Source Pravda.Ru

RAO UES head on role of state in regulating energy industry

An increase of the state's role in the regulation of the electrical energy industry is a positive point, CEO of RAO UES Anatoly Chubais said at parliamentary hearings at the Russian Federation Council devoted to reforming the industry. He pointed out that bills on reforming the electrical energy industry, prepared for the second reading at the State Duma, did not contain final terms of increasing the state share in the authorized capital of the federal network company and the system operator from 51 percent to 75-100 percent. "This will eliminate the possibility of profiteering while increasing the state share", Chubais believes.

"On the whole, the amount of common sense has been preserved while passing bills on reforming the electrical energy industry form the first to the second reading", he stressed. The CEO of RAO UES also emphasized that the actual reforming of the electrical energy industry in Russia was underway. A system operator and a federal network company have been created; the administrator of the trade system is completing trade simulation. At the same time, he expressed concern about the further passing of the bills at the State Duma. "It is good if legislators keep pace with life; there is a threat that they are behind it", Chubais concluded.

© &to=http://www.rbc.com' target=_blank>RBC

Comments
Ukraine and PMC Blackwater to poison Donbass with radioactive waste
Ukraine dreams of what it can do to Crimea after winning war with Russia
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Who loses and wins most from Caspian Sea division
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Russians tired of Putin's foreign policy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Why Russia continues investing in US public debt
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Who loses and wins most from Caspian Sea division
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea
Russia's pension reform to split Putin's majority in Navalny's favor
Russia's pension reform to split Putin's majority in Navalny's favor