Monday, July 12, 2010

Shaw Power Group sees big jump in quarterly profits - Charlotte Business Journal

Shaw Power Group sees big jump in quarterly profits - Charlotte Business Journal:
Charlotte Business Journal - by John Downey Senior Staff Writer
"Shaw Chief Executive Jim Bernhard Jr. says his company is beginning to get a lift from construction of nuclear plants.

“We continue to make progress on our nuclear projects, with four units simultaneously under construction in China and additional AP1000 units planned for the future,” he says in a prepared statement. “Our quarterly earnings also have begun to show an impact from the four nuclear units we currently are building in the United States.”

Those include two nuclear reactors under construction in South Carolina. Charlotte-based Duke Energy Corp. (NYSE:DUK) intends to use the AP1000 for its proposed Lee Nuclear Station near Gaffney, S.C."

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