17th Oct 2011 07:00
Federal Grid Company
Notice of results for the six months ended 30 June 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 ended 30 June 2011 on Wednesday 19 October 2011 at 07:00 UK time and 10:00 Moscow time.
Federal Grid will host an investor and analyst conference call on Wednesday 19 October 2011 at 10:00 UK time and 13:00 Moscow time. Dial in details are as follows:
UK Free Call Dial In Russia Dial In (from a landline) | 0808 238 0673 8108 002 097 2044 |
USA Free Call Dial In | 1866 655 1591 |
Germany Free Call Dial In | 0800 664 8485 |
Switzerland Free Call Dial In | 0800 650 052 |
Sweden Free Call Dial In | 0200 884 518 |
Conference ID | 12135246 |
A replay of the call will be available until Tuesday 25 October 2011 using the following details:
UK Free Call Dial In International Dial In | 0800 953 1533 +44 (0) 1452 55 00 00 |
Replay Access Code | 12135246# |
A transcript of the conference call will become available on Federal Grid's website from Thursday 20 October 2011.
17 October 2011
Enquiries:
Federal Grid | ||
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 |
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
Related Shares:
FEES.L