Mirant completes purchase of facilities in Georgia, Florida

ATLANTA, Oct. 23, 2001 — Mirant today announced that it completed on Oct. 12 the acquisition of two power plants located in Georgia and Florida from El Paso Corporation.

"With this closing, Mirant successfully enters two markets that are key to our Southeast strategy," said David Rozier, chief executive officer of Mirant's southern U.S. operations. "Georgia and Florida both provide significant growth potential and we look forward to continued expansion in these states."

The execution of this contract between both parties was announced Aug. 8.

Mirant acquired from El Paso a 640-megawatt natural gas-fired power plant in Thomaston, Ga., and a 480-megawatt natural gas-fired plant in New Port Richey, Fla., north of Tampa. The Georgia plant uses four combustion turbines and has been operational since June 2000, while the Florida plant, using three combustion turbines, is scheduled to begin commercial operation in March 2002.

"This transaction complements our recent acquisition of power facilities in Pennsylvania and Florida and meets our objective of optimizing the value of El Paso's diverse power generation portfolio," said Clark C. Smith, president of El Paso Merchant Energy North America. "We will continue to pursue greenfield power development and acquisition opportunities in strategic locations across North America."

Mirant will provide power from both plants to customers under a variety of power purchase agreements, helping to meet substantial existing and future demand in both states.

El Paso Corporation is involved with meeting energy needs throughout North America and the world with operations that span the energy value chain from wellhead to electron. Visit El Paso at www.elpaso.com .

Mirant is one of the world's competitive energy providers. Headquartered in Atlanta, the company has integrated energy operations in North and South America, Europe and Asia. A provider of energy risk management and marketing of power, natural gas and other energy commodities, Mirant has one of the industry's largest energy commodity trading floors. For more information, visit http://www.mirant.com.

Sponsored by FLSmidth

Related Articles

PSEG Solar to acquire Maryland solar project from juwi

PSEG Solar Source will acquire a 12.9-MW solar energy facility near Waldorf, Maryland from juwi solar (JSI). The PSEG Waldorf Solar Energy Center will increase the capacity of PSEG Solar Source's portfolio to 123-MW.

Video: Duke Energy acquires Halifax Solar Project in North Carolina

Duke Energy Renewables (NYSE: DUK) has acquired a 20-MW solar project in Roanoke Rapids, North Carolina, from Geenex and ET Solar Energy Corp.

Follow Power Engineering on Twitter
Latest News
Mitsubishi Hitachi group launches precipitator unit

Mitsubishi Hitachi companies launch emissions control unit

Mitsubishi Hitachi Power Systems Ltd. (MHPS), Mitsubishi Heavy Industries Mechatronics System...
China US nuclear deal passes congressional review

US-China nuclear agreement passes congressional review

An agreement allowing American involvement in China's civilian atomic industry is set to be r...
NRC special inspection at Honeywell uranium hexafluoride leak

NRC begins special inspection at uranium enrichment facility

The U.S. Nuclear Regulatory Commission (NRC) launched a special inspection at a uranium conve...
House GOP says they have votes against Iran nuclear deal

House GOP says it has the votes to disapprove of Iran deal

House Republicans said Monday that they have the GOP votes to disapprove of the Iran nuclear ...
Winners and losers in Clean Power Plan Associated Press

Who wins and loses under Obama's stricter power plant limits

President Barack Obama is mandating even steeper greenhouse gas cuts from U.S. power plants t...
Olkiluoto 3 construction delay claims increased

Companies update claims over Finnish nuclear project delays

The Areva-Siemens consortium and Finnish utility Teollisuuden Voima Ovj (TVO) have both incre...
DOE opens funding for advanced nuclear reactor R&D

DOE opens funding for advanced nuclear R&D

The U.S. Energy Department (DOE) released a funding opportunity for research, development and...
Rosatom to build nuclear power plants in Vietnam

Rosatom plans construction of nuclear power units in Vietnam

Russia state-owned Rosatom signed a general framework agreement with Electricity of Vietnam (...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Power Industry Wire News

Perma-Fix Schedules Second Quarter 2015 Earnings Conference Call

Perma-Fix Schedules Second Quarter 2015 Earnings Conference Call

Rigzone Releases RigOutlook

Rigzone Releases RigOutlook

Otary Picks Aconex for Offshore Wind Farm Development

Otary Picks Aconex for Offshore Wind Farm Development

Anthony C. Schnur Joins Tombstone Exploration Corporation's Board of Directors

Anthony C. Schnur Joins Tombstone Exploration Corporation's Board of Directors

Midwest Energy Emissions Corp. Provides Business Update to Investors, Predicting Growth Ahead

Midwest Energy Emissions Corp. Provides Business Update to Investors, Predicting Growth...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>