On July 16, 1886, Emperor Alexander III of Russia approved the charter of the Electric Lighting Company, founded by Carl Siemens. That day, the date when Lenenergo was established is considered the beginning of the era of electricity,. The company’s history, which spans more than a century, reflects the history of Russia with all its good and bad moments, including nationalization, the State Commission for the Electrification of Russia (GOELRO) plan, World War II, restoration of the economy, stagnation in the 1970s and the return to the principles of democracy, private property and integration into the world business community at the end of the twentieth century.