 In 2006, the United States-based Mirant Corporation, facing a severe financial situation, announced that part of Mirant's restructuring efforts includes the intent to sell off their part ownership of PowerGen.Following that announcement, the government of Trinidad and Tobago placed the overall structure of T&TEC and PowerGen under review for future possible amalgamation.The companies T&TEC, Mirant and BP currently owns 51%, 39% and 10% of the PowerGen company respectively.