OREANDA-NEWS. RAO “UES of Russia” will address to the shareholders with an offer to do not pay dividends for 2006, Head of the holding Anatoly Chubays informed.

"We will suggest to refuse from payment of dividends on ordinary and preferred shares, as according to the legislation the identical decision can be accepted on all kinds of shares", gazeta.ru quoted Chubays's speech at the conference "RAO UES - the open company" on Thursday.

According to him, because of reassessment of assets of the company during reorganization RAO UES gained a huge profit on balance. "It is "paper" profit which does not grow out of the activity of RAO UES", he said, having noted, "according to the law, the energy holding still is obliged to pay dividends from this profit".