News Details

Duke/Fluor Daniel (D/FD) has been awarded contracts by Duke Energy North America (DENA) to perform engineering, procurement and construction (EPC) services for three natural gas-fired, combined-cycle, merchant power generation facilities with a combined capacity of 2,420 megawatts.

The three projects are: the 600-megawatt Luna Energy Facility in Luna County N.M.; the 620-megawatt Grays Harbor Energy Facility in Grays Harbor County, Wash.; and the 1,200-megawatt Moapa Energy Facility in Clark County, Nev.

A total of eight General Electric-7FA combustion turbines will be used in the three projects, which are targeted for commercial operation in summer 2003. These three power plants will generate enough electricity to serve two and a half million homes in the western United States. The combined value of the three projects is more than $1.2 billion. The value of the D/FD contract was not disclosed.

"This brings our portfolio of active EPC projects to more than 16,000 megawatts of fossil-fueled power generation," said Jeff Faulk, president and chief executive officer of Duke/Fluor Daniel. "In the past 12 months, we have commissioned and brought into commercial operation more than 5,600 megawatts of natural gas-fired generation."

"Duke/Fluor Daniel has a solid track record of performance in bringing new generation on line in a timely fashion for Duke Energy North America," said Jim Donnell, president and chief executive officer of DENA. "D/FD's capabilities in mobilizing labor, in procurement and construction give us an extra measure of confidence that these facilities will be providing competitively priced power to the western United States when demand peaks in the summer."

Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, California, Fluor is a Fortune 500 company with revenues of $10 billion in fiscal year 2000. Fluor is a publicly held corporation that trades under the symbol FLR on the New York Stock Exchange. Complete information about Fluor is available through the company's Internet site at www.fluor.com.

Duke/Fluor Daniel provides comprehensive engineering, procurement, construction, commissioning and operating plant services for fossil-fueled electric power generating facilities worldwide. The partnership of Duke Energy and Fluor Corporation affiliates is one of the largest power contractors in the world and has the largest U.S. market share for the engineering and construction of natural gas-fired power projects. D/FD Operating Plant Services supports utility, merchant and cogeneration plants, including operations and maintenance contracts, capital projects, turbine fleet management, environmental retrofits and other major plant improvements. For more information visit www.dukefluordaniel.com.

Duke Energy North America (DENA) is Duke Energy's Houston-based merchant energy company. DENA currently owns 8,000 megawatts in operation and has 5,400 megawatts under construction scheduled to come on line by summer 2002.

Duke Energy (NYSE: DUK - news), a diversified multinational energy company, creates value for customers and shareholders through an integrated network of energy assets and expertise. Duke Energy manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses -- generating revenues of more than $49 billion in 2000. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 100 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.