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Rosseti North-West

January 15, 2010

Arbitration court satisfied the stated claims of IDGC of North-West to JSC “Arkhangelsk Selling Company”

Stated claims of IDGC of North-West concerning the charge from the selling company of RUR 260 million of debt are satisfied in full amount.

The arbitration court by its decision as of January 12 satisfied in full amount the  stated claims of IDGC of North-West (on behalf of “Arkhenergo” branch) to JSC “Arkhangelsk Selling Company” on charge of  RUR 260 million of debt for the services connected with power transmission .

The stated claims of IDGC of North-West on charge of the debt form the selling company for the period from June to August of 2009 is satisfied in the full amount.

The court perceived the arguments of IDGC of North-West that in the accounts for the services directed to power transmission they should have taken in to consideration the amount of capacity accounted during the determination of the tariff for the services directed to power transmission. “Arkhangelsk Selling Company” does not have the right to carry out the payment of the transmitted electric power by the actual degree of the capacity amount.

 

 

 

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