April 20, 2001
MIRANT NAMES NEW JPSCO CEO

Mirant Corporation has announced the appointment of Charles Matthews, 44, as the new president and chief executive officer of the Jamaica Public Service Co. Mirant owns 80 percent of JPSCo., while the government of Jamaica maintains a 20 percent interest. The appointment was made in March 2001.

"Matthews' extensive background in management and strategy will be enormously valuable as we begin the transition to operating JPSCo.," said J.R. Harris, vice president of Mirant Caribbean and South America.

Matthews previously worked as director of external affairs for Mirant Americas in Atlanta. Earlier in his career, Matthews held positions with Mirant's former parent Southern Co., its subsidiary Georgia Power and its business unit Southern Wholesale Energy. These positions included director of contract administration and financial services, assistant to the senior vice president of external affairs, assistant to the chief financial officer and assignments in business development, regulatory affairs, and finance. Prior to joining Southern Co., he worked for Exxon Company, U.S.A.

Matthews holds a bachelor's degree in economics from Talladega College in Talladega, Ala., and a master's of business administration from the Clark Atlanta University School of Business. He also is a graduate of the Executive Accounting and Finance Program at the University of Pennsylvania's Wharton School.

JPSCo. owns 23 generating plants that produce 73 percent of its power requirements. Five of the plants are steam-generating units, eight are hydropowered, eight are gas turbines and two use diesel fuel. Service is provided through a network of 21 commercial offices around the country. The company has 1,700 employees, more than 480,000 customers and 660 megawatts of installed generating capacity including independent power producers.

Mirant is a global competitive energy company with a leading position in both power generation and energy risk management and marketing. With an integrated business model, Mirant develops, constructs, owns and operates power plants and sells wholesale electricity, natural gas, and other energy commodities. Headquartered in Atlanta, with 7,000 employees worldwide, Mirant has extensive operations in North America, Europe, and Asia. Mirant owns or controls more than 20,000 megawatts of electric generation capacity around the world, with another 9,000 megawatts under development. Mirant is 80 percent owned by Southern Company.

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