OREANDA-NEWS. On 26 May 2008 was announced, that the annual General shareholders meeting of the open joint stock company Far Eastern energy company took place.

Commenting the results of 2007 Director General of JSC FEEC Victor Myasnik noted: “2007 is important for FEEC as first of all it was the first year of Company’s work. JSC FEEC was was set a goal – to reorganize the energy system of the region with account of its particularities in such a way to have effective system of work. I think that we have managed to do this. Today we see that rates of the industry development considerably surpass pre-reformed ones. Electric power consumption is steadily growing and our company can not stay behind the region-wide tendency. On the whole I am satisfied with the energy company’s work, held in 2007. The first year of Company’s work was demonstrative in different aspects , but the most important as we see was fulfillment of the strategic task- to become the support for Far Eastern region – what is within the power of JSC Far Eastern Energy Company, as it is perspective, strong backbone company ”.

The meeting has approved the annual report for 2007, annul accounting statements, including profit and loss account, has taken decision not to settle the dividends by the ordinary shares of the Company for 2007 financial year, by distributing the profit (26 233 thousand of rubles) received by results of 2007 financial year for the formation of reserve fund of the Company ( 1 312 thousand of rubles) and for settling previous years losses (24 921 thousand rubles).

By corresponding decisions of AGSM the new structures of the Board of Directors and Audit Commission of the Company (the list of candidates included the candidates offered by the major Company’s shareholders – JSC RAO UES of Russia and JSC SUEK, there were 30 candidates for 15 vacant positions in the Board of Directors, and there were 7 candidates for 5 vacant position in the Audit Commission).

By results if the shareholders voting the new structure of the JSC FEEC Board of Directors includes:

- Chief expert of Branan Ltd Tatyana BOIKO,
- Expert for the matters of fuel and energy complex JSC SUEK Andrey BOLSHAKOV,
- Deputy Managing Director of BU Energysystem of Vostok, JSC RAO UES of Russia Uriy ZHUKOV,
- Executive Director of BU Energysystem of Vostok JSC RAO UES of Russia, Maxim ZAVALKO,
- Managing consultant of Branan Ltd Alexey ZNAMENSKY,
- Head of the Internal control and audit of JSC SUEK Sergey MARTINOV,
- Deputy director general , Director for energy, merges and acquisitions JSC SUEK Sergey MIRONETSKY,
- Head of the project “Energy industry of JSC UES of Vostok” of the energy assets administration of JSC SUEK German MUSTAFIN,
- Director General of JSC FEEC Victor MYASNIK,
- Head of the Department of Processes of reform security of the Center of reform management RAO UES of Russia Eketerina POPOVITCH ,
- Chief specialist of Department of cooperation with shareholders and provision of the measures for support of liquidation, Departmnet of corporate management and cooperation with shareholders of the corporate center RAO UES of Russia , Ulia TIHONOVA,
- Executive Director of BU Energy Systems of Vostok, JSC RAO UES of Russia Nadezhda FAERMAN,
- Chief Expert of Branan Ltd Natalia SHABANOVA,
- Deputy Director for energy merges and acquisitions of JSC SUEK Pavel SHATSKY,
- Head of the Department of energy assets management of JSC SUEK Alexander SHUMILOV.

The new structure of the Audit Commission includes:
-Leading audit of the Regional administration SVKiA in the city of Vladivostok JSC SUEK Dmitry BOSALKO,
- Deputy head of Administration of corporate and juridal politics of BU Energy systems of Vostok JSC RAO UES of Russia Stanislav KOPTYAKOV,
- Deputy chief accountant in the Administrative Apparatus of management of JSC FEEC Irina KUCHEEVA,
- Chief specialists of the Department of the corporate management and cooperation with the shareholders of the corporate center JSC RAO UES of Russia Vitaly NIKITIN,
- First Deputy head of the Department of internal audit of corporate center JSC FEEC RAO UES of Russia Ludmila MATYUNINA.

Besides that the meeting has approved an Auditor of the Company for implementation of the obligatory auditing of the annual accounting statements of the company for 2008 – CJSC ENPI Konsalt, as also the decisions were made about approval of the Charter and Provisions of the redrafted regulations for remuneration and compensations of the members of the Audit Comission of the Company.

The authorized capital of JSC FEEC as of 31.12.2007 is 17 069 008 599 rubles, including 17 069 008 599 ordinary uncertificated shares with the nominal value 1 ruble.