CB&I Breaks Ground on New Combined-Cycle Gas Turbine Power Station

THE WOODLANDS, Texas, Jan. 31, 2017 /PRNewswire/ -- CB&I (NYSE:CBI) today announced the groundbreaking of the St. Charles Power Station, a new natural gas-fired combined-cycle power plant for Entergy Corporation subsidiary Entergy Louisiana, LLC in Montz, Louisiana. The project, which includes the engineering, procurement, and construction of the 980 megawatt plant, was included in CB&I's backlog in the second quarter of 2015. The St. Charles Power Station, which features advanced class turbines for their efficiency and ability to meet stricter ambient emission regulations, will be one of the cleanest and most efficient fossil units in Entergy Louisiana's fleet.

"CB&I has a long history with Entergy, most recently working together to successfully complete the Ninemile Unit 6, combined-cycle gas turbine unit in Westwego, Louisiana," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "CB&I looks forward to helping Entergy Louisiana meet the region's growing energy demand with new, clean, affordable and reliable power generation."

About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With over 125 years of experience and the expertise of more than 40,000 employees, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.CBI.com. 

About Entergy Corporation
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 10,000 megawatts of nuclear power. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $11.5 billion and more than 13,000 employees.

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This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2015, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.

Investors: Scott Lamb, +1 832 513 1068, [email protected]
Media: Gentry Brann, +1 832 513 1031, [email protected]

SOURCE CB&I

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