CB&I Announces Plant Services Contract Renewal by Arizona Public Service

THE WOODLANDS, Texas, Nov. 10, 2014 /PRNewswire/ -- CB&I CBI today announced it has been awarded a contract renewal valued at more than $100 million by Arizona Public Service (APS) for maintenance and modification services for APS's fleet-wide fossil power generation facilities in Arizona and New Mexico. The award is an extension of CB&I's existing scope of work relating to outage, non-outage, operations and maintenance and capital projects.

"This contract extension indicates the confidence our customers have in CB&I's experience providing industry-leading, multiple-site maintenance," said Patrick K. Mullen, President of CB&I's Engineering, Construction and Maintenance operating group. "CB&I is proud of our relationship with APS, and we are committed to working with them to ensure the highest levels of performance, quality and safety."

About CB&I
CB&I CBI is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 55,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com. 

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2013, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.

Logo - http://photos.prnewswire.com/prnh/20130430/DA04155LOGO

SOURCE CB&I