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“There is no schedule for Southern Power Grid to go public, nor are there any plans regarding where it will be listed. ”On January 15, during the “2008 China Energy Development Outlook Seminar” held in Beijing, Xiao Peng, deputy general manager of China Southern Power Grid Co., Ltd. (hereinafter referred to as Southern Power Grid), told a reporter from Caijing. According to him, the plan to list Southern Power Grid is still under consideration internally at present, and it has not been submitted to relevant departments such as the National Development and Reform Commission or the China Securities Regulatory Commission. Xiao Peng said that as a monopolistic enterprise, it is still debatable whether the power grid meets the conditions for going public at present. China’s electricity prices are **regulated**, and many details within power grid companies remain undisclosed. Considering issues such as profitability and returns to shareholders, Xiao Peng believes that Chinese power grid enterprises need to undergo institutional reforms in order to meet the requirements for going public. It is reported that Southern Power Grid generated profits of around 16 billion yuan in 2007, and profits are expected to be slightly higher in 2008 than in 2007. However, according to Xiao Peng, due to a shortage of coal recently, Southern Power Grid has experienced severe outages, with an outage capacity of 10.3 million kilowatts. Among them, Guizhou generated 4.2 million kilowatts less electricity due to a shortage of thermal coal ； Yunnan generated 3.8 million kilowatts less electricity ； Guangxi generated 2.3 million kilowatts less electricity. “This is the largest shutdown capacity since the establishment of China Southern Power Grid. ”Xiao Peng said. China Southern Power Grid has submitted an emergency report on this matter to the National Development and Reform Commission. Regarding the power supply situation in 2008, Xiao Peng believes it is \"not optimistic\". In 2007, the power supply situation in the areas under the jurisdiction of Southern Power Grid was extremely tight, and the situation is likely to worsen in 2008. He predicts that there will be a shortage of about 6 million kilowatts of electricity across the grid throughout 2008, and the Southern Power Grid will have to purchase electricity at high prices as well as electricity from the Three Gorges Project in order to ensure a stable power supply in its area. Xiao Peng revealed that by 2010, the installed capacity of the Southern Power Grid would reach 164 million kilowatts, with renewable energy sources such as hydropower and wind power accounting for 34% of that total. Under the responsibility agreement for shutting down small thermal power plants signed between Southern Power Grid and the National Development and Reform Commission, Southern Power Grid plans to shut down 13.27 million kilowatts of such plants between 2006 and 2010, accounting for 19% of the total thermal power capacity in that region in 2006. In 2007, Southern Power Grid shut down 3.5 million kilowatts of small-scale thermal power plants, 210,000 kilowatts more than planned. In 2007, Southern Power Grid and local authorities allocated a total of 600 million yuan in special subsidies for generating power using small diesel engines. Xiao Peng said that these special subsidies would continue to be provided in 2008 as well.