MYR Group wins transmission contract with Central Maine Power Co.

Rolling Meadows, Ill., December 21, 2010 – MYR Group Inc., a specialty contractor serving the electrical infrastructure market, entered into a contract with Central Maine Power Co., a unit of Iberdrola, to construct and rebuild about 210 miles of 345-kV and 115kV transmission lines throughout northeastern Maine.

The contract value is about $200 million. The project includes the Northern Loop of the $1.4 billion Maine Power Reliability Program, the largest energy infrastructure project in the state’s history.

Under the contract, MYR Transmission Services, an MYR unit, will provide transmission line construction services including environmental controls, foundation installation, structure installation and conductor stringing for the new line segments.

Construction planning is already underway and actual construction is expected to begin in early 2011. Substantial completion is scheduled for August 2014.

The work MYRT will perform under the contract will contribute to Central Maine Power Company’s commitment to improving the reliability of its bulk electric transmission system while bolstering Maine’s economy and improving access to greater sources of renewable energy.

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