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.