BATON ROUGE, La., Sep 9, 2004 (BUSINESS WIRE) -- The Shaw Group
Inc. (NYSE:SGR) congratulates Keyspan Energy (NYSE:KSE) on its
Ravenswood Unit 40 power plant being named among the Top Plants of
2004 by Platts Power magazine. Platts cited Ravenswood's
"state-of-the-art-technology and its compliance with the very tough
emissions rules of New York City's airshed" as the two main reasons
for its selection on the top plants list. Of the twelve plants
selected for the Platts list, Ravenswood Unit 40 was one of only six
located in the United States. Earlier this year, Combined Cycle
Journal awarded Ravenswood Unit 40 its 2004 Powerplant Award, one of
three plants to receive that distinction. Shaw's Stone and Webster
unit performed engineering, procurement, design and construction
management services for the 250-MW combined cycle plant (Unit 40).
In addition to its technology and very low air emissions, one of
the unique features of the Ravenswood Unit 40 plant is its location on
an extremely small tract of land, what was once a 2.4 acre parking
lot. Platts said, "Shoehorning the combined-cycle plant into a small
parking lot was an impressive feet of design and construction." The
small site necessitated that Unit 40's air-cooled condenser be
situated on the rooftop, requiring the plant be fitted with huge roof
girders to support the 3,500-ton condenser.
The Ravenswood plant has operated at, or above, baseload mode
since starting commercial operations in May 2004 and is the first new
major source of electricity to be placed in service in the
metropolitan New York City area in over a decade.
Over the last thirty years, Stone & Webster has performed
engineering and construction services for more than 100 fossil-fueled
and 17 nuclear-powered generating plants around the world totaling
over 58,000-MW of production capacity. Stone and Webster is currently
performing EPC services for a 500-MW combined cycle power plant in New
York City's Queens borough for Astoria Energy LLC and a 500-MW
combined cycle gas fired power plant in Mona, Utah for PacifiCorp
(NYSE:SPI), and the restart of the 1,065-MW Browns Ferry Unit 1
Nuclear Plant for the Tennessee Valley Authority (TVA).
The Shaw Group Inc. is a leading provider of technology,
consulting, engineering, construction, remediation and facilities
management services to government and private sector clients in the
environmental, infrastructure and emergency response markets. The Shaw
Group is also a vertically integrated provider of comprehensive
engineering, consulting, procurement, pipe fabrication, construction
and maintenance services to the power and process industries
worldwide. A Fortune 500 company with $3.3 billion in revenues in
2003, The Shaw Group debuted on the magazine's "America's Most Admired
Companies" list in 2004. Shaw is headquartered in Baton Rouge,
Louisiana and employs approximately 17,000 people at its offices and
operations in North America, South America, Europe, the Middle East
and the Asia-Pacific region. Additional information on The Shaw Group
is available at www.shawgrp.com.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for certain forward-looking statements. The statements
contained herein that are not historical facts (including without
limitation statements to the effect that the Company or its management
"believes," "expects," "anticipates," "plans," or other similar
expressions) and statements related to revenues, earnings, backlog, or
other financial information or results are forward-looking statements
based on the Company's current expectations and beliefs concerning
future developments and their potential effects on the Company. There
can be no assurance that future developments affecting the Company
will be those anticipated by the Company. These forward-looking
statements involve significant risks and uncertainties (some of which
are beyond our control) and assumptions and are subject to change
based upon various factors. Should one or more of such risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. A description of some of the risks and uncertainties that
could cause actual results to differ materially from such
forward-looking statements can be found in the Company's reports and
registration statements filed with the Securities and Exchange
Commission, including its Form 10-K and Form 10-Q reports, and on the
Company's website under the heading "Forward-Looking Statements".
These documents are also available from the Securities and Exchange
Commission or from the Investor Relations department of Shaw. For more
information on the company and announcements it makes from time to
time on a regional basis, visit our website at www.shawgrp.com.
SOURCE: The Shaw Group Inc.
The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 225-932-2546
website: www.shawgrp.com