Northeast Utilities said today it has added two years and $200 million to its contract with a Houston engineering-construction firm overseeing the expansion of NU’s New England electric transmission network.
The original five-year, $750 million contract Berlin-based NU signed with Quanta Services Inc. in December 2007 calls for Quanta to provide labor, equipment and general project management for NU’s transmission projects throughout New England. The contract was to expire in 2013.
NU Chairman and CEO Charles W. Shivery said the new deal recognizes Quanta’s success building a 45-mile Middletown-Norwalk transmission line a year ahead of schedule and nearly $100 million below budget.
“As New England’s energy future becomes more complex and demanding,” Shively said, “we are continuing efforts to improve the transmission system with infrastructure projects that strengthen the grid and provide benefits to the region’s customers. We also see the possibility of renewable-related projects in the future. This extended agreement assures we have the expertise and resources available to meet our future project work.”
