Agreement Signed Today in Washington D.C.
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE:FLR) announced today that the company’s affiliate, Fluor NE, signed a Project Labor Agreement (PLA) with the Building and Construction Trades Department (BCTD) of the AFL-CIO to provide skilled union labor to construct the two new nuclear units at the South Texas Project (STP) near Bay City, Texas. Fluor NE executed the PLA earlier today at a signing ceremony in Washington D.C.
STP’s two new reactors are being developed by Nuclear Innovation North America LLC (NINA), the nuclear development company jointly owned by NRG Energy, Inc. (NYSE:NRG) and Toshiba America Nuclear Energy Corporation (TANE), a U.S. subsidiary of Toshiba Corporation and the prime contractor for the STP expansion. Fluor is TANE’s engineering, procurement and construction (EPC) subcontractor for the STP expansion.
“The agreement we reached today is integral to bringing STP 3 & 4 to reality,” said David Dunning, president of Fluor’s Power Group. “We are pleased that Fluor was able to help our clients, NRG and Toshiba, achieve this important milestone as we work to prepare for an approved Combined License from the NRC in the near future.”
“New nuclear construction at STP will be an integral part of the American nuclear renaissance and rebuilding the nation’s energy infrastructure,” said Steve Winn, Chief Executive Officer of NINA. “To ensure we can achieve these important goals and can build STP 3 & 4 and the many new nuclear units to follow, it is critical that we have a skilled pool of American workers.”
Approximately 6,000 workers will be required to build the two new units, STP 3 & 4, which are located about 100 miles southwest of Houston. Construction of the new units is expected to begin in 2012 once the expansion receives its Combined License from the Nuclear Regulatory Commission and should last five years with STP 3 coming online in 2016 and STP 4 in 2017.
About Nuclear Innovation North America
Nuclear Innovation North America (NINA) is a partnership between NRG Energy (88%) and Toshiba (12%) focused on developing new nuclear expansion projects using Advanced Boiling Water Reactor (ABWR) technology—the only advanced nuclear technology certified by the Nuclear Regulatory Commission that has been built on time and on budget. NINA is currently developing the 2,700 megawatt South Texas Project expansion through the South Texas Project Nuclear Operating Company. NINA is also exploring other development opportunities to employ ABWR in additional projects across North America.
About The Building and Construction Trades Department
The Building and Construction Trades Department is an alliance of 13 national and international unions that collectively represent over 2 million skilled craft professionals in the United States and Canada.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22 billion in 2009. For more information visit www.fluor.com.
Fluor CorporationMedia Relations:Keith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222