7 Dec 2009 20:00

Grid co gets lower rate of return for RAB

MOSCOW. Dec 7 (Interfax) - The Russian Federal Tariffs Service (FTS) has set a rate of return on new capital of 11% over a three-year period when the Federal Grid Company (FGC) switches to Regulated Asset Base (RAB) tariffs, the FTS press office said.

The rate of return on "old" capital for the FGC will be 3.9% in 2010, 5.2% in 2011 and 6.5% in 2012.

This rate of return is not as high as the grid company expected: it has said it was counting on 12% for new capital, and, for old capital, 2.5% in 2010, 4.5% in 2011 and 8% in 2012.