Work to add higher-voltage capacity and 10,000 miles of new lines faces key issues in siting, cost allocation and regulatory tension, says transmission sector consultant Grid Strategies in Sept. 13 report.
The agency that operates the plant is preparing to undertake $8 million in repairs, in addition to previously planned projects estimated to cost hundreds of millions more.
Cost bumps in U.S. offshore wind power construction are causing new impacts to projects and developers, but recent actions by some traditional energy sector firms indicate continuing commitment to a transition to renewables.
CEO Ian Edwards says new name cements market identity not tethered to past ethics scandals, legal battles and bottom line pressures of fixed-price construction, as Canada firm builds on its Atkins unit and new needs in changing energy and transportation niches.
The contractor does not "admit or deny" charges on legacy project accounting violations, says federal regulator, but it cooperated with financial reporting probe—as agency reached similar pact with former McDermott executives in June.