RAB-regulation

Permenergo was transited to RAB on 01.01.2009, Sverdlovenergo and Chelyabenergo were transited on 01.01.2011. Long-term regulation parameters, approved for our branches prior to 01.01.2011, are presented below:

Permenergo

  2009 2010 2011
Basic operating expenses, RUR mln. 3 889 5 028 5 363
Operating cost index, % 1% 1% 1%
iRAB, RUR mln. 21 011 - -
Net capital, RUR mln. 455 455 455
Rate of return on old capital, % 6% 9% 12%
Rate of return on new capital, % 12% 12% 12%
Payback period, years 35 35 35

Sverdlovenergo

  2011 2012 2013 2014 2015
Basic operating expenses, RUR mln. 2 816 2 955 3 088 3 236 3 387
Operating cost index, % 1% 1% 1% 1% 1%
iRAB, RUR mln. 20 779 21903 24321 28 084 33037
Net capital, RUR mln. 1 117 1 447 1 700 1 844 1 986
Rate of return on old capital, % 6% 9% 11% 11% 11%
Rate of return on new capital, % 12% 12% 11% 11% 11%
Payback period, years 35 35 35 35 35

Chelyabenergo

  2011 2012 2013 2014 2015
Basic operating expenses, RUR mln. 2 706 2 835 2 967 3 105 3 250
Operating cost index, % 1% 1% 1% 1% 1%
iRAB, RUR mln. 15 389 15 983 17 141 18 868 21 762
Net capital, RUR mln. 403 509 603 748 680
Rate of return on old capital, % 6% 9% 11% 11% 11%
Rate of return on new capital, % 12% 12% 11% 11% 11%
Payback period, years 35 35 35 35 35

Our large-scale long-term investment program is approved as follows

  2010 2011 2012 2013 2014 2015
Total investment, RUR mln. 4 440 6 811 10 118 13 342 15 947 17 562
Growth, % - 53.4 48.56 31.86 19.5 10.13

Investment influx is required for connection and update of worn-out equipment, construction of new objects and reconstruction of obsolete ones.