OJSC Territorial Generating Company (OJSC TGC-2) has been awarded with a memorable badge for making its debut in a Social Report Contest. For the first time the Company presented its Social Report on the Russian "Best Social Report/Best Sustainable Development Report" contest. Apart from TGC-2 other Russian and international candidates have taken part in the competition together with 7 companies, which are or were the part of RAO UES of Russia Holding.

The award was set up in 2006 within the framework of European Sustainability Reporting Awards (ESRA) serving as incentive for Russian companies to present most thorough social reports. The criteria established by the ESRA moderators have laid the basis for the assessment of the candidates in a given contest.

In 2007 the high rank of the Russian Awards was provided for not only by participation of the leading Russian companies, but also by the Economic Policy, Business, and Property Committee of the Council of Federation supervising the event. Comoderators of the Russian Awards included the official auditor of the assessment process - PricewaterhouseCoopers, Expert Rating Agency, The Institute of Professional Accountants (IPA) and the State University - Higher School of Economics (HSE).

TGC-2 Deputy Director General for Development and Corporate Governance Valery Ermakov noted that working on the Social Report and participation in such event had become a valuable experience for the Company. According to Mr. Ermakov TGC-2 is determined to continue improving management process and increasing its Information Transparency.

Company profile
Territorial Generating Company #2 was established on February 2005. Director General is Andrey Vagner. TGC-2 facilities incorporate generating enterprises of six regions - Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl.
TGC-2 operates as a united company since July 1, 2006. The Target structure shaping was completed on May 3, 2007 after merging with Arkhangelsk Generating Company.
The Company operates 16 CHPPs, 10 boiler plants, 4 heat network enterprises (excluding leased assets). TGC-2 aggregated installed electric capacity is 2582.5 MW; installed heat capacity is 12,471 GCal/h.
OJSC TGC-2 registered capital amounts to RUB 11,124,968,918 and 18 kopeck. It is divided into 1,095,996,358,137 common shares and 500,553,681 preferred shares with par value of RUB 0.01. TGC-2 major shareholder is RAO UES of Russia, which owns 49.36 % of shares.