Mirant to Reduce SO2 Emissions by 95% at its Maryland Power Plants
August 03 2006 - 7:37PM
PR Newswire (US)
ATLANTA, Aug. 3 /PRNewswire-FirstCall/ -- Mirant Corporation
(NYSE:MIR) today announced a plan that will reduce sulfur dioxide
(SO2) emissions by as much as 95 percent (approximately 220,000
tons per year) at the Maryland power plants owned or operated by
subsidiaries of Mirant Corporation. (Photo:
http://www.newscom.com/cgi-bin/prnh/20060803/CLTH090 ) Mirant will
install flue gas desulfurization (FGD) emissions controls at its
three Maryland power plants: Chalk Point Generating Station located
in Prince George's County, Dickerson Generating Station located in
Montgomery County, and Morgantown Generating Station located in
Charles County. In addition, Mirant will install a selective
catalytic reduction (SCR) system at the Chalk Point facility that
will further reduce nitrogen oxides (NOx) emissions by
approximately 92 percent (approximately 4,500 tons per year).
Together, the FGDs and the SCR will reduce by approximately 90
percent the emissions of ionic mercury from the three power plants.
"We are making a major investment in emission reduction
technologies," said Edward R. Muller, Mirant chairman and CEO.
"This equipment offers an excellent solution for substantially
improving air quality while maintaining system reliability and
efficient power generation for consumers and businesses." These
environmental upgrades are part of Mirant's previously announced
environmental capital expenditures program. Shaw Stone &
Webster has been awarded, through a competitive process, the
contract for the construction and installation of the FGDs and the
SCR. Mirant will file a request for a Certificate of Public
Convenience and Necessity with the State of Maryland in September
2006. Mirant is a competitive energy company that produces and
sells electricity in the United States, the Caribbean, and the
Philippines. Mirant owns or leases approximately 17,300 megawatts
of electric generating capacity globally. The company operates an
asset management and energy marketing organization from its
headquarters in Atlanta. For more information, please visit
http://www.mirant.com/. Some of the statements included herein
involve forward-looking information. Mirant cautions that these
statements involve known and unknown risks and that there can be no
assurance that such results will occur. There are various important
factors that could cause actual results to differ materially from
those indicated in the forward-looking statements, such as, but not
limited to, legislative and regulatory initiatives regarding
deregulation, regulation or restructuring of the electric utility
industry; changes in state, federal and other regulations
(including rate regulations); changes in, or changes in the
application of, environmental and other laws and regulations to
which Mirant and its subsidiaries and affiliates are or could
become subject; the failure of Mirant's assets to perform as
expected; Mirant's pursuit of potential business strategies,
including the acquisition of additional assets or the disposition
or alternative utilization of existing assets; changes in market
conditions, including developments in energy and commodity supply,
demand, volume and pricing or the extent and timing of the entry of
additional competition in the markets of Mirant's subsidiaries and
affiliates; increased margin requirements, market volatility or
other market conditions that could increase Mirant's obligations to
post collateral beyond amounts which are expected; Mirant's
inability to access effectively the over- the-counter and
exchange-based commodity markets or changes in commodity market
liquidity or other commodity market conditions, which may affect
Mirant's ability to engage in asset management and proprietary
trading activities as expected; Mirant's inability to enter into
intermediate and long-term contracts to sell power and procure
fuel, including its transportation, on terms and prices acceptable
to Mirant; weather and other natural phenomena, including
hurricanes and earthquakes; war, terrorist activities or the
occurrence of a catastrophic loss; environmental regulations that
restrict Mirant's ability to operate its business; deterioration in
the financial condition of Mirant's customers or counterparties and
the resulting failure to pay amounts owed to Mirant or to perform
obligations or services due to Mirant; the disposition of the
pending litigation described in Mirant's Form 10-K for the year
ended December 31, 2005, and Form 10-Q for the quarter ended March
31, 2006, filed with the Securities and Exchange Commission;
political factors that affect Mirant's international operations,
such as political instability, local security concerns, tax
increases, expropriation of property, cancellation of contract
rights and environmental regulations; the inability of Mirant's
operating subsidiaries to generate sufficient cash flow and
Mirant's inability to access that cash flow to enable Mirant to
make debt service and other payments; the resolution of claims and
obligations that were not resolved during Mirant's Chapter 11
proceedings that may have a material adverse effect on Mirant's
results of operations and other factors discussed in Mirant's Form
10-K for the year ended December 31, 2005, and its Form 10-Q for
the quarter ended March 31, 2006. Stockholder inquiries: 678 579
7777
http://www.newscom.com/cgi-bin/prnh/20060803/CLTH090DATASOURCE:
Mirant CONTACT: Media, Corry Leigh, +1-678-579-3111, or , or
Investor Relations, Mary Ann Arico, +1-678-579-7553, or , or Sarah
Stashak, +1-678-579-6940, or , or Stockholder inquiries,
+1-678-579-7777, all of Mirant Web site: http://www.mirant.com/
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