Bechtel Finishes $2 Billion Wisconsin Power Plant Job

By San Francisco Business Times

Bechtel Corp. finished fixing troublesome pumps at a Wisconsin power plant -- the biggest construction project in that stateâ¿¿s history -- and turned a 615 megawatt coal-fired generator over to the utility that will use it.

Wisconsin Energy Corp. of Milwaukee reported Wednesday in a regulatory filing that San Francisco-based Bechtel had finished work on Unit 2 of the plant at Oak Creek. ⿿Wisconsin Electric Power Company now has care, custody and control and will operate and maintain the unit,⿝ Wisconsin Energy (NYSE: WEC) said.

Plans called for Unit 2 to be finished in late November, but problems with vibrations in specialized pumps delayed the project.

Bechtel and Wisconsin Energy will have to work out who owes whom how much due to those delays.

The final price of the Oak Creek expansion project is not known, though it is surely going to be more than the original guess of $2.15 billion.

Electricity rates in Wisconsin have gone up about 17 percent over the last few years to pay for this project (the state has a population smaller than that of the Bay Area, so costs are borne by relatively few people).

Copyright 2011 American City Business Journals

http://www.bizjournals.com/sanfrancisco/news/2011/01/12/bechtel-finishes-2-billion-wisconsin.html?ana=thestreet

Copyright bizjournals.com 2010

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