Another branch of IDGC of the North-West switching over to RAB-regulation

12.10.2012

Karelenergo branch of IDGC of the North-West, JSC is switching over to RAB in 2012.Karelenergo branch of IDGC of the North-West, JSC is switching over to RAB in 2012. The decision on Karelenergo agreed migration to the Return on Investment method was taken at a session of the Management Board of the Federal Tariff Service of the Russian Federation. The investment capital book value amounts to 4.270 bln RUB. The revaluation coefficient is equal to 1.6.
Karelenergo is the fourth branch of IDGC of the North-West to switch over to RAB-regulation. The aggregate 2012 investment program of the three RAB-regulated branches of IDGC of the North-West (Vologdaenergo, Novgorodenergo and Pskovenergo) exceeds that of the other four branches by a factor of 1.8, accounting for 64% of the Company’s total investment program.