Company to support transition planning and develop definitive agreements related to Plant Vogtle Units 3 & 4 and Generating Units at the V.C. Summer Nuclear Station
Fluor Corporation (NYSE: FLR) confirmed today that it has been named by Westinghouse
Electric Company, LLC (Westinghouse), to manage construction of two
Westinghouse AP1000® nuclear power reactor projects in Georgia and South
Carolina – owned and operated by Southern Company and SCANA/Santee
Cooper, respectively. Fluor will immediately engage as a subcontractor
to Westinghouse in the development of transition plans and definitive
agreements.
In a news release issued earlier today, Westinghouse confirmed that
Fluor will manage a significant portion of the construction of Vogtle
Electric Generating Plant’s Units 3 & 4 near Waynesboro, Georgia, and
two additional nuclear electric generating units at the V.C. Summer
Nuclear Generating Station located in Fairfield County, South Carolina
and will be providing project execution and direction, accountability
for and management of professional staff and craft personnel, and a
focus on safety, quality and project delivery certainty. Fluor’s
management plans for construction would become effective at the close of
the acquisition that Westinghouse also announced.
“We are very pleased with the vote of confidence that Westinghouse and
the nuclear facility owners have placed in our company to manage the
construction of these two U.S. nuclear mega-projects,” said Fluor
Chairman and Chief Executive Officer David Seaton.
Fluor will begin work immediately under a professional services
agreement to assess the two projects, engaging the workforce and
planning a transition of duties and responsibilities required to develop
appropriate plans to manage plant construction. Fluor and Westinghouse
have further agreed that Fluor’s scope will be performed on a cost
reimbursable basis, without liability for pre-existing conditions
associated with prior construction.
Fluor said it expects to book an award in the fourth quarter of 2015
related to these projects.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction
firm that designs and builds some of the world's most complex projects.
The company creates and delivers innovative and integrated solutions for
its Clients in engineering, procurement, fabrication, construction,
maintenance and project management on a global basis. For more than a
century, Fluor has served Clients in the energy, chemicals, government,
industrial, infrastructure, mining and power market sectors.
Headquartered in Irving, Texas, Fluor ranks 136 on the FORTUNE 500 list.
With 40,000 employees worldwide, the company's revenue for 2014 was
$21.5 billion. Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222