The Keith Companies, Inc. to Provide Engineering Services for Two Wind Farm Projects
November 09 2004 - 7:00AM
PR Newswire (US)
The Keith Companies, Inc. to Provide Engineering Services for Two
Wind Farm Projects IRVINE, Calif., Nov. 9 /PRNewswire-FirstCall/ --
The Keith Companies, Inc. (NASDAQ:TKCI), an engineering and
consulting services firm headquartered in Orange County,
California, announced today that its Energy/Industrial Services
(TKC E&I) group will provide engineering services for the
design of the collector system and interconnect substation for two
wind farms being built by PPM Energy, a subsidiary of Scottish
Power. Pacific Engineering Corporation, the Portland, Oregon
division office of TKCI is providing electrical, civil and
structural engineering for the 75 MW Klondike II Wind Project in
Sherman County, Oregon and the 100 MW Trimont Wind Project in
southwestern Minnesota. Both projects are expected to be
operational by the end of 2005. The capital expected to be invested
in these two projects is approximately $200 million. The company's
Chairman & CEO, Aram Keith, stated, "We have positioned
ourselves solidly to provide quality services to the renewable
energy production markets. PPM's work is a significant indication
of the influence of the Production Tax Credit and its stimulus for
this type of work." Approval of the Production Tax Credit is
expected to stimulate the wind energy development business and may
provide opportunities for the Company's Energy & Industrial
Services. In addition to facilities engineering, TKC E&I is
providing interconnect consulting and construction support services
to renewable energy developers in various locations around the
United States. About TKC Energy & Industrial Services The Keith
Companies, Inc. (TKCI) provides total energy & industrial
solutions with a broad base of management services. TKC is a
multi-disciplined, full service engineering and management firm
providing industrial and energy project life-cycle support. TKC
supports power, process, LNG/CNG, manufacturing, pharmaceutical,
water and central energy facilities. The company's experience
includes natural gas, liquid and coal fuels, wind, biomass and
other renewable power generation technologies. Capabilities include
initial due-diligence, feasibility studies, design, construction
management, and plant operations. About The Keith Companies The
Keith Companies, Inc. is a fully integrated, multi-disciplined
engineering and consulting services company, with offices located
throughout the Western and Midwestern United States. The Keith
Companies' professionals provide a wide spectrum of skilled
resources including land planning, engineering, surveying, mapping,
environmental studies, and water and cultural resources, that are
needed to effectively plan, engineer, and design state-of-the-art
private and public facilities. Additionally, the Company provides
mechanical, electrical, chemical, power/energy engineering, and
other industrial engineering services to design and improve the
efficiency and reliability of automated and manufacturing
processes, production lines, and fire protection systems. The Keith
Companies benefits from a diverse public and private client base
varying from residential and commercial real estate projects to
institutional, manufacturing, and processing facilities. For more
information visit the Company's website at http://www.keithco.com/.
Certain statements in this news release may include forward-looking
statements that express our expectation, prediction, belief, or
projection. These statements involve known and unknown risks,
uncertainties, and other factors that may cause the actual results,
performance, and achievement of The Keith Companies to be
materially and adversely different from any future results,
performance, or achievement expressed or implied by these
forward-looking statements. Factors that may cause actual results
to differ from the forward-looking statements contained in this
release and that may affect the Company's prospects in general
include, but are not limited to: changes in the economic growth in
the United States (especially in California) and other major
international economies (especially Brazil), our ability to sustain
our growth and profitability, our ability to implement our
acquisition strategy and to successfully close and integrate
acquired companies on a timely and cost-effective basis, changes in
the carrying value of our goodwill and other long-term assets, our
failure to accurately estimate costs on fixed- price contracts or
contracts with not-to-exceed provisions, the uncertain timing of
awards and contracts, the ability to maintain acquired companies'
profit margins and/or client base, outcomes of pending and future
litigation, the ongoing financing of renewable energy projects,
client's ability to continue benefiting from tax incentive programs
to facilitate projects, the long-term sustainability of renewable
energy projects, the impact of oil prices on financial success of
alternative energy programs, our ability to attract and retain
employees, the demand for electricity and the impact on power
providers' plans for building or expanding generation facilities,
increasing competition by foreign and domestic companies, a
downturn in the real estate market, risks inherent in doing
business outside the United States, including the difficulty of
enforcing contracts, political instability and foreign currency
fluctuations and potential exchange restrictions, the short- and
long-term impact of terrorist activities and resulting political
and military policies, and other factors as are described in the
Company's filings with the Securities and Exchange Commission. The
forward-looking information set forth in this press release is as
of the date indicated above and we undertake no duty to update this
information. For further information, please contact Aram Keith,
CEO of The Keith Companies, Inc., +1-949-923-6001, or fax,
+1-949-923-6026; or Investor Relations, Tricia Ross of Financial
Relations Board, +1-617-520-7064, for The Keith Companies, Inc.
DATASOURCE: The Keith Companies, Inc. CONTACT: Aram Keith, CEO of
The Keith Companies, Inc., +1-949-923-6001, or fax,
+1-949-923-6026; or Investor Relations, Tricia Ross of Financial
Relations Board, +1-617-520-7064, for The Keith Companies, Inc. Web
site: http://www.keithco.com/ Web site: http://www.ppmenergy.com/
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