Shaw/Westinghouse Awarded EPC Contract

Sept. 28, 2010

The Nuclear Division of the Power Group at Shaw Group Inc. of Baton Rouge and Westinghouse Electric Company, its AP1000 consortium partner, has been awarded an engineering, procurement and construction (EPC) contract by Progress Energy Florida Inc. for two nuclear units in Levy County, FL. The value of Shaw's contract is undisclosed.

The first AP1000 unit at Levy County is expected to be operational in 2016, pending the client obtaining the appropriate regulatory approvals. The second unit would begin commercial operation a year later.

The Nuclear Division of the Power Group at Shaw Group Inc. of Baton Rouge and Westinghouse Electric Company, its AP1000 consortium partner, has been awarded an engineering, procurement and construction (EPC) contract by Progress Energy Florida Inc. for two nuclear units in Levy County, FL. The value of Shaw's contract is undisclosed.

The first AP1000 unit at Levy County is expected to be operational in 2016, pending the client obtaining the appropriate regulatory approvals. The second unit would begin commercial operation a year later.

Portions of the AP1000 units will be assembled at a 600,000-square-foot module assembly fabrication that Shaw previously announced it will build in Lake Charles, LA. The facility, which is being constructed on a 300-acre site at the Port of Lake Charles, will primarily produce structural, piping and equipment modules for AP1000 nuclear power plants.