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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Fluor To Provide Environmental Services Upgrades For PNM San Juan Generating Station In New Mexico

Fluor Corporation (NYSE: FLR) announced today that it was awarded an early-phase engineering, procurement and construction (EPC) contract by PNM to provide environmental services upgrades for four power units at the San Juan Generating Station in New Mexico. Fluor will book the undisclosed first phase value of this project into backlog in the fourth quarter of 2012.

Fluor expects to begin the second phase in January 2013 with full notice-to-proceed projected for mid-2013. Fluor will provide full EPC services to design, build, install and commission new selective catalytic reduction (SCR) equipment for each of the San Juan Generating Station’s four units totaling 1,848 megawatts of capacity, which will significantly reduce the nitrogen oxide (NOx) emissions. When the environmental upgrades are completed, the equipment utilized will provide one of the highest NOx removal efficiencies in the country and will comply with the Environmental Protection Agency federal plan to address regional haze at San Juan Generating Station.

“This first phase contract for a new SCR project has been the result of a highly collaborative process with PNM,” said Dave Dunning, president of Fluor’s Power Group. “Fluor is a leader in providing environmental compliance services for power plants across the country with more than 39,000 megawatts of SCR upgrade projects completed. We will assist PNM with creative, flexible solutions to bring cleaner power to its customers.”

“We have been very impressed with Fluor’s professionalism and flexibility as we have been engaged to bring this project to reality over the past several months,” said Ron Talbot, senior vice president and COO of PNM Resources, the parent company of PNM. “We appreciate Fluor’s willingness to develop approaches that keep our compliance with the federal regional haze rule on track while also giving PNM and the other San Juan Generating Station owners the flexibility to aggressively explore alternatives to the federal plan. Minimizing the cost impact to customers while alternatives were explored is important, and Fluor has helped us achieve that.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs