OREANDA-NEWS. January 13, 2011. "IDGC of Urals" (RTS and MICEX: MRKU) reports on the results of BoD session.

December saw an extramural BoD session that decided over a range of managing and corporate issues, including:

Approval of the Company's overdue receivables decrease schedule

To enhance control over overdue receivables as well as to take efficient measures to decrease it, the BoD approved the Company's overdue receivables decrease schedule.

Determination of the Company's (representatives') positions on agenda issue of the GSM and BoD sessions of the SACs

The Board of Directors entrusted its representatives to the EESK and EES BoDs to approve 2011 business plans as well as 9M 2010 business plan completion reports. Besides, the BoD entrusted its representatives to the BoD of Permelektrosetremont, OAO and Insurance Company Privatenergotrans, ZAO to vote for prolongation of authorities and labor contracts with the CEOs of the companies. The BoD also entrusted its representatives on the Uralenergotrans EGSM to approve internal documents stipulating remunerations and compensations paid to BoD and Audit Commission members.

Approval of (M 2010 business plan completion report.

According to the approved report:

- revenues from transmission totaled RUR 36 167.7 thous.,

- connection fees - RUR 1 327.4 thous.,

- other revenues - RUR 258.6 thous,

- real supply - 59 301 mln kWh,

- real net supply - 55 008 mln. kWh.

Approval of debt limit parameters

The BoD approved the procedure for calculation of the Company's 2011 debt limit parameters. It also determined that the limit parameters also include interest, all fees, consulting and other financing expenses.