Investors can contact the law firm at no cost to learn more about recovering their losses Following the publication of the report, National Grid American Depositary Shares (ADSs) saw a 5% decline in value on July 2, 2024. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney ad ...

Core Viewpoint - The article highlights the challenges faced by China's energy sector due to extreme weather conditions, including high temperatures and heavy rainfall, and the measures taken by state-owned energy companies to ensure energy supply during peak demand periods [1][2][3][4]. Group 1: Energy Supply Challenges - Recent extreme weather has led to temperatures exceeding 40 degrees Celsius and significant rainfall in regions like Inner Mongolia, Hebei, Beijing, and Shanxi, impacting energy supply efforts [1]. - On July 16, the national maximum electricity load surpassed 1.5 billion kilowatts, marking a new historical record following previous peaks on July 4 and July 7 [1]. Group 2: Measures Taken by Energy Companies - The State Energy Group held a meeting on July 27 to strategize energy supply and flood prevention during peak summer demand [1]. - The State Energy Group's coal production, electricity generation, heating supply, and railway transport account for approximately 1/6, 1/8, 1/8, and 1/9 of the national totals, respectively [1]. - The Sichuan branch of the State Energy Group reported a coal stock availability of 34 days and achieved over 100 million kilowatt-hours of electricity generation for four consecutive days from July 23 to 26 [2]. Group 3: Infrastructure Enhancements - The State Grid Company has improved transmission capacity in Jiangsu, doubling the capacity of the Wuxi Wangting to Taike 220 kV line from 360,000 kilowatts to 720,000 kilowatts [3]. - The Three Gorges Group reported a peak generation of over 650 million kilowatts from its clean energy corridor, contributing significantly to the electricity supply in central and eastern China [3]. Group 4: Future Strategies - The State Power Investment Corporation emphasized the need for improved coal supply capabilities, enhanced equipment reliability, and better emergency response systems in its 2025 energy supply meeting [4].

Complaint Situation - In June 2025, the 12398 Energy Regulatory Hotline received a total of 2,270 complaints, with 2,155 related to the electricity sector and 115 related to the renewable energy sector [2] - The main complaints were directed at State Grid Corporation (1,637 complaints), Southern Power Grid Company (483 complaints), Inner Mongolia Power Group (42 complaints), and other power enterprises (102 complaints) [2] - The primary complaint categories included issues related to electricity application, power outage repairs, and line safety [2] Complaint Handling - Energy companies resolved 2,049 complaints in June, achieving a 100% timely resolution rate within 10 working days [4] - The satisfaction rate for complaint follow-ups was reported at 90.52% [4] Complaint Hotspots - In regions like Sichuan and Shaanxi, residents reported inadequate reliability management by power companies, leading to voltage abnormalities and frequent outages [6] - In areas such as Chongqing and Shanxi, complaints were made regarding the slow response to power outage repairs and non-standard practices for overdue payments [6] - In Guangdong and Heilongjiang, issues were raised about non-standard procedures in electricity application processes, increasing the time required for users to obtain electricity [6] Appeal Situation - In June 2025, the hotline processed 2,130 complaints (including previous cases) and received 210 appeals, resulting in a complaint appeal rate of 9.86% [7] - The majority of appeals were against State Grid Corporation (184 appeals) and Southern Power Grid Company (22 appeals) [7] Appeal Handling - The National Energy Administration's local agencies received 117 appeals and resolved 179 cases, focusing on issues related to electricity applications, meter measurement, and renewable energy grid connection [10] Appeal Hotspots - In Jiangsu and Henan, residents reported non-standard procedures in electricity application processes, affecting user experience [13] - In Heilongjiang and Zhejiang, complaints were made regarding non-standard processes for meter replacement and lack of transparency in calibration [13] - In Hebei and Anhui, issues were raised about inconsistent standards for grid connection acceptance and inadequate communication regarding distributed photovoltaic policies [13] Reporting Situation - In June 2025, the hotline received 114 reports, with the majority concerning electrical facility permits (56 reports) and electricity trading (17 reports) [14] - The provinces with the highest number of reports included Sichuan (13 reports), Jiangsu (12 reports), and Guangdong (10 reports) [14] Reporting Handling - The National Energy Administration's local agencies processed 112 reports and resolved 137 cases, addressing verified violations through regulatory discussions, orders for rectification, and administrative penalties [15] Reporting Hotspots - In regions like Sichuan and Guangdong, reports were made about companies using false documentation for electrical facility permits [16] - In Shanxi, complaints were raised regarding non-standard practices in electricity applications and unauthorized fees for equipment modifications [16] Work Requirements - Energy companies are required to enhance complaint management, analyze low satisfaction rates, and implement targeted measures to improve complaint handling quality [18] - Companies must standardize electricity application management and strictly adhere to the "three zero" policy to improve service efficiency [18] - There is a need to improve power supply service levels, standardize meter replacement processes, and enhance user experience through better communication [18] - Companies should strengthen power quality management, improve outage repair processes, and minimize user downtime [18] - Enhanced management of renewable energy grid connections is necessary, with strict adherence to unified standards and timely communication with users regarding capacity limitations [18] Typical Cases - A power facility company in Anhui was reported for providing false documentation during permit renewal, leading to administrative penalties [19] - In Henan, a complaint was made about slow construction for electricity application, which was subsequently addressed by the local energy regulatory office [20] - In Sichuan, a user reported frequent outages due to inadequate management, prompting regulatory action to improve service [20] - In Jiangsu, a complaint was made regarding lax standards for photovoltaic grid connections, resulting in corrective measures by the power company [21] - In Guangxi, a user reported low voltage issues affecting equipment, leading to regulatory intervention to resolve the problem [21]

Core Viewpoint - The development of pumped storage hydropower in China is entering a new phase focused on high-quality exploration, emphasizing its role as a crucial component for the stability and safety of the new energy system [2][3]. Industry Development Status - The pumped storage capacity in China exceeds 60 million kilowatts, with significant ongoing construction, showcasing a trend of diversified investment and multiple application scenarios [3]. - Despite rapid growth in scale, the industry faces challenges in innovation, particularly in planning, equipment upgrades, and the application of new technologies [3]. Economic Viability of Projects - The new management measures for pumped storage project development aim to standardize the development order and eliminate extra burdens, gradually restoring investment value [4]. - The economic characteristics of pumped storage projects are complex due to their public good nature, where benefits are shared across various stakeholders, making precise benefit allocation challenging [4]. - Investment costs are influenced by factors such as contingency fees and interest during construction, which can exceed 20% of project estimates, necessitating a comprehensive evaluation of economic viability [4]. Relationship with New Energy Storage Technologies - New energy storage technologies have seen rapid development, surpassing pumped storage in installed capacity, but they do not hinder the growth and innovation of the pumped storage sector [6]. - Both technologies should develop synchronously, considering their unique characteristics and application scenarios, to avoid resource misallocation [7]. New Generation Pumped Storage Research - The new generation of pumped storage technology aims to overcome industry shortcomings and achieve safe, economical, reliable, and efficient development [8]. - This new technology focuses on expanding regulation types, enhancing quality, and optimizing costs, with an emphasis on innovation across various operational aspects [9]. Future Development Initiatives - The company plans to deepen research in critical areas such as design, equipment manufacturing, and operational control, promoting collaborative innovation across the industry [9]. - There is a commitment to demand-oriented development, tailoring power station functions to meet specific system needs and enhancing adaptability [9]. - Efforts will be made to improve policies that attract resources and investment, fostering a conducive environment for the growth of pumped storage projects [9].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of National Grid plc due to allegations of materially misleading business information issued by the company [1] Group 1: Investigation and Allegations - The investigation is prompted by a report indicating that failures in the UK power grid, specifically by National Grid, led to a fire at Heathrow Airport in March 2025, which stranded thousands of passengers [3] - The UK Energy Minister described the findings as "deeply concerning," noting that the issues causing the fire had been identified seven years prior but were not addressed by National Grid [3] Group 2: Market Reaction - Following the publication of the report on July 2, 2025, the price of National Grid American Depositary Shares (ADSs) fell by 5% [3] Group 3: Class Action Details - Investors who purchased National Grid securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2] Group 4: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4] - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]

Core Insights - National Grid plc is under investigation for potential securities fraud and unlawful business practices following a fire incident at Heathrow Airport [1][3] - The fire was attributed to a known fault at an electrical substation owned by National Grid, which the company had been aware of since 2018 but failed to address [3] - Following the news of the investigation and the fire, National Grid's American Depositary Receipt (ADR) price dropped by $3.77, or 5.07%, closing at $70.61 on July 2, 2025 [4] Investigation Details - Pomerantz LLP is leading the investigation on behalf of investors, focusing on the actions of National Grid and its officers/directors [1] - The investigation is prompted by allegations of securities fraud related to the company's failure to rectify known issues with its infrastructure [1][3] Legal Context - The National Energy System Operator (NESO) published a report detailing the findings of the fire investigation, which may lead to legal action from Heathrow Airport against National Grid [3] - Pomerantz LLP has a long history in corporate and securities class litigation, emphasizing its commitment to fighting for victims of corporate misconduct [5]

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against National Grid plc for possible violations of federal securities laws and unlawful business practices following a fire incident at Heathrow Airport linked to the company [2][3]. Group 1: Incident Overview - On July 1, 2025, the National Energy System Operator published a report indicating that a fire at Heathrow Airport on March 20, 2025, was caused by a known fault at an electrical substation owned by National Grid, which had been aware of the issue since 2018 but did not address it [3]. - Following the report, Heathrow Airport is reportedly considering legal action against National Grid [3]. Group 2: Market Reaction - The news of the incident and subsequent investigation led to a decline in National Grid's American Depositary Receipt (ADR) price, which fell by $3.77, or 5.07%, closing at $70.61 per ADR on July 2, 2025 [4]. Group 3: Legal Representation - Bragar Eagel & Squire, P.C. is reaching out to National Grid stockholders who may have suffered losses and encourages them to discuss their legal rights [1][5].

Group 1 - National Grid plc has published its 2024/25 Annual Report and 20-F, prompting a review of the stock's Buy rating [1] - The company may initiate a beneficial Long position through stock purchases or call options in the near future [1]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of National Grid plc due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Allegations - The investigation is prompted by a report indicating that failures in the UK power grid, specifically by National Grid, led to a fire at Heathrow Airport in March 2025, which stranded thousands of passengers [3]. - The report highlighted that the issue causing the fire had been identified seven years prior but was not addressed by National Grid, raising concerns from the UK Energy Minister [3]. Group 2: Market Reaction - Following the publication of the report on July 2, 2025, the price of National Grid American Depositary Shares (ADSs) fell by 5% [3]. Group 3: Class Action Details - Investors who purchased National Grid securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2]. Group 4: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].

Group 1 - Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities claims on behalf of shareholders of National Grid plc due to allegations of materially misleading business information [1][3] - A report indicated that a fire at Heathrow Airport in March 2025 was caused by National Grid's failure to maintain an electricity substation, which had been identified as an issue seven years prior [2] - Following the publication of the report, the price of National Grid American Depositary Shares fell by 5% on July 2, 2025 [2] Group 2 - The UK Energy Minister, Ed Miliband, expressed that the findings of the report were "deeply concerning" [2] - Wolf Haldenstein emphasizes its commitment to corporate accountability and transparency for investors who have suffered financial harm [3]