma Generation Company" |
01 May 2005 |
| OAO "Kostroma Retail Company" |
01 May 2005 |
| 11 |
OAO "Lipetskenergo": |
OAO "Lipetsk Generation Company" |
11 May 2005 |
| OAO "Lipetsk Energy Management Company" |
11 May 2005 |
| OAO "Lipetsk Energy Retail Company" |
11 May 2005 |
| 12 |
OAO "Marienergo": |
OAO "Mari Regional Generation Company" |
01 May 2005 |
| OAO "Mari Regional Management Company" |
01 May 2005 |
| OAO "Marienergosbyt" |
01 May 2005 |
| 13 |
OAO "Penzaenergo": |
OAO "Penza Generation Company" |
01 May 2005 |
| OAO "Penza Energy Management Company" |
01 May 2005 |
| OAO "Penza Energy Retail Company" |
01 May 2005 |
| OAO "Penza Energy Repair Company" |
01 May 2005 |
| 14 |
OAO "Rostovenergo": |
OAO "Rostov Generation Company" |
11 May 2005 |
| OAO "Energosbyt Rostovenergo" |
11 May 2005 |
| OAO "Rostovenergo Management Company" |
11 May 2005 |
| 15 |
OAO "Ryazanenergo": |
OAO "Ryazan Heating Company" |
11 May 2005 |
| OAO "Ryazan Management Company" |
11 May 2005 |
| OAO "Ryazan Energy Retail Company" |
11 May 2005 |
| 16 |
OAO "Tambovenergo": |
OAO "Tambov Generation Company" |
11 May 2005 |
| OAO "Tambov Energy Management Company" |
11 May 2005 |
| OAO "Tambov Energy Retail Company" |
11 May 2005 |
| 17 |
OAO "Tverenergo": |
OAO "Tver Generation Company" |
11 May 2005 |
| OAO "Tver Management Energy Company" |
11 May 2005 |
| OAO "Tver Energy Retail Company" |
11 May 2005 |
| OAO "Tver Energy Repair Company" |
11 May 2005 |
| 18 |
OAO "Udmurtenergo" |
OAO "Udmurt Territorial Generation Company" |
01 May 2005 |
| OAO "Udmurt Management Energy Company" |
01 May 2005 |
| OAO "Udmurt Energy Retail Company" |
01 May 2005 |
| 19 |
OAO "Chelyabenergo" |
OAO Chelyabinsk Generation Company |
31 May 2005 |
| OAO "Chelyabinsk Management Energy Company" |
31 May 2005 |
| OAO "Chelyabenergosbyt" |
31 May 2005 |
| OAO Yuzhouralskaya TPP |
31 May 2005 |
| 20 |
OAO "Chuvashenergo": |
OAO "Chuvash Generation Company" |
01 May 2005 |
| OAO "Chuvash Management Company" |
01 May 2005 |
| OAO "Chuvash Energy Retail Company" |
01 May 2005 |
| OAO "Cheboksarskaya HPP" |
01 May 2005 |
| 21 |
OAO "Yarenergo" |
OAO "Yaroslavl Energy Company": |
11 May 2005 |
| OAO "Yaroslavl Management Energy Company" |
11 May 2005 |
| OAO "Yaroslavl Retail Company" |
11 May 2005 |
| OAO "Yarenergoremont-Holding" |
22 November 2004 |
| OAO "ATP Yarenergo-Holding" |
22 November 2004 |
| "Non-basic" Plan for Restructuring of Regional Energos |
| 22 |
OAO "Pskovenergo" |
OAO "Pskovenergosbyt" |
18 August 2004 |
| OAO "Pskovenergoagent" |
18 August 2004 |
| OAO "Pskovenergoauto" |
23 August 2004 |
| OAO "Pskovenergoservice" |
23 August 2004 |
________________________________________________________________________
Note for the information 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 will be 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 this 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 shall be the date of state registration of the companies established as a result of regional energos' reorganization. The new shares will be credited to the securityholder accounts with registrars and 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 in the very near future (not later than the end of the current month), immediately after an agreement with such Registrar is made.
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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