OJSC Kubanenergo
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Glossary

Abbreviations and Terms

AMIS EPFA   Automated measuring and information system for electric power fiscal accounting.
AEPCAS   Automated electric power control and accounting system.
OHTL   overhead transmission line.
FOCL   fiber optic communication line.
Shortfall in income due to granting connection allowance to consumers of up to 15 kW   regulated entity’s shortfall in income resulted from the difference of actual grid connection charges from reduced payment for the grid connection as established by applicable law.
Default (Power) Provider   a commercial entity that is bound, according to Federal Law No. 35-FZ dated 3/26/2003 “On Electric Power Sector” or by virtue of voluntarily assumed responsibilities, to enter into the power purchase agreement with any applying electricity consumer or any person acting for and on behalf of any electricity consumer and willing to purchase electric power.
GTPP   gas turbine power plant.
S&A   Subsidiaries and Affiliates of the Company or JSC Russian Grids.
UNEG   the Unified National (All-Russian) Electric Grid.
ISG   any switchgear with its equipment installed indoor, or secured from any contact with environment by means of special purpose shrouds.
CL   cable power line.
Required “Boiler” Gross Proceeds   an economically feasible amount of funds required by an organization to perform regulated activities during an accounting regulatory period, taking into consideration any costs incurred for the payment of the services rendered by territorial grid companies, FGC UES, as well as for the purchase of electric power needed to compensate for losses.
“Boiler” Transmission Tariffs   all-in power transmission tariffs graded by the voltage level applicable within the area of the Krasnodar Region and the Republic of Adygeya for all consumers of the power transmission services, irrespective of which grid company’s grids they are connected to.
ECSG   external complete switchgear, i.e. an electric installation designed to collect and distribute electric power.
ELT   electric transmission line.
RAB (Regulatory Asset Base)   a tariff regulation method for distribution grid companies, according to which required gross proceeds taken for the calculation of the tariffs shall be determined through the return on investment and shall be imposed for a long-run period. One of the key RAB parameters is imposed tariffs’ longevity, recoverability of investment, which reduces investors’ risks and allows executing long-term loans. Furthermore, the method secures preservation of investment, which also encourages investing in the business. At the same time, RAB implies fair return on investment made in the regulated company comparable with return on investment made in other assets with similar risks.
Undersupply   undesupply of electric power to consumers due to the power grid operating failure.
Non-Influenceable Costs   any costs free of any influence, that would not change upon administerial decisions of the Company management within given period of time. Non-Influencable Costs, inter-alia, include: purchased electricity intended for the compensation for losses; grid distribution companies’ services; services rendered by FGC UES; wear and tear; leasing; taxes, including, but not limited to, insurance payments; rent.
R&D   Research and development, as well as engineering.
OJSC Kubanenergo, Company, Issuer   the Open Joint-Stock Company of Power Industry and Electrification of the Kuban Region.
Scope of Services Rendered   the amount of the electric power transmitted through the technical facilities of the power grids owned by OJSC Kubanenergo or otherwise possessed by it in compliance with the laws of the Russian Federation.
Olympic Venues    for the purposes of this document, shall mean power distribution facilities of federal significance specified in the Program of Construction of Olympic Venues and Development of Sochi as a Mountain Climate Resort approved by the Decree of the Government of the Russian Federation No. 991 of 12/29/2007 (as amended).
OSG   outdoor switchgear, i.e. an electric facility designed to collect and distribute electric power, with power conductors installed open-air without any protection from the environmental exposure.
Supplies to the Grid   the amount of the electric power collected by the distribution grid through the supply points from the Unified National Power Grid, from the generation and other related systems, realized by the voltage level against the inventory responsibility interface.
AR   Accounting Regulations.
Influencable Costs   any costs exposed by the management of the Company.
 Net Supplies   the amount of the electric power transmitted (supplied) by the distribution grids through the power supply points controlled by consumers and/or downstream grid companies, realized by the voltage level against the inventory responsibility interface. It corresponds to the physical electric power transmission by the power grids.
Electric Power Losses:  
Actual (Reported) Electric Power Losses   the difference between the amount of the electric power supplied to the power grid from other grids or by electric power producers and the amount of the electric power consumed by the power receivers connected to this grid, as well as transmitted to other grid companies.
Reference Electric Power Losses   estimated amount of losses determined by a competent federal executive authority in relation to any cluster of electric transmission lines and other power grid facilities owned by respective grid company, graded by the grid voltage level. The cost of Reference Electric Power Losses shall be included in the transmission payment (tariff).
Excessive (Market) Electric Power Losses   the difference between Actual and Reference Electric Power Losses; it shall be fully paid by the grid company that owns the grids where the Excessive Electric Power Losses occurred.
Electric Power Losses Under Load   the losses that depend on transformer loads and line loads arising during the transmission process. 
SS   Substation.
PGDA   Power Distribution Grid Areas within OJSC Kubanenergo branches comprised of several grid sites and the following teams: operative dispatching team, mechanization and transportation team, electric power transport team, and operating management team (performing via the PGDA Leader).
RAS   Russian Accounting Standards.
REC-PTD KT   Regional Energy Commission - Pricing and Tariff Department of the Krasnodar Region, i.e. an executive authority of the Krasnodar Region in the field of the state regulation of tariffs.
PGA   Power Grid Areas within OJSC Kubanenergo branches.
Grid Company, Distribution Grid Company   a Company that performs electric power transmission and/or distribution through power grids.
SSIW   self-supporting insulated wire. 
PTIMS   the power transformer insulation monitoring system.
Related Grid Company   any grid company that owns or otherwise legally possesses power grid facilities directly connected to power grids of any other grid company (it is related to).
Mass Media   mass communication media.
Required In-House Gross Proceeds of the Company   an economically feasible amount of funds required by an organization to perform regulated activities during an accounting regulatory period, without taking into consideration any costs incurred for the payment of the services rendered by territorial grid companies, FGC UES, as well as for the purchase of electric power needed to compensate for losses.
Average Staff Headcount   shall be determined by summing headcount for each calendar day of the period, including public holidays (days-off) and weekends, and dividing the total sum by the quantity of calendar days of the period. 
Staff Headcount   the number of full time employees, seasonable employees, temporary employees and other employees on the rolls of the company. The Staff Headcount comprises of the employees at work and those who are absent due to whatever reason but have not terminated their employment agreements with the company, and get wages in this company.
Technical Losses   electric power losses on the lines and the grid facilities resulting from any physical processes occurring during electric power transmission in accordance with technical parameters and operating modes established for such lines and facilities, taking into consideration substation in-house power consumption.
Process Upset   unauthorized power grid disturbance.
TSS   Transforming Substation.
Technological Connection   the connection of any entity’s and person’s power receivers (power systems) to power grids of the companies that render electric power transmission services.
TGC   territorial grid company, i.e. any commercial entity that owns or otherwise, in compliance with the federal law, possesses power grid facilities used by such company in order to render electric power transmission services and duly perform the connection of any entity’s and person’s power receivers (power systems) to service, and that exercises its right to enter into electric power transmission agreements through any power grid facilities not pertaining to the Unified National (All-Russian) Power Grid.
TPP   Thermal Power Plant.
Feeder   the power line connecting the busbars of the switchgear with distribution and consumer electrical grids fed by these busbars.
Power Supply Center   substation busbars for 110, 35, 6/10 kV.
EBITDA  (Earnings before Interest, Taxes, Depreciation and Amortization) an indicator equal to the amount of earnings before the payment of taxes, depreciation and amortization expense, and interest on loans.
ROE   (Return On Equity) a performance indicator representing a quotient of the division of the net profit obtained in the period by equity of the organization.
ROTA   Return on Total Assets; it is a performance indicator determined as quotient of net profit (or profit before tax) for the reported period by the total amount of the company’s assets for the reported period.

Units of measurement

VA   volt-ampere
 watt
yr.   year
yrs.   years
Gcal   gigacalorie
kV   kilovolt
kVA   kilovolt-ampere
kW   kilowatt
kWh   kilowatt hour
km   kilometer
kop.   kopecks
 meter
MVA  megavolt-ampere
MW   megawatt
mln   million
bln   billion
RUB   Russian Ruble
% point percentage point
 second
d.   days
 ton
thou   thousand
 hour
ppl.   people
pcs.   pieces