Company's profile

IDGC of Urals is the largest participant of energy market in the Sverdlovsk, Chelyabinsk and Perm regions. Its main line of activities is monopolistic and state-regulated with regard to transmission and connection tariffs. IDGC of Urals and its subsidiary EESK occupy a dominant position on energy market in its service area. Growing consumption and connection upsurge constantly push and expand the market. In terms of conventional units the market share of the Company totals 53%, productive supply market share reaching 70%.

Municipal and private grid companies also render transmission services on the territory but these companies are mainly low-voltage distributive grids. By the end of 2013 there were 296 regional grid companies in our service area. The largest ones are disclosed in the table below:

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Facilities owned by regional gridcos in 2013 Gross revenue requirement of regional gridcos in 2013
c.u. Share in regional
c.u.
RUR
mln
Share in regional
GRR, %
The Sverdlovsk region       
Oblkommunenergo, GUP SO 39 587 8.70 2 180.05 9.07
Sverdlovsk Energy Supply Directorate of Transenergo, SP (a branch of Russian Railways) 32 200 7.08 659.92 2.75
Tagilelektroseti, ZAO 16 009 3.52 587.44 2.45
Regional Grid Company, ОАО 11 000 2.42 178.94 0.74
Gorelektroset, ZAO (Pervouralsk) 7 259 2.42 462.27 1.92
Energoshalya, ООО 4 941 1.09 118.66 0.49
The Perm region
Lukoil – Energoseti, ООО 35 516 11.31 758.66 6.46
KS-Prikamye, ОАО 14 204 4.52 729.27 6.21
Sverdlovsk branch of Russian Railways, ОАО 19 747 6.29 224.85 1.91
Novogor-Prikamye, ООО (Berezniki branch) 5 793 1.84 255.64 2.18
Service Center Kontakt, ООО 5 029 1.60 78.08 0.66
Gazpromenergo, ООО (Urals branch) 4 321 1.38 33.93 0.29
The Chelyabinsk region
AES Invest, ООО 33 000 7.85 1 400.00 13.79
Elektroset, ZAO 16 927 4.02 138.42 1.36
MMK, ОАО 16 370 3.89 47.09 0.46
Gorelektroset, MP (Magnitogorsk) 15 158 3.60 247.38 2.44
Chelyabinsk Electric Grid Company, ОАО 6 635 1.58 161.04 1.59
MMPKKh of Ozersk (former Ozerskaya Energokompaniya, ООО) 6 901 1.64 47.40 0.47
MiassEnergo, ZAO (Miass) 4 733 1.13 67.63 0.67
Facilities owned by regional gridcos in 2013 Gross revenue requirement of regional gridcos in 2013
c.u. Share in regional
c.u.
RUR
mln
Share in regional
GRR, %
The Sverdlovsk region       
Oblkommunenergo, GUP SO 39 587 8.70 2 180.05 9.07
Sverdlovsk Energy Supply Directorate of Transenergo, SP (a branch of Russian Railways) 32 200 7.08 659.92 2.75
Tagilelektroseti, ZAO 16 009 3.52 587.44 2.45
Regional Grid Company, ОАО 11 000 2.42 178.94 0.74
Gorelektroset, ZAO (Pervouralsk) 7 259 2.42 462.27 1.92
Energoshalya, ООО 4 941 1.09 118.66 0.49
The Perm region
Lukoil – Energoseti, ООО 35 516 11.31 758.66 6.46
KS-Prikamye, ОАО 14 204 4.52 729.27 6.21
Sverdlovsk branch of Russian Railways, ОАО 19 747 6.29 224.85 1.91
Novogor-Prikamye, ООО (Berezniki branch) 5 793 1.84 255.64 2.18
Service Center Kontakt, ООО 5 029 1.60 78.08 0.66
Gazpromenergo, ООО (Urals branch) 4 321 1.38 33.93 0.29
The Chelyabinsk region
AES Invest, ООО 33 000 7.85 1 400.00 13.79
Elektroset, ZAO 16 927 4.02 138.42 1.36
MMK, ОАО 16 370 3.89 47.09 0.46
Gorelektroset, MP (Magnitogorsk) 15 158 3.60 247.38 2.44
Chelyabinsk Electric Grid Company, ОАО 6 635 1.58 161.04 1.59
MMPKKh of Ozersk (former Ozerskaya Energokompaniya, ООО) 6 901 1.64 47.40 0.47
MiassEnergo, ZAO (Miass) 4 733 1.13 67.63 0.67

Since each region in the service area has own peculiarities (consumer structure, specific economic factors, etc.), the shares of our branches on the public utilities market vary. Thus, Sverdlovenergo branch occupies 57% (67% jointly with EESK) of the market in terms of productive supply and 43% of the market in terms of conventional units. In the Perm region the Company has a 70% share in terms of productive supply and a 65% share in terms of conventional units. In the Chelyabinsk region we have 42% of regional grid facilities, our networks distribute 74% of productive supply to end-users.

Market share in terms of productive supply in the Sverdlovsk region
Market share in terms of conventional units in the Sverdlovsk region

Market share in terms of productive supply in the Perm region
Market share in terms of conventional units in the Perm region

Market share in terms of productive supply in the Chelyabinsk region
Market share in terms of conventional units in the Chelyabinsk region

On October 12, 2012 Moody’s international rating agency assigned us a Ba2 long-term international credit rating and Aa2.ru domestic credit rating, Outlook Stable. October 25, 2013 Moody’s affirmed Ba2 international-scale rating and Aa2.ru national-scale rating.

Our fixed assets comprise long-term financial investments in subsidiaries and associated companies. As a part of SAC administration process we effect stake-reducing arrangements in non-efficient businesses and businesses that do not deal with production, transmission, dispatching, distribution and sales of electric and thermal energy or render services for production needs.

Company name Location Lines of activities Share in the
charter capital
Subsidiaries and associates
Ekaterinburg Electric Grid Company, ОАО 1 Ulitsa Borisa Eltsyna, Ekaterinburg Energy transmission and distribution 91.04%
Ekaterinburgenergosbyt, ОАО 48 Ulitsa Surikova, Ekaterinburg Purchase and sales of energy on wholesale and retail markets 91.04%
Uralenergotrans, ООО 140 Ulitsa Mamina Sibiryaka, Ekaterinburg Transportation services 100%
Energy Service Company of the Urals, ОАО 19 Ulitsa Chaikovskogo, Ekaterinburg Energy-efficiency services 100%
Other financial investments
Lenenergo, ОАО 1 Ploschad Konstitutsii, Saint Petersburg Energy transmission and distribution 8.46%
OGK-2, ОАО Solnechnodolsk, the Stavropol region Thermal power and energy production 0.00016805%
TGK-9, ОАО 48 Komsomolskyi Prospekt, Perm Thermal power and energy production 0.0041504%
Sverdlovenergosbyt, ОАО 92 Ulitsa Kuznechnaya, Ekaterinburg Purchase and sales of energy on wholesale and retail markets 0.01738%
FSK UES, ОАО 5A Ulitsa Akademika Chalomeya, Moscow Energy transmission and distribution 0.0000492%
Insurance Company The Ring of Urals, ООО 3 Ulitsa Marshala Zhukova, Ekaterinburg Inactive 7.4037%
Uralenergostroy, ОАО 97a Prospekt Lenina, Ekaterinburg Inactive, under bankruptcy process 5.73%

During the reported period we have sold our 99.87% stake in Insurance Company Privatenergostrakh, ZAO and liquidated Security Service, OOO. Throughout the year 2 companies - Managing Company Energofinance and Perm Airlines - were excluded from the United State Legal Entities Register.

Key 2013 Events

January The Company has placed its debut RUR 3 bln commercial papers.
February The enlargement of the Company’s Management Board. Upgraded 110/10/6 kV Dalnyaya substation was put into operation.
March IDGC of Urals and the Sverdlovsk Ministry of Education have come to an agreement stipulating cooperation on the prevention of children’s traumatism.Chelyabenergo personnel arranged a thermo vision inspection of the grid facilities.
April Transformer repair plant was opened in Chelyabenergo branch.
May The Company presented its 1Q 2013 RAS financial results.
June Annual General Shareholder Meeting. Withdrawal from Insurance Company Privat-Energostrakh.
July Participation in Innoprom-2013 exhibition (Ekaterinburg). The Government of the Sverdlovsk region and IDGC of Urals have signed an agreement on the reduction of terms for connection. A new Customer Center was opened in Permenergo branch (Chaikovskyi).
August The Company presented its 1H 2013 RAS financial results. The Company presented its 1H 2013 IFRS financial results.
September Permenergo Consumer Council was incorporated in the Perm region.
October The Company obtained 2013/2014 autumn-winter operations certificate. A new Customer Center was opened (Ekaterinburg). Moody's rating agency affirmed the credit rating of the Company.
November The Company presented 9M 2013 RAS financial results.
December A new Customer Center was opened (Zlatoust). A new 110/10 kV Rassokha substation was put into operation (Kosulino). A new 110/10/10 kV Sportivnaya substation was put into operation (Ekaterinburg). A customer-account facility was integrated on our official web-site.

Post-Reporting Events

February
2014
IDGC of Urals ensured a 165 MW output from Perm TPP-9. Moody's rating agency confirmed our credit rating.
March
2014
Acting Governor of the Chelyabinsk region and General Director of IDGC of Urals discussed vital issues related to regional grid evolution.
April
2014
The Company presented its 2013 RAS financial results. The Company presented its 2013 IFRS results. Moody's rating agency confirmed our credit rating.

If you have any questions that were not disclosed by the annual report, do not hesitate to contact us using the information below:

Full company name Open Joint-Stock Company Interregional Distributive Grid Company of Urals
Short company name IDGC of Urals, ОАО
Location 140 Ulitsa Mamina Sibiryaka, Ekaterinburg, Russia, 620026
Postal address 140 Ulitsa Mamina Sibiryaka, Ekaterinburg, Russia, 620026
PSRN 1056604000970
TIN / KPP code 6671163413 / 997450001
E-mail mrsk@mrsk–ural.ru
Web-site www.mrsk–ural.ru
Contact phones +7 (343) 215-26-00, +7 (343) 215-25-51
Corporate Secretary Sergey Gusak
Corporate Governance and Shareholder Relations Department
Tel.: +7 (343) 215-26-65, 215-26-58
Fax: +7 (343) 215-25-84
E-mail: ir@mrsk–ural.ru
   
Our registrar  
Name Status, ZАО
Location 32 building 1 Ulitsa Novorogozhskaya, Moscow, 109544
Postal address 32 building 1 Ulitsa Novorogozhskaya, Moscow, 109544
Contact +7 (495) 974-83-45, 974-83-50
Fax: +7 (495) 678-71-10
E-mail: office@rostatus.ru
   
License # 10-000-1-00304
Issued 12.03.2004
Maturity termless
Issuing authority Federal Financial Markets Service
   
Branches
185 Ulitsa Lunacharskogo, Ekaterinburg, 3rd floor (Status, ZAO)
Tel./fax: +7 (343) 287-18-39, +7 (922) 169-21-50
E-mail: ekaterinburg@rostatus.ru
50 Ulitsa Lenina, Perm, 614990, office 702. 
Tel.: +7 (342) 218-01-66
E-mail: perm@rostatus.ru