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USAID faces the midpoint of an unprecedented program in emergency energy assistance, restructuring and resource mobilization in the countries of the Former Soviet Union (FSU). The Agency now looks at how to consolidate the gains made and the reforms just getting under way in the face of significant cuts in resources and competing claims on the aid dollars. To assess the progress of the energy programs in three of the major recipients, Russia, Ukraine, and Armenia, USAID engaged Booz-Allen & Hamilton to evaluate critically its energy activities in these three countries. The evaluation team consisted of an energy economist (team leader), a regulatory specialist, an electrical engineer/energy sector specialist and a mechanical engineer/energy efficiency specialist. This evaluation report focuses on the accomplishments, the successes, difficulties and lessons learned to date.