Granite Awarded $50 Million Contract for Tiger Creek Regulator Dam Spillway Replacement

Corporate Action
โดย Business Wire·Read original
Summary · why it matters

Granite has been awarded an approximately $50 million contract by Pacific Gas and Electric for the Tiger Creek Regulator Dam Spillway Replacement project in Amador County, California. The project, part of PG&E's Mokelumne River Hydroelectric Project, involves constructing a new spillway to replace the existing structure at the slab and buttress dam originally built in 1931. Granite's scope includes building the new spillway crest and chute, installing a temporary cofferdam, excavation, rock anchoring, concrete placement, and decommissioning the old spillway, along with a permanent access road. Construction began in May 2026 and is expected to be completed by May 2028. A separate preconstruction contract worth approximately $600,000 was completed in 2024.

Impact on stocks 2

Industrials · 1 stocks
Energy Transition & Power Demand · 1 stocks
PG&E Corp
PCG
▲ PositiveCapitalrelevance

PG&E awards $50M contract for infrastructure project, indicating ongoing capital investment.