Mirant Completes Sale of Philippine Business
June 22 2007 - 8:00AM
PR Newswire (US)
ATLANTA, June 22 /PRNewswire-FirstCall/ -- Mirant Corporation
(NYSE:MIR) announced today that it has completed the previously
announced sale of its Philippine business to a consortium of The
Tokyo Electric Power Company, Incorporated and Marubeni
Corporation. The net proceeds to Mirant after transaction costs and
the repayment of $642 million of debt were $3.215 billion. Mirant
is a competitive energy company that produces and sells electricity
in the United States and the Caribbean. Mirant owns or leases
approximately 11,350 megawatts of electric generating capacity. The
company operates an asset management and energy marketing
organization from its headquarters in Atlanta. For more
information, please visit http://www.mirant.com/. Stockholder
inquiries: 678 579 7777 DATASOURCE: Mirant Corporation CONTACT:
Media, Felicia Browder, +1-678-579-3111, ; or Investor Relations,
Mary Ann Arico, +1-678-579- 7553, ; or Sarah Stashak,
+1-678-579-6940, , all of Mirant Corporation Web site:
http://www.mirant.com/
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