With the approval of the State Council, China Southern Power Gird Corporation Ltd.(CSG as its abbreviation) is a co-funded and established corporation by the investment subjects on the basis of the former Guangdong Provincical Power Group Corporation,the former SP‘s affiliated Southern Company,Yunnan Provincial Power Group Corporation Ltd.,Guizhou Provincial Power Corporation as well as Hainan Provincial Power Corporation.The investment subject was authorized by Guangdong provincial government,the former SP and Hainan provincial government.China Southern Power Gird Corporation is administered by the central government,with independent budgetary status.The total assets of the new power gird operator surpass 203.8 billion yuan(US$24.10billion) and its registered capital is 60 billion yuan (US$7.23billion).Its main responsibilities are:to operate and manage power gird according to the law,ensure reliable power supply,plan the development of regional power gird,foster regional power market,manage power dispatching and trading center,and carry out power dispatching according to power gird operation laws and the market regulations.