8-K, EX-99, 2001-01-19
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Exhibit 99.2


News Media Contact:
James Peters, (678) 579-5266
Jamie Stephenson, (678) 579-7117

                                                         January 19, 2001

                          Southern Energy is now Mirant

Mirant sees the opportunity to change the world with our energy.

ATLANTA - Southern Energy Inc (NYSE:  SOE), a global  independent power producer
and leading energy  marketing and risk  management  company,  announced today it
will become Mirant Corporation (NYSE: MIR).

         "Our new corporate identity gives us a great opportunity to communicate
a consistent message around the world about who we are as a company, our vision,
and  strategies,"  said Marce Fuller,  chief  executive  officer and  president,

         Mirant is derived from the Latin root Mira, which means "to see" or "to
envision." In the Mirant mark, two triangular shapes intersect to create a third
triangular  element,  which  portrays a sense of corporate  unity in joining the
company's three  geographically  diverse business groups  (Americas,  Europe and
Asia-Pacific).  It also reinforces the company's strategy to combine operational
excellence  and risk  management  skills  to  create  the  company's  integrated
business model.  The  transparency of the symbol reflects the corporate vision -
"We see the opportunity to change the world with our energy."

         "The  announcement  of the new company name marks another  milestone as
Mirant works toward the full spin-off from Southern  Company,  anticipated to be
April 2,  2001,"  said  Fuller.  "We wanted to retain the proud  images from our
Southern  Company  heritage -  technical  expertise,  financial  strength  and a
commitment to the  communities  where we operate,  but we want to build a strong
new  image  for our  company  -  innovative,  market  driven,  global  and  well
positioned for future success."


Southern Energy is now Mirant cont.     2                          Jan. 19, 2001

         Mirant  plans to launch  its  advertising  campaign  on  January  22 in
worldwide  editions  of the Wall Street  Journal,  the  Financial  Times and the
Economist.  Additionally,  ads are  set to run in  Institutional  Investor,  the
Atlanta   Journal-Constitution,   the  Houston   Chronicle   and  various  trade

         Mirant will begin trading on the New York Stock Exchange Jan. 22, 2001,
 under the symbol "MIR".

         Southern Energy, now operating as Mirant, is a global independent power
producer  and a leading  energy  marketing  and  risk-management  company,  with
extensive  operations in North America,  Europe and Asia.  Mirant owns more than
17,900  megawatts of electric  generating  capacity around the world,  including
about 12,500 megawatts in the United States,  with another 7,000 megawatts under
advanced development. Mirant is 80 percent owned by Southern Company (NYSE: SO).

Caution regarding forward-looking statements:

"The  information  presented  above  includes  forward-looking   statements,  in
addition to historical  information.  Southern Energy cautions that there can be
no assurance  that such  indicative  results will be realized and that there are
various  important  factors that could cause actual results to differ materially
from those indicated in the forward-looking statements, such as, but not limited
to (i) changes in government regulations (including  environmental  regulations)
and anticipated  deregulation of the electric energy  industry;  (ii) additional
competition in Southern Energy's markets;  (iii) potential business  strategies,
including  acquisitions  or  dispositions  of assets  that  Southern  Energy may
pursue;  (iv)  political,  legal and economic  conditions  and  developments  in
Southern  Energy's  markets;  (v) financial market conditions and the results of
financing  efforts;  (vi) changes in commodity prices and interest rates;  (vii)
weather and other natural  phenomena;  (viii) the performance of Southern Energy
projects   and   investments   and  the   success  of  efforts  to  develop  new
opportunities;  (ix) approval of the anticipated  spin-off by Southern Company's
Board of Directors;  (x) additional factors affecting Southern Company's Board's
decision  concerning  the  spin-off or the date of the  spin-off  from  Southern
Company,  including,  but not limited to, (a) general market  conditions and the
relative market price of Southern  Energy's common stock and Southern  Company's
common stock,  (b) receipt of a supplemental  ruling from the IRS, if necessary,
determining  that the transaction  will qualify as a tax-free  distribution  for
U.S. tax  purposes,  (c) receipt of necessary  regulatory  orders with terms and
conditions  acceptable to Southern Company, (d) the absence of any court orders,
regulations,  adverse regulatory action or contractual  restrictions prohibiting
or restricting the completion of the spin-off,  (e) other  conditions  effecting
Southern  Energy or Southern  Company and (f) certain  modifications  of lending
agreements that a number of banks have in place with Southern  Energy;  and (xi)
other factors,  whether  discussed  above or in reports filed by Southern Energy
and Southern  Company (and its  subsidiaries)  with the  Securities and Exchange

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