Conclusions
Value of the Mirant’s extensive and diversified asset base
- 16,100 MW of diversified North American generation
- Generation diversified by geography, fuel type, and dispatch
- Extensive portfolio of natural gas production, storage, and transportation
- International assets provide stable cash flows
Integrated business model
- Top 3 North American marketing and risk management organization
- Enhanced profitability through optimizing physical assets
Realistic and prudent business plan
- $750 million of current liquidity to be augmented by Bewag sale
- Capital budget reduced by nearly 60 percent since November to $1.9 billion this year