FORM T-3: MIRANT CORPORATION
 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form T-3

APPLICATION FOR QUALIFICATION OF INDENTURE

UNDER THE TRUST INDENTURE ACT OF 1939

Mirant Corporation

(Name of Applicant)

1155 Perimeter Center West

Suite 100
Atlanta, Georgia 30338
(Address of Principal Executive Offices)

SECURITIES TO BE ISSUED UNDER THE

INDENTURE TO BE QUALIFIED
     
Title of Class Amount
7.5% Senior Secured Notes due 2008
  $867 million

      Approximate date of proposed public offering: As soon as practicable after the date of this Application for Qualification.

     
Name and address of agent for service:   Copies to be sent to:
Douglas L. Miller, Esq.
Senior Vice President and General Counsel
Mirant Corporation
1155 Perimeter Center West
Suite 100
Atlanta, Georgia
(678) 579-5000 		  J. Gregory Milmoe, Esq.
Skadden, Arps, Slate,
Meagher & Flom LLP
Four Times Square
New York, New York 10036
(212) 735-3000

      The obligor hereby amends this application for qualification on such date or dates as may be necessary to delay its effectiveness until (i) the 20th day after the filing of an amendment which specifically states that it shall supersede this application, or (ii) such date as the Commission, acting pursuant to Section 307(c) of the Trust Indenture Act of 1939, may determine upon the written request of the obligor.

 

1.     General Information

      (a) Mirant Corporation (the “Corporation”), is a Delaware corporation.

      (b) The Corporation was organized under the laws of the State of Delaware, on April 20, 1993.

2.     Securities Act Exemption Applicable

      The Corporation is offering (i) to exchange (the “Senior Notes Exchange Offer”) $1,000 principal amount of the Corporation’s 7.5% Senior Secured Notes due 2008 (the “New Secured Notes”) for each $1,000 principal amount of the Corporation’s currently outstanding 7.4% Senior Notes due 2004 (CUSIP No. 842815 AC 6) (the “Senior Notes”) and (ii) to exchange (the “Convertible Debentures Exchange Offer,” and together with the Senior Notes Exchange Offer, the “Exchange Offers”) $1,000 principal amount of New Secured Notes for each $1,000 principal amount of the Corporation’s currently outstanding 2.5% Convertible Senior Debentures due 2021 (CUSIP No. 604675 AB 4) (the “Convertible Debentures,” and together with the Senior Notes, the “Exchange Offer Securities”). The terms of the Exchange Offers are contained in the Offering Circular and Disclosure Statement and Solicitation of Acceptances of a Prepackaged Plan of Reorganization, dated June 2, 2003 (the “Offering Circular”), and in related documents incorporated by reference herein as Exhibit T3E.

      As the New Secured Notes are proposed to be offered for exchange by the Corporation with its existing security holders exclusively and solely for outstanding securities of the Corporation, the transaction is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the provisions of Section 3(a)(9) thereof. No sales of securities of the same class as the New Secured Notes have been or are to be made by the Corporation by or through an underwriter at or about the same time as the Exchange Offers for which the exemption is claimed. No consideration has been, or is to be given, directly or indirectly, to any person in connection with the transaction, except for the customary payments to be made in respect of preparation, printing, and mailing of the Offering Circular and related documents and the engagement of Deutsche Bank Trust Company Americas as Exchange Agent for the Corporation. No holder of the outstanding securities has made or will be requested to make any cash payment to the Corporation in connection with the Exchange Offers.

AFFILIATIONS

3.     Affiliates

      The following is a list of affiliates of the Corporation as of the date of this application. The voting securities of each of these entities are owned 100% by its immediate parent unless indicated otherwise.

                 
Jurisdiction of
Name of Company Organization
Mirant Corporation
    Delaware  
  Mirant Trust I     Delaware  
  Mirant Capital Management, LLC     Delaware  
    Mirant Capital, Inc.     Delaware  
      Mirant Fund 2001, LLC     Delaware  
        (93.46% — Mirant Capital, Inc.; 6.54% — Third party)        
        Cheng Power Systems, Inc.     California  
        (6.4% — Mirant Fund 2001, LLC; 93.6% — Third parties)        
        Gunderboom, Inc.     Alaska  
        (38% — Mirant Fund 2001, LLC; 62% — Third parties)        
        Axonn, L.L.C     Louisiana  
        (16% — Mirant Fund 2001, LLC; 84% — Third parties)        
        Industrial Technology Ventures, LP     Georgia  
        (4% — Mirant Fund 2001, LLC; 96% — Third parties)        

2

 

               
Jurisdiction of
Name of Company Organization
      Phonex Broadband Corp.     Utah  
      (7.53% — Mirant Fund 2001, LLC; 92.47% Third parties)        
Mirant Services, LLC     Delaware  
  Mirant Hong Kong Membership, Inc.     Delaware  
    Ravensdown Assets Limited     British Virgin Islands  
  Mirant Mid-Atlantic Services, LLC     Delaware  
  Mirant (Bermuda), LTD     Bermuda  
  Mirant Energy Marketing Austria GmbH     Austria  
Mirant Potomac River, LLC     Delaware  
Mirant Peaker, LLC     Delaware  
Mirant Americas, Inc.     Delaware  
  Mirant Intellectual Asset Management and Marketing, LLC     Delaware  
  Shady Hills Power Company, L.L.C     Delaware  
  West Georgia Generating Company, L.L.C     Delaware  
  Mirant Oregon, LLC     Delaware  
      Coyote Springs 2, LLC     Delaware  
      (50% — Mirant Oregon, LLC; 50% — Third party)        
  Mirant North Carolina Investments, Inc.     Delaware  
    Mirant Gastonia, LLC     Delaware  
  Mirant Construction Holdings, LLC     Delaware  
    Mint Farm Generation, LLC     Delaware  
    Mirant Sugar Creek Ventures, Inc.     Delaware  
    Mirant Sugar Creek Holdings, Inc.     Delaware  
      Mirant Sugar Creek, LLC     Indiana  
      (60% — Mirant Sugar Creek Ventures, Inc.; 40% —        
      Mirant Sugar Creek Holdings, Inc.)        
  MMD ONE, Inc.     Delaware  
  MMD TWO, Inc.     Delaware  
    Mirant de Mexico, S. de R.L. de C.V.     Mexico  
    (50% — MMD ONE, Inc.; 50% — MMD TWO, Inc.)        
    Propiedades Punta Mexicana, S. de R.L. de C.V.     Mexico  
    (50% — MMD ONE, Inc.; 50% — MMD TWO, Inc.)        
  Mirant Special Procurement, Inc.     Delaware  
  Mirant Americas Procurement, Inc.     Delaware  
  Mirant Michigan Investments, Inc.     Delaware  
    Mirant Zeeland, LLC     Delaware  
    Mirant Wyandotte, LLC     Delaware  
  Mirant Birchwood, Inc.     Delaware  
    Birchwood Power Partners, L.P.     Delaware  
    (50% — Mirant Birchwood, Inc.; 50% — Third party)        
    Greenhost, Inc.     Delaware  
    (50% — Mirant Birchwood, Inc.; 50% — Third party)        
  Mirant Wichita Falls Investments, Inc.     Delaware  
  Mirant Wichita Falls Management, Inc.     Delaware  
    Mirant Wichita Falls, LP     Delaware  
    (99% — Mirant Wichita Falls Investments, Inc.; 1% —
Mirant Wichita Falls Management, Inc.) 		       
  Mirant Nevada Wellcom, LLC     Delaware  
    Wellcom, LLC     Nevada  
    (50% — Mirant Nevada Wellcom, LLC; 50% — Third party)        
  Mirant Las Vegas, LLC     Delaware  

3

 

               
Jurisdiction of
Name of Company Organization
Mirant Perryville Investments, Inc.     Delaware  
Mirant Wrightsville Investments, Inc.     Delaware  
Mirant Wrightsville Management, Inc.     Delaware  
  Wrightsville Power Facility, L.L.C     Delaware  
  (1% — Mirant Wrightsville Management, Inc.; 50% — Mirant        
  Wrightsville Investments, Inc.; 49% — Third party)        
  Wrightsville Development and Funding, L.L.C     Delaware  
  (1% — Mirant Wrightsville Management, Inc.; 50% — Mirant        
  Wrightsville Investments, Inc.; 49% — Third party)        
Mirant Portage County, LLC     Delaware  
Mirant Dickerson Development, LLC     Delaware  
Mirant Chalk Point Development, LLC     Delaware  
Mirant Danville, LLC     Delaware  
Peace River Station, L.L.C     Florida  
Midway Energy Center, L.L.C     Florida  
Mirant Americas Generation, LLC     Delaware  
  Mirant New York, Inc.     Delaware  
  Mirant New York Investments, Inc.     Delaware  
    Mirant Bowline, LLC     Delaware  
    (99% — Mirant New York Investments, Inc.; 1% —        
    Mirant New York, Inc.)        
    Mirant Lovett, LLC     Delaware  
    (99% — Mirant New York Investments, Inc.; 1% —        
    Mirant New York, Inc.)        
    Mirant NY-Gen, LLC     Delaware  
    (99% — Mirant New York Investments, Inc.; 1% —        
    Mirant New York, Inc.)        
    Hudson Valley Gas Corporation     New York  
  Mirant California Investments, Inc.     Delaware  
    Mirant California, LLC     Delaware  
      Mirant Delta, LLC     Delaware  
      Mirant Potrero, LLC     Delaware  
      Mirant Bay Area Procurement, LLC     Delaware  
  Mirant New England, Inc.     Delaware  
    Mirant Canal, LLC     Delaware  
    Mirant Kendall, LLC     Delaware  
    Mirant New England, LLC     Delaware  
  Mirant Wisconsin Investments, Inc.     Delaware  
    Mirant Neenah, LLC     Delaware  
  Mirant Texas Management, Inc.     Delaware  
  Mirant Texas Investments, Inc.     Delaware  
    Mirant Central Texas, LP     Delaware  
    (99% — Mirant Texas Investments, Inc.; 1% —        
    Mirant Texas Management, Inc.)        
    Mirant Texas, LP     Delaware  
    (99% — Mirant Texas Investments, Inc.; 1% —        
    Mirant Texas Management, Inc.)        
    Mirant Parker, LLC     Delaware  
    (99% — Mirant Texas Investments, Inc.; 1% —        
    Mirant Texas Management, Inc.)        
  Mirant Mid-Atlantic, LLC     Delaware  

4

 

               
Jurisdiction of
Name of Company Organization
      Mirant Chalk Point, LLC     Delaware  
      Mirant D.C. O&M, LLC     Delaware  
      Mirant Piney Point, LLC     Delaware  
      Mirant MD Ash Management, LLC     Delaware  
Mirant Americas Development, Inc.     Georgia  
  Mirant Americas Development Capital, LLC     Delaware  
Mirant Americas Energy Marketing Investments, Inc.     Georgia  
  Mirant Americas Production Company     Delaware  
    Mirant South Louisiana Fee, LLC     Delaware  
    Mirant South Louisiana Production, LLC     Delaware  
  Mirant Canada Energy Marketing Investments, Inc.     Alberta  
    Mirant Canada Energy Marketing, Ltd.     Alberta  
      Mirant Canada Energy Services, Ltd.     Alberta  
      Mirant Canada Energy Resources, Ltd.     Alberta  
      Mirant Canada Energy Trading Partnership     Alberta  
      (99% — Mirant Canada Energy Marketing, Ltd.; 1% —        
      Canada Energy Marketing Investments, Inc.)        
    Mirant Canada Gas Marketing, Ltd.     Alberta  
    Mirant Canada Energy Capital, Ltd.     New Brunswick  
  Mirant Americas Energy Capital, LP     Delaware  
  (99% — Mirant Americas Energy Marketing Investments, Inc.;        
  1% — Mirant Americas Development, Inc.)        
    Mirant Americas Energy Capital Assets, LLC     Delaware  
  Mirant Americas Energy Marketing, LP     Delaware  
  (99% — Mirant Americas Energy Marketing Investments, Inc.;        
  1% — Mirant Americas Development, Inc.)        
    Mirant Americas Gas Marketing I, LLC     Delaware  
    Mirant Americas Gas Marketing II, LLC     Delaware  
    Mirant Americas Gas Marketing III, LLC     Delaware  
    Mirant Americas Gas Marketing IV, LLC     Delaware  
    Mirant Americas Gas Marketing V, LLC     Delaware  
    Mirant Americas Gas Marketing VI, LLC     Delaware  
    Mirant Americas Gas Marketing VII, LLC     Delaware  
    Mirant Americas Gas Marketing VIII, LLC     Delaware  
    Mirant Americas Gas Marketing IX, LLC     Delaware  
    Mirant Americas Gas Marketing X, LLC     Delaware  
    Mirant Americas Gas Marketing XI, LLC     Delaware  
    Mirant Americas Gas Marketing XII, LLC     Delaware  
    Mirant Americas Gas Marketing XIII, LLC     Delaware  
    Mirant Americas Gas Marketing XIV, LLC     Delaware  
    Mirant Americas Gas Marketing XV, LLC     Delaware  
    Mirant Americas Retail Energy Marketing, LP     Delaware  
    (99% — Mirant Americas Energy Marketing, LP; 1% —        
    Mirant Americas Development, Inc.)        
    IntercontinentalExchange, Inc.     Delaware  
    (4.87% — Mirant Americas Energy Marketing, LP; 95.13% —        
    Third Parties)        
    Mirant Energy Trading, LLC     Delaware  
Mirant International Investments, Inc.     Delaware  
  Mirant International Ventures I, Inc.     Delaware  

5

 

                 
Jurisdiction of
Name of Company Organization
  Mirant International Ventures II, Inc.     Delaware  
    Mirant Global Finance Investments Limited     British Virgin Islands  
    (50% — Mirant International Ventures I, Inc.; 50% — Mirant        
    International Ventures II, Inc.)        
    Mirant Global Finance Holdings     Ireland  
  Mirant do Brasil Ltda.     Brazil  
  (99.99% — Mirant International Investments, Inc.; .01% —        
  Mirant Services, LLC)        
  Southern Energy Mauritius Limited     Mauritius  
  SEMAR Ltd.     Mauritius  
  SE Newco Limited     Mauritius  
  Mirant Asia-Pacific (Korea) Ventures B.V     Netherlands  
  Mirant Asia-Pacific Investments B.V     Netherlands  
  Mirant Asia-Pacific Ventures, Inc.     Delaware  
    Mirant Asia-Pacific (Guam) Investments, Inc.     Delaware  
      Mirant Guam (Tanguisson) Corp.     Hawaii  
Mirant Asia-Pacific Holdings, Inc.     Delaware  
  Mirant Asia-Pacific Limited     Bermuda  
  (90% — Mirant Asia-Pacific Ventures, Inc.; 10% —        
  Mirant Asia-Pacific Holdings, Inc.)        
    Mirant Asia-Pacific (Korea) Development Limited     British Virgin Islands  
    MAP Navotas I Limited     Hong Kong  
      Mirant (Philippines) Project Holdings Corporation     Philippines  
    Navotas II Holdings (BVI) Corp.     British Virgin Islands  
    MAP Mobile Power Systems (BVI) Corporation     British Virgin Islands  
    MAP Pagbilao Limited     Hong Kong  
    MAP Pangasinan Limited     British Virgin Islands  
      Mirant Sual Investments Corporation     Philippines  
      Mirant (Philippines) Corporation     Philippines  
      (40.27% — MAP Pagbilao Limited; 4.33% — MAP        
      Mobile Power Systems (BVI) Corporation; 4.10% —        
      Navotas II Holdings (BVI) Corp.; 2.55% — MAP
Navotas I Limited; 48.75% — MAP Pangasinan Limited) 		       
      Mirant Pagbilao Corporation     Philippines  
      (87.22% — Mirant (Philippines) Corporation; 12.78% — Third parties)        
      Mirant (Philippines) Energy Corporation     Philippines  
        Mirant (Philippines) Services Corporation     Philippines  
        Mirant (Philippines) Island Generation Corporation     Philippines  
        Mirant (Philippines) Rural Power Corporation     Philippines  
        LISP III Power Corporation     Philippines  
        (40% — Mirant (Philippines) Energy Corporation; 60% — Third party)        
      Mirant Toledo Holdings Corporation     Philippines  
        ARB Power Ventures, Inc.     Philippines  
        Mirant Generation Cebu Limited Duration Company     Cayman Islands  
        Toledo Power Co.     Philippines  
        (52.5% — ARB Power Ventures, Inc.; 47.5% Mirant        
        Generation Cebu Limited Duration Company)        
        JEG Development Corporation     Philippines  
        (40% — Mirant Toledo Holdings Corporation; 60% —        
        Third Parties)        

6

 

                     
Jurisdiction of
Name of Company Organization
        MAI-I Resources Corporation     Philippines  
        (22.47% — Mirant Toledo Holdings Corporation;        
        77.53% — Third parties)        
          Philstar.com, Inc.     Philippines  
          (55% — MAI-I Resources Corporation; 42% —        
          JEG Development Corporation; 3% — Third parties)        
          Hijos de F. Escano, Inc.     Philippines  
          (28.67% — MAI-I Resources Corporation;        
          21.57% — JEG Development Corporation;        
          49.76% Third parties)        
            Visayan Electric Company, Inc.     Philippines  
            (51.24% Hijos de F. Escano, Inc.; 5.21% —        
            MAI-I Resources Corporation; .055% —        
            JEG Development Corporation; 43.495% — Third parties)        
      Mirant (Navotas II) Corporation     Philippines  
      Mirant Navotas Corporation     Philippines  
      Mirant Sual Corporation     Philippines  
      (66.4% — Mirant (Philippines) Corporation; 25.51% — Mirant Sual Investments Corporation; 8.09% — Third parties)        
      Mirant Ilijan Investments Ltd. Partnership     Philippines  
      (50% — Mirant (Philippines) Corporation; 50% — Mirant (Philippines) Project Holdings Corporation)        
        Mirant Diamond Holding Corporation     Philippines  
        (48.79% — Mirant Ilijan Investments Ltd.        
        Partnership; 51.21% — Third party)        
          KEPCO Ilijan Corporation     Philippines  
          (41% Mirant Diamond Holding Corporation; 59% — Third parties)        
Mirant Asia-Pacific Construction (Hong Kong) Limited     Hong Kong  
  Sual Construction Corporation     Philippines  
  Mirant (Philippines) Resources and Development Corporation     Philippines  
  (40% — Mirant Asia-Pacific Construction (Hong Kong) Limited; 60% — Third party)        
      Mirant Philippines Industrial Power Corporation     Philippines  
      (60% — Mirant (Philippines) Resources and        
      Development Corporation; 40% — Mirant (Philippines) Energy Corporation)        
      Toledo Holdings Corporation     Philippines  
      (60% — Mirant (Philippines) Resources and Development Corporation; 40% — Mirant Generation Cebu Limited Duration Company)        
      Mirant Philippines Industrial Power II Corporation     Philippines  
      (60% — Mirant (Philippines) Resources and Development Corporation; 40% — Mirant (Philippines) Energy Corporation)        
    MAP India (BVI) Limited     British Virgin Islands  
      Mirant Asia-Pacific (India) Private Limited     India  
    Mirant Eastern Power Plant Limited     British Virgin Islands  
    MAP International Finance Corporation     British Virgin Islands  
      MAP Guangdong (BVI) Limited     British Virgin Islands  
        Mirant Guangdong (Shajiao C) Limited     British Virgin Islands  

7

 

                   
Jurisdiction of
Name of Company Organization
          Stenus Limited     Jersey  
          Laito Company Limited     Hong Kong  
        Mirant Asia-Pacific (Europe) Investments Limited     British Virgin Islands  
      MAP Financial Services Limited     British Virgin Islands  
    MAP Investments (BVI) Limited     British Virgin Islands  
    MAP Nominee Services Limited     British Virgin Islands  
    Tranquil Star Corporation     British Virgin Islands  
      MAP Thailand (BVI) Limited     British Virgin Islands  
      BVR Holding Company Limited     Thailand  
      (28.18% — Tranquil Star Corporation; 71.82% — Third parties)        
        Bayview Beach Resort Co., Ltd.     Thailand  
        (12.13% — Tranquil Star Corporation; 51% — BVR        
        Holding Company Limited; 36.87% — Third parties)        
      MAP Balagarh (BVI) Limited     British Virgin Islands  
        Mirant Balagarh Investments Limited     Mauritius  
          Balagarh Power Company Limited     India  
          (26.32% — Mirant Balagarh Investments Limited;        
          73.68% — Third parties)        
      MAP Hirma (BVI) Limited     British Virgin Islands  
        Mirant Hirma Investments Limited     Mauritius  
      Mirant Asia-Pacific Operations (Hong Kong) Limited     Hong Kong  
        Mirant (Philippines) Operations Corporation     Philippines  
      MAP Project Management and Engineering (BVI) Limited     British Virgin Islands  
      Mirant Asia-Pacific Singapore Pte Limited     Singapore  
      China Johnston Southern, Limited     Mauritius  
      CEPA Energy Investment (Mauritius) Limited     Mauritius  
      CEPA Development (Mauritius) Company Limited     Mauritius  
Mirant Holdings Germany, Inc.     Delaware  
Mirant Investments Germany, Inc.     Delaware  
Mirant Investments Europe, Inc.     Delaware  
  Mirant Development UK Limited     England & Wales  
  Mirant Europe     England & Wales  
  (99.996% — Mirant Investments Europe, Inc.; 0.004% — Mirant Corporation)        
  Mirant Holdings Netherlands, Inc.     Delaware  
    Mirant Asset Development and Procurement B.V     Netherlands  
  Mirant Investments Europe UK, Inc.     Delaware  
    Southern Electric International — Netherlands B.V     Netherlands  
    Mirant Beteiligungs GmbH     Germany  
      P.T. Tarahan Power Company     Indonesia  
      (55% — Mirant Beteiligungs GmbH; 45% — Third party)        
    Mirant Holdings Europe UK, Inc.     Delaware  
      Mirant Investments UK Limited     England & Wales  
      (50% — Mirant Holdings Europe UK, Inc.; 50% — Mirant Investments Europe UK, Inc.)        
        Mirant Holdings Immingham Limited     England & Wales  
          Mirant Generation and Trading ICHP Ltd.     England & Wales  
      Mirant Investments Europe B.V     Netherlands  
      (50% — Mirant Holdings Netherlands, Inc.; 50% — Mirant Holdings Europe UK, Inc.)        

8

 

                         
Jurisdiction of
Name of Company Organization
        Mirant Europe B.V     Netherlands  
        (45% — Mirant Investments Europe B.V.; 55% — Mirant Holdings Netherlands, Inc.)        
        Mirant Energy Marketing Nordic A.B     Sweden  
        Mirant Deutschland GmbH     Germany  
        Mirant Energy Marketing Switzerland GmbH     Switzerland  
        (95% — Mirant Europe B.V.; 5% — Mirant Investments Europe B.V.)        
        Mirant Generation Italia S.r.l     Italy  
        (90% — Mirant Europe B.V.; 10% — Mirant Investments Europe B.V.)        
    Mirant Generation Europe B.V     Netherlands  
      Mirant Italia S.r.l     Italy  
      (5% — Mirant Generation Europe B.V.; 95% — Third party)        
SEI Brazil Holdings, Inc.     Delaware  
SEI South America, Inc.     Delaware  
  Southern Energy Brazil Holdings, Inc.     Cayman Islands  
  (50% — SEI South America, Inc.; 50% — SEI Brazil Holdings, Inc.)        
    T&S Participacoes Ltda.     Brazil  
    (99% — Southern Energy Brazil Holdings, Inc.; 1% — Third party)        
Mirant Caribe, Inc.     Delaware  
  Mirant Caribbean Services, LLC     Delaware  
  Mirant JPSCO Development Services, LLC     Delaware  
  Mirant Caribbean, Ltd.     British Virgin Islands  
  Mirant Virgin Islands, L.L.C     US Virgin Islands  
Mirant Caribbean, Inc.     Delaware  
  Mirant Bahamas Investments Limited     Bahamas  
    Mirant Grand Bahama Limited     Bahamas  
      ICD Utilities Limited     Bahamas  
      (10.776% — Mirant Grand Bahama Limited; 89.224% — Third party)        
        Grand Bahama Power Company Limited     Bahamas  
        (50% — Mirant Grand Bahama Limited; 50% — ICD        
        Utilities Limited)        
    Mirant South America and Caribbean Finance, Ltd.     British Virgin Islands  
    (99% — Mirant Caribbean, Inc.; 1% — Mirant Caribe, Inc.)        
      Puerto Rico Power Investments, Ltd.     British Virgin Islands  
      (99% — Mirant South America and Caribbean Finance, Ltd.; 1% — Mirant Caribe, Inc.)        
    Mirant EcoElectrica Investments V, Ltd.     British Virgin Islands  
    (99% — Mirant Caribe, Inc.; 1% — Mirant Caribbean, Inc.)        
      Mirant EcoElectrica Investments IV, Ltd.     British Virgin Islands  
      (99% — Mirant EcoElectrica Investments V, Ltd.;
1% — Mirant Caribbean, Inc.) 		       
        Mirant EcoElectrica Investments III, Ltd.     British Virgin Islands  
          Mirant EcoElectrica Investments II, Ltd.     British Virgin Islands  
            Mirant EcoElectrica Investments I, Ltd.     British Virgin Islands  
              Mirant EcoElectrica Services, Ltd     British Virgin Islands  
              Mirant EcoElectrica O&M, Ltd.     British Virgin Islands  
              Mirant EcoElectrica LNG Investments, Ltd.     British Virgin Islands  
                Mirant EcoElectrica LNG Marketing, Ltd.     British Virgin Islands  
                Mirant EcoElectrica LNG Finance, Ltd.     British Virgin Islands  

9

 

                           
Jurisdiction of
Name of Company Organization
                  LNG Power, Ltd.     British Virgin Islands  
    Mirant (British Virgin Islands) III Investments, Ltd.     British Virgin Islands  
    (90% — Mirant Caribe, Inc.; 10% — Mirant Caribbean, Inc.)        
      Mirant West Indies Investments, Ltd.     British Virgin Islands  
        Mirant (British Virgin Islands) II Investments, Ltd.     British Virgin Islands  
          Mirant JPSCO II Investments, Limited     Jamaica  
            Mirant JPSCO I Investments, Limited     Jamaica  
              Mirant (British Virgin Islands) I Investments, Ltd.     British Virgin Islands  
                Mirant JPSCO (Barbados) SRL     Barbados  
                  Jamaica Public Service Company Limited     Jamaica  
                  (80% — Mirant JPSCO        
                  (Barbados) SRL; 20% — Third party)        
    Mirant Curacao Investments II, Ltd.     British Virgin Islands  
      Mirant Curacao Investments, Ltd.     British Virgin Islands  
        Curacao Utilities Operating Company N.V     Netherlands Antilles  
        Curacao Energy Company, Ltd.     Cayman Islands  
          (50% — Mirant Curacao Investments, Ltd.; 50% — Third party)        
            CUC Holdings, N.V     Netherlands Antilles  
            (51% — Curacao Energy Company, Ltd.; 49% — Third party)        
          Curacao Utilities Company, N.V     Netherlands Antilles  
        Integrated Utility Holdings Company, N.V     Netherlands Antilles  
        (33.3% — Mirant Curacao Investments, Ltd.; 66.6% — Third party)        
CEMIG Investments, LLC     Delaware  
(51% — Mirant International Investments, Inc.; 49% — Third party)        
  Cayman Energy Traders     Cayman Islands  
  Cayman Islands (51% — CEMIG Investments, LLC; 49% — Third party)        
    Southern Electric do Brasil Participacoes, Ltda.     Brazil  
    (90.6% — Cayman Energy Traders; 9.4% Third parties)        
SET Associados, S/ A     Brazil  
Mirant Trinidad Investments, Inc.     Delaware  
  Power Generation Company Trinidad and Tobago Limited     Trinidad and Tobago  
  (39% — Mirant Trinidad Investments, Inc.; 61% — Third parties)        

10

 

MANAGEMENT AND CONTROL

4.     Directors and Executive Officers

      The following table lists the names and offices held by all directors and executive officers of the Corporation as of April 30, 2003. The mailing address for each of the individuals listed in the following table is:

c/o Mirant Corporation

1155 Perimeter Center West
Suite 100
Atlanta, Georgia
     
Name Office
S. Marce Fuller
  Director, President and Chief Executive Officer
David J. Lesar
  Director
Ray M. Robinson
  Director
A. W. Dahlberg
  Director and Chairman of the Board of Directors
Stuart E. Eizenstat
  Director
Robert F. McCullough
  Director
A. D. Correll
  Director
James F. McDoland
  Director
Harvey A. Wagner
  Executive Vice President and Chief Financial Officer
R. J. Pershing
  Executive Vice President
Douglas L. Miller
  Senior Vice President and General Counsel
Edwin H. Adams
  Senior Vice President
J. William Holden III
  Senior Vice President and Treasurer
Vance N. Booker
  Senior Vice President
Roy McAllister
  Senior Vice President
Frederick D. Kuester
  Senior Vice President
Dan Streek
  Vice President and Controller

5.     Principal Owners of Voting Securities

      As of May 30, 2003 no persons owned 10% or more of the voting securities of the Corporation.

UNDERWRITERS

6.     Underwriters

      (a) Attached hereto as Annex A is a chart containing the name and complete mailing address of each person who within three years prior to the date hereof acted as an underwriter of any securities of the Corporation which are outstanding on the date hereof, and the title of each class of securities underwritten.

      (b) No person is acting, or proposed to be acting, as principal underwriter of the New Secured Notes proposed to be offered pursuant to the Indenture.

11

 

CAPITAL SECURITIES

7.     Capitalization

      (a) As of May 30, 2003

                 
Title of Class Amount Authorized Amount Outstanding
Common Stock, par value $0.01 per share
    2,000,000,000       405,468,084  
Company obligated mandatorily redeemable Preferred securities, $27.50 liquidation amount
    6,900,000       6,900,000  
7.4% Senior Notes due 2004
  $ 200,000,000     $ 200,000,000  
7.9% Senior Notes due 2009
  $ 500,000,000     $ 500,000,000  
5.75% Convertible Senior Notes due 2007
  $ 370,000,000     $ 370,000,000  
2.5% Convertible Senior Debentures, due 2021
  $ 750,000,000     $ 750,000,000  

      (b) Each holder of common stock entitled to vote at any meeting of stockholders shall be entitled to one vote for each share of stock held by such stockholder which has voting power upon the matter in question.

INDENTURE SECURITIES

8.     Analysis of Indenture Provisions

      The New Secured Notes will be issued under an indenture (the “Indenture”) to be dated as of the consummation of the Exchange Offers and entered into between the Corporation and Wells Fargo Bank N.A. as trustee (the “Trustee”). The following analysis is not a complete description of the Indenture provisions discussed and is qualified in its entirety by reference to the terms of the Indenture, a form of which is attached as Exhibit T3C hereto and incorporated by reference herein. The Corporation has not entered into the Indenture as of the date of this filing, and the terms of the Indenture are subject to change prior to its execution. Capitalized terms used below but not defined herein have the meanings assigned to them in the Indenture.

      (a) Events of Default; Withholding of Notice

      An Event of Default with respect to the New Secured Notes is defined in the Indenture as being:

   (i)  default in the payment of all or any part of the principal of, or premium, if any, on, any of the New Secured Notes of that series as and when the same shall become due and payable either at Maturity, upon any redemption, by declaration of acceleration or otherwise;
 
   (ii)  default in the payment of any installment of interest upon any of the New Secured Notes of that series as and when the same shall become due and payable, and continuance of such default for period of 30 days;
 
  (iii)  default in the payment of the principal of any bond, debenture, note or other evidence of indebtedness, in each case for money borrowed or in the payment of principal under any mortgage, indenture, fiscal agency agreement or instrument under which there may be issued or by which there may be secured or evidenced any indebtedness for money borrowed, of the Corporation which default for payment of principal is in an aggregate principal amount exceeding $50,000,000 (or its equivalent in any other currency or currencies) when such indebtedness becomes due and payable (whether at maturity, upon redemption or acceleration or otherwise), if such default shall continue unremedied or unwaived for more than 30 Business Days and the time for payment of such amount has not been expressly extended; provided, that if such default under such evidence of indebtedness shall be remedied or cured by the Corporation or waived by the holders of such indebtedness, then the Event of Default

12

 

  hereunder by reason thereof shall be deemed likewise to have been remedied, cured or waived without further action upon the part of the Trustee or any of the holders;

   (iv)  material default in the performance, or material breach, of any of the Corporation’s covenants or agreements contained in any provision of the Indenture or otherwise established with respect to that series of New Secured Notes pursuant to Section 301 of the Indenture (other than a covenant or agreement that has been expressly included in the Indenture solely for the benefit of one or more series of New Secured Notes other than such series) and such failure shall continue uncured for more than 60 days after written notice is given to the Corporation by the Trustee or to the Corporation and the Trustee by the Holders of at least 66 2/3% in aggregate principal amount of the Outstanding New Secured Notes of that series;
 
   (v)  the failure of the Corporation generally to pay its debts as they become due, or the admission in writing of its inability to pay its debts generally, or the making of a general assignment for the benefit of its creditors, or the institution of any proceeding by or against the Corporation (other than any such proceeding brought against the Corporation that is dismissed within 180 days from the commencement thereof) seeking to adjudicate it bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition (in each case, other than a solvent liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition) of it or its debts under any law relating to bankruptcy, insolvency, reorganization, moratorium or relief of debtors, or seeking the entry of an order for relief or appointment of an administrator, receiver, fiscal agent, intervenor or other similar official for it or for any substantial part of its property, or the taking of any action by the Company to authorize any of the actions set forth in this subparagraph (v); or
 
   (vi)  any other Event of Default provided with respect to New Secured Notes of that series in the supplemental indenture authorizing such series.

      If an Event of Default with respect to the New Secured Notes shall occur and be continuing, either the Trustee or the Holders of at least 33 1/3% in aggregate principal amount of the New Secured Notes may declare the principal amount of the New Secured Notes, and any interest accrued thereon, to be due and payable immediately. At any time after such declaration of acceleration has been made, but before a judgment or decree for payment of money has been obtained, if all Events of Default have been cured (other than the nonpayment of principal of the New Secured Notes which has become due solely by reason of such declaration of acceleration) then such declaration of acceleration shall be automatically annulled and rescinded.

      No Holder of the New Secured Notes shall have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture, or for the appointment of a receiver or Trustee, or for any other remedy thereunder, unless (a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the New Secured Notes; (b) the Holders of not less than a majority in principal amount of the New Secured Notes shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee; (c) such Holder or Holders have offered the Trustee indemnity satisfactory to the Trustee against the costs, expenses and liabilities to be incurred in compliance with such request; (d) the Trustee, for 60 days after its receipt of such notice, request and offer of indemnity, has failed to institute any such proceeding; and (e) no direction inconsistent with such written request has been given to the Trustee during such 60 day period by the Holders of a majority in principal amount of the outstanding New Secured Notes.

  (b)  Authentication and Delivery of New Secured Notes; Use of Proceeds

      As set forth in Section 302 of the Indenture, the Senior Secured Notes to be issued under the Indenture may from time to time be executed on behalf of the Corporation by its Chairman of the Board, its President or one of its Vice Presidents and delivered to the Indenture Trustee for authentication and delivery in accordance with the Indenture. Each Senior Secured Note shall be dated the date of its delivery, and no Senior Secured

13

 

Note shall be valid unless it bears a certificate of authentication, as provided in the Indenture, executed by the Trustee by manual signature of an authorized officer, and such certificate shall be conclusive evidence that such Senior Secured Note has been duly authenticated and delivered under the Indenture.

      Because the New Secured Notes are being issued in exchange for the Exchange Offer Securities, there will be no proceeds from the issuance of the New Secured Notes.

  (c)  Release and Substitution of Property Subject to the Lien of the Indenture

      To secure the due and punctual payment of the obligations of the Company under this Indenture and the Senior Secured Notes of any series, the Company and the Trustee may enter into such collateral documents as may be specified in the terms of the particular series of Senior Secured Notes established as contemplated by Section 301 of the Indenture, to create the security interests and related matters referred to therein (the “Collateral Documents”).

      Collateral may be released from the security interest created by the applicable Collateral Documents at any time or from time to time, and the applicable Collateral Documents may be terminated, in accordance with the provisions of the applicable Collateral Documents. The release of any collateral from the terms of the Indenture and of the applicable Collateral Documents or the release of, in whole or in part, the liens created by the applicable Collateral Documents, or the termination of the applicable Collateral Documents, will not be deemed to impair the lien on the collateral in contravention of the provisions of the Indenture if and to the extent the collateral or liens are released, or the applicable Collateral Documents are terminated, pursuant to the applicable Collateral Documents. To the extent applicable, the Corporation and each obligor on any series of New Secured Notes shall cause Section 314(d) of the Trust Indenture Act relating to the release of property or securities from the lien related to the Indenture and of the applicable Collateral Documents to be complied with. Any certificate or opinion required by 314(d) of the Trust Indenture Act may be made by an officer of the Corporation, except in cases which 314(d) of the Trust Indenture Act requires that such certificate or opinion be made by an independent person.

      (d) Satisfaction and Discharge of the Indenture

      The Corporation, at its option, (a) will be discharged from any and all obligations in respect of the New Secured Notes (except in each case for the obligations to register the transfer or exchange of such New Secured Notes, replace stolen, lost or mutilated New Secured Notes, maintain paying agencies and hold moneys for payment in trust) or (b) need not comply with certain covenants of the Indenture with respect to the New Secured Notes in each case, if the Corporation irrevocably deposits with the Trustee, in trust, (i) money or (ii) (A) U.S. Government Obligations which through the payment of interest and principal in respect thereof in accordance with their terms will provide money in an amount, or (B) a combination thereof, in each case sufficient to pay and discharge the principal and interest on the outstanding New Secured Notes on the dates such payments are due in accordance with the terms of such New Secured Notes (or if the Corporation has designated a redemption date pursuant to the final sentence of this paragraph, to and including the redemption date so designated by the Corporation), and no Event of Default or event which with notice or lapse of time would become an Event of Default (including by reason of such deposit) with respect to the New Secured Notes shall have occurred and be continuing on the date of such deposit. To exercise any such option, the Corporation is required to deliver to the Trustee (x) an opinion of counsel (who may be counsel to the Corporation) to the effect that the Holders will not recognize income, gain or loss for federal income tax purposes as a result of such deposit, defeasance and discharge, which in the case of (a) must be based on a change in law or a ruling by the U.S. Internal Revenue Service, and (y) an Officers’ Certificate as to compliance with all conditions precedent provided for in the Indenture relating to the satisfaction and discharge of the New Secured Notes. If the Corporation shall wish to deposit or cause to be deposited money or U.S. Government Obligations to pay or discharge the principal of and interest, if any, on the outstanding New Secured Notes to and including the Redemption Date on which all of the outstanding New Secured Notes are to be redeemed, such Redemption Date shall be irrevocably designated by a Board Resolution delivered to the Trustee on or prior to the date of deposit of such money or U.S. Government Obligations, and such Board Resolution shall be accompanied by an irrevocable Company Request that the Trustee give notice

14

 

of such redemption in the name and at the expense of the Corporation not less than 15 nor more than 30 days prior to such Redemption Date in accordance with the Indenture.

      (e) Evidence Required to be Furnished by the Corporation to the Trustee as to Compliance with the Conditions and Covenants Provided for in the Indenture.

      The Corporation shall comply with Section 314(a)(4) of the Trust Indenture Act without regard to any period of grace or requirement of notice and, if so, specifying each such default of which such signer has knowledge and the nature thereof.

 
9. Other Obligors

      None.

      Content of Application for Qualification. This application for qualification comprises:

        (a) Pages number 1 to 16 consecutively.
 
        (b) The statement of eligibility and qualification on Form T-1 of Wells Fargo Bank N.A., as Trustee under the Indenture to be qualified (included as Exhibit 25.1 hereto).
 
        (c) The following exhibits in addition to those filed as part of the statement of eligibility and qualification of each trustee.

List of Exhibits

         
Exhibit T3A
  —   Certificate of Incorporation of Mirant Corporation (filed as Exhibit 3.1 of the Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2002 and incorporated by reference herein)
 
Exhibit T3B
  —   Bylaws of Mirant Corporation (filed as Exhibit 3.2 of the Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2002 and incorporated by reference herein)
 
Exhibit T3C
  —   Indenture between Mirant Corporation and Wells Fargo Corporate Trust, as Trustee (filed herewith).
 
Exhibit T3D
  —   Not Applicable
 
Exhibit T3E
  —   Offering Circular (filed as Exhibit (a)(1)(A) of the Corporation’s Schedule TO dated June 2, 2003 and incorporated by reference herein)
 
Exhibit T3F
  —   A cross reference sheet showing the location in the Indenture of the provisions inserted therein pursuant to Section 310 through 318(a), inclusive, of the Trust Indenture Act (included as part of Exhibit T3C herewith).
 
Exhibit 25.1
  —   Form T-1 qualifying Wells Fargo Bank, N.A. as Trustee under the Indenture to be qualified (filed herewith).

15

 

SIGNATURE

      Pursuant to the requirements of the Trust Indenture Act of 1939, the applicant, Mirant Corporation, a corporation organized and existing under the laws of the State of Delaware, has duly caused this application to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, all in the City of Atlanta, and State of Georgia, on the 2nd day of June, 2003.

(Seal)

  MIRANT CORPORATION

  By:  /s/ J. WILLIAM HOLDEN III
 
  Name: J. William Holden III
  Title: Senior Vice President and Treasurer

Attest:

By:  /s/ ELIZABETH B. CHANDLER  
 
Name: Elizabeth B. Chandler  
Title:   Vice President and Corporate Secretary  

16

 

Annex A

Schedule of Underwriters for Securities of the Corporation

within the Previous Three Years

A.     MIRANT CORPORATION

         
Securities Underwriters
1.
  60,000,000 Shares of Common Stock, dated as of July 31, 2001.   Credit Suisse First Boston Corporation
Eleven Madison Avenue
New York, NY 10010
2.
  2.5% Convertible Senior Debentures due 2021, dated as of May 31, 2001.   Salomon Smith Barney, Inc.
388 Greenwich Street
New York, New York 10003
3.
  5.75% Convertible Senior Notes due 2007, dated as of July 8, 2002.   Banc of America Securities LLC
600 Montgomery Street
San Francisco, California;

Credit Suisse First Boston Corporation
Eleven Madison Avenue
New York, NY 10010;

Salomon Smith Barney, Inc.
388 Greenwich Street
New York, New York 10003;

Commerzbank Capital Markets Corp.
Two World Financial Center
New York, NY 10281-1050;

Dresdner Kleinwort Wasserstein Securities LLC
75 Wall Street
New York, NY 10005;

Westdeutsche Landesbank
Girozentrale, London Branch
1211 Avenue of the Americas
New York, NY 10036

A-1

 

         
Securities Underwriters
4.
  6,000,000 Preferred Securities 6 1/4% Convertible Trust Preferred Securities, Series A, dated as of October 2, 2000.   Goldman, Sachs & Co.
85 Broad Street
New York, NY 10004;

Morgan Stanley & Co. Incorporated
1585 Broadway
New York, NY 10036;

UBS Warburg LLC
677 Washington Boulevard
Stamford, CT 06901;

ABN AMRO Incorporated
55 East 52 Street
New York, NY 10055;

Donaldson, Lufkin & Jenrette Securities Corporation
11 Madison Avenue
New York, New York 10010;

Merrill Lynch, Pierre, Fenner & Smith Incorporated
4 World Financial Center
250 Vesey Street
New York, NY 10080

A-2

 

         
Securities Underwriters
5.
  58,000,000 Shares of Common Stock, dated as of October 2, 2000.   Goldman, Sachs & Co.
85 Broad Street
New York, NY 10004;

Morgan Stanley & Co. Incorporated
1585 Broadway
New York, NY 10036;

Banc of America Securities LLC
600 Montgomery Street
San Francisco, California;

Credit Suisse First Boston Corporation
Eleven Madison Avenue
New York, NY 10010;
JP Morgan Securities Inc.;

Lehman Brothers Inc.
399 Park Avenue
New York, NY 10022;

Salomon Smith Barney, Inc.
388 Greenwich Street
New York, New York 10003;

ABN AMRO Incorporated
55 East 52 Street
New York, NY 10055;

Blaylock & Partners, L.P.
399 Park Avenue, 15th Floor
New York, New York 10022;

J.P. Morgan Chase & Co.
270 Park Avenue
New York, NY 10017

Commerzbank Aktiengesellschaft
Two World Financial Center
New York, NY 10281-1050;

The Williams Capital Group, L.P.
650 Fifth Avenue,10th Floor
New York, NY 10019

A-3