MYR Group Awarded Contract With Cross Texas Transmission

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MYR Group, Inc. (MYR), has executed a contract with Cross Texas Transmission, an affiliate of LS Power, to construct approximately 235 miles of 345-kilovolt (kV) transmission line in Texas. The contract is valued in excess of $160 million and is part of the Competitive Renewable Energy Zone (CREZ) initiative, which is being developed to integrate additional renewable energy and increase system reliability throughout the Electric Reliability Council of Texas (ERCOT). Under the contract, MYR Transmission Services, Inc. (MYRT), an MYR subsidiary, will provide construction management, material procurement, and construction services including right-of-way clearing, environmental controls, foundation installation, structure installation, and conductor stringing. Construction planning has begun, and construction is expected to begin in the fall of 2011 with an expected completion date of spring of 2013.

“We are proud to be playing a significant role on this important project and look forward to working with Cross Texas Transmission in building its part of the transmission system for the Texas Competitive Renewable Energy Zones,” says William A. Koertner, chairman and CEO of MYR. “This project will help move electricity generated by renewable energy resources in the Panhandle of Texas to millions of customers throughout the state, and at the same time provide transmission infrastructure to serve the long-term needs of Texas.”

MYR is a holding company of specialty construction service providers. Through subsidiaries dating back to 1891, MYR is one of the largest national contractors servicing the transmission and distribution sector of the United States electric utility industry. Transmission and distribution customers include electric utilities, private developers, cooperatives, and municipalities. MYR also provides commercial and industrial electrical contracting services to facility owners and general contractors in the Western United States. MYR’s comprehensive services include turnkey construction and maintenance services for the nation’s electrical infrastructure. Learn more at www.myrgroup.com.