FERC approves Mirant, RRI Energy merger

Atlanta and Houston, August 4, 2010 — Mirant Corp. and RRI Energy, Inc. announced today that the Federal Energy Regulatory Commission approved their merger on August 2, 2010.

The FERC approval marks a milestone in the merger consummation process. In July, Mirant and RRI Energy received the necessary clearance from the New York State Public Service Commission.

In addition to acceptable debt financing, the merger now requires completion of review by the U.S. Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and approval from both Mirant and RRI Energy stockholders. The companies expect to close the merger by the end of the year.

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.

RRI Energy, based in Houston, provides electricity to wholesale customers in the U.S. The company is one of the largest independent power producers in the nation 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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