17 Years Together with the Country
2007
The history of PJSC Rosseti South began in 2007, when OJSC IDGC of the South was established based on a decision by its sole founder, OJSC RAO UES of Russia.
Later, the Management Board of OJSC RAO UES of Russia, acting as an extraordinary General Meeting of Shareholders of the Company (as well as the General Meetings of Shareholders of five distribution grid companies (DGCs): OJSC Astrakhanenergo, OJSC Volgogradenergo, OJSC Kubanenergo, OJSC Rostovenergo, and OJSC Kalmenergo), decided to reorganise the companies by merging the DGCs into the Company. In March 2008, records were made in the Uniform State Register of Legal Entities on winding-up four out of five DGCs affiliated to the Company (OJSC Astrakhanenergo, OJSC Volgogradenergo, OJSC Rostovenergo, and OJSC Kalmenergo). Since then, the Company has been operating as a single operating company.
Until December 2010, the Company acted as the sole executive body of OJSC Kubanenergo.
From September 2014 to March 2019 (in conformity with the agreement on the transfer of powers of the sole executive body to the managing company), the Company acted as the sole executive body of JSC Donenergo.
In April 2018, the Company took over the management of the entire power grid system in Volgograd. Rosseti South acquired 100% of shares of PJSC VMES, a power grid company that supplied electric power to Volgograd’s consumers. Today, JSC VMES is a subsidiary of PJSC Rosseti South, having significantly increased its share in the market for electricity transmission services in the Volgograd Oblast.
In November 2019, the shareholders of the Company decided to rename the Company to Public Joint Stock Company Rosseti South (PJSC Rosseti South). The renaming procedure was completed in February 2020.
Present time
Currently, PJSC Rosseti South operates in the Astrakhan, Volgograd, and Rostov Oblasts, as well as the Republic of Kalmykia.
A more detailed history of the Company is available on the Company’s official website at https://rosseti-yug.ru/o-kompanii/