KBR Receives Full Notice to Proceed on Engineering, Procurement, and Construction Contract for Iowa Generating Station
Houston, Texas - June 5, 2014 - KBR Inc. (NYSE: KBR) announced today that it was awarded a full notice to proceed (FNTP) contract from Alliant Energy's Iowa utility subsidiary, Interstate Power and Light Company, for the engineering, procurement, and construction of a new nominal 650-megawatt, combined-cycle, natural-gas-fueled generating station in Marshalltown, Iowa.
The Marshalltown Generating Station will be located adjacent to Alliant Energy's existing generating site in Marshalltown. The new generating station will consist of two combustion turbines, two heat recovery steam generators, and one steam turbine, commonly known as a 2x1 combined-cycle configuration.
Alliant Energy received regulatory approval for the project from the Iowa Utilities Board (IUB) in November of 2013, with the condition that necessary pre-construction permits are received. After receipt of the Air Permits from the Iowa Department of Natural Resources (IDNR) in April of 2014, Alliant Energy received an unconditional Generating Certificate from the IUB in May of 2014.
Expected revenue from the contract will be booked in the second quarter 2014 backlog of unfilled orders for the Infrastructure, Government and Power segment. The contract value was not disclosed.
"KBR is excited to be selected by Alliant Energy to be its EPC partner for the Marshalltown Generating Station project," said Andy Summers, KBR Infrastructure, Government and Power Group President, "We are thrilled to bring our integrated engineering, procurement, construction, and commissioning skills to bear to successfully deliver a new best-in-class combined cycle generating station to the company's customers."
About KBR
KBR is a global engineering, construction and services company supporting the energy, hydrocarbons, power, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.
About Alliant Energy
Alliant Energy Corporation's Iowa utility subsidiary, Interstate Power and Light Company, utilizes the trade name of Alliant Energy. The Iowa utility is based in Cedar Rapids, Iowa, and provides electric service to 528,000 customers and natural gas service to 234,000 customers in more than 750 communities. The employees of Alliant Energy focus on delivering the energy and exceptional service their customers and communities expect Ð safely, reliably, and affordably. Visit alliantenergy.com or call 1-800-ALLIANT (800-255-4268) for more information. Alliant Energy Corporation is traded on the New York Stock Exchange under the symbol LNT.
Forward Looking Statement
KBR's most recently filed Annual Report on Form 10-K/A, any subsequent Form 10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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