The Shaw Group Inc. announced June 18 that it will sell its transmission and distribution division in order to focus on power plant construction and maintenance.
Baton Rouge-based Shaw says it will sell the assets of Shaw Energy Delivery Services Inc. (EDS) to Pike Electric Inc., a wholly-owned subsidiary of Pike Electric Corp., Mount Airy, N.C. for about $24 million in cash. The deal is scheduled to close in the first quarter of 2009.