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9 August 2006 -- Today Mirant announced an auction process to sell various U.S. intermediate and peaking gas fired assets. The U.S. assets to be sold are the following intermediate and peaking gas fired plants:

• Zeeland (837 MW)
• West Georgia (605 MW)
• Shady Hills (468 MW)
• Sugar Creek (535 MW)
• Bosque (532 MW)
• Apex (527 MW)



The plants up for sale represent a total of 3,504 MW. The decision announced today is in addition to the one announced on July 11, 2006, to commence auction processes to sell Mirant's international businesses in the Philippines (2,203 MW) and the Caribbean (1,050 MW).

Certain of the sales will be subject to regulatory and other approvals and consents. The planned sales will result in these businesses and assets being reported as discontinued operations beginning in the third quarter of 2006. The sales are expected to close by mid-2007.





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