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Now what with this power plant, Mayor?

By Amanda Witherell The Board of Supervisors voted unanimously against Mayor Gavin Newsom’s proposal to retrofit Mirant Potrero power plant at their Nov. 25 meeting. Everyone’s been calling this political theatre, as the legislation was originally tabled, then dragged off...

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Mirant Mess: Really, Totally, Completely Dead This Time

They could've just left it on the table to die, but that's not really their way. So the Board of Supervisors called the Mayor Newsom's Mirant measure back to an adamant, unanimous "screw you, Gavin" vote. The measure would've taken...

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Eastern Neighborhoods/Candlestick Plans Yea! (Mirant Retrofit Nea!)

It was a busy week for the San Francisco Board of Supervisors as the Eastern Neighborhoods plan was unanimously approved (as the City's economic, development and sales slowdowns all pick up steam). The financial plan for Lennar to develop...

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Photo du Jour 273

Photo Matt Jalbert . San Francisco's Mirant Potrero Power Plant

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MIRANT Bankruptcy News, Issue No. 141

(EMAILWIRE.COM, November 14, 2008 ) FAIRLESS HILLS, Pa. -- Nov. 14, 2008 -- Bankruptcy Creditors' Service, Inc., published Issue No. 141 of MIRANT BANKRUPTCY NEWS today. The 20-page newsletter contains stories with these headlines: [02135] MIRANT REPORTS THIRD QUARTER 2008 FINANCIAL RESULTS [02136]...

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Mirant Corp. Q3 2008 Earnings Call Transcript

Mirant Corp. (MIR) Q3 2008 Earnings Call Complete Story »

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Mirant Q3 profit jumps to $1.4 billion

Mirant Corp. more than doubled its profit in the third quarter due to $1.4 billion in unrealized gains on hedges. (MIR)

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Mirant reports adjusted net income slip

NEW YORK (MarketWatch) -- Power company Mirant Corp. said Friday that it saw its third quarter net income rise to $1.6 billion, or $8.69 a share, compared to $775 million or $2.74 a share in the year-ago period. However, adjusted net income fell to $216 million, or $1.17 a share, from $323 million, or $1.14 a share in the third quarter of 2007. Mirant also announced a $200 million stock buyback program....

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Mirant: Gavin's Retrofit Plan to Get Thumbs Down

Looks like there's no end in sight for Potreto Hill's power plant squabble: Gavin's push to retrofit, rather than replace, Mirant Power Plant is headed for a swift burial at the Board of Supes meeting today. It's no secret the...

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Land Use Committee Opposes Mirant Retrofit, Lennar Seeks Higher IRR

Mayor Gavin Newsom's proposal to retrofit Potrero Hill's Mirant Power Plant appears to have run out of steam as Supervisors Sophie Maxwell and Aaron Peskin acting as members of the Land Use and Economic Development Committee have recommended moving...

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Fitch Revises Outlook on Mirant & Dynegy to Stable; Affirms Ratings

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of Dynegy, Inc. (DYN) and Mirant Corp. (MIR) and subsidiaries as follows:

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BizLinks and Open Comments | 10.21.08

Ike toll on county homes $8.5 billion Bernanke Comes Around to Second Stimulus, With a Twist Bank bailouts start working, bringing hope for recovery Exxon chief says capital spending still on track NRG, Calpine, Mirant Squeezed by Credit Crunch...

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NRG Squeezed by Credit Crunch as Exelon, Buffett Hunt (BRK.A; CEG; CPN; EXC; NRG)

From Bloomberg: NRG Energy Inc. , Calpine Corp. and Mirant Corp., U.S. power producers involved in failed takeover attempts in the past three years, are under increasing pressure to accept buyouts because of the credit freeze. ``There's been a sea change in access to capital in this industry,'' said Hugh Wynne , a utility analyst at Sanford C. Bernstein & Co. in New York. Exelon Corp. , the biggest...

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Mirant to Host Q3 2008 Earnings Call

ATLANTA, Oct. 6 /PRNewswire-FirstCall/ -- Mirant (NYSE: ) today announced it will host an earnings call to discuss its third quarter 2008 financial results. The call will be held from 9-10 a.m. EST on Friday, November 7, 2008. Analysts are invited to listen to the call by dialing 888 631 3392 (International 913 312 6692), and referencing passcode 7163184, or by logging onto . A recording of the...