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MYR Group Inc. Awarded Mt. Storm To Doubs Transmission Line Rebuild Project For Dominion

Stock quotes in this article: MYRG

ROLLING MEADOWS, Ill., March 14, 2011 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR") (Nasdaq:MYRG), a leading specialty contractor serving the electrical infrastructure market in the United States, announced it has entered into a contract with Dominion to rebuild approximately 96 miles of 500 kilovolt (kV) transmission line in Virginia and West Virginia. The project is part of Dominion's plans to address aging infrastructure of its original 500kV transmission loop built in the mid 1960s.

Under the contract, The L. E. Myers Co. ("L.E. Myers"), an MYR subsidiary, will provide construction services for the new line including foundation installation, structure installation, conductor stringing and demolition of the existing line. The project is expected to begin in early May of this year and the in-service date is scheduled for May 15, 2015.

L.E. Myers has performed electrical construction services for Dominion for more than 30 years including a variety of transmission projects throughout North Carolina and Virginia, and is currently providing construction services for the 65-mile Meadowbrook to Loudoun and 60-mile Carson Substation to Suffolk Substation 500kV lines. The expected in-service date for both of these lines is June 2011.

"MYR Group is proud of our participation in this exciting undertaking," said William A. Koertner, chairman and chief executive officer of MYR. "Not only will we continue playing a part in Dominion's commitment to improve the electrical infrastructure for Virginia and the surrounding region, we also will contribute to job retention, job creation and ongoing stimulation of the region's economy."

About MYR Group Inc.

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, cooperatives and municipalities. The Company 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.

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