Looking at our operating segments in more detail. Our Electric Power segment 12-month backlog as of the end of the second quarter increased 55.6%, and total backlog increased 22.5% as compared to the second quarter of 2010. We believe this industry is in early stages of unprecedented levels of transmission investment, as utilities interconnect new renewable energy-generating facilities to the electric grid and implement grid reliability initiatives. We are seeing a number of large electric transmission projects yet to be awarded in -- for the remainder of this year and in 2012.
Quanta Services' CEO Discusses Q2 2011 Results - Earnings Call Transcript
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