PASADENA, Calif., Oct. 26 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that a subsidiary company received an award from Bonneville Power Administration (BPA) to provide on-site construction administration and inspection services for the build and replacement of transmission lines, substations and ancillary communications projects.
In making the announcement, Jacobs Group Vice President Tom McDuffie stated, "We are proud to help support BPA on this high-profile program. This is a critical initiative that will support the cost-effective development of high-voltage transmission infrastructure in the Pacific Northwest."
BPA is a federal agency headquartered in Portland, Oregon that markets wholesale electricity and transmission services to Pacific Northwest public and private utilities, and to some direct service industries. BPA provides about one-third of the electricity used in the Northwest and operates about three-fourths of the region's high-voltage transmission. BPA owns and maintains more than 15,000 miles of transmission lines and 300 substations. The overall program is budgeted at $6 billion.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2009 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact:
SOURCE Jacobs Engineering Group Inc.