verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . july 2008 learn how and when to remove this template message oao rao ues unified energy system of russia trading name rao ues native name former type public traded as rts eesr micex eesr industry electricity fate subsidiaries were separated and privatized holding company was merged into ues fgc successor fgc ues founded august 15 1992 1992 08 15 defunct july 1 2008 2008 07 01 headquarters moscow russia key people anatoly chubais chairman products electric power services electric power transmission electric power distribution number of employees 577 000 website www.rao ees.ru oao rao ues oao unified energy system of russia ; russian or russian was an electric power holding company in russia . it controlled about 70 % of russia s installed electric capacity 96 % of its high voltage grid and over 70 % of its transmission lines . in addition to the russian market rao ues exported electricity to scandinavia and to other members of the cis . the last head of rao ues was anatoly chubais . contents 1 history 2 reorganization 3 shareholders 4 see also 5 references 6 external links history edit unified energy system of russia was established by presidential decree 932 signed on august 15 1992 as an electric energy holding company . most of the state owned electric energy assets such as thermal and hydroelectric power plants transmission lines state owned shares in power research & engineering and construction companies were transferred to rao ues with the exception of any assets related to nuclear energy . in total rao ues owned more than 70 of the energy companies and more than 40 of the power plants with federal level importance . it also owned the transmission system operator federal grid company or rao fgc the current successor of rao ues and the operator of russia s wide area transmission network and the system operator of the centralized dispatching administration oao so cda . the first head of the company was anatoly dyakov who held the positions of president and chairman of the directors council . 1 on may 30 1997 shareholders abolished the position of president and appointed a chairman of the board boris brevnov who was a personal friend of first deputy prime minister of the russian federation boris nemtsov . 1 on january 27 1998 the director s council headed by anatoly dyakov removed brevnov from his position . however brevnov did not recognize this action and removed dyakov from his position instead . eventually former chief of the russian presidential administration anatoly chubais was appointed chairman of the board ; and the chief of the russian presidential administration alexander voloshin was appointed chairman of the directors council 25 june 1999 . 1 in mid 2000s rao ues suffered several failures in trying to keep up with demand . these were due to the decade long practice of disinvestment . 2 the most significant failures were the 2005 moscow power blackouts . reorganization edit the reorganization of rao ues started in 2006 . the first stage of the reorganization was completed on september 3 2007 during which subsidiary generating companies wgc 5 and tgc 5 were individually spun off from the parent rao ues . during a second stage of reorganization all remaining subsidiaries of rao ues were spun off by july 1 2008 . this reorganization was seen as a massive privatization of the power industry with the goal of attaining about us 79 billion in investments . 3 as a result rao ues ceased to exist after its merger into ues fgc a federal grid company . altogether six wholesale generation companies wgc 14 territorial generation companies tgc rushydro fgc ues federal grid company so cda system operator idc holding rao es of the east and inter rao ues continue to operate as independent entities . shareholders edit the russian federation owned directly or indirectly over 50 % of the shares in rao ues . the rest of the stock was owned by minority shareholders . shares were also traded on the micex and rts stock exchanges . see also edit energy policy of russia irkutskenergo rushydro references edit a b c . russian moscow mayor says winter energy deficit could reach 20 % . ria novosti . 2006 09 05 . retrieved 2008 07 27 . russia seeks 79bn electricity funding . financial times . 2006 09 04 . retrieved 2009 06 05 . external links edit unified energy system russian language and english language v t e power companies of russia current astrakhanenergo bashkirenergo enel russia fgc ues idgc holding inter rao irkutskenergo kuzbassenergo moesk mosenergo novosibirskenergo ogk 2 rosenergoatom rushydro tgc 1 unipro former ogk 1 ogk 3 ogk 6 rao ues retrieved from https en.wikipedia.org w index.php title rao ues & oldid 744186110 categories power companies of russiacompanies based in moscowdefunct companies of russiacompanies established in 1992companies disestablished in 2008hidden categories articles with russian language external linksarticles needing additional references from july 2008all articles needing additional referencesarticles containing russian language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutscheestifran ais nederlands polskirom n suomi edit links this page was last modified on 13 october 2016 at 17 16 . text is available under the creative commons attribution sharealike license ; 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