OREANDA-NEWS. August 22, 2011. The Federal Arbitration Court of the North-West District upheld the rulings of the Courts of two Instances that Karelia OFAS Russia legitimately fined “Prionezhskaya Setevaya Kompania” OJSC 1,577,757 Rubles, reported the press-centre of FAS Russia.

“Prionezhskaya Setevaya Kompania” OJSC was held administratively liable for violating Part 1 Article 10 of the Federal Law “On Protection of Competition”. The company gave knowingly incorrect information to a physical person that there were no electric networks in the vicinity of Derevyannoye village, Prionezhsly Municipal District, and infringed the interests of this person by imposing disadvantageous conditions of a contract for technological connection to electric networks.

The company challenged OFAS determination about imposing the fine at the Arbitration Court of the Republic of Karelia, following by the 13th Arbitration Appeal Court (St Petersburg) and the Federal Arbitration Court of the North-West District.

All three Courts upheld the determination to hold the company administratively liable.

“Abusing market dominance by the holders of natural monopolies in the electric power industry is quite widespread, so after adopting the “third antimonopoly package” the penalty for such violations will remain at the same level and will not be reduced”, commented the Head of the FAS Department for Control over Electric Power Industry, Vitaly Korolyov.