ROLLING MEADOWS, Ill., Dec. 16, 2010 (GLOBE NEWSWIRE) -- MYR Group Inc. (Nasdaq:MYRG), a leading specialty contractor serving the electrical infrastructure market in the United States, announced it has executed a contract with Great Basin Transmission, LLC, an affiliate of LS Power, to construct 235 miles of 500-kilovolt (kV) transmission line in the State of Nevada. The One Nevada Transmission Line (ON Line) project formerly known as the Southwest Intertie Project (SWIP) – South will run from Ely, Nevada to just north of Las Vegas, the first phase of Great Basin's 510-mile SWIP Project. The line will carry approximately 600 megawatts of electricity and provide access to renewable energy resources in northern and eastern Nevada. Under a separate agreement with Great Basin, NV Energy plans to own 25 percent of the line and purchase Great Basin's share of the capacity under a long term arrangement. The construction contract is valued at approximately $120 million.
MYR Group Inc. Awarded Contract With Great Basin Transmission, LLC To Construct The One Nevada Transmission Line (ON Line)
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