OREANDA-NEWS. October 21, 2009. The regular meeting of JSC FGC UES Management Board took place.

The Management Board approved action plan to change the company to the tariff regulation based on the return on invested capital method. In particular, according to this plan parameters of JSC FGC UES activity, which will be used to assess quality of the company services as well as quality and efficiency of its investments, in October shall be submitted for approval of the Russian Ministry of Energy, Ministry of Economic Development and Trade and Federal Tariff Service.

RAB-regulation will create conditions to raise capital for development and maintenance of the company assets, and will introduce economic incentives for improving quality of customer service and overall performance as well. RAB-regulation provides direct dependence of the company income on power supply reliability and customer service level. Multiplying either reduction factors will be applied to the company income on the basis of these indicators.

Besides, JSC FGC UES Management Board approved 2010-2012 investment program of the company and proposed it to the Investment Committee of the Board of Directors of the Company. In addition, preparation to 2009-2010 autumn-winter peak demand as well as improving quality control over operation and technical status of UNEG facilities were discussed at the meeting.