Shaw Group Awarded Maintenance and Modifications Contracts

The Shaw Group subsidiary, Stone & Webster Construction, Inc., has been awarded a seven year contract to provide maintenance and modifications services to STP Nuclear Operating Company which operates the South Texas Project Electric Generating Station (STPEGS). Under this agreement, Stone & Webster will provide labour, administrative and management personnel support at STPEGS.

In addition, Stone & Webster, Inc., has been awarded a contract to provide engineering support to Tennessee Valley Authority's (TVA) nuclear facility, Browns Ferry - Units 2 and 3. This award also qualifies Stone & Webster to provide engineering and design services as required at any of TVA's power production and transmission operations.

A major provider of nuclear services in the United States, Stone & Webster has furnished engineering support to more than 90 percent of the nation's nuclear facilities and is the domestic leader in the supply of multi-station contract maintenance, decommissioning and plant restart construction services. This latest award places Shaw's market share of the maintenance and modifications labour services for nuclear facilities in the U.S. at approximately 33 percent.

STP's twin reactors produce more than 2,500 megawatts of electricity; enough for more than one million homes in Texas. The plant is managed by the STP Nuclear Operating Company and owned by AEP Texas Central Company, Austin Energy, City Public Service of San Antonio, and Texas Genco, LP.

Tennessee Valley Authority is the nation's largest public power producer, and its power system is self-financed. TVA provides power to large industries and 158 power distributors that serve 8.3 million consumers in seven southeastern states.