Выбор источников финансирования сетевой распределительной компании на примере ОАО «Ленэнерго»
The problem is actual, as during the period of transformation to the market economy the electricity sector was seriously reformed. This sector is strategic for the state. The study raised the hypothesis that the current capital structure of the majority of Russian electricity distribution companies is not optimal. To improve the efficiency of their operations it is required to increase the share of equity in the capital structure and financing of energy companies due to: an additional issue of shares, bonds, private equity, long-term bank loans (for over 10 years), short-term commercial loans and lease financing schemes, while the optimal capital structure won’t be reached.