Quarterly report Open Joint Stock Company “Interregional Distribution Grid Company of the South" Issuer’s code: 34956 - Е for quarter III, 2010 (стр. 27 )

Number of shares of the Issuer of each category (class) that may be purchased by the person as a result of exercise of rights for owned options of the issuer: the issue did not issue options

Participation shares of the person in authorized (share) capital (unit investment fund) of subsidiaries and associated companies of the issuer

The person does not own the specified shares

Data on character of any family relations with other persons who are members of the management authorities of the issuer and/or authorities auditing the financial and economic activity of the issuer:

No specified family relations

Data on bringing the person to administrative responsibility for breaches of law related to finance, taxes and charges, securities market or to criminal responsibility (previous conviction) for crimes referring to economy or crimes against the state power:

The person was not brought to the specified kinds of responsibility

Data on positions held by the person in management authorities of commercial entities in periods when stated entities were prosecuted for insolvency and/or insolvency proceedings were started in conformity with the legislation of the Russian Federation on Insolvency (Bankruptcy):

The person did not hold the specified positions

Surname, name, patronymic: Okley Pavel Ivanovich

Year of birth: 1970

Education:

Omsk Engineering Institute of Railroad Transportation, specialty: “Automatic Equipment, Teleautomatic and Communication at Rail Transport”;

Academy of National Economy under the Government of the Russian Federation, specialty: “Company development management”;

Moscow Power Engineering Institute, post-graduate course.

All positions held by the person at the Issuer Company and other entities within the last five years and now, including part-time job

Period	Entity	Position
from	up to
2005	2008	“FGC UES”, JSC	Deputy Director of Management Center of IDGC, Director of Management Center of IDGC
2007	now	“IDGC of the South”, JSC	Member of Board of Directors
2007	now	“Tyumenenergo”, JSC	Member of Board of Directors
2008	2008	“IDGC Holding” JSC Business Unit, RAO “UES of Russia” JSC	Deputy Managing Dirrector
2008	now	“IDGC Holding”, JSC	Deputy CEO, Technical Director
2009	now	“IDGC of Siberia”; JSC; “IDGC of Volga”, JSC	Member of Board of Directors
2009	now	“IDGC of the Center and Volga Region” JSC	Member of the Board of Directors, Member of the Audit Committee of the Board of Directors
2009	now	“Energy Forecasting Agency” (EFA), CJSC	Member of Board of Directors
2009	now	“MUEGC”, JSC	Chairman of Reliability Committee under the Board of Directors
2009	now	“INVEL” Non-profit Partnership	Member of Supervisory Board
2009	now	“Lenenergo”, JSC	Member of Board of Directors, Member of Audit Committee, Member of Reliability Committee, Member of Personnel and Remuneration Committee attached to Board of Directors
2009	now	“Tumenenergo” JSC	Member of Reliability Committee of the Board of Directors
2009	now	“IDGC Holding”, JSC	Member of Management Board
2009	2010	“IDGC of the South”, JSC	Chairman of the Board Reliability Committee
2010	now	‘Lenenergo” JSC	Member of Reliability Committee of the Board of Directors

The person has no participation shares/ordinary shares in authorized capital of the Issuer

Number of shares of the Issuer of each category (class) that may be purchased by the person as a result of exercise of rights for owned options of the issuer: the issue did not issue options

Participation shares of the person in authorized (share) capital (unit investment fund) of subsidiaries and associated companies of the issuer

The person does not own the specified shares

Data on character of any family relations with other persons who are members of the management authorities of the issuer and/or authorities auditing the financial and economic activity of the issuer:

No specified family relations

Data on bringing the person to administrative responsibility for breaches of law related to finance, taxes and charges, securities market or to criminal responsibility (previous conviction) for crimes referring to economy or crimes against the state power:

The person was not brought to the specified kinds of responsibility

Data on positions held by the person in management authorities of commercial entities in periods when stated entities were prosecuted for insolvency and/or insolvency proceedings were started in conformity with the legislation of the Russian Federation on Insolvency (Bankruptcy):

The person did not hold the specified positions

Surname, name, patronymic: Yourchuk Sergey Evgenievich

Year of birth: 1966

Education:

Moscow State University n. a. M. V. Lomonosov, specialty: “Economist”

All positions held by the person at the Issuer Company and other entities within the last five years and now, including part-time job

Peroid	Entity	Position
from	up to
2005	2008	““Northern Dockyard” Ship-Building Plant”, JSC	Director in charge of Economy and Finance
2008	2009	“Diamond Press” CJSC	Deputy Director General in charge of Economy and Finance”
2009	now	“Lenenergo” JSC	Member of the Board of Directors
2009	now	“МUEGC” JSC	Member of the Board of Directors
2009	now	“IDGC of the Northwest” JSC	Member of the Board of Directors, Member of Strategy and Development Committee of the Board of Directors
2009	now	“IDGC Holding” JSC	Finance Director
2010	now	‘Lenenergo” JSC	Member of Audit Committee of the Board of Directors, Staff and Remuneration Committee of the Board of Directors
2010	now	“IDGC of the South” JSC	Member of the Board of Directors
2010	now	“IDGC of the South” JSC	Member of Audit Committee, Member of Committee for Strategy, Development, Investments and Reform attached to the Board of Directors

The person has no participation shares/ordinary shares in authorized capital of the Issuer

Number of shares of the Issuer of each category (class) that may be purchased by the person as a result of exercise of rights for owned options of the issuer: the issue did not issue options

Participation shares of the person in authorized (share) capital (unit investment fund) of subsidiaries and associated companies of the issuer

The person does not own the specified shares

Data on character of any family relations with other persons who are members of the management authorities of the issuer and/or authorities auditing the financial and economic activity of the issuer:

No specified family relations

Data on bringing the person to administrative responsibility for breaches of law related to finance, taxes and charges, securities market or to criminal responsibility (previous conviction) for crimes referring to economy or crimes against the state power:

The person was not brought to the specified kinds of responsibility

Data on positions held by the person in management authorities of commercial entities in periods when stated entities were prosecuted for insolvency and/or insolvency proceedings were started in conformity with the legislation of the Russian Federation on Insolvency (Bankruptcy):

The person did not hold the specified positions

Data on transactions closed by the Issuer and persons - members of Management bodies of the Issuer: such transactions were not closed in the accounting period.

Data on Education of Members of the Issuer’s Board at the Company’s expense: there was no educational service provided to the Members of the Board at the Company’s expense in quarter III of 2010.

Additional Data Disclosed in Accordance with Regulation on Information Policy of “IDGC of the South”, JSC

Data on the Company’s Board of Directors Nominating Process, Procedure of Items Submission to the Company’s Board of Directors

The Board of Directors of the fourth convocation is acting at the present time. It was elected in Juneby the decision of Annual General Meeting of Shareholders of “IDGC of the South” JSC (Minutes No. 4 of 16.06.2010).

Procedures of Nominating Candidates to the Board of Directors of the Company

Shareholders (shareholder) of the Company owning at least 2% of the Company’s voting shares in total are entitled to contribute issues to the agenda of Annual General Meeting of Shareholders and to nominate candidates to the Board of Directors and Audit Committee of the Company within 60 days after the end of fiscal year. Number of candidates should not exceed quantity of the corresponding body.

Proposal to contribute issues to the agenda of General Meeting of Shareholders as well as proposal to nominate candidates are contributed in the written form with names of shareholders (shareholder) contributing; quantity and categories (types) of shares owned should be indicated by the shareholders (shareholder).

Proposal to contribute items to the agenda of General Meeting of Shareholders should contain wording of each of the item contributed, and proposal to nominate candidates should contain name and data of the identity document (series and (or) number, date and place of issue, the authority which issued the document) of each of the nominated candidates, name of the body the candidate is nominated to be elected in.

Board of directors of the Company should consider contributed proposals and take decision either on their inclusion in the agenda of General Meeting of Shareholders or on refusal to include them in this agenda within 5 days after the end of the terms, indicated in point 13.1 of article 13 of the Company Charter.

Board of Directors of the Company may refuse to include items contributed to the agenda by shareholder (shareholders) as well as to enlist nominees for election to the appropriate body of the Company on the grounds provided by the Federal Law “On Joint Stock Companies” and other legal acts of the Russian Federation.

Reasoned Decision of the Board of Directors on the Company’s refusal to include the item in the agenda of the General Meeting of Shareholders of the Company or to include a candidate in the list of nominees for election to the appropriate body of the Company should be sent to the shareholder (shareholders) contributed the item or nominating the candidate within the next 3 days after the moment of the contribution.

The Board of Directors of the Company does not have the right to make any changes in the wording of items proposed for inclusion in the agenda of General Meeting of Shareholders and (in case there are such) in wording of decisions on such issues.

Apart from the questions proposed by shareholders for inclusion in the agenda of General Meeting of Shareholders as well as in case of absence of such proposals, absence or lack of candidates, nominated by shareholders to form the proper unit, the Board of Directors of the Company has right to include items into the agenda of General Meeting of Shareholders or names of candidates into the list of nominees as they see fit.

Procedures of Items Submitting to the Board of Directors of the Company

Order of items submitting to the Board of Directors of “IDGC of the South” JSC is defined by the Regulation “On the Procedure for Convening and Holding Meetings of the Board of Directors of “IDGC of the South”, new edition approved by the Ruling of the Board of “RAO UES of Russia” JSC (Minutes No. 1829 пр.7 dated 20.02.2008).

In accordance with sub point No. 5.3.3. of point 5.3. of article No. 5 in “On the Procedure for Convening and Holding Meetings of the Board of Directors of “IDGC of the South”, schedule of the Board of Directors is formed on the basis of of proposals of the Chairman and Members of the Board of Directors, Audit Commission, Chief Executive Officer of the Company and Company Auditor.

Indicated proposals are submitted to the Chairman of Board of Directors in written form and their copies are simultaneously sent by fax to Corporate Secretary.

Summary of Decisions Taken at Meetings of the Board of Directors of “IDGC of the South”, JSC

In the third quarter of 2010 there were 5 Meetings of the Board of Directors of “IDGC of the South” held (all the meetings were held in absentia form).

Board of Directors of “IDGC of the South” JSC dated 08.07.2010, in absentia form (Minutes No. 50/2010 dated 08.07.2010):

Arkhipov Sergey Aleksandrovich was elected a Chief Executive Officer of “IDGC of the South” JSC since July 09, 2010 for one year.

Board of Directors of “IDGC of the South” JSC dated 13.04.2010, in absentia form (Minutes No. 51/2010 dated 30.07.2010):

Activity Plan of the Board of Directors of “IDGC of the South” JSC for the second half-year period of 2010 and for the first half year period of 2011 was approved; Item “On Approval of Overlapping Positions in Governing Bodies of Other Organizations by Members of the Management Board of “IDGC of the South” JSC” was considered; “Program for Support and Development of Personnel Resource of “IDGC of the South” JSC was approved; Target values of key performance indicators of the Company in quarter IV of 2009 and in 2009 were approved; Report on performance against business plan of the Company (including investment program) for quarter I of 2010 was approved; Report of the CEO of “IDGC of the South” JSC concerning fulfillment of the annual integrated purchasing program of “IDGC of the South” JSC for 2009 is taken note of; Report of the CEO of the Company concerning adherence of Regulation on Information Policy of “IDGC of the South” JSC in quarter I of 2010 is taken note of; Report of the CEO of “IDGC of the South” JSC on the item concerning transition to regulation of tariff for transmission service by means of return on equity method is taken note of; Report of CEO of “IDGC of the South” JSC on implementation of decisions taken by the Board of Directors of the Company in the 2nd quarter of 2010 was taken note of; Report of CEO of “IDGC of the South” JSC on payout connected with preparation and holding of Annual General Meeting of Shareholders of the Company on June 15, 2010; Manning and chairmen of the Audit Committee, Committee for Strategy, Development, Investment and Reforming, Personnel and Remuneration Committee, Reliability Committee, Committee for Technological Connection to Electric Grids at the Board of Directors were elected; Loan raised in the amount of 1 000 000 000 (one billion) rubles in quarters III-IV of 2010 to recover debts in the volume not exceeding the volume of previously raised loans was approved; Agreement on cooperation in prevention and elimination of the consequences of accidents at electric power facilities concluded between “IDGC of the South” JSC and “UES Federal Grid Company” JSC, as an interested party transaction, was approved; Additional Agreement to Contract No. 208/O/397.4 dd. October 13, 2008, on handling accounts of capital employed by branches of “IDGC of the South” JSC and “Kubanenergo” JSC, concluded between “IDGC of the South” JSC and “The Institute for Enterprise Issues” LLC was approved as an interested party transaction. Benchmarks of cash flows in the Company for quarter III of 2010 were approved; Report of the CEO on the Company’s activity in the sphere of capital construction was taken note of;

Board of Directors of “IDGC of the South” JSC dated 05.08.2010, in absentia form (Minutes No. 52/2010 dated 06.08.2010):