Pike Electric Corp. (PIKE) said the Shaw Group Inc. (SHAW) has awarded Pike an engineering, procurement, and construction contract for the new 230kV Transmission Switchyard and Offsite Power System for the V.C. Summer Nuclear Station in South Carolina. The new units, known as V.C. Summer 2 and 3, are scheduled for completion in 2016 and 2019.
The company said the engineering for the project would begin immediately and that the construction is expected to be completed by the end of 2015.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.