May 16, 2002 — Mirant on Thursday announced that KPMG has been appointed as the company’s independent auditor after completing a review and selection process it announced earlier this year.

Arthur Andersen had served as Mirant’s independent auditor. Recent developments at the firm prompted Mirant to invite bids for its auditing services. Mirant is a global competitive-energy company.

Mirant delivers value by integrating an extensive portfolio of power and natural gas assets with marketing and risk management expertise.

Mirant has facilities in North America, the Caribbean, Asia and Europe, and operates one of the world’s largest energy commodity trading organizations from its headquarters in Atlanta. Visit us at www.mirant.com.