Mirant Services LLC, an Atlanta-based energy company, produces and sells electricity in the United States, the Caribbean, and the Philippines.

The company was spun-off from parent, Southern Company, in April 2001. In July 14, 2003, after months of attempting to restructure its debt, the company sought bankruptcy protection.

The Mirant bankruptcy proceedings were unusual in that the court agreed to the appointment of a committee of equity holders. The usual reasoning is that if there is any positive equity in a company, the company should not be in chapter eleven -- and if there isn't, there is no reason for a committee for people without such an interest. But the judge did find it sufficiently likely in Mirant that there would be equity interest after re-organization to create such a committee.

In January of 2006, Mirant emerged from bankruptcy and the company was relisted to the New York Stock Exchange under the symbol MIR. The equity holders from the pre-bankruptcy Mirant did retain a portion of the equity of the re-organized entity.

Prior to the bankruptcy filing, Mirant had attempted to expand the Potrero Point power plant, previously owned by PG&E in San Francisco California, but neighborhood and community activists fought the proposal for five years and on March 2, 2006, the California Public Utilities Commission announced its rejection of Mirant's expansion plans.