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Freeport LNG Awards EPC Contract for Third Train at Texas Facility

LCG, March 27, 2015-CB&I yesterday announced that a joint venture (JV) between CB&I, Chiyoda International Corporation, and Zachry Industrial, Inc., was awarded a contract valued over $2 billion by FLNG Liquefaction 3, LLC (Freeport LNG) for the engineering, procurement and construction (EPC) of the third train of the three-train liquified natural gas (LNG) liquefaction and export facility on Quintana Island, near Freeport, Texas.

AEP Moves Another Step Closer to Retiring 4,400 MW of Coal-fired Generating Facilities by Summer

LCG, March 25, 2015--American Electric Power (AEP) will close six coal-fired power plants by the end of May, with four additional retirements scheduled by year-end. The plant closings are part of the utility's compliance plan for new Environmental Protection Agency EPA regulations, primarily the Mercury and Air Toxics Standard (MATS) rule that commence in June.

Industry News

Cost Estimate Up for Duke's New Nuclear Power Station

LCG, November 5, 2008--Duke Energy Carolinas informed the North Carolina Utilities Commission that the estimated cost to build the proposed William States Lee, III Nuclear Station in South Carolina has risen to $11 billion, or approximately double the original estimate, excluding financing. The new power plant is scheduled to be operational in 2018 in order to meet Duke Energy Carolina's forecast growth in electric demands.

Duke proposes to install two 1,117-MW reactors and to use Westinghouse Electric's AP1000 design, which incorporates passive safety features. The Nuclear Regulatory Commission (NRC) approved the Design Certification on December 30, 2005.

Last February Duke received notification from the NRC that the combined construction and operating license (COL) application for Lee Nuclear Station submitted December 2007 was accepted and docketed.

Duke's COL application relies upon the COL application to build two nuclear reactors at TVA's Bellefonte site in northern Alabama that was submitted October 31, 2007 to the NRC by the Tennessee Valley Authority (TVA) and NuStart Energy, a consortium of nuclear energy companies that includes Duke.

Other companies that have announced the selection of the AP1000 design as the basis for additional COL applications to construct reactors include Progress Energy, Southern Company, SCANA and Santee Cooper.

Duke's proposal is relatively unique for the United States in that Duke plans to build the reactors at a greenfield site, rather than to add capacity at an existing nuclear power station. The greenfield site is located in Cherokee County, South Carolina.



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