On October 8, 2009, a meeting of the Board of Directors of Interregional Distribution Grid Company of Volga Joint-Stock Company was held in Moscow under the chairmanship of the Deputy General Director - Technical Director of IDGC Holding, JSC Mr. Pavel Oklei. The Board of Directors considered the reports of IDGC of Volga, JSC, on the course of the Company preparing to work during the 2009/2010 winter period, on execution of the business-plan for the 2nd quarter and 1st half of 2009, and on implementation of the investment program for 2nd quarter and 1st half of 2009.

The preparation to the winter maximum of consumption is carried out according to schedules; the planned repairing program for the first half of 2009 has been executed by 102%. During six months of the current year, implementation of the investment program of IDGC of Volga, JSC, has exceeded the target values by 1.9%. The total capacity put into operation is equal to 74.6 MVA, and the total length of power transmission lines is equal to 84.1 km. The plan of capital investments for the 1st half of the year Has been executed by 101.9%, including the plan of capital investments in new construction and expansion - by 106.2%. The plan of putting fixed assets into operation, concerning modernization and reconstruction, for the 1st half of 2009 has been executed by 100.6%.

Despite of the general tendency to reduction in consumption of electric power in the regions of responsibility of IDGC of Volga, JSC, profitability of the company has exceeded the expected level. The Board of Directors has positively estimated the Company's activity in the reporting period.