Bechtel to service Xcel Energy nuclear plants

Minneapolis, February 24, 2011 — Bechtel agreed to provide engineering, field engineering and construction services at the Xcel Energy's Monticello and Prairie Island nuclear generating plants.

As part of a five-year contract, Bechtel will establish on-site engineering, construction and project controls staffs at each plant. Bechtel also will have the capability to manage projects and provide project engineering and construction services, referred to in the industry as “design-build” services. Bechtel was selected after a competitive bidding process.

Currently, a number of external firms and in-house contract staff provide engineering, field engineering and construction services to Xcel Energy nuclear plants.

Under the contract, most engineering, project-related contract staffing, and maintenance and modification craft services will be transferred to Bechtel. About 80 existing engineering, field engineering and construction contract workers will be affected by the change.

Among types of work Bechtel employees will perform under the contract are:

* Construction activities associated with capital projects and modifications; outage maintenance and modification craft augmentation; day-to-day support for scaffolding construction and disassembly, and construction labor.

* Engineering services, including detailed design activities in performance of capital projects modifications such as security projects, equipment reliability modifications and plant infrastructure upgrades and specialized engineering analyses for plant operation.

* Field engineering, including performing detailed work planning and field implementation support for capital projects and modifications such as major equipment replacements and upgrades.

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