MRSK Severnogo Kavkaza PAO (Mezhregional’naya raspredelitel’naya setevaya kompaniya Severnogo Kavkaza OAO or Interregional Distribution Grid Company of North Caucasus OJSC or IDGC of North Caucasus OJSC), previously Yuzhnaya setevaya kompaniya OAO, is a Russia-based company, which is principally involved in the electric power transportation and management of grid companies, such as: Kabbalkenergo OAO, Ingushenergo OAO, Nurenergo OAO, Sevkavkazenergo OAO, Karachayevo- Cherkesskenergo OAO, Dagestanskaya energosbytovaya kompaniya OAO, Kalmenergosbyt OAO, Dagenenergoset’ OAO and Chechenenergo OAO. Its grid companies are engaged in the generation, transfer and distribution of electricity and thermal energy. It is a part of the Unified Energy System of Russia. The Company operates on the territory of the North Caucasus through six branches and two wholly owned subsidiaries. As of March 16, 2012, the Company’s major shareholder was Holding MRSK OAO with a stake of 58.25%.