25 March, 2002 – Atlanta-based energy company Mirant admitted Friday that it is one of the six companies identified by the Public Utility Commission of Texas (PUCT) as having overscheduled power requirements in the Texas wholesale energy market during the early stages of the state’s retail energy competition pilot programme.

Mirant was notified by the PUCT in December 2001 that irregularities in scheduling data had been discovered during August 2001. Mirant conducted a review of its data and determined that inadvertent power scheduling errors did occur.

“The errors were unintentional and resulted from miscommunication during a complex pilot project,” said Rick Pershing, executive vice president of Mirant’s North American operations. “Pilot projects give all parties an opportunity to work bugs out of systems and processes. We acknowledge that errors were made during the pilot period and we moved quickly to fix them once they were identified.

Mirant said that by the nature of the contracts, it would not benefit financially from any overscheduling, including the overscheduling that inadvertently occurred during the pilot programme. “We are anxious to provide the PUCT with any or all data it wishes to review,” it said in a statement.