Quanta Services Selected By TransCanada For Houston Lateral Pipeline Project

 Quanta Services Selected By TransCanada For Houston Lateral Pipeline Project

PR Newswire

HOUSTON, Oct. 30, 2013

HOUSTON, Oct. 30, 2013 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) today
announced that Price Gregory International, a Quanta Services company, was
selected to install pipeline infrastructure for TransCanada Corporation's
Houston Lateral Project. Price Gregory will construct and install
approximately 48 miles of 36-inch diameter steel pipe to interconnect
TransCanada's Gulf Coast Pipeline to refineries in the Houston, Texas
marketplace. The Houston Lateral pipeline should increase Houston refiners'
access to U.S. and Canadian oil for refining once the project is complete.

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"Quanta values its long-standing relationship with TransCanada," said Jim
O'Neil, president and chief executive officer of Quanta Services. "This
project will support approximately 650 construction-related jobs for Quanta
employees and subcontractors, in addition to the survey, inspection, project
management and other personnel provided by TransCanada for the project. As the
largest pipeline construction company in North America, Quanta has significant
resources, a track record of safe execution and we believe the best people in
the business. We look forward to safely executing the Houston Lateral

Price Gregory has a limited notice to proceed on the project and expects it to
be completed in the spring of 2014.

About Quanta Services
Quanta Services is a leading specialized contracting services company,
delivering infrastructure solutions for the electric power and natural gas and
pipeline industries. Quanta's comprehensive services include designing,
installing, repairing and maintaining energy infrastructure. Additionally,
Quanta licenses point-to-point fiber optic telecommunications infrastructure
in certain markets and offers related design, procurement, construction and
maintenance services. With operations throughout North America and in certain
international markets, Quanta has the manpower, resources and expertise to
safely complete projects that are local, regional, national or international
in scope. For more information, visit www.quantaservices.com.

Forward-Looking Statements
This press release (and any oral statements regarding the subject matter of
this press release) contains forward-looking statements intended to qualify
for the "safe harbor" from liability established by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include, but are
not limited to: any expected value of the contract with TransCanada, the
scope, services, terms and results of the project awarded under the contract,
the anticipated commencement and completion dates for the project, the safety,
efficiency or success of the project, the impact of the project on jobs and
the mobility of oil and natural gas, and prospective growth in the demand for
infrastructure, as well as statements reflecting expectations, intentions,
assumptions or beliefs about future events and other statements that do not
relate strictly to historical or current facts. Although Quanta's management
believes that the expectations reflected in such forward-looking statements
are reasonable, it can give no assurance that such expectations will prove to
be correct. These statements can be affected by inaccurate assumptions and by
a variety of risks and uncertainties that are difficult to predict or beyond
our control, including, among others, the effects of industry, economic or
political conditions outside of the control of Quanta; successful performance
and completion of the contract and the project awarded thereunder; failure to
realize the anticipated value of the contract or the project; the potential
for incurrence of damages or other claims for schedule delays or performance
shortfalls, including as a result of warranty claims following completion of
the project; the failure of subcontractors to perform their obligations,
including warranty obligations, under their subcontracts; adverse changes in
economic conditions and trends in relevant markets; delays, reductions in
scope or cancellations of the contract or the project awarded thereunder,
including as a result of weather, regulatory or environmental issues;
cancellation and termination provisions present in the contract; and other
factors affecting the business of the Quanta generally, including risks
detailed in Quanta's Annual Report on Form 10-K for the year ended December
31, 2012, Quanta's Quarterly Reports on Form 10-Q for the applicable quarters
in 2013 and any other documents filed by Quanta with the Securities and
Exchange Commission (SEC). Should one or more of these risks materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from those expressed or implied in any forward-looking statements.
Investors are cautioned not to place undue reliance on these forward-looking
statements, which are current only as of this date. Quanta does not undertake
and expressly disclaims any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Quanta further expressly disclaims any written or oral statements
made regarding the subject matter of this press release by any third party.
For a discussion of these risks, uncertainties and assumptions, investors are
urged to refer to Quanta's documents filed with the SEC that are available
through the company's web site at www.quantaservices.com or through the SEC's
Electronic Data Gathering and Analysis Retrieval System (EDGAR) at

Investors - Kip Rupp, CFA Media - Deborah Buks and Molly LeCronier
Quanta Services, Inc.      Ward Creative Communications
713-341-7260               713-869-0707

SOURCE Quanta Services, Inc.

Website: http://www.quantaservices.com
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