Quanta Services announces management change

HOUSTON, Oct. 25, 2002 — Quanta Services Inc. announced Thursday that Peter T. Dameris, chief operating officer, has resigned to pursue other interests.

Dameris will remain available on a consulting basis. No replacement has been named. John Colson, Quanta Services’ chairman and CEO, will assume the responsibilities of chief operating officer with the continued support of the existing senior management team.

“We appreciate the insight and experience that Peter brought to our operations as we integrated our specialty contracting businesses in a very difficult operating environment,” stated Colson.

“Peter’s focus on operational issues within our control has equipped the company to take advantage of opportunities when we exit this downturn. We believe our strategic focus, combined with the new capital we recently received from First Reserve Corporation, positions the company to meet the challenges facing our customers and the economy in general. We wish Peter the very best in his future endeavors.”

Quanta Services, Inc. is a leading provider of specialized contracting services, delivering end-to-end network solutions for electric power, gas, telecommunications and cable television industries. The company’s comprehensive services include designing, installing, repairing and maintaining network infrastructure nationwide.

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