AECOM engaged as owner’s engineer for Champlain Hudson Power Express project

  AECOM engaged as owner’s engineer for Champlain Hudson Power Express project

Business Wire

LOS ANGELES -- January 10, 2013

AECOM Technology Corporation (NYSE: ACM), a leading global provider of
professional technical and management support services for public and private
clients in more than 130 countries around the world, announced today that it
has been engaged by Transmission Developers Inc. (TDI) of Albany, N.Y., as
owner’s engineer for the Champlain Hudson Power Express project (CHPE).

CHPE is a high-voltage direct current (HVDC) buried and submarine cable
transmission project that will bring 1,000 megawatts of clean power, primarily
generated by wind and hydropower, to the New York City metropolitan area. The
transmission route will travel through New York starting at the U.S.-Canada
border and pass through Lake Champlain; railroad and public rights of way; and
the Hudson, Harlem and East rivers; and end in Queens. The US$2.2-billion
merchant transmission project is being developed with private sector
investment led by the Blackstone Group LP and is expected to be in service by
late 2017.

As owner’s engineer, AECOM will support supplier and contractor selection and
negotiation, environmental and regulatory permitting and compliance, and
oversight of all aspects of project construction on behalf of TDI.

“AECOM is committed to playing a major role in the upgrade of energy
infrastructure around the world,” said AECOM Chairman and Chief Executive
Officer John M. Dionisio. “We are delighted to play a key role in a marquee
project that will lower costs, increase reliability and reduce emissions as we
bring to bear our extensive experience on assignments that encompass
alternative energy, transmission and distribution, power generation and energy
management.”

Donald Jessome, president and Chief Executive Officer of TDI, said, “We are
extremely pleased to be working with AECOM and look forward to fully utilizing
its world-class team as we complete this very important energy project, which
will upgrade the transmission infrastructure and bolster the economy of New
York state.”

AECOM has worked with more than 300 utilities and developers around the world.
It was ranked as the world’s No. 1 global design firm by Engineering
News-Record magazine for the last three years. Its broad range of services
includes turnkey engineer-procure and construct (EPC) projects to engineer of
record and owner’s engineer assignments, including high-voltage upland and
marine transmission projects.

About AECOM

AECOM is a global provider professional technical and management support
services to a broad range of markets, including transportation, facilities,
environmental, energy, water and government. With approximately 45,000
employees around the world, AECOM is a leader in all of the key markets that
it serves. AECOM provides a blend of global reach, local knowledge, innovation
and technical excellence in delivering solutions that create, enhance and
sustain the world's built, natural, and social environments. A Fortune 500
company, AECOM serves clients in more than 130 countries and had revenue of
$8.2 billion during the 12 months ended Sept. 30, 2012. More information on
AECOM and its services can be found at www.aecom.com.

About CHPE and TDI

The Champlain Hudson Power Express Project is a completely buried, 333-mile
HVDC transmission line that will be installed underground and underwater,
originating at the U.S.-Canada border and running the length of Lake Champlain
and through parts of the Hudson River to New York City.

In development since 2008, the project will bring 1,000 megawatts of clean,
reliable energy to meet growing needs and is at the forefront of America's
emerging "smart grid" revolution. The project is projected to reduce energy
costs for consumers and businesses by $650 million a year once complete. These
savings are estimated create 2,400 new jobs across a wide spectrum of the
economy. While under construction, the Champlain Hudson Power Express is
expected to create an average of 300 construction jobs during the
approximately four-year construction period.

The project will also diversify the state's energy portfolio, and increase the
electric grid’s safety and security by creating new, hardened infrastructure
that is less susceptible to damage from natural disasters.

TDI was acquired by the Blackstone Group LP, which has its headquarters in New
York City, in January 2010. TDI has its headquarters in Albany, N.Y. More
information is available online at www.chpexpress.com.

Forward-Looking Statements: All statements in this press release other than
statements of historical fact are "forward-looking statements" for purposes of
federal and state securities laws, including any projections of earnings,
statements of plans for future operations or expected revenue. Actual results
could differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause actual results
to differ materially from our forward-looking statements are set forth in our
annual report on Form 10-K for the fiscal year ended Sept. 30, 2012, and our
other reports filed with the U.S. Securities and Exchange Commission. AECOM
does not intend, and undertakes no obligation, to update any forward-looking
statement.

Contact:

AECOM Technology Corporation
Paul Dickard, VP, External Communications, 646-432-8473
Paul.Dickard@aecom.com
 
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