In ATLANTA item headlined "Mirant posts 3rd qtr loss, hurt by trading," please read in 5th paragraph as ... Mirant still plans to restate its 2000 and 2001 financial statements ... instead of ... Mirant's restated its 2000 and 2001 financial statements ... (clarifies that Mirant has not restated its results yet).

A corrected repetition follows:

ATLANTA, Dec 20 (Reuters) - Mirant Corp. MIR.N on Friday reported a third-quarter net loss of $1 million, as the devastation in the energy trading business takes it toll on the debt-laden power producer and trader.

Atlanta-based Mirant said the loss, on a per share basis, was less than 1 cent, compared with restated net income of $234 million, or 67 cents a share, in the year-ago quarter.

Excluding special items, the company reported earnings per share of 33 cents. On that basis, analysts forecast earnings of 40 cents to 60 cents a share, with a consensus estimate of 47 cents a share, according to research firm Thomson First Call.

Revenue fell to $2.26 billion from $2.48 billion in the prior-year quarter.

Mirant still plans to restate its 2000 and 2001 financial statements. A reaudit was initiated last month after accounting errors led to the overstatement of $41 million of net income over more than two years.

Reuters

-- Anonymous, December 28, 2002