Mirant Completes Sale of Wichita Falls Power Plant

ATLANTA and HOUSTON, May 4  /PRNewswire-FirstCall/ -- Mirant (NYSE:MIR) announced today that it has completed the sale of its Wichita Falls facility to Signal Hill Power LLC. Wichita Falls is a combined cycle facility consisting of three gas turbines and a steam turbine. The facility, which is located near Wichita Falls, Texas, has a total capacity of 77-megawatts. Financial terms of the transaction were not disclosed.

The sale of Wichita Falls is consistent with Mirant's U.S. strategy to focus on core asset operations.

The purchase of Wichita Falls furthers Signal Hill's goal of owning, operating, managing and developing power generation assets in North America.

Mirant is a competitive energy company that produces and sells electricity in the United States, the Caribbean, and the Philippines. Mirant owns or leases approximately 17,500 megawatts of electric generating capacity globally. The company operates an asset management and energy marketing organization from its headquarters in Atlanta. For more information, please visit http://www.mirant.com/.

Signal Hill Power LLC is a Houston, TX, company with more than 30 years of combined experience in the development, ownership, operations and management of energy infrastructure projects around the world.  R. Clay Spears and Frost W. Cochran founded Signal Hill Power LLC with the intent of building a portfolio of North American power generation assets. Signal Hill will use the Wichita Falls plant to competitively produce and sell electricity in the ERCOT market.

Mirant Stockholder inquiries:

678 579 7777 

DATASOURCE: Mirant



CONTACT:  Media, Corry Leigh of Mirant, [phone], or

; or R. Clay Spears of Signal Hill Power LLC,

[phone], or ; or Investors, Mary Ann Arico,

[phone], or , or Sarah Stashak,

[phone], or , both of Mirant, or Stockholder

inquiries, [phone]



Web site:  http://www.mirant.com/ 

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