AEP Selects B&W for Steam Generator Services Contract
March 24 2014 - 8:30AM
Business Wire
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced
today that its subsidiary, Babcock & Wilcox Nuclear Energy,
Inc., (B&W NE) was awarded a contract from American Electric
Power (AEP) to provide steam generator services for the Donald C.
Cook (D.C. Cook) Nuclear Plant just north of Bridgman, Mich. The
D.C. Cook Plant contains two units, one of which is outfitted with
Babcock & Wilcox replacement recirculating steam
generators.
As part of this contract, B&W NE will execute a
comprehensive inspection and cleaning campaign, which includes eddy
current testing, visual inspections and water lancing. The
inspections and cleaning activities are conducted periodically to
monitor and maintain the condition of the steam generators.
The D.C. Cook units are built to a more compact design known as
an ice condenser plant, for which B&W NE’s proprietary tooling
and technology are ideally suited to efficiently perform the steam
generator inspection and cleaning operations in restricted
spaces.
“I’m confident that our proven performance in executing
inspection and cleaning activities for nuclear utilities will
contribute to successful outages at the D.C. Cook Plant,” said Joe
Zwetolitz, President, B&W NE. “Our innovative remote inspection
and optimized cleaning technologies continue to offer the industry
low cost, dose and schedule advantages when it comes to steam
generator inspection and maintenance services.”
The multi-year contract began in February.
About B&WHeadquartered in Charlotte, N.C., The
Babcock & Wilcox Company is a leader in clean energy technology
and services, primarily for the nuclear, fossil and renewable power
markets, as well as a premier advanced technology and mission
critical defense contractor. B&W has locations worldwide and
employs approximately 12,000 people, in addition to approximately
10,200 joint venture employees. Learn more at www.babcock.com.
Cautionary Statement Regarding Forward Looking
StatementsB&W cautions that this release contains
forward-looking statements, including statements relating to the
performance and timing, to the extent either can be viewed as an
indicator of future revenues, of the contract with AEP. These
forward-looking statements involve a number of risks and
uncertainties, including, among other things, modification or
termination of the contract and delays or other difficulties in
executing the contract. If one or more of these or other risks
materialize, actual results may vary materially from those
expressed. For a more complete discussion of these and other risk
factors, please see B&W's annual report on Form 10-K for the
year ended December 31, 2013 and subsequent quarterly reports on
Form 10-Q filed with the Securities and Exchange Commission.
B&W cautions not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release, and undertakes no obligation to update or revise any
forward-looking statement, except to the extent required by
applicable law.
The Babcock & Wilcox CompanyMedia Contact:Jud
Simmons, 434-522-6462Corporate
Communicationshjsimmons@babcock.comorInvestor Contact:Jenny
Apker, 704-625-4937Vice President, Treasurer and Investor
Relationsinvestors@babcock.com