The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been selected as a preferred environmental control technology provider for several of Luminant’s coal-fired power plants.

During the fourth quarter of 2011, B&W PGG signed contracts totaling approximately $65 million to design and supply emissions control equipment for four of Luminant’s coal-fired power plants, including construction at two of these plants. The company also expects to announce additional environmental and construction work at Luminant facilities in the future.

“We appreciate the opportunity to be Luminant’s emissions control technology provider for these important projects,” B&W PGG President and Chief Operating Officer Richard L. Killion said. “Securing this work shows Luminant’s confidence in B&W PGG to provide the right environmental solution for their fleet. Each plant has different needs from an emission control standpoint – all of which can be handled by our broad portfolio of environmental products and services.”

B&W PGG is currently in the engineering, design and procurement stage of environmental upgrade projects at four of Luminant’s coal-fired power plants in Texas. The scope of work varies at each facility, and construction activities are also currently underway.

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 12,700 people, in addition to approximately 10,400 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 our expectation regarding additional environmental and construction work from Luminant. Forward-looking statements involve a number of risks and uncertainties, including, among other things, our inability to meet Luminant’s expectations as an emissions control technology provider, increased competition from other providers and adverse changes affecting the emissions control technology industry. 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 subsequent 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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