DOJ asks more information from Mirant, RRI on proposed merger

Atlanta and Houston, July 16, 2010 — The Department of Justice requested more information regarding the proposed merger of Mirant Corp. and RRI Energy.

This action, often referred to as a second request, is a common part of the regulatory approval process under the Hart-Scott-Rodino Antitrust Improvements Act.

On April 11, 2010, Mirant and RRI Energy announced their intention to merge and create GenOn Energy, which will be one of the largest independent power producers in the U.S., with about 24,700 MW of electric generating capacity.

Mirant and RRI Energy are in the process of gathering information to respond to the second request and are working cooperatively with the DOJ as it reviews the merger. Both companies expect the merger to close before the end of 2010.

Mirant is a competitive energy company that produces and sells electricity in the U.S.. Mirant owns or leases more than 10,000 MW of electric generating capacity. The company operates an asset management and energy marketing organization from its headquarters in Atlanta, Ga.

RRI Energy, Inc., based in Houston, provides electricity to wholesale customers in the U.S. The company is an independent power producer with more than 14,000 MW of power generation capacity across the U.S. These strategically located generating assets use natural gas, fuel oil and coal.

 

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