(Source: Business Wire)
The Shaw Group Inc. (NYSE: SGR) today announced the Maintenance and Fossil & Nuclear segments of its Power Group and Westinghouse Electric Company have been awarded a new long-term alliance contract with South Carolina Electric & Gas Company (SCE&G), the principal subsidiary of SCANA Corporation (NYSE: SCG), to provide nuclear maintenance, modification, refueling outage and design engineering services to its V.C. Summer Nuclear Station Unit 1, located in Jenkinsville, S.C.
The contract is an extension of the relationship established by Shaw and Westinghouse to provide engineering, procurement and construction services for two new AP1000TM nuclear power units, V.C. Summer Units 2 and 3, operated by SCE&G and the South Carolina Public Service Authority (Santee Cooper).
Under the new contract, Shaw will provide maintenance, modification, refueling outage and design engineering services to V.C. Summer Unit 1 immediately and Units 2 and 3 once they are complete. Units 2 and 3 are scheduled for commercial operation dates of 2016 and 2019, respectively.
The value of Shaw's cost reimbursable contract, which will be included in the company's fourth quarter fiscal year 2009 backlog of unfilled orders, was not disclosed.
"South Carolina Electric & Gas and Santee Cooper are visionary companies taking bold steps to provide safe, efficient and carbon-free baseload power generation, " said Fred Buckman, president of Shaw's Power Group. "Teaming our maintenance, modification and engineering services enhances our ability to respond quickly, safely and effectively to our client's needs, which reduces costs to them and their customers."
Shaw provides systemwide maintenance and modification services to approximately 36 percent (37 of 104 operating units) of U.S. nuclear reactors, including the country's two largest nuclear fleets. Shaw is a leader in nuclear refueling outage performance with significantly shorter outages than the industry average and has performed uprates and studies on 48 operating pressurized water reactor (PWR) and boiling water reactor (BWR) nuclear units, adding more than 2,250 MWe to the U.S. grid.
SCE&G is a regulated public utility that provides natural gas service to approximately 309,000 customers in South Carolina. SCE&G also is engaged in the generation, transmission, distribution and sale of electricity to approximately 652,000 customers throughout the state. Information about SCE&G is available on the company's Web site at www.sceg.com.
