SECURITIES AND EXCHANGE COMMISSION

Amendment No. 1 to

APPLICATION FOR QUALIFICATION OF INDENTURE

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Mirant Corporation

1155 Perimeter Center West

SECURITIES TO BE ISSUED UNDER THE

Title of Class		Amount
8.25% 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.

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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 8.25% Senior Secured Notes due 2008 (the “New Secured Notes”), warrants to purchase 22.47 shares of the Corporation’s common stock and $5.00 in cash 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, warrants to purchase 22.47 shares of the Corporation’s common stock and $5.00 in cash 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 Second Amended Offering Circular and Disclosure Statement and Solicitation of Acceptances of a Prepackaged Plan of Reorganization, dated June 30, 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)

2

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					Jurisdiction of
Name of Company					Organization
			Industrial Technology Ventures, LP			Georgia
			(4% — Mirant Fund 2001, LLC; 96% — Third parties)
			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.)

3

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					Jurisdiction of
Name of Company					Organization
Mirant Nevada Wellcom, LLC						Delaware
	Wellcom, LLC					Nevada
	(50% — Mirant Nevada Wellcom, LLC; 50% — Third party)
Mirant Las Vegas, LLC						Delaware
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.)

4

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					Jurisdiction of
Name of Company					Organization
			Mirant Parker, LLC			Delaware
			(99% — Mirant Texas Investments, Inc.; 1% —
			Mirant Texas Management, Inc.)
		Mirant Mid-Atlantic, LLC				Delaware
			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)

5

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						Jurisdiction of
Name of Company						Organization
		Mirant Energy Trading, LLC					Delaware
Mirant International Investments, Inc.							Delaware
	Mirant International Ventures I, Inc.						Delaware
	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)

6

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								Jurisdiction of
Name of Company								Organization
				JEG Development Corporation					Philippines
				(40% — Mirant Toledo Holdings Corporation; 60% —
				Third Parties)
				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

7

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							Jurisdiction of
Name of Company							Organization
		MAP International Finance Corporation						British Virgin Islands
			MAP Guangdong (BVI) Limited					British Virgin Islands
				Mirant Guangdong (Shajiao C) Limited				British Virgin Islands
					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

8

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									Jurisdiction of
Name of Company									Organization
			Mirant Investments Europe B.V							Netherlands
			(50% — Mirant Holdings Netherlands, Inc.; 50% — Mirant Holdings Europe UK, Inc.)
				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

9

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Jurisdiction of

Name of Company

Organization

Mirant EcoElectrica LNG Investments, Ltd.

British Virgin Islands

Mirant EcoElectrica LNG Marketing, Ltd.

British Virgin Islands

Mirant EcoElectrica LNG Finance, Ltd.

British Virgin Islands

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

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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

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.

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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 for 30 days in payment of any interest on the New Secured Notes;
	(ii)	default in payment of principal of the New Secured Notes;
	(iii)	material default in the performance, or material breach, of any covenant or obligation of the Company or any of its Restricted Subsidiaries in the New Secured Notes Indenture and continuance of such material default or breach for a period of 60 days after written notice is given to the Company by the New Secured Notes Trustee or to the Company and the New Secured Notes Trustee by the Holders of at least 33 1/3% in aggregate principal amount of the New Secured Notes;
	(iv)	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 Company or any of its Restricted Subsidiaries, other than as described in (i) and (ii) above, which default for payment of principal is in an aggregate principal amount exceeding $50 million (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 10 Business

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		Days and the time for payment of such amount has not been expressly extended; provided that the foregoing clause of this paragraph (iv) shall not apply to secured Indebtedness permitted hereunder that becomes due prior to its stated maturity as a result of the voluntary sale or transfer as permitted hereunder of the property or assets securing such Indebtedness;
	(v)	the failure of the Company or any Significant Subsidiary (other than any of the California Entities) generally to pay its debts as they become due, or the admission of such person in writing of its inability to pay its debts generally, or its making a general assignment for the benefit of its creditors, or the taking of any action by the Company or any Significant Subsidiary (other than any of the California Entities) to authorize any of the actions set forth in this subparagraph (v);
	(vi)	the institution of any proceeding by or against the Company or any Significant Subsidiary (other than any of the California Entities) 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 or any Significant Subsidiary (other than any of the California Entities) to authorize any of the actions set forth in this subparagraph (vi);
	(vii)	failure by Mirant or any of its Restricted Subsidiaries (other than any of the California Entities), to pay final and non- appealable judgments aggregating in excess of $50 million, which are not covered by indemnities or third-party insurance, which judgments are not paid, discharged, vacated or stayed for a period of 60 days;
	(viii)	the repudiation by Mirant or any of its Restricted Subsidiaries of any of its obligations under any of the security documents or the unenforceability of any of the security documents against Mirant or any of its Restricted Subsidiaries for any reason if such unenforceability shall be applicable to Collateral having an aggregate fair market value of $50 million or more;
	(ix)	any Security Document or any Lien purported to be granted thereby on assets having a fair market value in excess of $50 million is held in any judicial proceeding to be unenforceable or invalid, in whole or in part, or ceases for any reason within the control of Mirant or any of its Restricted Subsidiaries (other than pursuant to a release that is delivered or becomes effective as set forth in the New Secured Notes Indenture) to be fully enforceable and perfected; or
	(x)	any Security Document shall cease to be in full force and effect (unless terminated in accordance its terms) or shall cease to give the Collateral Agent a valid lien on a material portion of the Collateral, prior to the rights of all third Persons, subject to Permitted Liens.

      If an Event of Default with respect to the New Secured Notes shall occur and be continuing, either the New Secured Notes 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 New Secured Notes Indenture, or for the appointment of a receiver or New Secured Notes Trustee, or for any other remedy thereunder, unless (i) such Holder has previously given written notice to the New Secured Notes Trustee of a continuing Event of Default with respect to the New Secured Notes; (ii) the Holders of not less than 33 1/3% in principal amount of the New Secured Notes shall

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	(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 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

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      (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 of the Corporation’s Form T-3 dated June 2, 2003 and incorporated by reference herein).
	(c) The following exhibits in addition to those filed as part of the statement of eligibility and qualification of each trustee.

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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		—		Form of Indenture between Mirant Corporation and Wells Fargo Corporate Trust, as Trustee (filed herewith).
Exhibit T3D		—		Not Applicable
Exhibit T3E		—		Second Amended Offering Circular (filed as Exhibit (a)(1)(A) of the Corporation’s Schedule TO dated June 30, 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 as Exhibit 25.1 of the Corporation’s Form T-3 dated June 2, 2003 and incorporated by reference herein).

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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 30th 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

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Annex A

Schedule of Underwriters for Securities of the Corporation

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

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		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

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		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