The Shaw Group Inc. (NYSE: SHAW) today announced it has achieved substantial completion of the new Virginia City Hybrid Energy Center, a 585-megawatt clean coal-fired generating plant in Virginia for Dominion Virginia Power. As part of substantial completion, the plant was operated at its rated capacity and released to Dominion for commercial operation.

In 2007, Shaw was awarded the engineering, procurement and construction contract for the new plant, which incorporates clean coal technologies and two circulating fluidized bed boilers supplying steam to a single steam turbine generator. Clean coal technologies, combined with modern post-combustion controls, result in low emissions of sulfur dioxide, nitrogen oxide, particulate matter and mercury.

"As one of the cleanest coal plants of its kind, the Virginia City Hybrid Energy Center is capable of burning a diverse mix of fuels," said Andy Dupuy, president of the Fossil Division of Shaw's Power Group. "Using advanced technologies and expertise, Shaw provides solutions for its clients to generate electric power in an environmentally sound and cost-effective way."

Key facts about the project include the following:

  • Circulating fluidized bed technology is recognized by the U.S. Department of Energy as a clean-coal technology for reducing sulfur dioxide and nitrogen oxide
  • The power station also has an air quality control system that includes a dry scrubber baghouse and an activated carbon injection system
  • The station uses coal, waste coal and biomass - waste wood

Dominion Virginia Power is a subsidiary of Dominion (NYSE: D), one of the nation's largest producers and transporters of energy, with a portfolio of approximately 28,000 megawatts of generation. Dominion operates the nation's largest natural gas storage system and serves retail energy customers in 15 states. For more information about Dominion, visit the company's website at www.dom.com.

The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2011 annual revenues of $5.9 billion, Shaw has approximately 27,000 employees around the world and is a power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For more information, please visit Shaw's website at www.shawgrp.com.

This press release contains forward-looking statements and information about our current and future prospects and our operations and financial results, which are based on currently available information. The forward-looking statements include assumptions about our operations, such as cost controls and market conditions, that may not be realized. Actual future results and financial performance could vary significantly from those anticipated in such statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, the occurrence of certain events or otherwise.

Among the factors that could cause future events or transactions to differ from those we expect are those risks discussed under Item 1A "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended August 31, 2011, our Quarterly Reports on Form 10-Q for the quarters ended November 30, 2011, and February 29, 2012, and May 31, 2012, and other reports filed with the Securities and Exchange Commission (SEC). Please read our "Risk Factors" and other cautionary statements contained in these filings.

As a result of these risks and others, actual results could vary significantly from those anticipated in this press release, and our financial condition and results of operations could be materially adversely affected.

The Shaw Group Inc.
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com