URS Selected by DTE Energy to Support Fleet of Power Generation Plants


URS Selected by DTE Energy to Support Fleet of Power Generation Plants

Contract Has an Estimated Value of $325 Million to URS

SAN FRANCISCO--(BUSINESS WIRE)-- URS Corporation (NYS: URS) , today announced that it has been awarded a five-year alliance contract by DTE Energy (DTE) to provide engineering, procurement, construction, maintenance, and technical consulting services in support of DTE's fleet of nuclear and fossil power generation plants in Michigan. The contract has an estimated value of $325 million to URS. Alliance operations will be based out of URS' office in Southfield, Michigan.

Robert W. Zaist, President of Energy & Construction for URS, said, "This award underscores the strength of our energy practice, including our long track record of safety performance and best practice implementation for leading power companies, such as DTE. We are pleased to have the opportunity to build upon our relationship with DTE, which began twenty-two years ago, and reaffirm our commitment to providing sustained value to DTE and the Michigan community."

URS Corporation (NYS: URS) is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. The Company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; information technology; and decommissioning and closure services. URS provides services for federal, oil and gas, infrastructure, power, and industrial projects and programs. Headquartered in San Francisco, URS Corporation has more than 50,000 employees in a network of offices in nearly 50 countries (www.urs.com).

DTE Energy (NYS: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric utility serving 2.1 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio also includes non-utility energy businesses focused on power and industrial projects and energy trading. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.

Statements contained in this press release that are not historical facts may constitute forward-looking statements, including statements relating to the ultimate value, execution, and performance of this contract, as well as other economic and industry conditions.The Company believes that its expectations are reasonable and are based on reasonable assumptions.However, such forward-looking statements by their nature involve risks and uncertainties. We caution that a variety of factors could cause the Company's business and financial results to differ materially from those expressed or implied in the Company's forward-looking statements. These factors include, but are not limited to: declines in the economy or client spending; the Company's ability to make accurate estimates and assumptions; workforce utilization; the Company's and its partners' ability to bid on, win, perform and renew contracts and projects; the Company's dependence on partners, subcontractors' and suppliers; customer payment defaults; the Company's ability to recover on claims; availability of bonding and insurance; liabilities for pending and future litigation; the impact of changes in laws and regulations; the Company's ability to attract and retain key individuals; employee, agent or partner misconduct; terrorist and natural disaster risks; the Company's relationships with its labor unions; and other factors discussed more fully in the Company's most recently filed periodic report, as well as in other reports filed from time to time with the Securities and Exchange Commission.These forward-looking statements represent only the Company's current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made.The Company assumes no obligation to revise or update any forward-looking statements.

URS Corporation
Sam Ramraj, 415-774-2700
Vice President,
Investor Relations
Sard Verbinnen & Co
Jamie Tully/Pamela Blum, 212-687-8080

KEYWORDS: United States North America California


The article URS Selected by DTE Energy to Support Fleet of Power Generation Plants originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Originally published