Shaw to Implement Air Quality Control Program for FirstEnergy Corp.
BATON ROUGE, La. -- October 02, 2012
The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded a
contract by FirstEnergy Corp. for an air quality control program for 22
coal-fired units at eight sites in Ohio, Pennsylvania and West Virginia. The
units represent more than 11,000 megawatts of electric generating capacity.
Shaw will provide engineering, procurement and construction management for
modern air quality control technologies to help reduce emissions including
sulfur dioxide, mercury, particulate and hydrogen chloride.
“With proven technical expertise and project execution capabilities, Shaw is
able to help clients meet regulatory requirements, as well as provide safe,
reliable electricity in an environmentally responsible way,” said Eli Smith,
president of Shaw’s Power Group. “Shaw expects to play an integral role in
helping power generators develop and implement compliance strategies that will
meet federal and local air regulations.”
Shaw is a leading provider of air quality control systems, including wet and
dry flue gas desulfurization, dry sorbent injection, nitrogen oxides and
mercury removal, and particulate emissions control systems. Shaw has performed
emissions retrofits on more than 40,000 MW of generation within the past 10
The undisclosed value of the contract will be booked in phases as work is
released, with the development phase included in Shaw’s Power segment’s
backlog of unfilled orders in the first quarter of fiscal year 2013.
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 2011 annual
revenues of $5.9 billion, Shaw has approximately 25,000 employees around the
world and is a power sector industry leader according to Engineering
News-Record’s list of Top 500 Design Firms. For more information, please visit
Shaw’s website at www.shawgrp.com.
This press release contains forward-looking statements and information about
our current and future prospects and our operations and financial results,
which are based on currently available information. The forward-looking
statements include assumptions about our operations, such as cost controls and
market conditions, that may not be realized. Actual future results and
financial performance could vary significantly from those anticipated in such
statements. We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, the occurrence of certain
events or otherwise.
Among the factors that could cause future events or transactions to differ
from those we expect are those risks discussed under Item 1A “Risk Factors” in
our Annual Report on Form 10-K for the fiscal year ended August 31, 2011, our
Quarterly Reports on Form 10-Q for the quarters ended November 30, 2011,
February 29, 2012, and May 31, 2012, and other reports filed with the
Securities and Exchange Commission (SEC). Please read our “Risk Factors” and
other cautionary statements contained in these filings.
As a result of these risks and others, actual results could vary significantly
from those anticipated in this press release, and our financial condition and
results of operations could be materially adversely affected.
Media and Financial Contact:
The Shaw Group Inc.
Gentry Brann, 225-987-7372
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