This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs