OREANDA-NEWS. OAO Novosibirskenergo held an annual General Stockholders’ Meeting. The participants approved an annual report of the power supply company for 2006, including accounting statement, and profit and loss account. The net profit of the Company amounted to 328,955,000 rubles, including 277,137,000 rubles to be allocated for implementation of investment programs, with the rest of the sum to be spent on payment of dividends on common and preference shares.

The shareholders elected members of the Board of Directors: A.K. Bedredinov, A.R. Bokarev, A.N. Gatsunayev, K.K. Gibert, L.V. Drachevsky, D.N. Nikitin, A.N. Pelipasov, A.N. Rogozhin, and Ye.N. Spasov.

The Audit Commission is now composed of three members: Ye.G. Kulyabko, Yu.Ye. Minifayeva, and S.G. Samsonov. The audit will be conducted by PricewaterhouseCoopers Audit.

In addition, the shareholders approved participation of OAO Novosibirskenergo in the Siberian Power Supply Association (nonprofit organization).