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Court declares Federal Grid Company competition law infringer

13:20 17/01/2012

MOSCOW, January 17 - RAPSI. A federal commercial court has confirmed the validity of the antitrust watchdog's resolution declaring the federal grid in breach of the competition law, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

The antimonopoly service resolved in December 2010 that the Federal Grid Company of Unified Energy System violated the Competition Law by evading contract conclusion with Gazprom Energo giving no sound economic or technological reasons.

Under the Power Engineering Law the owners and other legitimate holders of power grid facilities referred to the national network must transfer them to the federal grid for management.

According to the grid company "the draft contract proposed by Gazprom Energo did not indicate an approved power transmission tariff, although such tariff is a substantial contractual condition."

The Federal Grid Company was established in 2002 as part of the national power engineering reform. Pursuant to the reform concept it controls trunk power transmission lines.

Gazprom Energo manages Gazprom's 16,000 electric power -, thermal power-, water-supply and drainage facilities.

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Court declares Federal Grid Company competition law infringer

13:20 17/01/2012 A federal commercial court has confirmed the validity of the antitrust watchdog's resolution declaring the federal grid in breach of the competition law.
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