Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Federal Grid Retreats on Lower-Than-Expected 2012-2014 Tariffs

Federal Grid Co. dropped after Russia’s high-voltage power transmission monopoly said the government will raise prices the state company charges less than forecast.

Federal Grid fell 3 percent to 22.28 kopeks by 1:03 p.m. in Moscow, the biggest decliner on the Micex Index and the steepest intraday drop since May 18. The shares have retreated 21 percent this year. The Micex lost 0.2 percent today to 1,295.37.

Russia’s Federal Tariff Service has confirmed an 11 percent increase in Federal Grid power tariffs under the so-called regulatory asset base, or RAB, starting July 1, the company said today in a statement. Rates will rise 9.4 percent in July 2013 and by the same amount the following year, according to the statement.

“The proposed tariff hikes are significantly below the previous tariff proposal, which stipulated growth of 26-27 percent,” UralSib Capital analysts led by Matvey Taits said in an e-mailed report today. “We estimate that the company could lose 13 percent of the 2012-14 earnings before interest, taxes, depreciation and amortization forecast by us. The lower-than-expected tariffs jeopardize the implementation of the capex program.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.