Babcock & Wilcox Names New CEO
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that it has appointed Leslie C. Kass to serve as Chief Executive Officer and a member of the Company’s Board of Directors, effective immediately. Jim Ferland will work closely with Ms. Kass, the management team and the Board in the role of Executive Chairman until…
Fluor Completes Major Transmission Lines in Puerto Rico
Fluor Corporation (NYSE:FLR) confirmed today that the company, working under its contract with the U.S. Army Corps of Engineers (USACE) in support of a Federal Emergency Management Agency (FEMA) mission to help repair and restore the power grid in Puerto Rico, has completed work on two 115kv transmission lines between substations in Sabana Llana and…
Dominion Energy and SCANA Agree to Merger
Dominion Energy, Inc. (NYSE: D) and SCANA Corporation (NYSE: SCG) today announced an agreement for the companies to combine in a stock-for-stock merger in which SCANA shareholders would receive 0.6690 shares of Dominion Energy common stock for each share of SCANA common stock, the equivalent of $55.35 per share, or about $7.9 billion based on Dominion…
Atlantic Coast Pipeline Signs Project Labor Agreements with Trade Unions
Atlantic Coast Pipeline, LLC announced today it has signed Project Labor Agreements with the nation’s four leading building and construction trade unions. The agreements reaffirm the Atlantic Coast Pipeline project’s commitment to hiring skilled union workers for the pipeline’s construction. The agreements were signed with the Laborers’ International Union of North America (LiUNA), Teamsters National Pipeline (Teamsters),…
SCE&G First Utility in South Carolina to Achieve 42 Megawatts of Utility-Scale Solar
SCE&G has met the utility-scale solar goal set forth by the South Carolina Distributed Resource Program Act, or Act 236, by producing 42 megawatts (MW) of utility-scale solar power by 2020. The achievement was celebrated today, along with the dedication of the Otarre Solar Park. Otarre Solar Park developer TIG Sun Energy and project builder…
Cypress Creek Announces Plans for Solar Investment and Jobs
Cypress Creek Renewables announced a plan to invest $1.5 billion to build 2 gigawatts of solar power in South Carolina, according to Adams and Reese LLP. The more than 80 projects will create 10,000 construction jobs and power more than 600,000 homes. The company is working with Greenville Technical College to create a first-of-its-kind solar job…
Bechtel Selected to Help Radioactive Waste Cleanup at South Carolina Site
Bechtel has been selected as part of a joint venture to provide liquid waste services at a U.S. Department of Energy site in South Carolina. The Savannah River Site produced materials for nuclear defense during the Cold War. Bechtel National Inc. is a member of Savannah River EcoManagement, LLC along with BWXT Technical Services Group…
Santee Cooper Could be Sold
According to media reports, several out-of-state companies are exploring an acquisition of South Carolina-based Santee Cooper. The State Newspaper reported one unnamed company has submitted a bid to buy all of Santee Cooper or its assets. Officials with Gov. Henry McMaster’s office expect up to three more bids. Saddled with over $4.3 billion in debt…
Power Infrastructure Needs Drive Burns & McDonnell Expansion in Carolinas
With many of the Power industry’s largest and most complex infrastructure upgrades currently underway along the Eastern Seaboard, Burns & McDonnell has expanded its engineering and technical service presence in the Carolinas with a new office in Charlotte, NC. A 100-percent employee-owned firm that is currently ranked No. 1 in the Power industry by Engineering…
SCE&G Withdraws Request to Shut Down V.C. Summer Construction
South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (SCANA) (NYSE: SCG), announced today that it will voluntarily withdraw its Abandonment Petition from the Public Service Commission of South Carolina that was made under the Base Load Review Act (BLRA) concerning SCE&G’s new nuclear project. Over the past two weeks, SCE&G management…
