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Shaw Group (NYSE: SGR) Expands Contract With Entergy Nuclear Corp (NYSE: ETR)
The Shaw Group Inc. just announced an expansion of its maintenance contract with Entergy Nuclear. The Maintenance Division of Shaw’s Power Group currently offers maintenance services for 10 of Entergy Nuclear’s nuclear power plants. Now, the contract has expanded to include Entergy’s 798-MW Palisades plant, located near South Haven, Michigan. This brings the total number of Entergy plants maintained by Shaw to 11.
Although the financial value of this change has not been disclosed, Ron McCall, President of Shaw’s Maintenance Division, commented on the deal:
"The addition of Palisades to our contract affirms the strength of our growing relationship with Entergy. Our fleetwide, safety-focused performance will further enhance Entergy’s ability to meet its business objectives."
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