JSC " Territorial Generation Company #2 " (TGC-2) estimates economical benefit of participation in work on New model of Wholesale Electric Power Market (NWEPM) in September - October of the current year more than in 9 million roubles. It became possible due to increase average prices of sales of the electric power and wattage in all sectors of the wholesale market in comparison with the price of sales in the first half-year 2006. Also to this promoted active preparation of profile TGC-2 divisions for work in new conditions and experience of sales in sector of free trade of the wholesale market of the electric power.

TGC-2 started work on NWEPM from September, 1, that is from the moment of start of a new market model. On results of two months it has been sold over 780 thousand MWh electric power by the Company . For this period TGC-2 has concluded 69 adjustable bilateral contracts. The total cost of sales under adjustable contracts in September - October has made about 570 million roubles, including the electric power - 380 million roubles, wattage - 190 million roubles. Cost of sales in the market "for day forward" has made about 50 million roubles, cost of purchases in "for day forward" - 35 million roubles. Cost of sales in balancing market has made 7 million roubles, purchases - 6 million roubles.

The information.

JSC "Territorial generation company #2" was registered on 19 April 2005 in the city of Yaroslavl. The resolution to establish JSC "TGC-2" as a wholly-owned subsidiary of RAO "UES of Russia" was approved by the Board of Directors of RAO "UES of Russia" on 25 February 2005.

TGC-2 includes the generating enterprises of six regions - the Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl areas. Under control of the company there are 16 thermal power stations, 8 boiler-houses, 4 enterprises of thermal networks. The installed general electric wattage of enterprises of TGK-2 - 2423,5 mWt, the installed thermal wattage - 12156 Gkal/hour.

Besides the Company rents municipal and departmental boiler-houses in Arkhangelsk, Severodvinsk, Tver, Konakovo and Vishny Volochok. There are also JSC "Arkhangelsk retail company", JSC "Kostroma Retail Company" and JSC "Tver energy Retail Company" in asset management of TGC-2.

Authorized Capital of TGC-2 is 7 billion 117 million 127 thousand 045 roubles and 01 copeck now. The share of RAO "UES of Russia" in Authorized Capital of TGC-2 is 49,18 % from total of shares.