Rosseti has completed the second stage of switching to a single brand architecture in 22 presence regions, including Moscow and Saint Petersburg, the company informed.
The corporate renaming procedure has been completed for Rosseti Moscow region, Rosseti Lenenergo, Rosseti Siberia, Rosseti Volga and Rosseti Kuban.
Previously, Rosseti Tyumen, Rosseti South and Rosseti North Caucasus underwent the name change in 14 regions of their operation.
The change in the companies' names will not entail any changes in their rights and obligations in respect of their customers and business partners.
ROSSETI operates one of the world's largest power grids. It manages 2.37 million km of power lines, 517,000 substations with a transformer capacity of more than 802 GVA. In 2019, net electricity supply to consumers reached 763 billion kWh. ROSSETI's headcount reaches 217.5 thousand people. The company exercises control over 88 organizations operating in 80 federal subjects of Russia, including a bulk power grid company and 15 interregional distribution grid companies. The company's controlling shareholder is the Government of Russia represented by the Federal Agency for State Property Management (Rosimushchestvo) which owns an 88.04% equity stake in ROSSETI.
