July 24. RusHydro has defined the form of its energy retail asset consolidation. RusHydro BoD has made a decision to establish RusHydro Energy Retail Company. RusHydro will hold 57.4% in the company, while the remaining 42.6% of shares will belong to the New Energy fund, RusHydro said on its website. To pay for new company's charter capital, RusHydro and New Energy will transfer to RusHydro Energy Retail Company their share packages in Chuvashia Energy Retail Company (100%), Ryazan Energy Retail Company (49%) and Krasnoyarskenergosbyt (51.75%). New Energy purchased the stakes in Chuvashia and Ryazan Energy Retail Companies from UES at the auctions held in 2008. RusHydro said that the share packages were being acquired for the benefit of the hydro-generation company. As for the package in Krasnoyarskenergosbyt, UES also planned to sell it at auction; however, it decided to transfer it to RusHydro. The deal was paid for with the shares of the Irganaiskaya HPP affiliated with RusHydro.