Common Contracts

SETTLEMENT AGREEMENT AND RELEASE

Settlement Agreement • May 30th, 2006 • District of Columbia

• Contract Type
  Settlement Agreement
• Filed
  May 30th, 2006
• Jurisdiction
  District of Columbia

This Settlement Agreement and Release (this "Agreement") is dated as of May 30, 2006, by and among (i) Southern Maryland Electric Cooperative, Inc. ("SMECO") and (ii) Mirant Corporation ("New Mirant"); MC 2005, LLC, f/k/a Mirant Corporation ("Old Mirant"); Mirant Mid-Atlantic, LLC; Mirant Potomac River, LLC; Mirant Chalk Point, LLC; Mirant Piney Point, LLC; Mirant MD Ash Management, LLC; and the MC Plan Trust (as defined in Schedule 1) (New Mirant and the other entities identified in this clause (ii) are referred to herein collectively as the "Mirant Settling Parties").