0001104659-06-001933.txt : 20060112 0001104659-06-001933.hdr.sgml : 20060112 20060112173100 ACCESSION NUMBER: 0001104659-06-001933 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060112 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060112 DATE AS OF CHANGE: 20060112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MIRANT MID ATLANTIC LLC CENTRAL INDEX KEY: 0001138258 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 582574140 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-61668 FILM NUMBER: 06527807 BUSINESS ADDRESS: STREET 1: 1155 PERIMETER CENTER WEST STREET 2: SUITE 100 CITY: ATLANTA STATE: GA ZIP: 30338 BUSINESS PHONE: 678-579-5050 MAIL ADDRESS: STREET 1: 1155 PERIMETER CENTER WEST STREET 2: SUITE 100 CITY: ATLANTA STATE: GA ZIP: 30338 8-K 1 a06-1741_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 12, 2006

Mirant Mid-Atlantic, LLC

(Exact name of registrant as specified in charter)

Delaware	N/A	51-2574140
(State or other jurisdiction of	(Commission File Number)	(IRS Employer Identification No.)
incorporation)

1155 Perimeter Center West, Suite 100, Atlanta, Georgia		30338
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (678) 579-5000

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

The Monthly Operating Report for Mirant Mid-Atlantic, LLC (“Mirant Mid-Atlantic”) for the period November 1, 2005 through November 30, 2005, which was filed with the Bankruptcy Court on January 12, 2006, is attached hereto as Exhibit 99.1.

Cautionary Statement Regarding the Monthly Operating Report

The Monthly Operating Report contains financial statements and other financial information that have not been audited or reviewed by Mirant Mid-Atlantic’s independent auditors and may be subject to future reconciliation or adjustments. The Monthly Operating Report is in a format prescribed by applicable bankruptcy laws and should not be used for investment purposes. The Monthly Operating Report contains information for periods different from those required in Mirant Mid-Atlantic’s reports pursuant to the Securities Exchange Act of 1934 (the “Exchange Act”) and that information may not be indicative of Mirant Mid-Atlantic’s financial condition or operating results for the period that would be reflected in Mirant Mid-Atlantic’s financial statements or its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Exhibit Name

99.1		Monthly Operating Report for Mirant Mid-Atlantic, LLC for November 1, 2005 through November 30, 2005

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 12, 2006


	Mirant Mid-Atlantic, LLC


	/s/ Thomas Legro
	Thomas Legro
	Senior Vice President and Controller
	(Principal Accounting Officer)

EX-99.1 2 a06-1741_1ex99d1.htm EXHIBIT 99

Exhibit 99.1

CASE NAME: Mirant Mid-Atlantic, LLC		Monthly Operating Report

CASE NUMBER: 03-46593-DML		ACCRUAL BASIS

JUDGE: D. Michael Lynn

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF TEXAS

6TH DIVISION

MONTHLY OPERATING REPORT

MONTH ENDING: November 30, 2005

IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.

RESPONSIBLE PARTY:

/s/ Dan Streek		Vice President
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY		TITLE

Dan Streek		January 11, 2006
PRINTED NAME OF RESPONSIBLE PARTY		DATE


PREPARER:

/s/ Gene Stroshane		Controller - Mid-Atlantic
ORIGINAL SIGNATURE OF PREPARER		TITLE

Gene Stroshane		January 11, 2006
PRINTED NAME OF PREPARER		DATE

CASE NAME: Mirant Mid-Atlantic, LLC	Monthly Operating Report

CASE NUMBER: 03-46593-DML	ACCRUAL BASIS-1

CONSOLIDATED BALANCE SHEET(1)

		SCHEDULE	MONTH			MONTH
		AMOUNT	October 2005			November 2005
ASSETS
1.	CASH AND CASH EQUIVALENTS		$	191,078,954		$	262,103,965
2.	ACCOUNTS RECEIVABLE (NET)		$	274,293,788		$	190,820,483
3.	ASSETS FROM RISK MGMT ACTIVITIES		$	—		$	—
4.	DERIVATIVE HEDGING INSTRUMENTS, S/T		$	—		$	—
5.	INVENTORIES		$	112,675,863		$	114,076,825
6.	OTHER		$	165,899,244		$	171,801,956
7.	TOTAL CURRENT ASSETS		$	743,947,849		$	738,803,229
8.	PROPERTY, PLANT & EQUIPMENT		$	1,160,503,702		$	1,171,998,189
9.	LESS: ACCUMULATED DEPRECIATION / DEPLETION		$	191,354,400		$	193,824,009
10.	LEASEHOLD INTERESTS (NET)		$	—		$	—
11.	CONSTRUCTION WORK IN PROGRESS		$	67,286,459		$	58,125,250
12.	INVESTMENT IN SUSPENDED CONSTRUCTION		$	—		$	—
13.	TOTAL NET PROPERTY, PLANT & EQUIPMENT		$	1,036,435,761		$	1,036,299,430
14.	INVESTMENTS		$	—		$	—
15.	L/T ACCOUNTS RECEIVABLE (NET)		$	728,497		$	728,497
16.	NOTES RECEIVABLE (NET)		$	223,275,000		$	223,275,000
17.	ASSETS FROM RISK MGMT ACTIVITIES		$	11,163,212		$	7,034,729
18.	GOODWILL (NET)		$	799,113,000		$	799,113,000
19.	OTHER INTANGIBLES (NET)		$	162,189,306		$	161,715,497
20.	DERIVATIVE HEDGING INSTRUMENTS, L/T		$	—		$	—
21.	RESTRICTED CASH, NONCURRENT		$	—		$	—
22.	OTHER LONG-TERM ASSETS		$	—		$	—
23.	MISCELLANEOUS DEFERRED CHARGES		$	181,925,209		$	174,302,824
24.	TOTAL NONCURRENT ASSETS		$	1,378,394,224		$	1,366,169,547
25.	TOTAL ASSETS		$	3,158,777,834		$	3,141,272,206
POSTPETITION LIABILITIES
26.	DEBT		$	—		$	—
27.	ACCOUNTS PAYABLE(3)		$	52,054,266		$	38,168,045
28.	LIABILITIES FROM RISK MGMT ACTIVITIES(4)		$	273,616,615		$	271,885,157
29.	OBLIGATIONS UNDER ENERGY DELIVERY COMMITMENTS		$	—		$	—
30.	DERIVATIVE HEDGING INSTRUMENTS		$	—		$	—
31.	OTHER		$	9,054,058		$	5,150,274
32.	MISCELLANEOUS DEFERRED CREDITS		$	—		$	—
33.	TOTAL POSTPETITION LIABILITIES		$	334,724,939		$	315,203,476
PREPETITION LIABILITIES
34.	TOTAL PREPETITION LIABILITIES(2)		$	127,499,436		$	127,482,406
35.	TOTAL LIABILITIES		$	462,224,375		$	442,685,882
EQUITY
36.	MINORITY INTEREST IN SUBSIDIARIES		$	—		$	—
37.	MANDATORILY REDEEMABLE SECURITIES		$	—		$	—
38.	COMMON STOCK		$	—		$	—
39.	ADDITIONAL PAID-IN CAPITAL		$	3,209,986,509		$	3,209,986,507
40.	RETAINED EARNINGS		$	(513,433,050	)	$	(511,400,183	)
41.	TREASURY STOCK, AT COST		$	—		$	—
42.	ACCUMULATED OTHER COMPREHENSIVE INCOME		$	—		$	—
43.	TOTAL EQUITY		$	2,696,553,459		$	2,698,586,324
44.	TOTAL LIABILITIES & OWNERS’ EQUITY		$	3,158,777,834		$	3,141,272,206

(1)	Includes all subsidiaries of the Debtor
(2)	This balance includes the following intercompany amounts
	Mirant Corporation	61,286,920
	Mirant Americas Energy Marketing, LP	10,910,502
	Mirant Americas Inc.	355,845
	Mirant Peaker	15,080,924
	Mirant Potomac River	14,006,623
	Mirant Services	8,426,822
(3)	This balance includes the following intercompany amounts
	Mirant Peaker	182,890
	Mirant Potomac River	331,400
	Mirant Canal	280,000
	Mirant Zeeland	3,456
	Mirant Sugar Creek	2,441
	Mirant Americas Energy Marketing, LP	1,334,437
	Mirant Services	21,462,038
	Mirant Americas Generation	4,488,005
(4)	This balance includes the following intercompany amounts
	Mirant Americas Energy Marketing, LP	271,885,157

CASE NAME: Mirant Mid-Atlantic, LLC

CASE NUMBER: 03-46593-DML

CONSOLIDATED INCOME STATEMENT(1)

		MONTH October 2005			MONTH November 2005			QUARTER TOTAL
REVENUES(2)
1.	GENERATION	$	141,629,103		$	73,019,635		$	214,648,738
2.	NET TRADING REVENUE	$	—		$	—		$	—
3.	DISTRIBUTION	$	—		$	—		$	—
4.	OTHER	$	11,201		$	7,957		$	19,158
5.	NET REVENUE	$	141,640,304		$	73,027,592		$	214,667,896
OPERATING EXPENSES
6.	ENERGY COST	$	54,885,010		$	43,535,974		$	98,420,984
7.	OPERATIONS & MAINTENANCE	$	25,200,926		$	23,391,819		$	48,592,745
8.	DEPRECIATION & AMORTIZATION	$	4,010,722		$	4,062,345		$	8,073,067
9.	GAIN ON SALE OF PROPERTY & INVESTMENTS	$	—		$	—		$	—
13.	IMPAIRMENT LOSS	$	—		$	—		$	—
14.	RESTRUCTURING COSTS	$	73,398		$	76,233		$	149,631
								$	—
15.	TOTAL OPERATING EXPENSES	$	84,170,056		$	71,066,371		$	155,236,427
16.	INCOME BEFORE NON-OPERATING INCOME & EXPENSE	$	57,470,248		$	1,961,221		$	59,431,469
OTHER INCOME & EXPENSES
17.	INTEREST INCOME	$	—		$	—		$	—
18.	INTEREST EXPENSE	$	(1,514,435	)	$	(1,509,032	)	$	(3,023,467	)
19.	EQUITY IN INCOME OF AFFILIATES	$	—		$	—		$	—
20.	OTHER	$	12,000		$	121,838		$	133,838
21.	REORGANIZATION ITEMS	$	2,594,784		$	1,458,840		$	4,053,624
22.	MINORITY INTEREST	$	—		$	—		$	—

23.	NET INCOME FROM DISCONTINUED OPERATIONS	$	—		$	—		$	—
24.	TOTAL OTHER INCOME/(EXPENSE)	$	1,092,349		$	71,646		$	1,163,995
25.
26.
27.	PROVISION FOR INCOME TAX	$	—		$	—		$	—
28.	NET PROFIT (LOSS)	$	58,562,597		$	2,032,867		$	60,595,464

(1)		Includes all subsidiaries of the Debtor
(2)		Gross margin is calculated as Net Revenue less Energy Cost. Gross Margin detail is as follows:

	October 2005		November 2005
Unrealized gains (losses)	61,708,967		(2,397,025		)
Realized gross margin	25,046,327		31,888,643
Total Gross Margin	$	86,755,294	$	29,491,618

CASE NAME: Mirant Mid-Atlantic, LLC		Monthly Operating Report

CASE NUMBER: 03-46593-DML		ACCRUAL BASIS-3

UNCONSOLIDATED

CASH RECEIPTS AND DISBURSEMENTS		MONTH October 2005		MONTH November 2005		MONTH December 2005	QUARTER TOTAL
1.	CASH - BEGINNING OF MONTH	$	93,387,804	$	191,594,242		$	93,387,804
RECEIPTS FROM OPERATIONS
2.	CASH SALES
COLLECTION OF ACCOUNTS RECEIVABLE
3.	PREPETITION
4.	POSTPETITION	$	77,846	$	101,005		$	178,851
5.	TOTAL OPERATING RECEIPTS	$	77,846	$	101,005		$	178,851
	NON - OPERATING RECEIPTS
6.	LOANS & ADVANCES (ATTACH LIST)	$	100,976,729	$	73,719,027		$	174,695,756
7.	INTEREST	$	487,552	$	718,529		$	1,206,081
8.	OTHER (ATTACH LIST)	$	7,409	$	31,671		$	39,080
9.	TOTAL NON-OPERATING RECEIPTS	$	101,471,690	$	74,469,227		$	175,940,917
10.	TOTAL RECEIPTS	$	101,549,536	$	74,570,232		$	176,119,768
11.	TOTAL CASH AVAILABLE	$	194,937,340	$	266,164,474		$	269,507,572
OPERATING DISBURSEMENTS
12.	COLLATERAL DEPOSITS
13.	CONSTRUCTION WIP
14.	DEBT EXPENSE
15.	EMPLOYEE RELATED
16.	INSURANCE
17.	OPERATING AND MAINTENANCE	$	3,343,098	$	3,223,300		$	6,566,398
18.	OUTSIDE SERVICES EMPLOYED
19.	STEAM POWER EXPENSES
20.	TAXES
21.	TRADING EXPENSE
22.	LEASE RENT PAYMENT
23.	LEASE PREPAID
24.
25.
26.	TOTAL OPERATING DISBURSEMENTS	$	3,343,098	$	3,223,300		$	6,566,398
REORGANIZATION EXPENSES
27.	PROFESSIONAL FEES
28.	U.S. TRUSTEE FEES
29.	OTHER (ATTACH LIST)
30.	TOTAL REORGANIZATION EXPENSES
31.	TOTAL DISBURSEMENTS	$	3,343,098	$	3,223,300		$	6,566,398
32.	NET CASH FLOW	$	98,206,438	$	71,346,932		$	169,553,370
33.	CASH - END OF MONTH	$	191,594,242	$	262,941,174		$	262,941,174

6.	Loans and advances
	MAEM payments (to) / from	$	122,962,027		$	115,746,276
	Payments (to) / from other Mirant affiliates	$	1,058
	Payment (to) Mirant Services	$	(5,887,028	)	$	(22,607,053	)
	Payment (to) MAGI
	Payment (to) / from Mid-Atlantic Interco.	$	(38,417,358	)	$	(28,328,781	)
	Interest Receivable from I/C
	Cash sweeps:
	Mirant Chalk Point LLC	$	22,227,200		$	9,342,170
	Mirant DC O&M LLC
	Mirant Piney Point LLC	$	213,406		$	(352,629	)
	Mirant MD Ash Management LLC	$	(122,576	)	$	(80,956	)

	Total to Line 6	$	100,976,729		$	73,719,027

8.	Other
	Refunds and misc receipts	$	7,188		$	28,381
	Adjustments and writeoffs
	Voided Checks (from previous period)	$	221		$	3,290

	Total to Line 8	$	7,409		$	31,671

		Monthly Operating Report

CASE NAME:	Mirant Mid-Atlantic, LLC.	ACCRUAL BASIS-4

CASE NUMBER:	03-46593-DML

		SCHEDULE	MONTH	MONTH	MONTH
ACCOUNTS RECEIVABLE AGING - Third Party		AMOUNT	October 2005	November 2005	December 2005
1.	0-30		8,453	405,874
2.	31-60
3.	61-90
4.	91+		2,800,834	2,636,235
5.	TOTAL ACCOUNTS RECEIVABLE		2,809,287	3,042,109
6.	AMOUNT CONSIDERED UNCOLLECTIBLE		1,206,000	1,222,880
7.	ACCOUNTS RECEIVABLE (NET)		1,603,287	1,819,229

		SCHEDULE	MONTH	MONTH	MONTH
ACCOUNTS RECEIVABLE AGING - Affiliate		AMOUNT	October 2005	November 2005	December 2005
1.	0-30		14,956,514	33,436,319
2.	31-60
3.	61-90
4.	91+		38,331,084	38,330,909
5.	TOTAL ACCOUNTS RECEIVABLE		53,287,598	71,767,228	—
6.	AMOUNT CONSIDERED UNCOLLECTIBLE
7.	ACCOUNTS RECEIVABLE (NET)		53,287,598	71,767,228	—

AGING OF POSTPETITION TAXES AND PAYABLES

MONTH:

November 2005

0-30

31-60

61-90

91+

TAXES PAYABLE

DAYS

TOTAL

FEDERAL

STATE

LOCAL

OTHER (ATTACH LIST)

TOTAL TAXES PAYABLE

ACCOUNTS PAYABLE

49,863,872

See Monthly Operating Report for Mirant Services, LLC

STATUS OF POSTPETITION TAXES			MONTH:	November 2005

		BEGINNING	AMOUNT		ENDING
		TAX	WITHHELD AND/	AMOUNT	TAX
		LIABILITY*	0R ACCRUED	PAID	LIABILITY
FEDERAL
1.	WITHHOLDING**
2.	FICA-EMPLOYEE**
3.	FICA-EMPLOYER**
4.	UNEMPLOYMENT
5.	INCOME
6.	OTHER (ATTACH LIST)
7.	TOTAL FEDERAL TAXES
STATE AND LOCAL
8.	WITHHOLDING
9.	SALES
10.	EXCISE
11.	UNEMPLOYMENT
12.	REAL PROPERTY
13.	PERSONAL PROPERTY
14.	OTHER (ATTACH LIST)
15.	TOTAL STATE & LOCAL
16.	TOTAL TAXES

See Monthly Operating Report for Mirant Services, LLC

*		The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero.
**		Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit.

		Monthly Operating Report

CASE NAME: Mirant Mid-Atlantic, LLC		ACCRUAL BASIS-5

CASE NUMBER: 03-46593-DML		02/13/95, RWD, 2/96

The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.

BANK RECONCILIATIONS

MONTH:

November 2005

		Account #1	Account #2	Account #3	TOTAL
A.	BANK:	Bank of America, N.A.	Bank of America, N.A.
B.	ACCOUNT NUMBER:	375-173-8754	329-900-0275

		Customer Connection Analyzed Checking		Controlled Disbursement Checking
C.	PURPOSE (TYPE):
1.	BALANCE PER BANK STATEMENT	$	798,120	$	620,516		$	1,418,636
2.	ADD: TOTAL DEPOSITS NOT CREDITED						$	—
3.	SUBTRACT: OUTSTANDING CHECKS			$	(1,241,282	)	$	(1,241,282	)
4.	OTHER RECONCILING ITEMS			$	1,768		$	1,768
5.	MONTH END BALANCE PER BOOKS						$	179,122
6.	NUMBER OF LAST CHECK WRITTEN			# 7004538

INVESTMENT ACCOUNTS

		DATE OF	TYPE OF	PURCHASE		CURRENT
BANK, ACCOUNT NAME & NUMBER		PURCHASE	INSTRUMENT	PRICE		VALUE
7.	Federated - Account 4551620					$	232,676,110
8.	Nations Funds - Account 5007837957					$	30,081,842
9.
10.
11.	TOTAL INVESTMENTS			$	—	$	262,757,952

CASH

12.	CURRENCY ON HAND	$	4,100

13.	TOTAL CASH - END OF MONTH	$	262,941,174

CASE NAME: Mirant Mid-Atlantic, LLC		Monthly Operating Report
		ACCRUAL BASIS-6
CASE NUMBER: 03-46593-DML		MONTH: November 2005

PAYMENTS TO INSIDERS AND PROFESSIONALS

OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.

INSIDERS

		TYPE OF	AMOUNT		TOTAL PAID
NAME		PAYMENT	PAID		TO DATE
1.
2.
3.
4.
5.
6.	TOTAL PAYMENTS TO INSIDERS		$	0	$	0

There were no payments made by this Debtor to insiders.

PROFESSIONALS

		DATE OF							TOTAL
		COURT	AMOUNT		AMOUNT		TOTAL PAID		INCURRED
NAME		ORDER	APPROVED		PAID		TO DATE		& UNPAID *
1.
2.
3.
4.
5.
6.	TOTAL PAYMENTS TO PROFESSIONALS		$	0	$	0	$	0	$	0

See Monthly Operating Report for Mirant Services, LLC

* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND

ADEQUATE PROTECTION PAYMENTS

		SCHEDULED		AMOUNTS
		MONTHLY		PAID		TOTAL
		PAYMENTS		DURING		UNPAID
NAME OF CREDITOR		DUE		MONTH		POSTPETITION
1.
2.
3.
4.
5.
6.	TOTAL	$	0	$	0	$	0

See Monthly Operating Report for Mirant Services, LLC

CASE NAME:	Mirant Mid-Atlantic, LLC	Monthly Operating Report
		ACCRUAL BASIS-7
CASE NUMBER:	03-46593-DML	MONTH: November 2005

QUESTIONNAIRE

		YES	NO
1.	HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?		X
2.	HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?		X
3.	ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) PAST DUE FROM RELATED PARTIES?	X
4.	HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?		X
5.	HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?	X
6.	ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?		X
7.	ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?		X
8.	ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?		X
9.	ARE ANY OTHER POSTPETITION TAXES PAST DUE?		X
10.	ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?		X
11.	HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?		X
12.	ARE ANY WAGE PAYMENTS PAST DUE?		X

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.

3		Postpetition receivables from affiliates not exceeding $11k were past due at November 30, 2005
5		As a result of cash sweep arrangements with subsidiaries

INSURANCE

		YES	NO
1.	ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT?	X
2.	ARE ALL PREMIUM PAYMENTS PAID CURRENT?	X
3.	PLEASE ITEMIZE POLICIES BELOW.

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “NO,” OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.

See Monthly Operating Report for Mirant Services, LLC for insurance information.

INSTALLMENT PAYMENTS

TYPE OF POLICY	CARRIER	PERIOD COVERED	PAYMENT AMOUNT & FREQUENCY