Mirant Comments on Settlement with U.S. Department of Justice
July 12 2007 - 2:06PM
PR Newswire (US)
ATLANTA, July 12 /PRNewswire-FirstCall/ -- Mirant Corporation
(NYSE:MIR) issued the following statement in response to the
deferred prosecution agreement announced today between the U.S.
Department of Justice and Mirant's subsidiary, Mirant Energy
Trading: We are pleased to reach this settlement and put behind us
matters that happened several years ago, before the company entered
and then emerged from bankruptcy. The Department of Justice
acknowledges in the deferred prosecution agreement Mirant's
cooperation with the government's investigation of this matter and
the remedial actions Mirant has previously taken, including self
reporting the matter to the Department of Justice and to the
Commodity Futures Trading Commission. The agreement resolves the
Department of Justice's inquiry into the reporting of information
about natural gas transactions by Mirant trading personnel in 2000
to publications that publish gas price indices. In 2002, Mirant
reviewed and amended its external reporting process after
industry-wide natural gas reporting problems were identified.
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 globally. The company operates an asset management and
energy marketing organization from its headquarters in Atlanta. For
more information, visit http://www.mirant.com/. Stockholder
inquiries: 678 579 7777 DATASOURCE: Mirant CONTACT: Media, Felicia
Browder, +1-678-579-3111, , or Investor Relations, Mary Ann Arico,
+1-678-579-7553, Web site: http://www.mirant.com/
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