- Business
- Rosseti, Public Joint Stock Company (PJSC Rosseti) serves as Russia's largest electricity transmission and distribution grid operator, managing an extensive network spanning over 2.1 million kilometers of power lines at voltages from 0.4 kV to 220 kV; it provides core services including electricity transmission, distribution to residential, commercial, industrial, and agricultural consumers, grid connection for new customers and distributed generation sources such as solar and wind power, technological connection services, energy loss reduction programs, and consulting expertise on grid management and energy policies. The company operates through 43-45 subsidiaries and affiliates, notably 11-18 interregional distribution grid companies (IDGCs) and regional distribution grid companies (RDGCs) like Rosseti Moscow Region, Rosseti Centre, Rosseti South, and Rosseti Centre and Volga region, covering 69 constituent entities across all regions of Russia. Founded in 2008 from the reorganization of RAO Unified Energy System (RAO UES), PJSC Rosseti maintains headquarters in Moscow, with the Russian government as its controlling shareholder holding approximately 53.69% stake via the Federal Agency for State Property Management; it employs around 230,000-235,000 people and supports national energy security through investments exceeding RUB 583.6 billion planned for 2023-2024 to maintain grid reliability. Recent developments include the completion of a merger between subsidiaries Rosseti Yug and Rosseti Kuban, enhancing operational efficiency in southern Russia; strong performance in 2024 sustainability rankings, leading in carbon footprint, social efficiency, and corporate responsibility metrics; and government utilization of Rosseti dividends to bolster domestic industry support.