Utilities up and down the East Coast were rapidly making progress on restoring power to the up to 7.5 million homes and businesses that were reported without electricity after Hurricane Irene struck over the weekend.No major damage was reported at East Coast power plants, but Constellation’s Energy’s Calvert Cliffs nuclear Unit #1 remained shut down after a piece of aluminum siding struck a transformer there. All nuclear plants in the path of the storm continued operating or safely shutdown in advance of the storm, according to reports from the Nuclear Regulatory Commission. Connecticut Light & Power reported having record outages in
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.