UNIFIED ENERGY SYSTEM OF RUSSIA
(UES)

ANNUAL REPORT

2001

		CONTENTS

		1. SUMMARY OF PERFOMANCE RESULTS
		2. CHAIRMAN OF THE BOARD ADDRESS TO SHAREHOLDERS
		3. CHAIRMAN OF THE MANAGEMENT BOARD ADDRESS TO SHAREHOLDERS
		4. RAO "UES OF RUSSIA" TODAY
	4.1. About the Company 4.2. Structure of RAO "UES of Russia"
		5. MANAGEMENT
	5.1. Management Structure 5.2. Board of Directors 5.3. Management Board 5.4. Management system 5.4.1. Financial management 5.4.2. Business planning and cost control 5.4.3. Asset management 5.4.4. Corporate policy 5.4.5. Personnel management 5.4.6. Anti-crisis management
		6. REFORMING THE COMPANY
		7. PRODUCTION
	7.1. Economics 7.2. Generation 7.2.1. Power generation 7.2.2. Heat Energy Generation 7.2.3. Supply of fuel 7.2.4. Maintenance and refurbishment 7.3. Functioning of the UES of Russia
		8. MARKETS FOR POWER AND HEAT
	8.1. Tariff policy 8.2. Wholesale market 8.3. Retail market 8.4. Supply (marketing) activities 8.5. Export
		9. INNOVATION AND INVESTMENTS
	9.1. Results of investment activities 9.1.1. Analysis of results 9.1.2. Investment prospects 9.2. Research and development
		10. THE COMPANY'S FINANCE
	10.1. The Company's financial results 10.1.1. Analysis of financial results 10.1.2. Organisation of work on financial markets 10.2. Financial performance of the Holding
		APPENDIXES
	1. The Company's financial statements for the year 2001 1.1. The Company’s abbreviated balance sheet 1.2. The Company’s profit and loss statement 2. Copy of the auditor's report for 2001 made by ZAO "PricewaterhouseCoopers Audit" 3. RAO "UES of Russia" participation in the authorised capital and voting shares of joint stock companies 4. Major corporate events in 2001 5. Information on big transactions with the Company's assets 6. Glossary 7. Contact information