- Business
- Public Joint-Stock Company Federal Grid Company of Unified Energy System (FEES.L), now operating as PJSC Federal Grid Company-Rosseti following a major reorganization, develops, operates, and manages Russia's Unified National Electric Grid (UNEG). The company provides electricity transmission services to regional distribution companies, retail electricity suppliers, and large industrial enterprises; technological connection services to participants in the wholesale electricity and capacity market; grid maintenance, development, and supervision across 78 to 82 Russian regions; and related services including equipment installation, repair, and electricity sales. It oversees approximately 149,000 kilometers of transmission lines and transformer capacity of around 352 GVA, serving as a critical natural monopoly in the electric utilities sector.
Founded in 2002 and headquartered at 5A Akademika Chelomeya Street in Moscow, Russia, the company functions as a subsidiary within the PJSC Rosseti group, targeting wholesale market participants, major electricity consumers, generation facilities, and government authorities throughout Russia with no significant international operations noted.
In a significant strategic shift completed in 2023, PJSC Federal Grid Company of Unified Energy System underwent an intragroup merger with its parent PJSC Rosseti, JSC Far East Energy Management Company - UNEG, JSC Tomsk Trunk Grids, and JSC Kuban Trunk Grids, resulting in a name change to PJSC Federal Grid Company-Rosseti and the creation of a unified state-owned power grid complex managing 2.56 million kilometers of lines and 877 GVA capacity across 82 regions. This restructuring, approved by shareholders in September 2022 and effective from January 2023, aimed to enhance efficiency, consolidate governance, and increase market share to 72.6% in electricity transmission services while integrating additional UNPG assets from regions like Crimea, Krasnoyarsk Territory, and Irkutsk.