News

The Babcock & Wilcox Company (B&W) (NYSE: BWC), announced today that one of its subsidiaries, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed a contract to design, engineer, supply and construct a selective catalytic reduction (SCR) system for Consumers Energy's J.H. Campbell Generating Complex Unit 2, located near West Olive, Mich.

The Babcock & Wilcox Company (B&W) (NYSE:BWC), through its affiliate Babcock & Wilcox Investment Company, announced today that it has made a $37.5 million investment in USEC Inc. (NYSE: USU). This is the first phase of its previously announced definitive agreement to make a $100 million strategic investment in USEC. In connection with the investment, Michael S. Taff, Senior Vice President and Chief Financial Officer of B&W, has been elected to USEC's Board of Directors.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Canada Ltd. (B&W Canada) has been awarded a replacement steam generator (RSG) contract from Industrias Metalúrgicas Pescarmona Sociedad Anónima (IMPSA) in Argentina.

The Babcock & Wilcox Company (B&W) (NYSE:BWC), through its subsidiary Babcock & Wilcox Technical Services Group, Inc. (B&W TSG), announced that the Fluor-B&W Portsmouth, LLC team has been awarded the decontamination and decommissioning contract at the U.S. Department of Energy's (DOE) Portsmouth Gaseous Diffusion Plant in Ohio. The contract has an estimated value of approximately $2.1 billion over a 10-year period, which includes an initial five-year period in addition to a potential five-year extension based on performance and government requirements.

Ameren Energy Resources Company, LLC (AER) - the holding company for merchant generation for Ameren Corporation (NYSE: AEE); The Babcock & Wilcox Company (B&W) (NYSE:BWC); and Air Liquide Process & Construction, Inc. (Air Liquide), have been selected by the U.S. Department of Energy's (DOE) clean coal power program to negotiate the installation of the world's first full-scale oxy-coal-fired power plant that includes permanent carbon dioxide (CO2) capture and storage (CCS).

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced that the spinoff from McDermott International, Inc. (McDermott) (NYSE: MDR) has been completed and that it begins regular way trading on the New York Stock Exchange today. On Friday, July 30, B&W became an independent, publicly owned company when B&W shares were distributed to McDermott International, Inc. stockholders.

The Babcock & Wilcox Company (B&W) announced today the decision to locate its B&W mPower™ Integrated System Test (IST) facility in Bedford County, Va., at the Center for Advanced Engineering and Research (CAER), currently being constructed at the New London Business & Technology Center. Today's announcement marks an important step forward in the development of B&W's mPower reactor, which is being designed in Central Virginia.

Babcock & Wilcox Nuclear Energy, Inc., (B&W NE) and Bechtel Power Corporation today announced they have entered into a formal alliance to design, license and deploy the world's first commercially viable Generation III++ small modular nuclear power plant. Based on B&W mPower™ small modular reactor (SMR) technology, this new alliance, to be known as Generation mPower, brings together two recognized and established energy industry leaders in engineering, manufacturing and construction. Both Bechtel and B&W are making a substantial commitment in forming Generation mPower. B&W NE is a subsidiary of The Babcock & Wilcox Company.

Delta Power Services, LLC (DPS), a wholly owned subsidiary of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed a multi-year, renewable contract to provide operations and maintenance services for Rollcast Energy's Piedmont Green Power biomass energy project in Barnesville, Ga. B&W PGG is a subsidiary of The Babcock & Wilcox Company.

Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has signed a licensing agreement to design, sell, supply and construct German environmental solutions provider Enviroserv GmbH's circulating fluidized bed flue gas desulfurization (CFB-FGD) technology. B&W PGG is a subsidiary of The Babcock & Wilcox Company.