Annual report 2010

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JSC IDGC Holding. Annual Report 2010JSC IDGC Holding Property Structure (as of December 31, 2010)Interregional distribution grid companies (11), including:CompanyStake held by JSC IDGC Holdingin the authorized capital, %JSC Tyumenenergo 100JSC IDGC of the Volga 67.63JSC IDGC of the North Caucasus 58.25JSC IDGC of the Northwest 55.38IDGC of Siberia 52.88JSC IDGC of the South 51.66JSC IDGC of the Urals 51.52SharesMOESK 50.90JSC IDGC of the Center and the VolgaRegion50.40JSC IDGC of the Center 50.23JSC Lenenergo 45.71Distribution grid companies (5)Sales companies (7)R&D and design companies (10)Construction entities, service and supplying companies and companiesperforming other activities (13)Non-core property of Verkhnetaghilskaya TPPPrincipalproperty itemsElectric grid property (assets-under-construction) locatedin the Chechen Republic (458 items)Assets-under-construction located in the Republic of IngushetiaIn 2010, agreements for the lease of land plotsoccupied by the real property owned by theCompany were extended.In the fiscal year, financial capital accounting wasorganized for the purposes of efficient managementof the property of JSC IDGC Holding and theSDCs of JSC IDGC Holding.An important area of activity for JSC IDGC Holdingand the SDCs of JSC IDGC Holding is the registrationof title to real property and land plots (includ-70
9. Corporate Governance System of JSC IDGC Holdinging the preparation of information concerning theboundaries of guard bands of overhead distributionlines). JSC IDGC Holding, with its SDCs, is amongRussia’s largest land users: its management andoperating companies use more than 173 thousandland plots occupying a total of 25 thousandhectares. Most of them are leased (56%); 24% aregranted for permanent use (for an indefinite term);title to 19% of plots is not defined. JSC IDGCHolding directly owns 1% of the land plots in use.For the purposes of reducing costs associatedwith the ownership of non-core assets by the SDCsof JSC IDGC Holding, the Strategy for Disposing ofNoncore Assets of JSC IDGC Holding andSubsidiaries and Dependent Companies of JSCIDGC Holding was developed. In conformity withthe Strategy the operating companies formed registers(plans of sale) of non-core assets, laterapproved at the meetings of the Boards ofDirectors of the SDCs of the Holding Company.More than 1,900 items (including fixed assets,assets-under-construction and stakes in profitmakingorganizations) were recorded in the register.The Board of Directors of JSC IDGC Holdingalso approved the register of the non-core assetsdirectly owned by the Company.Work aimed at consolidating regional electricgrids was organized in line with the core businessof JSC IDGC Holding with a view to solve the problemsof “isolation” and functional reliability ofthe distribution grid sector as part of propertymanagement. In the future, this will allow:— optimizing operating and investment costs;— raising the reliability and manageability ofthe distribution grid sector;— creating the center of responsibility forpower supply reliability and continuity;— mitigating social and political risks in theregions.Before JSC IDGC Holding organized work in thisdirection, consolidation was sporadic and mainlytook the form of purchase of abandoned electricgrid assets and stand-alone facilities from municipalitiesand corporate entities.2010 saw a number of activities aimed at harmonizingand encouraging the consolidationprocess. Major activities are as follows:1. With regard to the coordination of consolidationactivities:— JSC IDGC Holding established a specializedbody, the Working Group for theConsolidation of Electric Grid Assets, coordinatingthe Company’s activities as related tothe consolidation process;— Similar Working Groups were established bythe SDCs of IDGC Holding.2. With regard to ensuring regulatory frameworkfor transactions related to the consolidationof electric grid assets, the Company developedand approved:— priorities for the purchase of electric gridassets and decision-making criteria for theprojects of consolidation of electric gridassets;— forecast scenario conditions of engineeringand economic parameters and methodologicalrecommendations for determining theinvestment value of consolidated electricgrid assets (for appraising companies);— formats of the reports of IDGCs on the consolidationprocess implementation;— temporary methodological recommendationsfor IDGCs concerning the preparation of programsfor the consolidation of grid assets;— format of the long-term program for the consolidationof grid assets for the period2011–20153. With regard to organizing the process ofdecision-making in transactions related to theconsolidation of electric grid assets:— the Articles of Association of IDGCs wereamended with regard to purchase transactions;— authority was divided between the Board ofDirectors IDGC and CEO of IDGCs with regardto the execution of asset purchase transactions;specifically, the Board of Directors ofthe Company assumed authority for transactionsaimed at purchasing electric powerfacilities valued at more than RUB 5 millionmeeting a number of technical and economiccriteria.71
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JSC IDGC Holding. Annual Report 201
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Kirovsk
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Moscow
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Stavropol Territory
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Ekaterinburg
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Sochi
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Rybinsk
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Date and place of birthNationalityJ
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Education, academic degree (if any)
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Date ofTaking OfficeinManagementBod
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2010 JSC IDGC Holding2010 JSC FGC U
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2010 JSC IDGC HoldingMember of the
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Moscow State Pedagogical University
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Period of Employment Entity Name an
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1. Experimental Nuclear Physics2. B
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Date ofTaking OfficeinManagementBod
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Positions held over the past 5 year
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Regulations for the Convening and H
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Regulations for Information Policy
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9 3.1 Chelyabinskoye Branchof Sberb
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36(39510) 4-00-764.24 Shelekhovskoy
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66 4.54 KrasnokamenskoyeBranch of S
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92 5.23 Krasnoyarskoye CityBranch o
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121 6.2 Tenkinskoye Branch ofSberba
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5053146 6.26 Megino-KangalasskoyeBr
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175 8.2 Tatarstan Bank Branch ofSbe
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201 10.18 Solikamskoye Branch4929/0
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227 10.43 Usinskoye Branch ofSberba
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257 11.18 Orlovskoye Branch ofSberb
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288 11.49 Ust-LabinskoyeBranch of S
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31731831912.9 Pavlovskoye Branch of
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341 12.33 ZemetchinskoyeBranch of S
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36712.59 Yenotaevskoye Branchof Sbe
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391 12.85 SengileevskoyeBranch of S
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415 13. Severo-Zapadny HeadOffice19
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436 14.15 Kurilskoye Branch ofSberb
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459 16.2 AleksandrovskoyeBranch of
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488 17.4 Zavodoukovskoye627140 Tyum
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22.9. Information Concerning Compli
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Company’s Board of Directors.6 No
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12 The articles of association of t
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18 Internal documents of the joint-
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26 The board of d irectors has es t
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of suc h c ompany’s boa rd of di
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45 Internal documents of the joint-
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of d irectors o f th e jo int-stock
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64 The board of directors has appro
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75 The audit committee evaluates th
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Amendments to Certain Legislative A
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May 26, 2010 12-2296 Concerning the
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July 19, 2010 5-3138 The instructio
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07/13909) concerning the implementa
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January 20, 2010 10-147 The instruc
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Government of the Russian Federatio
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separate divisionSeptember 7, 2010
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Russian Federation (Tsarikovsky, AT
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2production pl ant l ocated at : Re
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4in OAO IDGC of t he Urals Training
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6- as a member of t he Board of Dir
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8S. I. Shmatko, N. N. Shvets, G. F.
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28. Defining of the position of JSC
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46. Defining of the position of JSC
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6OAO Nurenergo as the SellerSubject
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M I N U T E Sof the Meeting of the
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3billion, nine hundred twenty-two m
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52.1.12. The c ost estimate i n rel
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75.2.1. Organize t he i mplementati
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9Any holder of the Bonds shall also
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11Payment for the placed Bonds shal
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13value and accrued coupon income r
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1511.2. Member of the Board of Dire
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22. Approval of annual accounting s
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3. AlexanderMikhailovichKuryanov4.
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27. Approval of proprietary informa
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4V. M. Kravchenko did not participa
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67. Approval of proprietary informa
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8Dispute resolution:Any dispute, co
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10to the expiration date, the agree
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12If either party causes any damage
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14upon the terms and conditions gov
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167.10. The proprietary information
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18Any amendments and supplements to
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20early termination or expiration o
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22The D isclosing Party pr ovides a
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24S. I. ShmatkoChairman of the Boar
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21.2. The t ime of t he a nnual Gen
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4Holding.1.15. It shall be specifie
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31.5. The estimate of costs relatin
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57.1. The Report of the Management
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3S. I. Shmatko, N . N. Shvets, G .
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25. Approval of t he A greement for
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43. Approval of the Agreement for t
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6IDGC Holding and OAO Karachayevo-C
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852:18:05 00 00 :0000:04898:V, whic
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10M. Yu. Kurbatov “Abstained.”O
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12S. I. ShmatkoChairman of the Boar
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2At t he s uggestion of m ember of
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43. THE FOLLOWING PERSON WAS HEARD:
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3IT WAS RESOLVED AS FOLLOWS:3.1. No
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M I N U T E Sof Meeting of the Boar
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3- Scientific a nd T echnical C oun
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5- OAO Kubanenergo (member of the B
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7• registered ordinary shares (st
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3S. I. Shmatko, N. N. Shvets, V. A.
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5Conditions f or t he Pl acement of
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75. Amendments to the decision adop
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98.2. The related party transaction
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2assets a nd construction-in-progre
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4- quantity of the sha res held by
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6kopecks;- book value of the stake
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84. Approval of t he A greement to
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10IT WAS RESOLVED AS FOLLOWS:7.1. N
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12Approved by a majority of votes.8
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3S. I. Shmatko, N. N. Shvets, S. R.
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22.7. Formation of t he Investment
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Approved unanimously.42.5. Review o
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6IT WAS RESOLVED AS FOLLOWS:The dec
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3- acquisition method: through bidd
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2Agenda1. Review of the consolidate
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4Review of the report on the implem
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3rubles in millionsPlan Actual Devi
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3S. V. Serebryannikov, V. V. Tatsiy
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5connection with mobilization train
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ubles7rubles1. Below 10,000,0002. 1
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911. Defining of the position of JS
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3S. I. Shmatko and V. V. KudryavyIT
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5S. I. Shmatko, N. N. Shvets, S. R.
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73.1. The pow ers o f Secretary of
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21.2. The agreement for contributin
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3Term of t he A greement: the A gre
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3associated with transferring title
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5Note sha ll be taken of i nformati
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Budget of theconstituent entity oft
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3Volga’s real property and acquir
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5United E lectric G rid C ompany, w
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77. Approval of the a greement fo r
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9hundred seventy-eight thousand, th
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JSC INTERREGIONAL DISTRIBUTIONGRID
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ased on t he fi rst p hase i mpleme
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2.4. It s hall be recommended t o t
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It was resolved as follows:1.1. Not
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2.2. The Head of the Department for
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Seppo RemesChairman of the Audit Co
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Agenda1. THE FOLLOWING PERSON WAS H
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6. THE FOLLOWING PERSONS WERE HEARD
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INVESTMENT COMMITTEEOF THE BOARD OF
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2. Prior to December 22, 2010, the
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2. Note sha ll be t aken o f t he c
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Nomination and Remuneration Committ
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Schedule (Yearly)” (Appendix 2.2
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Nomination and Remuneration Committ
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Voting results:“FOR” - 11 perso
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two (2,019,892,442) 4 additional un
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Issue 5: Approval of the Decision o
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E. V. DodChairman of the Strategy C
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Issue 1: Determination of the posit
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The va lue of the s ervices p rovid
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Pavel Vladilenovich Golubev - Head
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Voting results:“FOR” - 8 person
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1. R epresentatives of J SC ID GC H
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Voting results:“FOR” - 11 perso
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Ballots attached.V. M. KravchenkoCh
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Due to that this is sue was referre
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M. Yu. Kurbatov, member of the Comm
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VARIANT 2. Transfer of one or more
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Voting results:“FOR” - 9 person
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Issue 1: Purchase of a dditional or
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It shall be recommended to the Boar
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Subject matter of the Agreement:The
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VALUATION COMMITTEEof the Board of
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“ABSTAINED” - 2 votes (E. V. Pe
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IT WAS NOTED AS FOLLOWS:1. Need to
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