EX-99.1
2
a07-17222_1ex99d1.htm
EX-99.1
Exhibit
99.1
News
Release
Media contact:
Felicia Browder, 678
579 3111
felicia.browder@mirant.com
Investor Relations contacts:
Mary Ann Arico, 678 579
7553
maryann.arico@mirant.com
Sarah Stashak, 678 579
6940
sarah.stashak@mirant.com
Stockholder inquiries:
678 579 7777
June 22, 2007
Mirant Completes Sale of Philippine Business
ATLANTA - 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
www.mirant.com
.

EX - 99 . 1 2 a07 - 17222 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 News Release Media contact : Felicia Browder , 678 579 3111 felicia.browder@mirant.com Investor Relations contacts : Mary Ann Arico , 678 579 7553 maryann.arico@mirant.com Sarah Stashak , 678 579 6940 sarah.stashak@mirant.com Stockholder inquiries : 678 579 7777 June 22 , 2007 Mirant Completes Sale of Philippine Business ATLANTA - 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 www.mirant.com .