Pike wins $275MM transmission line contract for nuclear expansion project in South Carolina

Source: Pike Electric Corporation

Pike Electric Corporation (NYSE:PIKE), a leading national energy solutions provider, announced that SCANA Corporation has awarded Pike an engineering, procurement, and construction (EPC) contract for approximately 250 miles of new 230kV transmission lines associated with the expansion of the V.C. Summer Nuclear Station in South Carolina. 

These lines will support the two nuclear power units being added by South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), and the South Carolina Public Service Authority (Santee Cooper), a state-owned electric and water utility in South Carolina. The new units, known as V.C. Summer 2 and 3, are scheduled for completion in 2016 and 2019. The station began commercial operation January 1, 1984 and this construction marks one of the first U.S. nuclear plants to add reactors in 20 years. 

Pike's ability to provide a full portfolio of services including siting, permitting, engineering, procurement and construction was a key consideration for SCE&G in awarding the contract. In addition, because these lines will be built on existing rights-of-way, Pike's experience and safety record in working with energized lines and equipment was another factor in SCE&G's selection. 

"This project demonstrates the full spectrum of energy services Pike now offers to our customers and the industry. We are extremely proud to partner with SCE&G on this landmark project," said Eric Pike, Chairman and CEO of Pike. "The engineering for this project begins immediately utilizing Pike's Charlotte office, and construction is expected to be completed by the end of 2014 for Unit 2 and the end of 2018 for Unit 3."

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