Fluor Awarded EPC Contract for Jack County Unit 2 Power Plant

Monday, December 1, 2008 7:51 am EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE:FLR) announced today it secured a contract for the engineering, procurement, construction and commissioning for Brazos Electric Power Cooperative’s Jack County Generating Facility Unit 2 power plant located near Bridgeport, Texas. The new 620 megawatt gas-fired, combined cycle expansion will provide reliable electricity with low emissions to serve growing demand required by Brazos Electric’s member utilities. Project completion is targeted for the second quarter of 2011. Fluor will book the undisclosed project value in the fourth quarter of 2008.

Fluor was previously the contractor for Brazos Electric Power Cooperative’s Jack County Generating Facility Unit 1 power plant. A similar design will be used for the new Unit 2 generating facility in order to shorten the schedule and to minimize plant operating costs. Jack County Unit 1 was completed with no lost time accidents and no OSHA incident recordables over the project lifespan of 900,000 work hours.

“We appreciate Brazos Electric’s continued confidence in Fluor as demonstrated by this second Jack County project award,” said David Constable, president of Fluor’s Power business group. “Our strong performance on Jack County Unit 1 will serve as the basis for providing greater value for this new power plant.” Jack County Unit 1 has proven to be a reliable source of power for Brazos Electric’s member cooperatives with a 93 percent 2007 annual plant availability factor while generating more than 3.5 million megawatt hours in 2007.

Brazos Electric issued Fluor a limited notice to proceed in June 2008 to begin preliminary engineering and procurement of the new unit. Site mobilization for construction is expected in July 2009 with a peak of 400 craft workers. Fluor’s Irvine, Calif., operations center will execute the project.

About Brazos Electric

Brazos Electric is a 3,038 megawatt generation and transmission cooperative whose members' service territory extends across 68 counties from the Texas Panhandle to Houston. Organized in 1941, Brazos Electric was the first cooperative formed in the Lone Star state for the purpose of generating and supplying electrical power. Today, it is the largest generation and transmission cooperative in Texas. Brazos Electric is the wholesale power supplier for its 16 member-owner distribution cooperatives and two municipal systems.

About Fluor

Fluor Corporation (NYSE:FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007. For more information, visit www.fluor.com.

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Jason Landkamer, 469-398-7222
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