Rosseti Volga : Report of the Issuer of issue-grade securities for 12 months of 2023

REPORT OF THE ISSUER OF ISSUE-GRADE SECURITIES

Rosseti Volga, Public Joint-Stock Company

Issuer's code: 04247-Е

for 12 months of 2023

The information contained in this Issuer's report is subject to disclosure in accordance

with the law of the Russian Federation on securities

Issuer's address 42/44, Pervomayskaya street,

Saratov, 410031, the Saratov region, the Russian Federation

Issuer's contact Irina Vladimirovna Kakutina, Head of the Corporate Governance

personand Shareholder Relations Directorate Telephone: [phone]

E-mailaddress:[e-mail]

Webpage:https://www.rossetivolga.ru;http://www.e-disclosure.ru/portal/company.aspx?id=12131

Acting General Director, Deputy General Director for Legal and Corporate Governance Date: April 17, 2024

____________	K. S. Konevets
signature

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	Table of Contents
Table of Contents	2
Introduction	4
Section 1. The Issuer's Management Report	4
1.1. General information about the Issuer and its activities	4
1.2. Information on the Issuer's position in the industry	8
1.3.	Key operational performance indicators characterizing the Issuer's activities	10
1.4. Key financial performance indicators of the Issuer	11
1.4.1. Financial performance indicators calculated on the basis of consolidated financial statements (financial
statements)	11
1.4.2.	Financial performance indicators calculated on the basis of accounting (financial) statements	14
1.4.3.	Financial performance indicators of the credit institution	14
1.4.4. Other financial performance indicators	14
1.4.5. Analysis of the dynamics of changes in the financial performance indicators given in sub-clauses1.4.1-1.4.4 of
this clause	14
1.5. Information on the Issuer's main suppliers	15
1.6. Information on the Issuer's main debtors	16
1.7. Information on the Issuer's obligations	17
1.7.1. Information on the Issuer's main creditors	17
1.7.2. Information on the Issuer's obligations from the security provided	18
1.7.3. Information on other material obligations of the Issuer	18
1.8. Information on the Issuer's development prospects	18
1.9. Information on the risks associated with the Issuer's activities	24
1.9.1. Industry-specific risks	24
1.9.2. Country and regional risks	26
1.9.3. Financial risks	27
1.9.4. Legal risks	29
1.9.5. Risk of loss of goodwill (reputation risk)	31
1.9.6. Strategic risk	31
1.9.7. Risks associated with the Issuer's activities	31
1.9.8. Information security risk	33
1.9.9. Environmental risk	33
1.9.10. Natural and climatic risk	34
1.9.11. Risks of credit institutions	35
1.9.12. Other risks that are material to the Issuer (the Issuer's Group)	35
Section 2. Information on the persons who are members of the Issuer's management bodies, information on the
organization of risk management, control over financial and business activities and internal control, internal audit at the
Issuer's facilities, as well as information on the Issuer's employees	35
2.1. Information on the persons who are members of the Issuer's management bodies	35
2.1.1. Members of the Board of Directors (Supervisory Board) of the Issuer	35
2.1.2. Details of the Issuer's Sole Executive Body	55
2.1.3. Members of the collegial executive body of the Issuer	57
2.2. Information on the remuneration and/or expense allowance policy, as well as the amount of remuneration and/or
expense allowance for each management body of the Issuer	67
2.3. Information on the Issuer's organization of risk management, control over financial and business activities,
internal control and internal audit	70
2.4. Information on the Issuer's persons responsible for organization and implementation of risk management, control
over financial and business activities and internal control, internal audit	83
2.5. Information on any obligations of the Issuer to employees of the Issuer and employees of organizations
controlled by the Issuer regarding the possibility of their participation in the authorized capital of the Issuer	97
Section 3. Information on the Issuer's shareholders (participants, members), as well as on the Issuer's interested-party
transactions and major transactions of the Issuer	98
3.1. Information on the total number of the Issuer's shareholders (participants, members)	98

3.2. Information on the Issuer's shareholders (participants, members) or persons/entities entitled to dispose of votes

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attributable to voting shares (stakes) constituting the Issuer's authorized (share) capital (share fund)	98
3.3. Information on the participation interest of the Russian Federation, a constituent entity of the Russian Federation
or a municipality in the Issuer's authorized capital, the availability of a special right (golden share)	98
3.4. The Issuer's interested-party transactions	99
3.5. Major transactions of the Issuer	104
Section 4. Additional information on the Issuer and securities placed by the Issuer	104
4.1. Organizations controlled by the Issuer that are of material importance to the Issuer	104
4.2. Additional information disclosed by Issuers of green bonds, social bonds, sustainable development bonds,
adaptation bonds	109

4.2.1. Information on the implementation of the project(s) for financing and/or refinancing of which monetary funds received from the placement of green bonds, social bonds, sustainable development bonds, adaptation bonds are used

....................................................................................................................................................................................	109
4.2.2. Description of the Issuer's policy on management of monetary funds received from placement of green bonds,
social bonds, sustainable development bonds, adaptation bonds	109
4.2.3. Report of the use of monetary funds received from placement of green bonds, social bonds, sustainable
development bonds, adaptation bonds	109
4.2(1). Additional information disclosed by Issuers of infrastructure bonds	109
4.2(2). Additional information disclosed by Issuers of bonds related to sustainable development goals	109
4.2(3). Additional information disclosed by Issuers of climate transition bonds	109

4.3. Information on the person(s)/entity(-ies) that provided a collateral for the Issuer's secured bonds and details of

such collateral provided for the Issuer's secured bonds	109
4.3.1. Additional information on the mortgage collateral for the Issuer's mortgage-backed bonds	109
4.3.2. Additional information on cash collateral arrangements for the Issuer's cash-backed bonds	110
4.4. Information on declared and paid dividends on the Issuer's shares	110
4.5. Information on organizations in charge of recording rights to the Issuer's issue-grade securities	113
4.5.1. Information on the registrar maintaining the register of holders of the Issuer's securities	113
4.5.2. Information on the depository performing centralized record of rights to the Issuer's securities	113
4.6. Information about the Issuer's auditor	113

Section 5. Consolidated financial statements (financial statements), accounting (financial) statements of the Issuer ...117

5.1. Consolidated financial statements (financial statements) of the Issuer

117

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Introduction

Basis for the Issuer's obligation to disclose information in the form of the Issuer's

report

The securities prospectus has been registered with respect to the Issuer's securities The Issuer is a public joint-stock company

Information on the statements which (reference to which) are contained in the Issuer's report and on the basis of which the Issuer's report discloses information on the Issuer's financial and business activities:

The report contains a reference to the following types of statements: consolidated financial statements, on the basis of which the Issuer's report discloses information on the Issuer's financial and business activities

The report also contains a reference to the accounting (financial) statements, on the basis of which the Issuer's report discloses information on the Issuer's financial and business activities in the following clauses: 1.3; 1.5; 1.6; 1.7

Information about the Issuer's financial and business activities is reflective of its activities as an entity that, together with other entities, is defined as a group in accordance with IFRS.

The consolidated financial statements on the basis of which information on the Issuer's financial and business activities is disclosed in the Issuer's report give an objective and fair view of the Issuer's assets, liabilities, financial position, profit or loss. Information on the financial position and results of the Issuer's activities contains a fair view of the Issuer's activities, as well as the main risks associated with its activities.

This Issuer's report contains estimates and forecasts regarding future events and/or actions, prospects for the development of the economic sector in which the Issuer carries out its main activities, and the results of the Issuer's activities, its plans, the probability of certain events and certain actions. However, further actual results of the Issuer's activities may differ from the forecasted results for many reasons, thus investors shall not fully rely upon the estimates and forecasts provided in this Issuer's report. The acquisition of the Issuer's securities is associated with risks, including those described in this Issuer's report.

Other information that, in the Issuer's opinion, will be useful for stakeholders in making economic decisions:

In this Issuer's report, Rosseti Volga, Public Joint-Stock Company is also referred to as: Rosseti Volga, PJSC, the Issuer, the Company.

Full corporate name of the Issuer: in Russian - Публичное акционерное общество «Россети Волга», in English - Rosseti Volga, Public Joint-Stock Company; Abbreviated name: in Russian - ПАО «Россети Волга», in English - Rosseti Volga, PJSC.

Section 1. The Issuer's Management Report

1.1. General information about the Issuer and its activities

Full corporate name of the Issuer: Публичное акционерное общество «Россети Волга»

Abbreviated corporate name of the Issuer: ПАО «Россети Волга»

The following corporate name in a foreign language is registered in the Issuer's

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Charter:

The Issuer's corporate name in a foreign language: Rosseti Volga, Public Joint-

Stock Company; Rosseti Volga, PJSC

Location of the Issuer: Saratov, the Russian Federation

The Issuer's address: 42/44, Pervomayskaya street, Saratov, 410031, the Saratov region, the Russian Federation

Information about the form of incorporation of the Issuer: The Company was established on June 29, 2007 in Saratov as a wholly owned subsidiary of RAO UES of Russia, OJSC on the basis of a resolution of the sole incorporator of RAO UES of Russia, OJSC (Order of the Management Board of RAO UES of Russia, OJSC No. 191r dated June 22, 2007) as part of implementation of the decision made by the Board of Directors of RAO UES of Russia, OJSC on participation in IDGC (Minutes No. 250 dated April 27, 2007).

In accordance with the IDGC configuration approved by the resolution of the Board of Directors of RAO UES of Russia, OJSC (Minutes No. 250 dated April 27, 2007), IDGC of Volga, OJSC included the following distribution grid companies (DGC): Volzhskaya IDC, OJSC, Mordovenergo, OJSC, Penzaenergo, OJSC, Orenburgenergo, OJSC, and Chuvashenergo, OJSC.

During the period from June 29, 2007 till March 31, 2008, IDGC of Volga, OJSC ensured operation of the distribution grid companies encompassed by the Company in accordance with the IDGC configuration. Since October 1, 2007, IDGC of Volga, OJSC has been the sole executive body of these companies.

On December 25, 2007, the Management Board of RAO UES of Russia, JSC exercising functions of the extraordinary General Meeting of Shareholders of IDGC of Volga, JSC (Minutes of Meeting No. 1795pr/8 dated December 25, 2007) passed the resolution on the Company's restructuring through affiliation of Volzhskaya IDC, OJSC; Mordovenergo, OJSC; Orenburgenergo, OJSC, Penzaenergo, OJSC and Chuvashenergo, OJSC.

On April 1, 2008, the reorganization of IDGC of Volga, OJSC was completed through affiliation of five distribution grid companies: Volzhskaya IDC, OJSC, Mordovenergo, OJSC, Orenburgenergo, OJSC, Penzaenergo, OJSC, and Chuvashenergo, OJSC. On April 1, 2008, DGCs, which became part of IDGC of Volga, OJSC, ceased their activities as legal entities and began to operate as branches: Mordovenergo, Orenburgenergo, Penzaenergo, Samara Distribution Grids, Saratov Distribution Grids, Ulyanovsk Distribution Grids, and Chuvashenergo.

Since April 1, 2008 to the present, IDGC of Volga, OJSC operates as a single operating company in the territory of 7 constituent entities of the Russian Federation: Chuvash Republic, Republic of Mordovia, Orenburg, Penza, Saratov, Samara and Ulyanovsk regions with a control center in Saratov.

In view of entry into force of amendments to the Civil Code of the Russian Federation (as amended on May 5, 2014) and abolition of closed and open joint-stock companies, the Company changed its form of incorporation: "Interregional Distribution Grid Company of Volga", Open Joint-Stock Company (IDGC of Volga, OJSC) was renamed to "Interregional Distribution Grid Company of Volga", Public Joint-Stock Company (IDGC of Volga, PJSC). New version of the Charter as amended was approved on June 16, 2015 by the annual General Meeting of Shareholders of the Company and registered by Inter-district Inspectorate of the Federal Tax Service No. 19 for the Saratov Region on June 29, 2015.

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Since June 2019, the Company has joined the Uniform Corporate Style Standard of the Rosseti Group of Companies and operates under the Rosseti Volga brand.

On May 29, 2020, the annual General Meeting of Shareholders of IDGC of Volga, PJSC passed a resolution (Minutes No. 17/2020 dated 29.05.2020) to amend the Company's Charter in view of the change of the name of "Interregional Distribution Grid Company of Volga", Public Joint-Stock Company to "Rosseti Volga", Public Joint-Stock Company. Amendments made to the Company's Charter were registered by Inter-district Inspectorate of the Federal Tax Service No. 19 for the Saratov Region on August 4, 2020. The new full corporate name of the Company in Russian: Публичное акционерное общество «Россети Волга» (ПАО «Россети Волга»).

The Issuer's establishment date: 29.06.2007

All previous names of the Issuer within the last three years preceding the end date of the reporting period for which the Issuer's report was prepared

Full corporate name: Открытое акционерное общество «Межрегиональная распределительная сетевая компания Волги» ("Interregional Distribution Grid Company of Volga", Open Joint-Stock Company)

Abbreviated corporate name: ОАО «МРСК Волги» (IDGC of Volga, OJSC)

Date of the name introduction: 29.06.2007

Reason for the name introduction: On June 29, 2007, an entry on the state

registration of "Interregional Distribution Grid Company of Volga", Open Joint-Stock Company was made to the Unified State Register of Legal Entities pursuant to the resolution of the sole incorporator of RAO UES of Russia, OJSC (Order of the Management Board of RAO UES of Russia, OJSC No. 191r dated 22.06.2007) in compliance with the Civil Code of the Russian Federation, Federal Law "On Joint-Stock Companies" and other laws and regulations of the Russian Federation.

Full corporate name: Публичное акционерное общество «Межрегиональная распределительная сетевая компания Волги» ("Interregional Distribution Grid Company of Volga", Public Joint-Stock Company)

Abbreviated corporate name: ПАО «МРСК Волги» (IDGC of Volga, PJSC)

Date of the name introduction: 29.06.2015

Reason for the name introduction: As a result of amendments made to the Civil

Code of the Russian Federation (as amended on 05.05.2014) and abolishment of closed and open joint-stock companies, the Company had to change its form of incorporation: "Interregional Distribution Grid Company of Volga", Open Joint-Stock Company (IDGC of Volga, OJSC) was renamed to "Interregional Distribution Grid Company of Volga", Public Joint-Stock Company (IDGC of Volga, PJSC). New version of the Charter as amended was approved on June 16, 2015 by the annual General Meeting of Shareholders of the Company and registered by Inter-district Inspectorate of the Federal Tax Service No. 19 for the Saratov Region on June 29, 2015.

Full corporate name: Публичное акционерное общество «Россети Волга» ("Rosseti Volga", Public Joint-Stock Company)

Abbreviated corporate name: ПАО «Россети Волга» (Rosseti Volga, PJSC)

Date of the name introduction: 04.08.2020

Reason for the name introduction: On May 29, 2020, the Issuer's annual General

Meeting of Shareholders adopted a resolution (Minutes No. 17/2020 dated May 29, 2020) on amending the Company's Charter in view of the change of the name of "Interregional Distribution Grid Company of Volga", Public Joint-Stock Company (IDGC of Volga, PJSC) to "Rosseti Volga", Public Joint-Stock Company (Rosseti Volga, PJSC). The

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relevant changes made to the Company's Charter were registered by Inter-district Inspectorate of the Federal Tax Service No. 19 for the Saratov Region on August 4, 2020.

There were no re-organizations of the Issuer within the last three years preceding the end date of the reporting period for which the Issuer's report was drawn up

Primary State Registration Number (OGRN): 1076450006280

INN (Taxpayer Identification Number): 6450925977

Brief description of financial and business activities, operating segments and geographical spread of the Issuer's Group's financial and business activities: Rosseti Volga,

PJSC is the largest distribution grid company delivering services in seven regions of the Volga Federal District of the Russian Federation: the Saratov, Samara, Penza, Orenburg, Ulyanovsk regions, the Chuvash Republic and the Republic of Mordovia.

Core business activities include services for electric power transmission and technological connection of power receivers (power plants) of legal entities and individuals to power grids.

The main customers of the Issuer's services are sales organizations: Samaraenergo, PJSC, Saratovenergo, PJSC, Ulyanovskenergo, JSC, Mordovian Power Selling Company, PJSC, Energosbyt Plus, JSC, Chuvash Power Selling Company, JSC, TNS Energo Penza, LLC, as well as consumers - wholesale and retail electric power market entities, the largest of which are Gazpromenergosbyt, JSC and Rusenergosbyt, LLC.

One of the main activities of Rosseti Volga, PJSC is technological connection of power receivers (power plants) of legal entities and individuals to power grids.

Technological connection is a comprehensive service provided by grid companies to all interested parties (applicants) to create a technical capability of consuming electric power and provides for the actual connection of consumer power receivers to the power supply network facilities of grid operators.

The procedure for technological connection of power receivers is determined by the Rules for the technological connection of power receivers of electric power consumers, facilities for the production of electric power, as well as power supply network facilities owned by grid organizations and other parties, to electric grids approved by Decree of the Government of the Russian Federation No. 861 dated 27.12.2004 (as amended)

Brief description of the Issuer's Group:

The Issuer's Group includes the parent company of Rosseti Volga, PJSC together with subsidiaries.

The parent company of Rosseti Volga, PJSC is a modern, innovative, successfully and dynamically growing Company, which occupies a dominant position in the market of electric grid services within the territory where it operates. Provision of power transmission services to consumers is the main source of the Company's income.

This is a single operating company with a responsibility center located in Saratov and managing seven regional branches:

• Samara Distribution Grids,
• Saratov Distribution Grids,
• Ulyanovsk Distribution Grids,
• Orenburgenergo,
• Penzaenergo,
• Mordovenergo,
• Chuvashenergo.

The main activities of Rosseti Volga, PJSC are:

• provision of electric power transmission services;

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• dispatch and operation control;
• technological connection of power receivers (power plants) of legal entities and individuals to power grids.
  Subsidiaries of the Group:

1. CHAK, JSC (100% ownership - 1 share) Key business activities:

• - passenger transportation by motor vehicles, equipped for transportation of more than 8 people;
• passenger transportation by passenger road transport on a fee paid basis;
• transportation of goods by motor vehicles with a carrying capacity of more than
  3.5 tons;
• provision of services to individuals and/or legal entities for provision of motor transport, agricultural and construction machinery, equipment, as well as other motor vehicles, machinery and equipment, for temporary use (lease);
• provision of services to individuals and/or legal entities to provide real estate for temporary use (lease);
• maintenance and repair of motor vehicles.

2. Solnechny Sanatorium-Preventorium, JSC (100% ownership - 1 share) Key business activities:

- medical services;

- organization of active recreation and cultural entertainment for holidaymakers,

holding recreation activities using the health-improving and cold tempering effects of the climate, physical training, mass sports and tourist events;

- organization of children's recreational camps, shifts of a sanatorium type.

3. Energoservice of Volga, JSC (100% ownership) Key business activities:

- instrument-aided structural survey of power facilities;

- performance of design, installation and commissioning works.

In Q4, 2023, Energoservice of Volga, JSC purchased power grids of RUSENERGO,

LLC under sale and purchase agreement No. 2398-000295 dated 16.10.2023 and obtained the status of a local grid operator (LGO) in accordance with Order of the State Tariff Regulation Committee of the Saratov Region No. 49/1-r dated 19.12.2023, under which Energoservice of Volga, JSC carries out electric power transmission activities.

4. Social Sphere-M, JSC (100% ownership) Key business activity:

- providing sanatorium and resort services.

Total number of organizations that comprise the Issuer's Group: 5

Information on governing laws of the organizations that are members of the Issuer's Group:

Not applicable due to the fact that the Issuer's Group does not include nonresident organizations.

Other restrictions related to participation in the Issuer's authorized capital established by its Charter:

None

Other information that, in the Issuer's opinion, is significant for interested parties to get a general idea of the Issuer and its financial and business activities

1.2. Information on the Issuer's position in the industry

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General assessment of the Issuer's Group's financial and operational performance in this industry.

At the end of 2023, the Issuer's Group had a profit of 2,972,193 thousand rubles compared to a loss at the end of 2022 (471,490 thousand rubles). Improvement of the financial result of operations by 3,443,683 thousand rubles was due to the growth of profitability of electric power transmission services as a result of the increase in revenue by 9,512,801 thousand rubles due to the growth of the average tariff by 13.6%, as well as the growth of revenue from technological connection services by 1,008,966 thousand rubles.

According to the grid output ratio between different companies delivering electric power transmission services, Rosseti Volga, PJSC dominates across its footprint.

Major strategic target of Rosseti Volga, PJSC is to provide reliable and steady power supply to power consumers while cutting down on the cost of electric power transmission and ensuring equal access to power grids.

Strategic development of the Company is aimed at building innovative and efficient distribution grid complex that is able to meet the demands of economic growth and social modernization in the regions where the Company operates.

The Company's share in the relevant market segment by the Company's main activities and data on change in this indicator over the last 3 years (%).

Branch		Market share
2020	2021	2022
	%	%	%
Saratov DG	75.39%	76.08%	77.40%
Samara DG	47.04%	46.55%	46.63%
Ulyanovsk DG	55.07%	56.58%	56.83%
Orenburgenergo	67.26%	67.28%	67.57%
Penzaenergo	78.79%	78.82%	80.41%
Mordovenergo	72.14%	72.61%	68.79%
Chuvashenergo	70.68%	74.42%	71.16%

The following major companies carry out similar activities in the territory where Rosseti Volga, PJSC operates:

• in the Samara region: Samara Grid Company, JSC, ORES-Togliatti, JSC, Kuibyshev Directorate for Power Supply - a structural unit of Transenergo - branch of Russian Railways, OJSC, Samaraneftegaz JSC, TransneftElektrosetServis, LLC, Samara Bearing Plant, JSC, Samara Electric Grid Company, LLC;
• in the Saratov region: Oblkommunenergo, JSC, Saratov Enterprise of Municipal Electric Grids (SPGES), CJSC, Independent Power Grid Company (NESK), JSC, Eltreit, LLC, Power Grid Company, LLC, Transport Energy Company, LLC;
• in the Ulyanovsk region: Municipal Unitary Enterprise "Ulyanovsk Municipal Power Grid", Ulyanovsk Grid Company, JSC, Energomodul, LLC, Aviastar-OPE, JSC, Energoprom GROUP, LLC, State Scientific Center - Research Institute of Atomic Reactors (NIIAR), JSC, IES, LLC;
• in the Orenburg region: Gazprom Energo, LLC, OKES State Unitary Enterprise, South-Ural Directorate for Power Supply - a structural unit of Transenergo - branch of Russian Railways, OJSC, Gaisky MPP, PJSC, Oboronenergo, JSC, Terra, LLC;

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• in the Penza region: Penza Gorelektroset, CJSC, Kuibyshev Directorate for Power Supply - a structural unit of Transenergo - branch of Russian Railways, OJSC, Federal State Unitary Enterprise Federal Scientific and Production Center Production Association Start named after M. V. Protsenko, Gorelektroset, JSC (Kuznetsk), Grid Company, LLC, PTPA, JSC, EnergoPromSet, LLC;
• in the Republic of Mordovia: "Watt" Technical Firm, JSC, Life Support Systems of the Republic of Mordovia, LLC, Elektroteploset, LLC, Mordovian Power Grid, JSC;
• in the Chuvash Republic: MUE "Cheboksary Municipal Power Grids", Kanash
  Municipal Power Grids, OJSC, Cheboksary Production Association named after
  V. I. Chapaev, MUE KS of Novocheboksarsk, MUE Alatyr Municipal Electric Power Grids, SK Olymp LLC, EnergoSetRemont, LLC.
  The Company's activities cover 7 regions with a total area of 403.5 thousand square kilometers, which is home to more than 12 million people. The service of technological connection is provided to Applicants in the Saratov, Samara, Penza, Ulyanovsk and Orenburg regions, as well as in the Republics of Chuvashia and Mordovia. The cost of the service is approved by the regional tariff regulatory authorities.

1.3. Key operational performance indicators characterizing the Issuer's

activities

Operational performance indicators

Indicator description	Unit of	2022, 12 months	2023, 12 months
measurement
Receivables (including allowance	million rubles	7,377	5,802
for doubtful debts), i.a.:
for electric power transmission

The total amount of receivables for electric power transmission services rendered by Rosseti Volga, PJSC, the debt (including allowance for doubtful debts) as of 31.12.2023 amounted to 5,802 million rubles, as of 31.12.2022 - 7,377 million rubles.

This reduction is due to payment of overdue receivables, i.a. for counterparties: Ulyanovskenergo, JSC (the Samara region) by 64 million rubles as part of claim-related activities; Oboronenergosbyt, JSC by 6 million rubles as part of court enforcement proceedings; Chuvash Power Selling Company, JSC by 452 million rubles as part of the concluded debt restructuring agreement; RT-ET, LLC by 72 million rubles as part of the concluded debt restructuring agreement; Energokapital-sbit, LLC by 206 million rubles by reversing the debt under the court decision; Khimprom, PJSC by 737 million rubles by repaying the disputed debt in full, while continuing to protect their rights in cases that did not pass all court instances.

The Company takes the following measures in relation to overdue receivables:

• submission of a claim to the service consumer;
• collection of debt (settlement of disagreements) through judicial procedures;
• collection of debt on the basis of a writ of execution;
• conclusion of a debt restructuring agreement and control over its execution;
• control over the priority established by the law of the Russian Federation for discharging creditors' claims with regard to current payments;
• assignment of the right to claim the debt;
• offset of counter claims of the same kind.

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