CJSC “Electric Networks of Armenia” was founded in May of 2002 as merger of four state regional companies (“Yerevan Electric Networks”, “North Electric Networks”, “South Electric Networks” and “Central Electric Networks”) distributing and selling electric energy. The company is mainly engaged in regulated distribution and sales of electric energy. Overall spread of its grid is 36 thousand km. The company has an exclusive license for distribution of electric energy within the Republic of Armenia. Power distribution is implemented at tariffs confirmed by the Public Services Regulatory Commission of RA. The company provides service to about 985.000 customers.