ENGlobal Corp. (ENG) and Xcel Energy Sign New 5-Ye
Post# of 116
Posted On: 03/04/2015 6:40:10 PM
ENGlobal Corp. (ENG) and Xcel Energy Sign New 5-Year Services Agreement
Today before the opening bell, ENGlobal reported that Xcel Energy in Denver has awarded the company with a 5-year extension agreement. According to the press release, ENGlobal anticipates providing ongoing engineering, design, construction management and procurement support for Xcel Energy’s natural gas pipeline and facility projects in all of its operating regions.
ENGlobal and Xcel Energy previously teamed up on work that includes the 60-mile West Main segment pipeline replacement and the 34-mile Cherokee CACJ (Clean Air — Clean Jobs Act) pipeline. The two companies have also worked together on smaller capital and maintenance jobs involving Xcel Energy’s local gas transmission and distribution network. ENGlobal’s Broomfield, Colorado office, which has a growing staff of project execution professionals, will support this work.
“Xcel Energy and ENGlobal have a proven history of successful collaboration — having worked well together to efficiently manage and execute a substantial capital program,” stated William A. Coskey, P.E., Chairman and Chief Executive Officer of ENGlobal. “We would like to thank Xcel Energy for their continued confidence in our capabilities.”
For those unfamiliar with Xcel Energy, it is a major U.S. electric and natural gas company, with annual revenues of $10.9 billion. Today the company has regulated operations in eight Midwestern and Western states including, Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Xcel Energy provides a comprehensive portfolio of energy-related products and services to approximately 3.5 million electricity customers and 1.9 million natural gas customers through four operating companies.
For more information on ENGlobal, visit www.englobal.com
Please read full disclaimers at http://disclaimer.missionir.com
Today before the opening bell, ENGlobal reported that Xcel Energy in Denver has awarded the company with a 5-year extension agreement. According to the press release, ENGlobal anticipates providing ongoing engineering, design, construction management and procurement support for Xcel Energy’s natural gas pipeline and facility projects in all of its operating regions.
ENGlobal and Xcel Energy previously teamed up on work that includes the 60-mile West Main segment pipeline replacement and the 34-mile Cherokee CACJ (Clean Air — Clean Jobs Act) pipeline. The two companies have also worked together on smaller capital and maintenance jobs involving Xcel Energy’s local gas transmission and distribution network. ENGlobal’s Broomfield, Colorado office, which has a growing staff of project execution professionals, will support this work.
“Xcel Energy and ENGlobal have a proven history of successful collaboration — having worked well together to efficiently manage and execute a substantial capital program,” stated William A. Coskey, P.E., Chairman and Chief Executive Officer of ENGlobal. “We would like to thank Xcel Energy for their continued confidence in our capabilities.”
For those unfamiliar with Xcel Energy, it is a major U.S. electric and natural gas company, with annual revenues of $10.9 billion. Today the company has regulated operations in eight Midwestern and Western states including, Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Xcel Energy provides a comprehensive portfolio of energy-related products and services to approximately 3.5 million electricity customers and 1.9 million natural gas customers through four operating companies.
For more information on ENGlobal, visit www.englobal.com
Please read full disclaimers at http://disclaimer.missionir.com
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