Fortum Oyj engages in the generation, distribution, and sale of electricity and heat, as well as operation and maintenance of power plants. It operates through the following divisions: Generation, City Solutions, Consumer Solutions and Russia. The Generation division is responsible for the large scale power production, physical optimisation and trading activities in the Nordic area. It includes nuclear, hydro and thermal power production, portfolio management and trading, industrial intelligence and nuclear services. The City Solutions division is responsible for developing sustainable city solutions into a growing business. It comprises heating and cooling, waste to energy, recycling and expertise sales. The Consumer Solutions divison comprises of electricity sales, as well as some consumer business related parts of the technology and new ventures development unit. The Russia division comprises Fortum's power and heat generation and sales activities in Russia. The company was founded on February 7, 1998 and is headquartered in Espoo, Finland.