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Bahamian utility. In the years to come, other acquisitions followed, notably the acquisition of a
British distribution utility - South Western Electricity Board later renamed SWEB (now known as Western Power Distribution); a controlling interest in Hong Kong based Consolidated Electric Power Asia (CEPA), a stake in a German utility BEWAG, controlling interest in Empresa Electrica del Norte Grande, S. A. (EDELNOR) in Chile, and a hydroelectric generating facility in Argentina known as Hydroelectrica Alicura; giving it worldwide business interests in the Caribbean, Asian, South American and European energy markets. On the domestic front the company forged a joint venture in 1999 with Houston-based Vastar Energy to create Southern Company Energy Marketing, an electricity and gas trading company. That same year the company also acquired power generation facilities in New England (Canal station, Martha's Vineyard Diesels, Kendall Station), New York (Lovett and Bowline stations), California (Pittsburg, Potrero and Contra Costa stations). That same year SEI was renamed Southern Energy, in keeping with the broader theme of the products and markets that it pursued. Soon afterwards, its biggest domestic acquisition to date came in December 2000 with the purchase of the Morgantown, Chalk Point, Dickerson and Potomac River power generating assets from
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82:(PEPCO). After an initial public offering of Southern Energy common stock in the fall of 2000, parent Southern Company completely spun off its interests in Southern Energy in April 2001 and a new publicly listed entity named Mirant Corporation began trading on the New York Stock exchange with the ticker symbol MIR. Between 2000 and 2003, the company continued its expansion in the U.S. markets with the acquisition or greenfield development of various
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New York, as well as the North
Rockland School District. Under the terms of bankruptcy, Mirant held payment in excess of $ 180 million due this last several years while a settlement could be reached. This case, which has caused local residents to themselves file bankruptcy, cost the average taxpayer
263:
activists, students, farmers, and religious officials held a protest against the coal-fired
Dickerson Power Plant in Montgomery County, Maryland. During the protest, six people were arrested for trespassing on private property. The protestors called on the plant's owner, the Mirant Corporation, to
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The Mirant bankruptcy proceedings were unusual in that the court agreed to the appointment of a committee of equity holders. The usual reasoning is that if there is any positive equity in a company, the company should not be in
Chapter 11—and if there isn't, there is no reason for a committee of
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that provided engineering and technical services to industrial companies, domestic and international utilities. With the Energy Policy Act of 1992 deregulation arrived in the US electric power sector, and SEI ventured into global markets with the acquisition of a 50% stake in
Freeport Power, a
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announced its rejection of Mirant's expansion plans. The plant was scheduled to be shut down sometime in 2007 in preparation for constructing a more modern replacement, but subsequently plans were scaled back and now call for the existing plant to simply be upgraded.
195:(WHC) certified and have received national recognition for their contributions to wildlife habitat conservation. Efforts include providing artificial nesting structures and planting native trees, shrubs, and aquatic plants.
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Mirant operated 13 plants in the states of
California, Georgia, Maine, Maryland, Massachusetts, Michigan, New York, and Virginia and has the capacity to generate approximately 10,300 MW of electricity.
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Following the disruption to the independent power industry precipitated by the bankruptcy of Enron, on July 14, 2003, after months of attempting to restructure its debt, the company sought
319:. The court determined that Mirant did not have just cause to discharge two workers for viewing pornographic materials on a computer. Federal Judge Douglas P. Woodlock denied Mirant’s
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Prior to the bankruptcy filing, Mirant had attempted to expand the
Potrero plant, but neighborhood and community activists fought the proposal for five years and on March 2, 2006, the
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202:) became the first power plant in Massachusetts to reduce emissions as part of a new state effort to achieve the nation's toughest air emission standards for steam-electric plants.
299:
Following proceedings in state court, a settlement was reached between Mirant and the towns in
December 2006, with taxes based on lower assessed values of the two power plants.
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people without such an interest. But the judge did find it sufficiently likely in Mirant that there would be equity interest after re-organization to create such a committee.
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is among the oldest electrical power facilities in
California and located at the site of the first power station run by the company that eventually became
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Region of New York State, failed to pay its property taxes in a dispute with tax authorities, claiming over-assessments by the Towns of
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under the symbol MIR. The equity holders from the pre-bankruptcy Mirant did retain a portion of the equity of the re-organized entity.
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In 2007, Mirant sold some gas-fired generating plants and its overseas power plants in the
Philippines and in the Caribbean.
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Mirant began its corporate existence in 1981 as Southern Electric International (SEI), a small consulting division of
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52:, on April 2, 2001. The company was merged into GenOn Energy on 3 December 2010. The company then became part of
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The higher than average assessments paid to the local municipalities were part of a strategy used by the
296:, whose plants Mirant assumed after deregulation, to site their plants in the Hudson River Valley Area.
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147:. The merger, which was completed on December 3, 2010, resulted in a company known as GenOn Energy.
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176:, was ranked as the best coal-fired plant in terms of heat-rate efficiency in the United States in
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in markets like Nevada, Texas, Wisconsin, Indiana, Arkansas, Louisiana, Georgia and Florida.
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Demonstrators Decry Mirant Corporation for Ignoring Public Health and Global Warming
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In January 2006, Mirant emerged from bankruptcy and the company was relisted to the
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425:"PG&E to shutter Hunters Point power plant early -- possibly next month"
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stop opposing state and federal legislation against power plant pollution.
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Mirant Canal, LLC v. Local Union 369, Utility Workers Union of America.
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579:, Chesapeake Climate Action Network press release, November 10, 2004.
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Chesapeake Climate Action Network blockade of Dickerson Power Plant
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On Sunday, April 11, 2010 Mirant announced it was merging with
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United States District Court for the District of Massachusetts
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the award, and the union’s motion for judgment was granted.
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identified Mirant as the 63rd-largest corporate producer of
498:(Press release). GenOn Energy. Dec 3, 2010. Archived from
406:"NRG Energy to Buy GenOn for $ 1.7 Billion - NYTimes.com"
388:"Merger of Energy Producers To Form $ 3 Billion Company"
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Mirant, which owns and operates two power plants in the
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U.S. District Court for the District of Massachusetts.
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Companies that filed for Chapter 11 bankruptcy in 2003
33:, formerly Mirant Corporation, was a subsidiary of
632:Civil Action No. 09-12216-DPW. Decided 2009-11-29.
109:Mirant's Morgantown Generating Station and the
693:2012 disestablishments in Georgia (U.S. state)
546:"Toxics Release Inventory courtesy rtknet.org"
447:"Potrero power plant plan dropped by city PUC"
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311:(UWUA) recently succeeded in enforcing an
285:over $ 2000 in increased property taxes.
198:In 2004, Mirant's Canal generating plant (
191:, and other Mirant Mid-Atlantic sites are
172:, located near the unincorporated town of
526:Toxic 100 (Study released May 11, 2006)
493:"Mirant and RRI Energy Complete Merger"
386:de la Merced, Michael J. (2010-04-12).
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180:magazine's 2004 survey of power plants.
125:California Public Utilities Commission
111:Governor Harry W. Nice Memorial Bridge
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683:Energy companies established in 2001
523:Political Economy Research Institute
423:Goodyear, Charlie (March 3, 2006).
233:University of Massachusetts Amherst
364:. Southern Company. Archived from
237:Air pollution in the United States
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445:Knight, Heather (July 23, 2008).
261:Chesapeake Climate Action Network
259:On November 10, 2004, a group of
309:Utility Workers Union of America
96:Chapter 11 bankruptcy protection
69:Southern beginnings and spinoff
27:Defunct American energy company
468:"Mirant website - Our History"
143:, a company formerly known as
80:Potomac Electric Power Company
1:
294:Orange and Rockland Utilities
170:Morgantown Generating Station
341:"GenOn formation 8-K filing"
185:Dickerson Generating Station
590:"2006 Mirant Annual Report"
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678:Companies based in Atlanta
207:Potrero Generating Station
178:Electric Power & Light
161:Potrero Generating Station
651:Mirant RRI merger website
449:. San Francisco Chronicle
427:. San Francisco Chronicle
531:October 1, 2011, at the
215:Pacific Gas and Electric
193:Wildlife Habitat Council
48:from its former parent,
200:Sandwich, Massachusetts
118:New York Stock Exchange
37:, and is now a part of
217:. It is now shut down.
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84:gas-fired power plants
535:retrieved 17 Aug 2007
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31:GenOn Energy Holdings
227:Environmental record
174:Morgantown, Maryland
303:Federal Court Cases
290:Consolidated Edison
231:Researchers at the
189:Dickerson, Maryland
159:Unit 3 of Mirant's
656:2010-04-15 at the
628:2011-07-17 at the
575:2009-07-29 at the
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56:in December 2012.
18:Mirant Corporation
362:"Mirant Spin-Off"
307:Local 369 of the
245:hydrochloric acid
163:in San Francisco.
16:(Redirected from
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75:Southern Company
50:Southern Company
44:The company was
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658:Wayback Machine
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90:2003 bankruptcy
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646:Mirant website
641:
640:External links
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412:on 2012-07-23.
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145:Reliant Energy
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597:the original
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550:the original
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507:. Retrieved
500:the original
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476:. Retrieved
472:the original
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451:. Retrieved
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35:GenOn Energy
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313:arbitration
278:Stony Point
251:compounds.
222:Controversy
135:2010 Merger
673:NRG Energy
667:Categories
606:2008-01-12
556:2007-08-18
509:2011-04-29
478:2007-12-23
453:2008-10-17
431:2008-10-17
372:2007-10-06
347:2012-06-15
327:References
282:Haverstraw
268:Tax issues
151:Operations
141:RRI Energy
54:NRG Energy
39:NRG Energy
168:Mirant's
654:Archived
626:Archived
573:Archived
529:Archived
249:chromium
46:spun off
64:History
247:, and
600:(PDF)
593:(PDF)
503:(PDF)
496:(PDF)
343:. SEC
292:and
280:and
205:The
183:The
209:in
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
