Fluor Completes Construction of Texas Power Plant

January 24, 2006

Fluor Corporation (NYSE: FLR) announced today that it has completed construction of and commissioning services for the 620-megawatt, natural gas-fired, combined-cycle Jack County Generation power plant, located near Jacksboro, Texas.

"We are delighted to have worked with Brazos Electric on this important project and have appreciated the opportunity to provide this low-cost energy source to its customer base," said David Constable, Fluor's group president of Power.

Fluor was awarded the contract in 2003 by Brazos Electric Power Cooperative, Inc. to provide engineering, procurement, construction and commissioning services at the facility in an effort to provide low-cost, reliable electricity to its customers. Detailed engineering was performed in Fluor's Houston office.

"We are especially proud of our safety record on the project, having achieved our goals by performing more than 900,000 hours with no lost-time accidents or restricted workdays," said Bob Mickey, Fluor's senior vice president of Power.

Brazos Electric is a 2,403 megawatt generation and transmission cooperative whose seventeen (17) members service territories that extend 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 17 member-owner distribution cooperatives and three municipal systems. For more information, visit http://www.brazoselectric.com.

Fluor Corporation (NYSE: FLR) 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 $9.4 billion in 2004. For more information, visit www.fluor.com.

Lisa Boyette/Leann Vandergrift,
Media Relations
949.349.3652/7420

Ken Lockwood
Investor Relations
949.349.3815 tel
949.349.5375 fax

Media Relations, Lisa Boyette, +1-949-349-3652, or Leann Vandergrift,+1-949-349-7420, or Investor Relations, Ken Lockwood, +1-949-349-3815, or fax,+1-949-349-5375, all of Fluor Corporation