The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been awarded a contract worth approximately $150 million to design, supply and erect environmental equipment for Alliant Energy subsidiary Wisconsin Power and Light Company’s (WPL) coal-fired Columbia Energy Center in Pardeeville, Wis.

B&W PGG will engineer and supply four spray dry absorber (SDA) systems, two pulse jet fabric filters, a lime preparation system, ash recycle systems and related equipment for Columbia Units 1 and 2. B&W PGG’s subsidiary, Babcock & Wilcox Construction Co., Inc. will erect and install the environmental equipment.

“B&W would like to thank Black & Veatch Construction, Inc. and the owners of Columbia Energy Center – WPL, Madison Gas and Electric, and Wisconsin Public Service Corporation – for selecting us for this project,” B&W PGG President and Chief Operating Officer J. Randall Data said. “B&W’s suite of emissions control products and our highly experienced construction team give us options and flexibility to meet all of our customers’ environmental needs.”

Engineering work for the project is currently underway, with construction to begin in October 2012.

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 .

Cautionary Statement Regarding Forward Looking Statements

B&W cautions that this release contains forward-looking statements, including statements relating to the scope, amount and timing of the WPL environmental equipment contract. These forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties in executing contracts. If one or more of these or other risks materialize, actual results may vary materially from those expressed. 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, 2011. 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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