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Shaw awarded EPC contract for 585 MW power plant

5-April-07 -- The Shaw Group Inc. has been awarded an engineering, procurement and construction (EPC) contract by Dominion for a new 585 MW electricity generating plant in southwest Virginia. The new plant will incorporate clean coal technologies and two circulating fluidized bed (CFB) boilers supplying steam to a single steam turbine generator. The EPC contract will be executed in two phases. The first phase involves design optimization, engineering, major equipment selection and finalization of the project cost estimate. Upon a successful development phase and necessary state and regulatory approvals, Shaw expects to continue with the second phase, including all of the engineering, procurement and construction activities. Based on current projections, the new facility would be in commercial operation by the summer of 2012. The value of Shaw's contract was not disclosed.

J.M. Bernhard, Jr., Chairman, President and Chief Executive Officer of Shaw, said, "We are very pleased to have been selected by Dominion to design, engineer and construct this new clean-energy technology plant which will be capable of using run-of-mine coal, waste coal, and renewable biomass (wood waste) fuels to generate power in an environmentally sound and cost-effective process. Using CFB technology, Dominion's new plant would be one of the cleanest of its type in the world and will provide economical energy to Dominion's customers."

Dominion is one of the nation's largest producers of energy, with a portfolio of about 26,300 MW of generation, about 6.6 trillion cubic feet equivalent of proved natural gas reserves and 7,800 miles of natural gas transmission pipeline. Dominion also operates one of the nation's largest underground natural gas storage systems with about 950 billion cubic feet of storage capacity and serves retail energy customers in 11 states.




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