MOEK

The company was established by order of the Government of Moscow dated November 11, 2004, issued as part of an agreement on cooperation in reforming the Moscow electric power complex, concluded with RAO UES of Russia and the Moscow Regional Energy Commission. By agreement, the city obtained the rights to controlling stakes in the Moscow electric grid and heat grid companies separated from Mosenergo in the course of the industry reform.

During the reform of the company in 2009, 18 branches were formed. Ten of them (by the number of administrative districts) are operational and serve consumers within the districts, eight are specialized (Gorenergosbyt, Teploenergoservice, Energokomplekt, Transportny, Sotsialno-household, Repair and Construction) , "Information Technology Center", "Capital Construction and Reconstruction").

The relations between the main suppliers in the Moscow heat supply market - Mosenergo (controlled by Gazprom) and MOEK - were characterized as conflicting, however, in the spring of 2012, a number of agreements were reached that helped normalize relations both in matters of mutual payments and MOEK's debt to Mosenergo (as of March 2012, it amounted to 13 billion rubles.), and in matters of fixed assets (it was supposed to transfer several boiler houses of MOEK to Mosenergo in exchange for 300 km of heating systems) ^[2] .

In 2012, a merger with the Moscow Heating Network Company was approved; it is planned that an additional issue of the company's shares will be carried out to complete the transaction ^[3] .

Until August 2013, 89% of the company's shares belonged to the Moscow Government. On August 13, 2013, the company was sold to Gazprom at an auction. The only competitor of the gas monopoly did not actually participate in the bidding, therefore, the city block of shares was sold for a starting price of 98.6 billion rubles. ^[1] Director of the Institute for Energy Policy Vladimir Milov suggested that a hasty sale of the company to Gazprom would result in the Moscow budget not getting enough revenue, underfunding urban infrastructure and social programs, and also cause tariffs to rise for consumers ^[4] .

The company serves 96% of the population of Moscow, as well as hundreds of enterprises and organizations.

MOEK serves 226 thermal stations with a total capacity of 17,529.2 Gcal / h, as well as 8 electric energy production facilities, including 6 gas turbine power plants, 1 mini-CHP and 1 energy complex with a total electric capacity of 193.3 MW and a thermal capacity of 130, 8 Gcal / h The company provides with heat and hot water more than 70 thousand buildings, of which 32.6 thousand are residential buildings. The length of the networks on the company's balance sheet is about 16.3 thousand kilometers.

The shareholders of the company are (as of August 2013) PJSC Gazprom (89.98% of the authorized capital), LLC MOEK-Finance (3.32%), other shareholders (6.70%) ^[1] .

In October 2013, Gazprom Energoholding increased its stake in Moscow United Energy Company to 98.7% by consolidating the assets of the MOEK-Finance division, which owned 8.9% of the MOEK.

• Company official website