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Newberg-Perini Awarded $300 Million Contract To Support Entire ComEd Nuclear Power `Fleet'.

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Dec. 3, 1999--

Perini Corporation (AMEX AMEX

See: American Stock Exchange
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) announced today that it had received a contract valued at $300 million from Commonwealth Edison This article is about ComEd in Illinois. For ConEd in New York, see Consolidated Edison.

Commonwealth Edison (or "ComEd"), owned by Exelon Corporation, is the largest electric utility in Illinois, serving the Chicago and Northern Illinois area.
 Co. of Illinois, one of the nation's leading nuclear power generators, to supply construction management services for maintenance and modification work required for all of ComEd's nuclear plants for a five year period. Newberg/Perini, a division of Perini Corporation, will perform the work under an existing 50/50 joint venture with Stone & Webster, Incorporated in support of ComEd's nuclear services program.

Under the agreement, the Newberg/Perini and Stone & Webster team will provide construction, maintenance and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services  to ComEd's Braidwood, Byron, Dresden, LaSalle and Quad Cities nuclear generating stations Quad Cities is a two-unit nuclear power plant located near Cordova, Illinois, USA on the Mississippi River. The two General Electric boiling water reactors give the plant a total electric capacity of approximately 1,700 MW. .

Newberg/Perini has worked for ComEd on their nuclear sites since the construction program started in the 1960's, providing construction and maintenance/modification services. Newberg/Perini, in joint venture with Stone & Webster of Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation).
Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New
, is currently performing the maintenance/ modification contract at ComEd's Braidwood and Dresden nuclear sites.

Perini Corporation provides construction management and general contracting services to private industry as well as federal, state and local agencies throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and select international locations.

The statements contained in this Release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the Company's expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statement. These risks and uncertainties include, but are not limited to, the continuing validity of the underlying assumptions and estimates of total forecasted project revenues, costs and profits and project schedules; the outcomes of pending or future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
, arbitration or other dispute resolution proceedings; changes in federal and state appropriations for infrastructure projects; possible changes or developments in worldwide or domestic, social, economic, business, industry, market and regulatory conditions or circumstances; and actions taken or omitted to be taken by third parties including the Company's customers, suppliers, business partners, and competitors and legislative, regulatory, judicial and other governmental authorities and officials.
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Publication:Business Wire
Date:Dec 3, 1999
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