FSK YeES OAO (Federal�naya Setevaya Kompaniya Edinoy Energeticheskoy Sistemy OAO) is a Russia-based company, which is engaged in the transmission, control and distribution of electric energy. Its scope of activities includes managing all-Russia power grid, rendering services to the entities of wholesale market of electric energy transmission, investment activity in the field of power grid development, necessary maintenance of power network, as well as technical supervision of power grid facilities. The Company operates through numerous branches, subsidiaries and affiliated companies, located on the territory of the Russian Federation. As of December 31, 2011, the Company�s major shareholder was the Federal Agency for State Property Management (Rosimushchestvo), with a stake of 79.47%. In March 2012, the Company acquired a whole stake in Dal'nevostochnaya raspredelitel'naya setevaya kompaniya OAO. On November 22, 2012, MRSK OAO acquired a 79.55% stake in the Company.