In July, the companies 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 US Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and approval from both Mirant and RRI Energy stockholders. The merger is expected to be closed by the end of the year.
Georgia-based Mirant owns or leases more than 10,000MW of electric generating capacity across the US. The company operates an asset management and energy marketing organization from its headquarters in Atlanta.
Houston-based RRI Energy is an independent power producer with more than 14,000MW of generation capacity across the country. Its assets use natural gas, fuel oil and coal to generate electricity.
