CB&I wins additional nuclear plant business from Exelon

CB&I (NYSE:CBI) said June 23 that it has been awarded a five-year contract by an Exelon (NYSE:EXC) valued at $800m for long-term maintenance, modification and construction services for five additional nuclear power units located in New York and Maryland.

CB&I, also known as Chicago Bridge & Iron, said the contract with Exelon Generation is an expansion of CB&I’s existing scope of work for 17 other Exelon nuclear power units.

While the five reactors were not identified in the CB&I release, within the past year Exelon has assumed operational control of units held by Constellation Energy Nuclear Group (CENG). The CENG facilities include the two-unit Calvert Cliffs station in Maryland; the two-unit Nine Mile Point complex in New York and the single-unit R.E. Ginna nuclear plant in New York.

The CENG units are jointly owned by Exelon and EDF Group.

The contract is an expansion of CB&I’s existing scope of work for 17 other Exelon nuclear power units. Under the terms of the agreement, CB&I will also provide temporary staffing, painting and insulation services at all of the Exelon-owned and operated nuclear power units bringing the total number of units under contract to 22.

CB&I completed its purchase of the Shaw Group in December 2013. The company is also a lead vendor on the new nuclear plants being built by Southern (NYSE:SO) and its partners in Georgia as well as SCANA (NYSE:SCG) and its partner in South Carolina.

“This award underscores CB&I’s expertise in nuclear maintenance, modification and construction and our commitment to ensuring the safe and reliable operation of our customer’s facilities,” said Patrick K. Mullen, President of CB&I’s Engineering, Construction and Maintenance operating group.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.