InfraSource Selected by Bangor Hydro to Construct Northeast Reliability Interconnect From Maine to New Brunswick
May 23 2006 - 5:33PM
PR Newswire (US)
MEDIA, Pa., May 23 /PRNewswire-FirstCall/ -- InfraSource Services,
Inc. (NYSE:IFS), one of the largest specialty contractors servicing
utility transmission and distribution infrastructure in the U.S.,
and Bangor Hydro-Electric Company, an electric utility wholly-owned
by Emera Inc., today announced that Bangor Hydro and InfraSource
Transmission Services Company had executed a contract to construct
an 85-mile long, 345 kV electric transmission line, known as the
Northeast Reliability Interconnect (NRI), that will extend from
Orrington, Maine to the St. Croix River near Baileyville, Maine.
This arrangement was described as pending during InfraSource's last
earnings call. The scope of this contract includes procurement,
construction and environmental management activities. Once
completed, the line will connect with a complementary new
transmission line to be built in New Brunswick, Canada, linking the
electrical systems of Maine and the Canadian Maritimes. The NRI Is
Designed to Provide a Number of Customer Benefits While Enhancing
System Reliability The NRI is designed to improve electric system
reliability, stability and efficiency in the region, in addition to
expanding competition and electric energy exchanges between New
England and the Maritimes. The Maine section of the line will be
owned and operated by Bangor Hydro; the New Brunswick section will
be owned and operated by New Brunswick Power. "The NRI will provide
a number of benefits directly to the Bangor Hydro customer base,
the region, the state of Maine and the Maritimes," said Rob
Bennett, President of Bangor Hydro. Bennett added: "The NRI will
bolster the reliability and stability of the power grid in the
northeast U.S. and Maritime Canada, while expanding two-way
electric energy transport capabilities between New England and New
Brunswick." "InfraSource is extremely proud to be a part of this
important project and the meaningful contribution it will make to
increase the capability for electrical power flows between Maine
and the Maritimes," said Martin Maslonka, Director of Strategic
Projects for InfraSource. About Bangor Hydro and Emera Inc. Bangor
Hydro-Electric Company is an electric utility wholly-owned by Emera
Inc. Bangor Hydro serves a population of 192,000 in an area
encompassing 5,275 square miles in eastern and east coastal Maine.
Bangor Hydro is a member of the New England Power Pool and is
interconnected with other New England utilities to the south and
with the New Brunswick Power Corp. to the north. Visit Bangor Hydro
at http://www.bhe.com/. Emera Inc. (TSX: EMA) is an energy and
services company with $4.0 billion in assets. Electricity is
Emera's core business. The company has two wholly-owned regulated
electric utility subsidiaries, Nova Scotia Power Inc. and Bangor
Hydro-Electric Company, which together serve 580,000 customers.
Emera also owns a 12.9% interest in the Maritimes & Northeast
Pipeline; a 50% joint venture interest in the 600 MW Bear Swamp
hydro-electric facility in Massachusetts; and Emera Energy Services
which manages energy assets on behalf of third parties and provides
related services. Visit Emera at http://www.emera.com/. About
InfraSource InfraSource Services, Inc. (NYSE:IFS) is one of the
largest specialty contractors servicing utility transmission and
distribution infrastructure in the United States. InfraSource
designs, builds, and maintains transmission and distribution
networks for utilities, power producers, and industrial customers.
Visit InfraSource at http://www.infrasourceinc.com/. CONTACT FOR
INFRASOURCE: John A. Curran 610-480-8000 Mahmoud Siddig
212-889-4350 CONTACT FOR BANGOR HYDRO: Steve Sloan 207-973-2568
DATASOURCE: InfraSource Services, Inc. CONTACT: John A. Curran of
InfraSource Services, Inc., +1-610-480-8000, ; or Mahmoud Siddig,
+1-212-889-4350, , for InfraSource Services, Inc.; or Steve Sloan
of Bangor Hydro, +1-207-973-2568, Web site:
http://www.infrasourceinc.com/ http://www.bhe.com/
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