OREANDA-NEWS. February 21, 2011. Following the determination issued by the Federal Antimonopoly Service (FAS Russia), the “Moscow Integrated Energy Company [Moskovskaya Obyedinennaya Energeticheskaya Kompania]” (“MOEK” OJSC) paid in full the fine imposed upon the company (over 348 million Rubles), reported the press-centre of FAS Russia.

On 25th August 2008, FAS Russia found that “MTK” OJSC and “MOEK” OJSC violated Part 1 Article 11 of the Federal Law “On Protection of Competition”. Also FAS Russia found that “MTK” OJSC violated Part 1 Article 10 and Part 1 Article 14 of the Federal Law “On Protection of Competition”. “MTK” OJSC unreasonably refused to conclude a contract with “Mosenergo” OJSC for transferring heat energy in the part of the volume for “MOEK” OJSC.

“MOEK” OJSC filed a lawsuit to Moscow Arbitration Court attempting to invalidate the FAS Russia’s decision and determination.

On 22nd December 2008, Moscow Arbitration Court dismissed the claim of “MOEK” OJSC on invalidating the FAS Russia’s decision and determination, which on 28th September 2009 was supported by the ruling of the Federal Arbitration Court of the Moscow District.

On 13th January 2011, the Federal Arbitration Court of the Moscow District also confirmed validity of the fine imposed upon “MOEK” OJSC for concerted actions with “MTK” OJSC on the market of heat supply service in Moscow.

In view of a considerable size of the fine and financial standing of the company, FAS Russia granted the petition of “MOEK” OJSC to pay the administrative fine by installments within up to three months.

“The Courts of all instances confirmed legitimacy and reasonableness of FAS Russia’s decision and determination regarding “MOEK” OJSC. We will get actions of “MOEK” OJSC on the market of heat supply services under control to avoid repeating such antimonopoly violations in the future”, said Stats-Secretary Andrey Tsarikovskiy, Deputy Head of FAS Russia.