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Quarterly report "Interregional Distribution Grid Company of Centre", Joint-Stock Company
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bet | 34/360 | Sana | 01.04.2017 | Hajmi | 10.4 Mb. | | #2801 |
At the moment the Issuer in included in the group of companies chaired by Joint-Stock Company “Interregional Distribution Grid Companies Holding” (hereinafter referred to as IDGC Holding, JSC).
Since May 21, 2008 shares of the Company have been circulating in the organized stock market (Stock Exchanges MICEX and RTS). On April 08, 2009 shares of the Company were included in the quotation list “B” of CJSC “Stock Exchange MICEX”.
On November 16, 2009 the International rating agency Standart&Poors awarded “BB-/B/ruAA-“ credit rating to IDGC of Centre, forecast “Stable” that means that risks connected with refinancing, collection of account receivable, large-scale investment program and overexpenditure of funds will be smoothed by such factors as the state support, favorable decisions of the regulating bodies, acceptable liquidity management and moderate financial leverage level.
Currently IDGC of Centre, JSC has the corporate governance rating NRCG 7 (national rating of the corporate governance) “Developed practice of the corporate governance” according to NRCG scale” awarded by the Consortium of the Russian institute of directors and the rating agency “Expert RA” – “RID – Expert RA” on September 23, 2008. This class of the rating valuation proves that the corporate governance practice of IDGC of Centre, JSC is valuated positively. The Company has low corporate governance risks. The Company observes the requirement of the Russia Law in the field of the corporate governance, complies with the greater part of recommendations of the Russian Corporate Conduct Code and separate recommendations of the International advanced corporate governance practice.
The Company conducts work on transfer to RAB tariff making system in the branches of IDGC of Centre. In 2009 3 branches of the Company – Belgorodenergo, Lipetskenergo and Tverenergo were transferred to this system. Since January 01, 2010 – the branches Kurskenergo and Yarenergo. It is planned to transfer all other branches to RAB by July 01, 2010.
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