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Unified Energy System

March 25, 2004

RAO "UES of Russia" and OAO "Russian Communal Systems" Sign Cooperation Agreement

RAO "UES of Russia" and OAO "Russian Communal Systems" (RCS) have entered into an Agreement on Cooperation in restructuring the utility enterprise and ensuring reliable delivery of utilities services to customers.

The Agreement provides for the performance of joint inspections and technical audits of energy facilities, network and pipeline equipment leased out to RCS' subsidiaries and dependent companies. The parties will also take joint action to prevent or handle accidents and emergencies at the utilities infrastructure systems.

The Companies will take part in the financial restructuring of energy companies in the housing and utilities sector which are part of the RCS project, including the settlement of arrears owed to the SDCs of RAO "UES of Russia".

The Companies will also cooperate in preparing proposals to be included in the drafts of laws and regulations of the Russian Federation, constituent entities of the Russian Federation, and municipal formations, which involve the functioning and reforming of the utilities industry.

The parties have also agreed on making it a priority to give RCS and its SDCs a status of full member of the competitive segment of the wholesale electricity market ("5-15 Segment").

To prevent or eliminate accidents, the SDCs of OAO "RCS" may use or borrow, on a compensable basis, the necessary inventories available in the warehouses and production facilities of SDCs of RAO "UES of Russia".

A Coordination Council will be formed to organize the Companies' joint efforts to implement the Agreement.

 

 

 

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