FGC UES
SOE FGC UES is a state-owned energy company based in Moscow, Russia. It is Russia's largest supplier of electrical power.
The company is listed on the Moscow and London stock exchanges with 80.13% of shares owned by Rosseti.
History
In 2001, the Government of Russia reformed the Unified Energy System of Russia to create a unified national energy network, which includes a system of trunk lines, uniting most regions. For its operation, the Federal Grid Company was created.In November 2001, the Board of Directors of RAO UES defined the stages of creation of FGC UES. The company was established on 25 January 2002 as a subsidiary of RAO UES. The charter capital of UES FGC was 127 billion roubles. It was paid in cash and by transmission grids owned by RAO UES. UES FGC was registered on 25 June 2002.
On 1 July 2008, FGC UES was split off from RAO UES. At the same time, a single operating company was formed by merging with 54 companies that operated transmission systems of former regional power utilities. In November 2012, the majority of the company was transferred to the state-controlled holding company Rosseti.