For the first time the meeting of the committee will take place in the form of the joint presence.

First of all the Strategy and Development Committee meeting will be headed by Andrey Lukin, Committee Head in the form of the joint presence.

Besides the listening of the reports f the top managers of IDGC of North-West on implementation of the business plan and the investment program of the Company for 2 quarter and 6 months of 2009 the members of the committee plan to determine the priority goals of the company’s activity concerning the issue of the transition to regulation of the tariff for transmission services by means of RAB (Regulated asset base). The speaker is Olga Makarova, Economy and Finances Deputy General Director of IDGC of North-West. During the committee meeting the members of the Strategy and Development committee consider 5 issues.

Note:  Regulated asset base (RAB) or the regulated base of the used capital – the amount set up with the purpose of the tariffs regulation reflecting the market cost of the Company’s assets considering their physical wear off.

RAB-regulation is the system of the tariff formation on the basis of the long term regulation of tariffs directed to the attraction of the investments for construction and modernization of the grid infrastructure and increase of the productivity of works of the electric grid organizations.

The main goal for transition to the new method of regulation is to create the conditions for attraction of the investments necessary for the development of the grid complexes.