News

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been awarded a contract valued at more than $30 million to design and supply a selective catalytic reduction (SCR) system for Xcel Energy's coal-fired Pawnee Generating Station in Brush, Colo.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) today announced that E. James (Jim) Ferland, 45, has been appointed President and Chief Executive Officer, effective April 19, 2012. Mr. Ferland will succeed Brandon C. Bethards, 64, who will step down as President and Chief Executive Officer of B&W, also on April 19, 2012. Mr. Bethards will retire from the Company effective at the Company's Annual Meeting of Stockholders, which is scheduled to be held on May 8, 2012, at which time he will also resign from the Board of Directors. Mr. Bethards will remain an advisor to the Company for 12 months following the 2012 Annual Meeting to ensure a seamless transition. Mr. Ferland has also been appointed to the B&W Board of Directors, effective upon becoming President and Chief Executive Officer.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Power Systems Operations, Inc. has been awarded a 10-year contract valued at more than $40 million to provide operations and maintenance (O&M) services for Ebensburg Power Company's 50 megawatt power plant in Ebensburg, Pa.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been awarded a contract to design and supply reheaters for three 660 megawatt coal-fired boilers at FirstEnergy's Harrison Power Station in Haywood, W.Va.

Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has named Ralph T. Bailey as the recipient of its 33rd Engineering Honors Award.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that Richard L. Killion, 64, President and Chief Operating Officer of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) will retire effective July 1, 2012. In addition, J. Randall (Randy) Data, 46, is named President and Chief Operating Officer of B&W PGG, effective April 1, 2012. To help ensure a smooth transition, Mr. Killion will serve in an advisory role to B&W PGG beginning April 1 until his retirement.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been selected as a preferred environmental control technology provider for several of Luminant's coal-fired power plants.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) has been included in the 2012 TR50, Technology Review's annual list of the world's most innovative technology companies, for its innovative small modular reactor technology and design. Technology Review is an independent media company owned by the Massachusetts Institute of Technology (MIT). According to the MIT-owned company, members of the TR50 list are nominated by Technology Review publication editors, who look for companies that over the last year have demonstrated original and valuable technology, are bringing that technology to market at a significant scale and are clearly influencing their competitors. Spanning energy, computing, the Web, biomedicine, and materials, the companies on the list, according to Technology Review, represent commercial innovations most likely to change lives around the world.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG), received its second release under the $2 billion contract awarded in 2010. The $600 million order was funded in the fourth quarter of 2011 and is for the manufacture of nuclear components to support U.S. defense programs including the manufacture of naval nuclear power systems for submarines and aircraft carriers. Combined with the annual award for naval nuclear fuel announced during the fourth quarter, B&W NOG reported total fourth-quarter bookings of $777.6 million, and ended 2011 with total backlog of approximately $3.0 billion.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract to design and supply two spray dry absorber (SDA) units and associated equipment for Xcel Energy's coal-fired Pawnee Generating Station in Brush, Colo.