OREANDA-NEWS. August 27, 2012. Annual General Shareholders Meeting JSC “TGC-2” took place on in Yaroslavl.

According to the results of voting the Report about Company activity and the accountancy for 2011 were approved.

It was also decided not to distribute the profit, including dividend payment because of the absence of clear profit according to the results of financial year 2011.

Annual General Shareholders Meeting elected the Board of Directors of the Company expands 9 members. They are Vladlen Alexandrovich, Alexey Bobrov, Nikolay Bogachuk, Alexander Branis, Anatoliy Brenchagov, Tatiyana Zatsepina, Andrey Korolev, Alexey Sergeev and Denis Spirin.

The Company’s Revision Commission was also determined, and the Company’s auditor – PricewaterhouseCoopers.

Public JSC Territorial Generating Company # 2 (TGC-2) was established by the RAO UES of Russia resolution on February 25, 2005. The Company passed the State registration procedures on April 19, 2005. The shaping principle of TGC-2 is merger with the Regional Generating Companies, which were established as a result of AO-energo reform.

TGC-2 is a leading heat and power company in the Northern and Northwest parts of Russia. The Company activities cover heat and power production as well as sale of heat (steam and hot water) to consumers. TGC-2 comprises generating capacities of 6 regions - Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl. TGC-2 operates 15 heat CHPPs, 11 boiler-houses, 5 enterprises of heat pipelines. The aggregate installed electric capacity of TGC-2 enterprises is 2532,5 MW, the aggregate installed thermal capacity constitutes 11658,833 Gcal/h.