Duke/Fluor Daniel has been awarded a contract by Raytheon Company to
provide engineering, procurement, construction and commissioning (EPC)
services for two power generation facilities currently under
construction near Boston, Massachusetts. Duke/Fluor Daniel replaces
Washington Group International as the EPC contractor for the Mystic
Project, a 1,600 megawatt (MW) combined cycle facility, and the Fore
River Project, an 800 MW combined cycle facility. The two plants are
owned by Sithe North America.
Duke/Fluor Daniel will provide the EPC services to Raytheon under a
reimbursable cost plus fee-type contract. The value of the contract to
Duke/Fluor Daniel is approximately $400 million.
According to Alan Boeckmann, president and chief operating officer of
Fluor Corporation, "This award is a strong vote of confidence in
Duke/Fluor Daniel's proven leadership in the global power market. We
look forward to working with Raytheon and Sithe on this project."
About Raytheon
With headquarters in Lexington, Massachusetts, Raytheon Company is a
global technology leader in defense, government and commercial
electronics, and business and special mission aircraft.
About Sithe North America
Sithe North America is owned 49.9 percent by Exelon Holdings Inc., a
wholly owned subsidiary of Exelon Corporation; approximately 34 percent
by subsidiaries of Vivendi Universal; approximately 15 percent by
subsidiaries of Marubeni Corporation; and approximately 1 percent by
Sithe management.
About Duke/Fluor Daniel
Duke/Fluor Daniel provides comprehensive engineering, procurement,
construction and operating plant services for fossil-fueled electric
power generating facilities worldwide. The general partnership of Duke
Energy and Fluor Corporation 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. Duke/Fluor Daniel's
operating plant services supports utility, merchant and cogeneration
plants, including operations and maintenance contracts, capital
projects, environmental retrofits and other major plant improvements.
For more information visit www.dukefluordaniel.com
About Duke Energy
Duke Energy, 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.
About Fluor Corporation
With 2000 revenues of $10 billion, Fluor Corporation (NYSE: FLR)
provides services on a global basis in the fields of engineering,
procurement, construction, operations, maintenance, project management
and business services.
Media Relations, Keith Karpe, 949-349-7661, or Lori Serrato, 949-349-7420, both of Fluor