Shaw Awarded Fossil Power Maintenance Contract by Exelon Corporation
The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded a three-year contract with Exelon Corporation (NYSE: EXC) to provide maintenance services to the Handley and Mountain Creek natural gas/oil power generating stations in Fort Worth and Dallas, Texas. The fossil maintenance contract is in addition to Shaw's contract with Exelon to provide fleetwide nuclear power maintenance and modification services.
Shaw is one of the largest maintenance providers to the power and process industries in the U.S., offering full-service plant engineering, reliability, turnaround and outage services with capital construction management and modification support. Under the new contract, Shaw will provide routine maintenance/modifications and facilities services to six fossil fuel units.
Shaw began providing nuclear maintenance service to Exelon in 2001 as part of a joint venture, which transitioned into a single contract with Shaw in 2007. During its nine-year relationship, Shaw has assisted Exelon in achieving industry refueling outage records, including:
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Shortest boiling water reactor refueling outage
- Shortest pressurized water reactor refueling outage
- Longest operating period between refuelings
"Contractors are an integral part of successful operations at Exelon Power Texas. We look forward to our partnership with Shaw as we continue to meet the needs of our customers by providing safe, reliable and environmentally sound operations," said Gerome Randle, general manager of Exelon Power Texas.
"Exelon demands excellence in performance, and we have proven our ability to meet expectations safely and effectively," said Fred Buckman, president of Shaw's Power Group. "The addition of fossil power maintenance and modification services strengthens our support of Exelon while increasing our presence in the fossil sector."
The undisclosed value of the contract was included in Shaw's Maintenance segment's backlog of unfilled orders in the second quarter of fiscal year 2010.
Shaw is an expert in retrofitting existing fossil power plants with air quality control systems, including wet and dry flue gas desulfurization, NOx and mercury removal and particulate emissions control systems. Shaw is also an industry leader in systemwide maintenance and modification, servicing 35 percent of U.S. nuclear reactors, including the country's two largest nuclear fleets.
The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2009 annual revenues of $7.3 billion, Shaw has approximately 28,000 employees around the world.
Posted 26/03/2010
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