Word: mirant
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Dates: during 2001-2001
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When Southern Co. spun off subsidiary Mirant Corp. last April, Fuller, 41, was tapped to head the newly independent entity. She became CEO of a $13 billion, publicly traded company that builds and operates power plants and sells electricity and natural gas in North America, Europe and Asia. Last month's announcement by Mirant, once known as Southern Energy, that its third-quarter earnings had more than doubled those in last year's third quarter coincided with the announcement that Fuller was named to the board of Earthlink...
...Wagner mentioned that he had an offer on the table from power generators, including the "Big Five" - AES/Williams, Duke, Dynegy, Mirant and Reliant - for oh, $700 million, which clearly did not satisfy the California people. But perhaps for the front page, Wagner shrugged and took a more generous guess: Maybe a refund to the state of perhaps $1 billion was due, but there was the matter of the utilities' unpaid bills...
...Dynegy, Duke and Mirant averaged...