OREANDA-NEWS. Four generation companies, OAO "WGC-1", OAO "WGC-2", OAO "WGC-6", and OAO "TGC-14" completed all the legal and corporate procedures required to consolidate their assets. The tax inspectorates in the companies' respective areas issued certificates evidencing termination of activity of the regional generation companies that merged with TGC-14 and AO-power plants that merged with and into WGC-1, WGC-2, and WGC-6. Now the RGCs and AO-power plants are TGC and WGC branches.

The RGCs and AO-power plants have completed their merger with and into the respective TGC and WGCs. Previously, resolutions to that effect were approved with the support of minority shareholders by the EGMs of the respective TGC and RGCs, WGCs and AO-power plants.

Today, shares of the RGCs and AO-power plants were converted into shares of the TGC and WGCs, and all shareholders in the RGC and AO-power plants became shareholders in the TGC and WGCs, respectively. After the share placement reports for the purpose of conversion are registered with the Federal Service for Financial Markets of Russia (FSFM), RAO "UES of Russia" will hold 92.16 percent, 80.93 percent, 93.48 percent and 49.45 percent of WGC-1, WGC-2, WGC-6 and TGC-14, respectively.

To date, the target structure has been achieved at all six thermal WGCs and four TGCs (TGC-3 (OAO "Mosenergo"), TGC-4, TGC-5, and TGC-14).