Feb 7, 2001
80 PERCENT OF JPSCO SOLD TO MIRANT
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The government of Jamaica announced Tuesday that it has agreed to the sale of the Jamaica Public Service Company
(JPSCo) to Atlanta-based Mirant, formerly Southern Company.
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| Under the terms of the agreement, Mirant will pay the government approximately US$200 million for an 80 percent operating stake in JPSCo's
power production, transmission and distribution assets.
The deal follows an unsuccessful attempt in 1995 by Southern and another firm to jointly buy JPSCo. Use the links
above for full details (Note: links go to external sites).
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to member news page · Go
to JPSCo web site
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