RAO UES

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OAO RAO UES (OAO Unified Energy System of Russia; Russian: ЕЭС России or Russian: Единая Энергетическая Система) was an electric power holding company in Russia. It controlled about 70% of Russia's installed electric capacity, 96% of its high-voltage grid and over 70% of its transmission lines. In addition to the Russian market, RAO UES exported electricity to Scandinavia and to other members of the CIS. The last head of RAO UES was Anatoly Chubais.

History

Unified Energy System of Russia was established by Presidential Decree #932, signed on August 15, 1992, as an electric energy holding company. Most of the state-owned electric energy assets, such as thermal and hydroelectric power plants, transmission lines, state-owned shares in power, research & engineering, and construction companies were transferred to RAO UES, with the exception of any assets related to nuclear energy. In total, RAO UES owned more than 70 of the energy companies and more than 40 of the

In the mid-2000s, RAO UES suffered several failures in trying to keep up with demand. These were due to the decade-long practice of disinvestment.^{[citation needed]} The most significant failures were the 2005 Moscow power blackouts.

Reorganization

The reorganization of RAO UES started in 2006. The first stage of the reorganization was completed on September 3, 2007, during which subsidiary generating companies, WGC-5 and TGC-5, were individually spun off from the parent RAO UES. During a second stage of reorganization, all remaining subsidiaries of RAO UES were spun off (by July 1, 2008).

This reorganization was seen as a massive

Shareholders

The Russian Federation owned directly, or indirectly, over 50% of the shares in RAO UES. The rest of the

• Energy policy of Russia
• Irkutskenergo
• RusHydro

References

External links

• Unified Energy System - Russian language and English language