Pike to be subcontractor to Fluor for Clean Line Energy 800-mile transmission line

Mount Airy, N.C., December 13, 2011 — Pike Electric Corp. will be a subcontractor to Fluor for the proposed Plains & Eastern Clean Line LLC project, which is an 800-mile high-voltage direct current transmission line from Oklahoma to Tennessee and is currently in the development and permitting stages.

Fluor, which announced that it has signed a memorandum of understanding with Plains and Eastern Clean Line LLC, an affiliate of Clean Line Energy Partners LLC, will provide development support, preliminary engineering, procurement and construction services for the project.

After the project has received all permits and regulatory and financial approvals, Fluor and Pike will provide the full EPC services for the transmission line project. The Plains & Eastern Clean Line will consist of about 800 miles of overhead HVDC transmission lines that will deliver 3,500 MW of power from Oklahoma, Texas and Kansas to the southeastern U.S.

The completion of the Plains & Eastern Clean Line transmission project will make possible an estimated $7 billion of new renewable energy projects that otherwise may not be built due to limitations of the existing electric transmission grid.

The Plains & Eastern Clean Line will create thousands of jobs and increase state and local tax revenues. The project is expected to take several years to fully permit and could begin commercial operation as early as 2017.
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