RAO UES [SEP] dissolved or abolished
(by July 1, 2008).
This reorganization was seen as a massive privatization of the power industry, with the goal of attaining about US$79 billion in investments. As a result, RAO UES ceased to exist after its merger into UES FGC, a Federal Grid Company. Altogether, six wholesale generation companies (WGC), 14 territorial generation companies (TGC), RusHydro, FGC UES (Federal Grid Company), SO-CDA (System Operator), IDC Holding, RAO ES of the
the transmission system operator, Federal Grid Company, (or, RAO FGC, the current successor of RAO UES and the operator of Russia's wide area transmission network) and the system operator of the Centralized Dispatching Administration (OAO SO-CDA). The first head of the company was Anatoly Dyakov, who held the positions of President and Chairman of the Directors Council.
On May 30, 1997, shareholders abolished the position of President and appointed a Chairman of the Board, Boris Brevnov, who was a personal friend