Market Overview

Pike to be Subcontractor to Fluor for Clean Line Energy 800-Mile Transmission Line

Pike Electric Corporation (NYSE: PIKE) announced today that it will be a subcontractor to Fluor (NYSE: FLR) for the proposed Plains & Eastern Clean Line LLC project, which is an 800-mile high-voltage direct current transmission line from Oklahoma to Tennessee and is currently in the development and permitting stages.

Fluor, which announced today that it has signed a memorandum of understanding with Plains and Eastern Clean Line LLC, an affiliate of Clean Line Energy Partners LLC, will provide development support, preliminary engineering, procurement and construction services for the project. After the project has received all permits and regulatory and financial approvals, Fluor and Pike will provide the full EPC services for the transmission line project. The Plains & Eastern Clean Line will consist of approximately 800 miles of overhead HVDC transmission lines that will deliver 3,500 megawatts of power from Oklahoma, Texas and Kansas to the southeastern United States.

"We are excited to bring our full suite of services to this important renewable energy project. The partnership of Pike, Fluor and Clean Line ensures qualified talent at all levels will be working to make this HVDC transmission line project a success," said Eric Pike, Chairman and CEO of Pike Electric Corporation.

Posted-In: News Contracts

 

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