The Shaw Group (SGR) Receives Notice of Schedule Adjustment for Nuclear Project in Florida
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The Shaw Group Inc. (NYSE: SGR) today announced it has received notice of an adjustment in the construction schedule for Progress Energy Florida's planned nuclear project in Levy County, Fla.
Shaw and Westinghouse, its AP1000 Consortium partner, have an engineering, procurement and construction agreement to build two AP1000(TM) nuclear power units for Progress Energy Florida.
Progress Energy Florida is adjusting the project schedule to reflect a determination by the Nuclear Regulatory Commission that the excavation and foundation preparation work will not be authorized until the combined operating license is issued for the plant. The site work originally was scheduled to be performed while the company sought the COL. Progress Energy Florida stated the shift in schedule will move the commercial operation dates for the two Levy units from the 2016-2018 time period by a minimum of 20 months.
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