Gas

Mirant sells six U.S. gas plants

1 May 2007 — Mirant Corporation said it has completed the sale of six U.S. natural gas fired plants to Broadway Generating Company, LLC, a member of the LS Power Group.

The net proceeds to Mirant from the sale, after paying transaction expenses and retiring $83 million of project-related debt, were $1.306 billion. The following U.S. plants, totaling 3,619 MWs, were sold: Zeeland (903 MW), West Georgia (613 MW), Shady Hills (469 MW), Sugar Creek (561 MW), Bosque (546 MW) and Apex (527 MW).