Transition to RAB-regulation system

History

Pursuant to Order No. 500-e/5 of the Russian Federal Tariffs Service dated December 30, 2010, the transition to the tariff regulation of electricity transmission services through the grids of JSC “MOESK” has been approved with the use of the return on invested capital method starting from January 1, 2011.

City of Moscow starting from January 1, 2011
Order No. 299 of the Moscow Regional Energy Commission dated December 30, 2010 approved the long-term regulation parameters and the gross revenue required by JSC “MOESK” for the long-term regulation period of 2011-2015 with the use of the return on invested capital method starting from January 1, 2011.

City of Moscow starting from May 1, 2011 (pursuant to Decree of the RF Government No. 1172 dated December 27, 2010)
Order No. 34 of the Moscow Regional Energy Commission dated April 29, 2011 approved the long-term regulation parameters and the adjusted gross revenue required by JSC “MOESK” for the long-term regulation period of 2011-2015 with the use of the return on invested capital method starting from May 1, 2011.

Long-term regulation parameters for the City of Moscow

Indicator Measurement unit 2011
Base level of operating expenses ‘000 rubles 12,118,399
Efficiency index of operating expenses % 1
Invested capital ‘000 rubles 119,774,500
Net working capital ‘000 rubles 1,655,807.84
Rate of return on capital % 6
Rate of return on investment % 12

« ORDER NO. 500-E/5 OF THE RUSSIAN FEDERAL TARIFFS SERVICE DATED DECEMBER 30, 2010 APPROVED THE TRANSITION TO THE TARIFF REGULATION OF ELECTRICITY TRANSMISSION SERVICES THROUGH THE GRIDS OF JSC “MOESK” WITH THE USE OF THE RETURN ON INVESTED CAPITAL METHOD STARTING FROM JANUARY 1, 2011 »

Moscow Region starting from January 1, 2011
Order No. 58-R of the Moscow Region Fuel and Energy Complex dated December 31, 2010 approved the long-term regulation parameters and the gross revenue required by JSC “MOESK” for the long-term regulation period of 2011-2015 with the use of the return on invested capital method starting from January 1, 2011.

DYNAMICS OF AVERAGE
LONG-TERM TARIFFS
FOR THE MOSCOW REGION,
rubles/MWh

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Moscow Region starting from May 1, 2011 (pursuant to Decree of the RF Government No. 1172 dated December 27, 2010)
Order No. 20-R of the Moscow Region Fuel and Energy Complex dated May 12, 2011 approved the long-term regulation parameters and the adjusted gross revenue required by JSC “MOESK” for the long-term regulation period of 2011-2015 with the use of the return on invested capital method starting from May 1, 2011.

Long-term regulation parameters for the City of Moscow

Indicator Measurement unit 2011
Base level of operating expenses ‘000 rubles 8,197,262
Efficiency index of operating expenses % 1
Invested capital ‘000 rubles 60,274,200
Net working capital ‘000 rubles 1,188,876.9
Rate of return on capital % 6
Rate of return on investment % 12