Mirant Generating Station Kicks Off Development of Apex Industrial Park

Apr 11, 2001, 01:00 ET from Mirant Corporation

    LAS VEGAS, April 11 /PRNewswire/ -- Mirant Corp. (NYSE:   MIR) and Apex
 Industrial Park joined forces today to dedicate and break ground for the Apex
 Generating Station located on 90 acres in the Apex Industrial Park.
     The generating station, a state-of-the-art 1,100 megawatt natural gas-
 fired power plant, will provide enough electricity to keep the lights on for
 more than 1 million area customers.
     In response to the 1988 industrial plant explosion, Apex Industrial Park
 was created through Public Law 101-67 to allow for heavy industrial activities
 to be located outside the Las Vegas Valley.
     "In 1997, Apex Industrial Park, a private corporation, purchased 10,000
 acres in Clark County.  In addition, over the next 10-15 years we plan to
 invest more than $200 million on infrastructure projects, including more than
 40 miles of roads and waterlines," said Dave Carver, president of Apex
 Industrial Park.
     "The Las Vegas region is one of the fastest growing areas in the country,"
 said Randy Harrison, CEO of Mirant Americas' West Region.  "The Apex
 generating station will allow us to help ensure that growth continues by
 providing reliable and affordable energy to southern Nevada," he added.
     Mirant is a global competitive energy company with a leading position in
 both power generation and energy risk management and marketing. With an
 integrated business model, Mirant develops, constructs, owns and operates
 power plants and sells wholesale electricity, natural gas and other energy
 commodities.  Headquartered in Atlanta, with 7,000 employees worldwide, Mirant
 has extensive operations in North America, Europe, and Asia.  Mirant owns or
 controls more than 20,000 megawatts of electric generation capacity around the
 world, with another 9,000 megawatts under development.  Mirant also controls
 an extensive natural gas asset base in North America, including
 transportation, storage and access to approximately 3.7 billion cubic feet per
 day of gas production.
 
     Caution regarding forward-looking statements:
     The information presented above includes forward-looking statements, in
 addition to historical information.  Mirant cautions that there can be no
 assurance that such indicative results will be realized and that there are
 various important factors that could cause actual results to differ materially
 from those indicated in the forward-looking statements, such as, but not
 limited to, (i) changes in government regulations (including environmental
 regulations) and anticipated deregulation of the electric energy industry;
 (ii) additional competition in Mirant's markets; (iii) potential business
 strategies, including acquisitions or dispositions of assets that Mirant may
 pursue; (iv) political, legal and economic conditions and developments in
 Mirant's markets; (v) financial market conditions and the results of financing
 efforts; (vi) changes in commodity prices and interest rates; (vii) weather
 and other natural phenomena; (viii) the performance of Mirant projects and
 investments and the success of efforts to develop new opportunities; and (ix)
 other factors, whether discussed above or in reports filed by Mirant and
 Southern Company (and its subsidiaries) with the Securities and Exchange
 Commission.
 
 

SOURCE Mirant Corporation
    LAS VEGAS, April 11 /PRNewswire/ -- Mirant Corp. (NYSE:   MIR) and Apex
 Industrial Park joined forces today to dedicate and break ground for the Apex
 Generating Station located on 90 acres in the Apex Industrial Park.
     The generating station, a state-of-the-art 1,100 megawatt natural gas-
 fired power plant, will provide enough electricity to keep the lights on for
 more than 1 million area customers.
     In response to the 1988 industrial plant explosion, Apex Industrial Park
 was created through Public Law 101-67 to allow for heavy industrial activities
 to be located outside the Las Vegas Valley.
     "In 1997, Apex Industrial Park, a private corporation, purchased 10,000
 acres in Clark County.  In addition, over the next 10-15 years we plan to
 invest more than $200 million on infrastructure projects, including more than
 40 miles of roads and waterlines," said Dave Carver, president of Apex
 Industrial Park.
     "The Las Vegas region is one of the fastest growing areas in the country,"
 said Randy Harrison, CEO of Mirant Americas' West Region.  "The Apex
 generating station will allow us to help ensure that growth continues by
 providing reliable and affordable energy to southern Nevada," he added.
     Mirant is a global competitive energy company with a leading position in
 both power generation and energy risk management and marketing. With an
 integrated business model, Mirant develops, constructs, owns and operates
 power plants and sells wholesale electricity, natural gas and other energy
 commodities.  Headquartered in Atlanta, with 7,000 employees worldwide, Mirant
 has extensive operations in North America, Europe, and Asia.  Mirant owns or
 controls more than 20,000 megawatts of electric generation capacity around the
 world, with another 9,000 megawatts under development.  Mirant also controls
 an extensive natural gas asset base in North America, including
 transportation, storage and access to approximately 3.7 billion cubic feet per
 day of gas production.
 
     Caution regarding forward-looking statements:
     The information presented above includes forward-looking statements, in
 addition to historical information.  Mirant cautions that there can be no
 assurance that such indicative results will be realized and that there are
 various important factors that could cause actual results to differ materially
 from those indicated in the forward-looking statements, such as, but not
 limited to, (i) changes in government regulations (including environmental
 regulations) and anticipated deregulation of the electric energy industry;
 (ii) additional competition in Mirant's markets; (iii) potential business
 strategies, including acquisitions or dispositions of assets that Mirant may
 pursue; (iv) political, legal and economic conditions and developments in
 Mirant's markets; (v) financial market conditions and the results of financing
 efforts; (vi) changes in commodity prices and interest rates; (vii) weather
 and other natural phenomena; (viii) the performance of Mirant projects and
 investments and the success of efforts to develop new opportunities; and (ix)
 other factors, whether discussed above or in reports filed by Mirant and
 Southern Company (and its subsidiaries) with the Securities and Exchange
 Commission.
 
 SOURCE  Mirant Corporation