The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that Babcock & Wilcox Construction Co., Inc. (BWCC) has been awarded a contract valued at approximately $37 million to provide construction services for a baghouse installation project at Consumers Energy’s J.H. Campbell Generating Complex, near West Olive, Mich.

In addition to performing construction, electrical and mechanical work, BWCC also will supply flues, insulation and structural steel for the 400 megawatt, coal-fired Campbell Unit 2’s particulate emissions-filtering baghouse.

“BWCC is a leader in power plant construction and installation services,” said BWCC President Pete Waanders. “We’re focused on performing our work safely, on-time and within budget as we execute this project for Consumers Energy.”

BWCC was previously awarded a contract to design and supply the plant’s NO X-reducing selective catalytic reduction system (SCR). BWCC has begun work at the project site and is scheduled to tie in both the SCR and baghouse during a planned outage in March 2013.

About B&W

Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,000 people, in addition to approximately 10,000 joint venture employees. Learn more at www.babcock.com .

Cautionary Statement Regarding Forward Looking Statements

B&W cautions that this release contains forward-looking statements, including statements relating to the Consumers Energy contract and the performance thereof. These forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties executing on our contracts in backlog and adverse changes affecting the fossil energy industry generally. If one or more of these or other risks materialize, actual results may vary materially from those expected. For a more complete discussion of these and other risk factors, please see B&W’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2010 and quarterly reports on Form 10-Q. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

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