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Russian President Vladimir Putin signed the law specifying the procedure of reorganizing RAO UES of Russia
Russian President Vladimir Putin signed the law specifying the procedure of reorganizing RAO UES of Russia. The president signed the federal law on amendments in Article 4 of the federal law on the particularities of the activities of the electric power industry during the transition period and on amendments in some legislative acts of the Russian Federation and recognizing void some legislative acts of the Russian Federation over the enactment of the federal law on power engineering. The State Duma approved the law on September 12, 2007, and the Federation Council approved it on September 19, 2007. The law stipulates the procedure of reorganizing RAO UES of Russia as part of the final stage of structural reforms in the Russian electric power industry. In particular, the law holds that shares of joint stock societies set up during the RAO UES of Russia reorganization are distributed among RAO UES of Russia shareholders in the same way as among shareholders, who voted for the RAO UES of Russia reorganization.
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