On the block

Mirant is weighing selling itself. This may seem a bit hasty - the power producer only emerged from Chapter 11 in January 2006. But the path the company has taken since bankruptcy makes the choice seem relatively simple. A sale looks likely. Like competitors such as Enron and Calpine, Mirant went overboard in the 1990s and overbuilt power plants. Bankruptcy allowed the company to reduce its crippling debt load into a more manageable sum. It has spent its time since finishing the task of clean u...