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Company: Mirant Corporation
Current Parent Company:
NRG Energy
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $749,700,000
Year: 2005
Date: June 30, 2005
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: energy market manipulation
Mega-Scandal:
Western Energy Crisis
Violation Description: The California Attorney General announced a $749.7 million proposed settlement with Mirant Corporation to resolve allegations of price gouging and other unlawful conduct during the California Energy Crisis of 2000-01.
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: energy generation
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.