Open joint-stock company territorial generating company no. 9 (стр. 1 )

APPROVED by Resolution of the OJSC TGC-9 Board of Directors May ___, 2012 (Minutes No. __(___) of __.__.2012)

 

ANNUAL PLAN

OPEN JOINT-STOCK COMPANY

TERRITORIAL GENERATING COMPANY No. 9

for the year 2011

General Director of CJSC IES - Management Company of TGC-9		E. N. Olkhovik
Director of LLC UFS Urals Branch		A. V. Plyusnin

1. Letter to Shareholders by Board of Directors Chairman and Management Company General Director 3

PANY AND ITS POSITION IN THE INDUSTRY. 4

2.1. OJSC TGC-9 Development History. 4

2.2. Position in the Industry. 9

2.3. Business priorities of OJSC TGC-9. 16

2.4. Risk management 18

3. CORPORATE GOVERNANCE. 26

3.1. Principles and Documents. 26

3.2. Management and Supervisory Bodies. 26

General meeting of shareholders. 26

Board of Directors. 27

Committees of the Board of Directors. 29

Executive bodies of the Company. 31

Audit Commission of the Company. 31

4. PRODUCTION ACTIVITIES. 34

4.1. Types of Production Activities. 34

4.2. Key Production Indicators of OJSC TGC-9. 34

4.3. Production dynamics over the past 3 years. 36

5. ECONOMY AND FINANCE. 37

5.1. Key Financial and Production Indicators for the Reporting Year 37

5.2. Financial Situation Analysis. 40

5.3. Distribution of Profit for the Past Three Years. 47

6. INVESTMENT ACTIVITY. 49

7. SECURITIES AND SHARE CAPITAL. 59

7.1. Structure of the share capital 59

7.2. Data on rights attached to shares of OJSC TGC-9. 61

7.3. Circultation of shares of OJSC TGC-9 at stock exchanges. 61

7.4. General information on depository receipt program.. 62

7.5. Dividend history of OJSC TGC-9. 62

8. OJSC TGC-9 2011 FINANCIAL STATEMENT. 63

9. PERSONNEL AND SOCIAL POLICY. 64

10. ENVIRONMENT PROTECTION. 71

11. CONTACT INFORMATION. 72

Bank details of OJSC TGC-9. 72

Contact persons for shareholders and investors. 72

Contact persons for mass media. 72

Auditor 72

Registrar 72

ATTACHMENTS. 73

1. Letter to Shareholders by Board of Directors Chairman and Management Company General Director

Dear shareholders!

Last 2011 year was marked by events that were important both to Russian electric energy industry in general and OJSC TGC-9 in particular.

The long-term power market started a full-scale operation on January 1, 2011. A contract campaign had been carried on earlier in 2010 to sign power distribution contracts (PDC) by electric power engineering entities. The market launch has become one of the most important events in the power industry reform that drove industry development and attraction of investments. The total amount of invested money for construction and reconstruction of power facilities in 2011 will total more than 1 trillion rubles, which is 54% more than in the previous year.

At the same time the industry still faces some serious problems, which should be solved so that the industry functions efficiently. Bad wear and tear of fixed assets, significant accounts receivable, cross-subsidy – these problems are to be solved yet.

In 2011 OJSC TGC-9 accomplished the set of tasks aimed to improve the company’s effectiveness, including: semi-constant costs reduction, highly effective production technology implementation, selection of optimal market operations strategies.

The growing accounts receivable were the strong factor that asserted influence over OJSC TGC-9 stable activity in 2011. The accounts receivable totaled 14.218 billion rubles as of the end of the balance sheet period, which is 22.1% more than in the previous year. The main debtors of the company are housing and communal sector organizations.

In 2011, OJSC TGC-9 electric energy generating plants produced 14,163 million kWh which is slightly less compared to 2010. Heat energy amounted to 37,950,000 Gcal, dropping by 4.8% as compared with the previous year due to a warmer winter, which also resulted lesser electric power generation at CHPP in a combined cycle.

In 2011 the maintenance activities to prepare the OJSC TGC-9 energy generating equipment for the autumn-winter period of maximum load were successfully carried out: capital and mid-life repairs of 21 turbine sets and 35 boiler units; 91.45 km of heat grids were laid. The maintenance campaign totaled 2,825 million rubles.

During the accounting year OJSC TGC-9 successfully carried on the generating capacities development and investment program implementation. The project for installation of a modern combined-cycle plant at Perm CHPP-13 reached the closing stage. Its implementation will help to increase the CHPP electric capacity to 180MW and heat capacity 860 MW, which will have a strong effect on development of the territory center. Implementation of other investment projects of OJSC TGC-9, such as reconstruction of Perm TGC-9, construction of Novobereznikovskaya CHPP and reconstruction of Berezniki CHPP, reconstruction of Nizhneturinskaya SDPP, construction of Novobogoslovskaya CHPP and Academicheskaya CHPP, was also active.

We believe that despite the difficulties, OJSC TGC-9 will continue its active development and provide uninterrupted power supply for consumers.

Chairman of OJSC TGC-9 Board of Directors Ya. S. Tesis

CJSC IES General Director E. N. Olkhovik

PANY AND ITS POSITION IN THE INDUSTRY

General Information.

·  Full Business Name: Open Joint-Stock Company Territorial Generating Company No. 9;

·  Location: 48 Komsomolsky Prospekt, Perm, Russian Federation;

·  State Registration Date: 09.12.2004

·  Primary State Registration Number (OGRN):

2.1. OJSC TGC-9 Development History

Open Joint-Stock Company Territorial Generating Company No. 9 was created in the process of reformation of the Russian electric energy industry. The Company unites generating capacities of the Sverdlovsk Region, Perm Territory and Komi Republic.

OJSC TGC-9 was registered on December 9, 2004. From April 1, 2005 after reorganization of OJSC Permenergo and OJSC Sverdlovenergo companies by means of spinning-off companies by type of activity (generation, power distribution, network facilities), OJSC TGC-9 began its operating activity.

Originally TGC-9 used leased generating capacities of companies that had spun off from the regional JSC-Energo organizations: OJSC Perm Generating Company, OJSC Sverdlovsk Generating Company.

On May 1, 2006, OJSC Perm Generating Company and OJSC Sverdlovsk Generating Company were merged by OJSC TGC-9.

On February 1, 2007, OJSC Komi Regional Generating Company was also merged by TGC-9 thus completing the formation of the OJSC TGC-9 target structure.

On December 28, 2007, OJSC RAO UES of Russia completed the sale transaction of 33.94% of TGC-9 shares, previously owned by this organization and appertained to the government stake. As a result, the stake of RAO UES of Russia in the authorized capital of OJSC TGC-9 decreased from 50.05% to 16.11%. These shares were bought by LLC IES-Holding.

On February 29, 2008, OJSC TGC-9 finished additional shares placement. TGC-9 placed 2,126,558,801,497 and 663/801 (two trillion one hundred twenty six billion five hundred fifty eight million eight hundred one thousand four hundred ninety seven whole and 663/801 fractional) shares with par value of 0.003 (zero point three thousandth) rubles per share by public offering. IES-Holding purchased 2,124,724,351,843 (two trillion one hundred twenty four billion seven hundred twenty four million three hundred fifty one thousand eight hundred forty three) shares at the price of 0.00801 (zero point eight hundred and one hundred thousandth) RUB per share in the aggregate amount of 17,019,042,058 (seventeen billion nineteen million forty two thousand fifty eight) RUB and 26 kopecks which makes 99.99% of the total amount of actually placed additional issue shares and 27.15% of the increased authorized capital of OJSC TGC-9. Other 1,834,449,654 whole and 663/801 (one billion eight hundred thirty four million four hundred forty nine thousand six hundred fifty four whole and 663/801 fractional) shares of 14,693,941 (fourteen million six hundred ninety three thousand nine hundred forty one) RUB and 73 kopecks total value were placed as the result of OJSC TGC-9 shareholders’ pre-emption right realization.

On March 11, 2008, at the Extraordinary General Meeting of OJSC TGC-9 shareholders it was resolved to delegate the authority of the sole executive body to the management company CJSC Integrated Energy Systems as from the entry into force of the respective contract. On June 26, 2008 the Annual General Meeting of OJSC TGC-9 Shareholders approved the contract on delegation of authority of sole executive body to the management company CJSC Integrated Energy Systems and provision of management services, signed by IES and TGC-9.

In 2008, the Generation Urals Division was created as part of IES-Holding for management of generating and heat supply assets of OJSC TGC-9, as well as OJSC TGC-5.

On July 1, 2008, OJSC TGC-9 was reorganized by merging with OJSC TGC-9 Holding. As the result of the final reorganization stage of RAO UES of Russia, the shares of special purpose entities were distributed among all RAO UES of Russia shareholders. According to the approved coefficient, a shareholder of OJSC RAO UES of Russia received 67 OJSC TGC-9 common shares with the par value of 0.003 RUB per share for each OJSC RAO UES of Russia common share, and 62 OJSC TGC-9 common shares per each preferred share.

OJSC TGC-9 Holding was merged with OJSC TGC-9 concurrently with the spin-off from OJSC RAO UES of Russia. The OJSC TGC-9 shares belonging to OJSC RAO UES of Russia were also distributed among OJSC RAO UES of Russia shareholders. A total amount of 11.7% of OJSC TGC-9 shares belonging to OJSC RAO UES of Russia was distributed among shareholders of liquidated OJSC RAO UES of Russia.

On July 1, 2009, Perm, Sverdlovsk and Komi territorial branches of OJSC TGC-9 were created and began to work. OJSC TGC-9 branches were formed within three territorial production activity areas and replaced the previous ones, which incorporated one or several power generation plants.

Organization structure.

The structural changes within the Joint-Stock Company caused by organizational structure development:

§  According to the resolution of the Company’s Board of Directors of 16.108.2011 (Minutes No. 26(193) of 18.08.2011) the Yekaterinburg Branch of the Company was liquidated.

§  According to the resolution of the Company’s Board of Directors of 31.10.2011 (Minutes No. 31(198) of 02.11.2011) the Komiteplosbyt Branch of the Company was liquidated.

The list of branches as of the end of 2011 in accordance with the Articles of Association:

Item No.	Name	Location
1	Sverdlovsk	Lenina Street 38, Yekaterinburg
2	Perm	P. Osipenko Street 41a, Perm
3	Komi	Sysolskoye Highway 9, Syktyvkar
4	Perm Heat networks	P. Osipenko Street 41a, Perm
5	Sverdlovsk Region Engineering Center	Kransoarmeyskaya Street 4b, Yekaterinburg
6	Perm Territory Engineering Center	Chernyshevskogo Street 11 a, Perm
7	Perm Branch for Priority Investment Projects	Komsomolsky Prospekt 48, Perm
8	Yekaterinburg Branch for Priority Investment Projects	Lenina Street 38, Yekaterinburg
9	Akademichesky Branch for Priority Investment Projects	Lenina Street 38, Yekaterinburg

OJSC TGC-9 affiliates and subsidiaries:

1. Full Business Name: Limited Liability Company TGC-9 Finance

Abbreviated Business Name: TGC-9 Finance, Ltd.

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0 %

The person authorized to act as sole executive body of the affiliated company:

Full Name: Yevgeny Vladimirovich Norin

Date of Birth: 1972

2. Full Business Name: Limited Liability Company Sverdlovsk Heat Supply Company

Abbreviated Business Name: SHSC ltd.

Location: Starykh Bolshevikov Street 4, Yekaterinburg, Russian Federation

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Company sole executive body authorities were delegated to the management organization:

Full Business Name: Open Joint-Stock Company Territorial Generating Company No.9

Abbreviated Business Name: OJSC TGC-9

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation

3. Full Business Name: Closed Joint-Stock Company Bogoslovsk CHPP.

Abbreviated Business Name: CJSC Bogoslovsk CHPP.

Location: 38, Lenina Prospect, Yekaterinburg, 620075.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Company sole executive body authorities were delegated to the management organization:

Full Business Name: Open Joint-Stock Company Territorial Generating Company No.9

Abbreviated Business Name: OJSC TGC-9

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation

4. Full Business Name: Closed Joint-Stock Company Kamenskaya Heat Supply Company.

Abbreviated Business Name: CJSC KHSC.

Location: 24, Zavodskaya Street, Kamensk-Uralsky, 623406.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Company sole executive body authorities were delegated to the management organization:

Full Business Name: Open Joint-Stock Company Territorial Generating Company No.9

Abbreviated Business Name: OJSC TGC-9

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation

5. Full Business Name: Closed Joint-Stock Company Nizhneturinskaya SDPP.

Abbreviated Business Name: CJSC Nizhneturinsk SDPP.

Location: 38, Lenina Prospect, Yekaterinburg, 620075.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Company sole executive body authorities were delegated to the management organization:

Full Business Name: Open Joint-Stock Company Territorial Generating Company No.9

Abbreviated Business Name: OJSC TGC-9

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation

6. Full Business Name: Closed Joint-Stock Company Berezniki CHPPs.

Abbreviated Business Name: CJSC Berezniki CHPPs.

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Company sole executive body authorities were delegated to the management organization:

Full Business Name: Open Joint-Stock Company Territorial Generating Company No.9

Abbreviated Business Name: OJSC TGC-9

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation.

7. Full Business Name: Closed Joint-Stock Company Vorkuta CHPPs.

Abbreviated Business Name: CJSC Vorkuta CHPPs.

Location: Severniy urban settlement, Vorkuta, Komi Republic, 169926 Russian Federation

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Company sole executive body authorities were delegated to the management organization:

Full Business Name: Open Joint-Stock Company Territorial Generating Company No.9

Abbreviated Business Name: OJSC TGC-9

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation.

8. Full Business Name: Closed Joint-Stock Company Kizel SDPP-3.

Abbreviated Business Name: CJSC Kizel SDPP-3.

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Company sole executive body authorities were delegated to the management organization:

Full Business Name: Open Joint-Stock Company Territorial Generating Company No.9

Abbreviated Business Name: OJSC TGC-9

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation.

9. Full Business Name: Limited Liability Company Perm Grid Company.

Abbreviated Business Name: LLC PGC.

Location: Revolutsii Street 31, Perm, 614039 Russian Federation

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 75%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Company sole executive body authorities were delegated to the management organization:

Full Business Name: Open Joint-Stock Company Territorial Generating Company No.9

Abbreviated Business Name: OJSC TGC-9

Location: Komsomolsky Prospekt 48, Perm, 614990 Russian Federation.

10. Full Business Name: Open Joint-Stock Company Sales Holding.

Abbreviated Business Name: OJSC Sales Holding.

Location: Bldg 3, LLC Vega-Line Complex, 26th km of Baltiya Highway, Krasnogorsk District, Moscow Region, 143421.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Full Name: Andrey Evgenievich Motyakin

Year of Birth: 1971

11. Full Business Name: Limited Liability Company Center Region Invest.

Abbreviated Business Name: LLC CRI.

Location: Bldg 3, LLC Vega-Line Complex, 26th km of Baltiya Highway, Krasnogorsk District, Moscow Region, 143421.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Full Name: Eduard Aleksandrovich Sapach.

Year of Birth: 1964.

12. Full Business Name: Closed Joint-Stock Company IES-Energosbyt.

Abbreviated Business Name: CJSC IES-Energosbyt.

Location: Bldg 3, LLC Vega-Line Complex, 26th km of Baltiya Highway, Krasnogorsk District, Moscow Region, 143421.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Full Name: Sergey Yevgenyevich Yemelchenkov.

Year of Birth: 1971.

13. Full Business Name: Closed Joint-Stock Company Management Company Energostroyservis.

Abbreviated Business Name: CJSC MC ESS.

Location: 29, Shchepkina Street, Moscow, 129090.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Full Name: Aleksandr Aleksandrovich Kolokoltsev.

Year of Birth: 1962.

14. Full Business Name: Open Joint-Stock Company Complex Clearing Center - Prikamye.

Abbreviated Business Name: OJSC CCC – Prikamye.

Location: 94, Sibirskaya Street, Perm, 614002.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Full Name: Maxim Anatolyevich Mokrushin.

Year of Birth: 1975.

15. Full Business Name: Limited Liability Company YUNIS.

Abbreviated Business Name: LLC YUNIS.

Location: Bldg 3, LLC Vega-Line Complex, 26th km of Baltiya Highway, Krasnogorsk District, Moscow Region, 143421.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Full Name: Nataliya Vasilyevna Yemysheva.

Year of Birth: 1955.

16. Full Business Name: Limited Liability Company Accounting and Financial Service.

Abbreviated Business Name: LLC AFS.

Location: Bldg 3, LLC Vega-Line Complex, 26th km of Baltiya Highway, Krasnogorsk District, Moscow Region, 143421.

The Company is defined as affiliated and subsidiary since OJSC TGC-9 by virtue of its dominant participation in the authorized capital is entitled to determine decisions made by such company.

The stake of OJSC TGC-9 in the authorized capital of the affiliated company: 100%

The stake of the affiliated company in the authorized capital of TGC-9: 0%

The person authorized to act as sole executive body of the affiliated company:

Full Name: Igor Georgiyevich Troshkin.

Year of Birth: 1956.

2.2. Position in the Industry

Main development trends in the industry of Company’s main activity

Today the electric energy industry is undergoing significant changes connected with its reformation. The main electric energy industry reforms are the following:

·  Industry restructuring process – separation of monopoly and competitive activity types within electric energy industry subjects (JSC-Energo).

·  Privatization process in the industry – competitive activity types selling to private investors.

·  Liberalization of the energy market – regulated market model conversion to the model of free price formation and market participation.

The formation of territorial generating companies is the crucial stage of the Russian power industry reorganization. These companies are meant to become effective and financially stable major companies able to successfully function in the competitive electric energy wholesale market, as well as in the heat supply field.

On April 23, 2004, the OJSC RAO UES of Russia Board of Directors approved the territorial generating companies formation mechanism. The decision was made to form territorial generating companies on the basis of regional generating companies on the basis of lease.

OJSC Territorial Generating Company No. 9 was established during the power industry reform according to the OJSC RAO UES of Russia Board of Directors decision, and started its business activity on April 1, 2005.

On May 1, 2006, OJSC TGC-9 incorporated generating assets and heat networks of OJSC Perm Generating Company and OJSC Sverdlovsk Generating Company.

On February 1, 2007, formation of OJSC TGC-9 was completed by reorganization through incorporation of OJSC Komi Regional Generating Company.

On July 1, 2008, the energy holding OJSC RAO UES of Russia ceased to exist. A self-regulating professional organization - Non-profitable Partnership Market Council was created in the electric energy market. Its major objectives were to ensure unity of business infrastructure, form favorable conditions for the investments to the industry, draw the acquisition agreement and regulations, participate in development of rules for the wholesale and retail markets, and make amendments and changes if necessary, form permanent control system to ensure enforcement of these documents, and settle disputes among electric energy market participants.

Functions of Non-profitable Partnership ATS as the trading floor of the electric energy wholesale market, as well as regarding trading in the market, insurance against risk of liability for violation of the acquisition contract and other contracts signed in the wholesale market, were transferred to OJSC ATS (commercial operator of the wholesale market) on December 13, 2007.