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KBR wins contract for Iowa Generating Station

KBR Inc. (NYSE: KBR) announced that it was awarded a full notice to proceed (FNTP) contract from Alliant Energy's Iowa utility subsidiary, Interstate Power and Light Company, for the engineering, procurement, and construction of a new nominal 650-megawatt, combined-cycle, natural-gas-fueled generating station in Marshalltown, Iowa.

The Marshalltown Generating Station will be located adjacent to Alliant Energy's existing generating site in Marshalltown. The new generating station will consist of two combustion turbines, two heat recovery steam generators, and one steam turbine, commonly known as a 2x1 combined-cycle configuration.

Alliant Energy received regulatory approval for the project from the Iowa Utilities Board (IUB) in November of 2013, with the condition that necessary pre-construction permits are received. After receipt of the Air Permits from the Iowa Department of Natural Resources (IDNR) in April of 2014, Alliant Energy received an unconditional Generating Certificate from the IUB in May of 2014.

Expected revenue from the contract will be booked in the second quarter 2014 backlog of unfilled orders for the Infrastructure, Government and Power segment. The contract value was not disclosed.



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