Black & Veatch and MRC Rail Services form fuel, transportation solution alliance

LAS VEGAS, Nev., Dec. 11, 2001 – Black & Veatch announced today its business collaboration with MRC Rail Services, an affiliate of Mitsui & Co., Ltd., to provide integrated fuel and transportation solutions to electric utilities and power producers.

Within this alliance Black & Veatch and MRC will integrate day-to-day fuel purchasing, delivery tracking and upfront fuel strategy planning. This will provide utilities with the ability to generate and execute the least-cost fuel and transportation plan in a seamless process that optimizes fuel strategies, minimizes generation costs and maximizes the efficiency and utilization of the available transportation network.

This comprehensive offering covers fuel strategy development, optimized planning, purchasing and scheduling, shipment monitoring, fleet management, inventory utilization, accounting and transaction processing in a flexible system that meets the needs of both large and small clients, available either as an Internet-based service or as tracking services combined with installed software.

“By combining MRC’s OnTrax with Black & Veatch’s FuelPro and Total Fuel Management software, we are able to deliver a complete, integrated and Internet-friendly solution to manage day-to-day fuel and transportation planning, scheduling, tracking and contract management functions,” said Black & Veatch Energy Services Vice President Scott Stallard. “This integrated system allows us to build on the proven strengths of our existing product lines to help the customer efficiently assess and optimize fuel and transportation options, manage logistics, and back end accounting functions within a distributed computing environment.”

Stallard continued, “Our tools can be integrated with existing systems, automate repetitive processes and replace outdated systems or processes. The result is the solution that is best for each client.”

MRC Rail Services President Mitch Nose said, “MRC and Black & Veatch are offering a fuel delivery model that allows electric utilities and power producers to minimize the cost of generating electricity. It covers all aspects of the fuel purchase decision from coal chemistry at the minemouth to payment of invoices based on ‘as-received’ coal. The Web-enabled set of decision tools allows dynamic monitoring of actual results vs. a predetermined plan. When utilized together, the complementary Black & Veatch and MRC software products will offer opportunities for electric power producers to improve profitability.”

About Black & Veatch Black & Veatch Corporation is a global engineering, construction and consulting firm specializing in infrastructure development in the fields of energy, water and information. Founded in 1915, Black & Veatch serves its clients with conceptual and preliminary engineering services, engineering design, procurement, construction, financial management, asset management, information technology, environmental and management consulting services. Headquartered in Kansas City, Mo., the employee-owned company has more than 90 offices worldwide. Black & Veatch is ranked 63rd on the Forbes “500 Top Private Companies in the U.S.” listing for 2000. The company’s Web site address is www.bv.com .

Black & Veatch’s Energy Services Division offers a wide variety of consulting and engineering services spanning plant operation, portfolio management, asset management and environmental issues. Black & Veatch has also offered solutions for fuel supply optimization, fuel management, plant performance monitoring and real-time analysis for more than 15 years.

About MRC Rail Services, LLC MRC Rail Services offers Internet-based information technology systems (OnTrax) to support its fleet operations and private railcar maintenance activities. The company continues to expand its customer base in the software services area by providing logistics solutions to electric power generators and coal mining companies. MRC also leases a diversified portfolio of railcars on net and full service operating terms to both private shippers and railroads.

The company is an affiliate of Mitsui & Co., Ltd., a international trading company with offices and subsidiaries located in 93 countries. Mitsui’s core business is domestic and international trade, which it leverages with extensive service capabilities in marketing, financing, risk hedging and logistics systems.

In particular, Mitsui deploys cutting-edge information, financial and logistics technologies to meet all clients’ needs for business solutions and value creation. In the United States, Mitsui (through its subsidiary Mitsui USA) operates 10 business divisions in 15 locations and nearly 100 consolidated subsidiaries and joint ventures.

Mitsui’s total trade transactions amounted to $104 billion for the fiscal year ending March 31, 2001. MRC Rail Services’ Web site address is www.mrc-rail.com .

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