On March 4 of this year, a scheduled meeting of OAO Mosenergo’s Board of Directors was held at which the preliminary results of the company’s production and financial activities in 2003, a program for the preparation of an annual general meeting of OAO Mosenergo’s shareholders, the company’s Business Plan for 2004, as well as the material terms of OAO Mosenergo’s restructuring were reviewed.
OAO Mosenergo’s restructuring was designated as one of the top-priority areas of the company’s activities. In accordance with a restructuring plan approved by the Government of the Russian Federation and the Executive Committee and Board of Directors of RAO UES of Russia, OAO Mosenergo’s reorganization will take place in the form of a spin-off preserving the share capital structure.
The reorganization is expected to result in the establishment of the following companies:
1. OAO Managing Energy Company;
2. OAO Trunk Network Company;
3. OAO Moscow City Electrical Network Company;
4. OAO Moscow City Heating Network Company;
5. OAO Moscow Region Electrical Network Company;
6. OAO Moscow Energy Supply (Mosenergosbyt);
7. OAO Specialized Designing and Technological Bureau for Repair and Updating;
8. OAO Mosteplosetenergoremont;
9. OAO Mosenergosetstroi;
10. OAO GRES-4;
11. OAO GRES-5;
12. OAO GRES-24;
13. OAO Zagorskaya GAES.
The generating assets, other than the assets to be transferred to the wholesale electricity market generating companies, will be retained as part of OAO Mosenergo’s property (the Moscow City Generating Company).
A separation balance sheet for OAO Mosenergo will be prepared as of December 31, 2003.
Pursuant to a decision by OAO Mosenergo’s Board of Directors, an annual general meeting of OAO Mosenergo’s shareholders to review the results of the year 2003 has been scheduled for late June 2004. It is planned that, at the same meeting, it will be proposed to the shareholders that they pass a decision to reorganize the company in the form of a spin-off.
OAO Mosenergo’s Board of Directors approved the following list of candidates for election to the Board of Directors to be voted upon at the general meeting of the company’s shareholders:
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1 |
Akimov Andrei Igorevich |
Chairman of the Executive Committee of JSB Gazprombank |
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2 |
Aksyonov Pyotr Nikolaevich |
First Deputy Mayor of Moscow in the Moscow Government and Head of the Municipal Economy Complex |
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3 |
Bodunkov Aleksei Feliksovich |
Minister for Property Relations of the Moscow Region Government |
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4 |
Vasilyev Dmitriy Valeryevich |
First Deputy General Director and Managing Director for Corporate Policy and Property Management of OAO Mosenergo |
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5 |
Goryunov Igor Timofeevich |
First Deputy General Director and Chief Engineer of OAO Mosenergo |
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6 |
Yevstafyev Arkadiy Vyacheslavovich |
General Director of OAO Mosenergo |
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7 |
Kimerin Vladimir Anatolyevich |
Head of the Energy Sales Operations Department of OAO RAO UES of Russia |
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8 |
Kopsov Anatoliy Yakovlevich |
Director for Construction of Generating Facilities of OAO RAO UES of Russia |
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9 |
Kravtsov Andrei Nikolaevich |
Executive Vice President of JSB Gazprombank |
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103 |
Kuznetsov Artyom Vladislavovich |
President of GUTA Group |
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11 |
Matveev Aleksei Anatolyevich |
Deputy Chairman of the Executive Committee of JSB Gazprombank |
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12 |
Nikolskiy Boris Vasilyevich |
Member of the Federation Council of the Federal Assembly of the Russian Federation and Representative of the Executive Agency of Governmental Authority of the City of Moscow |
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139 |
Pichugina Mariya Nikolaevna |
Analyst with the Energy Joint Stock Companies Restructuring Projects Implementation Center of OAO RAO UES of Russia |
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14 |
Platonov Vladimir Yuryevich |
Deputy Chairman of the Executive Committee of OAO RAO UES of Russia |
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15 |
Rappoport Andrei Natanovich |
Deputy Chairman of the Executive Committee of OAO RAO UES of Russia |
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16 |
Seleznyov Kirill Gennadievich |
Member of the Executive Committee of OAO Gazprom, Head of the Gas and Liquid Hydrocarbons Marketing and Processing Department of OAO Gazprom and General Director of OOO Mezhregiongaz |
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17 |
Scribot Wolfgang |
Deputy General Director of OOO Gazprombank-Invest |
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18 |
Smirnov Pavel Stepanovich |
Member of the Executive Committee of OAO RAO UES of Russia |
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19 |
Sobol Alexandr Ivanovich |
Deputy Chairman of the Executive Committee of JSB Gazprombank |
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20 |
Udaltsov Yuriy Alexandrovich |
Head of the Energy Industry Restructuring Department of OAO RAO UES of Russia |
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21 |
Usmanov Alisher Burkhanovich |
General Director of OOO Gazprominvestholding |
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22 |
Hartmut Jakob |
Director of the Analytical Department of ZAO Renaissance Capital |
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23 |
Chabak Anatoliy Antonovich |
General Director of OAO Managing Company NIKoil – Savings |
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24 |
Chikunov Alexandr Vasilyevich |
Head of the Energy Joint Stock Companies Restructuring Projects Implementation Center of OAO RAO UES of Russia |
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25 |
Chistyakov Alexandr Nikolaevich |
Deputy Chairman of the Executive Committee of OAO FSC UES |
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26 |
Shcherbovich Ilya Viktorovich |
Managing Director of ZAO United Financial Group |
OAO Mosenergo’s Board of Directors also approved the following members of the OAO Mosenergo Restructuring Working Group:
A. V. Chikunov (RAO UES of Russia), A. N. Remezov (Moscow City Government), A. F. Bodunkov (Ministry for Property Relations of the Moscow Region), D. V. Vasilyev (Mosenergo), A. A. Chabak (IBG NIKoil), W. Scribot (Gazprombank-Invest), A. P. Melnik (Guta Group) and S. I. Bubnov (EBRD).
In addition, OAO Mosenergo’s Board of Directors reviewed the timetable for separating OAO Mosenergo’s repair operations and approved the rules of procedure for the Audit Committee of the Board of Directors of OAO Mosenergo.
The matter of approving the market value of OAO Mosenergo shares was removed from consideration at this meeting of the Board of Directors.
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