19 Sep 2011 07:00
Notice of results for the six months ending 30 June 2011
Moscow, 19 September 2011 - Federal Grid Company of Unified Energy System ("Federal Grid" or the "Company", ticker: FEES on MICEX, RTS and LSE), the operator and manager of Russia's unified electricity transmission grid system, will announce its results for the six months ending 30 June 2011 in accordance with IFRS on Wednesday, 19 October 2011 at 7:00 UK time and 10:00 Moscow time.
Federal Grid will host an investor and analyst conference call on 19 October 2011 at 10:00 UK time and 13:00 Moscow time. Dial in details are as follows:
We will provide a further notice together with the dial-in details on 17 October 2011.
The presentation document will become available prior to the call in the Investor section of the Company's website:
www.fsk-ees.ru/eng/investors/presentations
Contacts
| ||
Investors | ||
Alexander Duzhinov | + 7 (495) 710-90-64 | +7 (916) 041-80-53 |
College Hill | ||
Leonid Fink | +44 (0)20 7457 2015 | +44 (0)7 837 67 4444 |
Tony Friend | +44 (0) 207 457 2001
| +44 (0)7 798 86 4995
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About Federal Grid Company
JSC "FGC UES" ("Federal Grid" or the "Company") is the operator and manager of Russia's unified electricity transmission grid system. With over 121,000 km of transmission lines and over 305 GVA of installed transformer capacity, it is the largest publicly traded electricity transmission company in the world.
Federal Grid's business is to provide transmission and connection services to the Russian wholesale electricity market. It maintains and develops the grid system and supervises grid facilities and infrastructure in 73 regions of Russia, in which it operates. Its customers are regional distribution companies, retail electricity supply and large industrial enterprises The Company operates in an exclusive, competition free environment, and is regulated by the Government of the Russian Federation.
The Company's revenue is mainly driven by the transmission tariff set by the Regulator, the FST. From 1 January 2010 a new RAB (Regulatory Asset Base) tariff framework, designed to stimulate investment and operating efficiency, was introduced. The RAB tariff will be reviewed every five years, with the initial five year period to expire at the end of 2014.
The Company was incorporated in June 2002 as part of reorganization of Russia's electrical power industry. The Russian government is the largest shareholder with a 79.48% stake.
Federal Grid's common shares are included on the RTS and MICEX stock exchanges under the ticker FEES. The Company's GDRs are listed on the London Stock Exchange and traded under the symbol FEES.
Further information can be found at www.fsk-ees.ru/eng
FEES.L (FEES)