RESOLUTION OF THE NATIONAL COMMISSION ON QUESTIONS OF REGULATION OF POWER INDUSTRY OF UKRAINE

of June 13, 1996 No. 15/1

About approval of Conditions and Rules of implementation of business activity on delivery of electrical energy on regulated rate

According to the Presidential decree of Ukraine of March 14, 1995 No. 213/95 the National commission on questions of regulation of power industry of Ukraine

DECIDES:

Approve Conditions and Rules of implementation of business activity on delivery of electrical energy on regulated rate (are attached).

Approved by the Resolution of the National commission on questions of regulation of power industry of Ukraine of June 13, 1996 No. 15/1

Conditions and rules of implementation of business activity on delivery of electrical energy on regulated rate

1. General provisions

1.1. Conditions and Rules of implementation of business activity on delivery of electrical energy on regulated rate (further - Conditions and Rules) are developed according to the Laws of Ukraine "About entrepreneurship", "About power industry", "About natural monopolies"

1.2. If any of provisions of these Conditions and Rules voids, it is excluded from Conditions and Rules, and the others remain acting.

1.3. The license cannot be transferred to the third parties.

1.4. In Conditions and Rules such determinations are used:

The licensee the subject of business activity registered in accordance with the established procedure which obtained the license for delivery of electrical energy on the regulated rate and shall comply with licensed conditions and carry out decisions of NKRE.

Licensed Activities which are connected with delivery activities of electrical energy for regulated rate for which implementation the licensee acquired the right from NKRE.

The license the single document of allowing nature which is issued to NKRE and grants the right to implementation of the certain type of business activity specified in it during fixed term.

Related and) any company, which directly or the company mediately, fully or partially (it is at least 25 percent): owns particles (shares, shares) of authorized fund or assets (property) of other subject of business activity; manages particles (shares, shares) of authorized fund of other subject of business activity; uses on a leasehold basis assets (property) of other subject of business activity; b) any company: particles (shares, shares) of authorized fund or assets (property) of which directly or mediately, fully or partially (it is at least 25 percent) stay in property of other subject of business activity; particles (shares, shares) of which authorized fund directly or mediately, fully or partially (it is at least 25 percent) stay in management of other subject of business activity; assets (property) of which directly or mediately, fully or partially (it is at least 25 percent) stay in use on a leasehold basis of other subject of business activity; c) any company connected with the licensee or with one of the companies specified in subitems and), b) this determination, the control relations according to article 1 of the Law of Ukraine "About protection of the economic competition".

Cross Funds transfers or expense allocation in subsidy limits of one company or between the related companies for financial support of one company or type of activity at the expense of another.

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