Stantec selected by Los Angeles Department of Water & Power for 5-year US $104-million Master Services Agreement
August 15 2024 - 6:45AM
TSX, NYSE:STN
Stantec, a global leader in sustainable design and engineering,
has been selected by the Los Angeles Department of Water &
Power (LADWP) for a new five-year master services agreements (MSA)
to upgrade, expand, and modernize the electrical infrastructure in
greater Los Angeles. The firm will support LADWP’s Power System
Reliability Program (PSRP) projects to renew aging infrastructure
and assist LADWP in driving the clean energy transition
forward.
Stantec will serve as one of the Owner’s Representatives (OE)
for the duration of the US$104-million agreement and supply power
system and resource development services. Transmission planning
studies (including high voltage direct current (HVDC) and
interconnection studies), reliability assessments, distributed
energy resources studies, economic evaluations, and impact
assessments are among the requested services to be provided. In
addition, consulting services for construction, maintenance,
safety, quality assurance, testing, and commissioning will be
provided upon request.
As part of the resource development services, Stantec will
perform planning and feasibility studies, renewable resources
assessments, reliability and cost evaluations, as well as
assessments of best practices for the management of LADWP’s power
supply as requested. Engineering services for conventional
generation, renewable energy, and supporting projects, including
all aspects of civil, electrical, mechanical, structural, and
geotechnical engineering may also be provided.
“Renewable power generation is only part of the energy
transition leading to a lower carbon future. Utilities around the
world must also modernize and expand the electrical infrastructure
needed to deliver power to our communities, safely and reliably,”
says Mario Finis, executive vice president of Energy &
Resources at Stantec. “Our power delivery teams understand the
diverse set of challenges associated with integrating large amounts
of renewables onto the grid, and we’re proud to support LADWP as
they drive the transition to clean energy.”
Stantec’s Energy & Resources team is an industry leader in
power delivery services and solutions designed to support the
changing needs of global communities. The global firm’s work
involves evaluating, designing, and commissioning generation,
transmission, substation, distribution, energy storage, and grid
modernization projects. Earlier this year, Stantec signed a
CAD$186-million master services agreement with BC Hydro, providing
transmission and distribution engineering as well as project
delivery services for the electrical infrastructure in British
Columbia, Canada. The firm is also currently serving as Owner’s
Engineer for Pattern Energy’s SunZia Transmission Project, which is
part of the largest clean energy infrastructure initiative in US
history and will deliver 3,000 megawatts of power to communities
throughout the southwest US.
To learn more about Stantec’s Power Delivery
services, click here.
About Stantec
Stantec empowers clients, people, and communities to rise to the
world’s greatest challenges at a time when the world faces more
unprecedented concerns than ever before.We are a global leader in
sustainable architecture, engineering, and environmental
consulting.
Our professionals deliver the expertise, technology, and
innovation communities need to manage aging infrastructure,
demographic and population changes, the energy transition, and
more.
Today’s communities transcend geographic borders. At Stantec,
community means everyone with an interest in the work that we
do—from our project teams and industry colleagues to our clients
and the people our work impacts. The diverse perspectives of our
partners and interested parties drive us to think beyond what’s
previously been done on critical issues like climate change,
digital transformation, and future-proofing our cities and
infrastructure.
We are designers, engineers, scientists, project managers, and
strategic advisors. We innovate at the intersection of community,
creativity, and client relationships to advance communities
everywhere, so that together we can redefine what’s possible.
Stantec trades on the TSX and the NYSE under the symbol STN.
Visit us at stantec.com or find us on social media.
Cautionary Note Regarding Forward-Looking StatementsThis news
release contains forward-looking statements regarding the
initiatives and projects described above. Forward-looking
statements also include any other statements that do not refer to
historical facts. By their nature, forward-looking statements are
based on assumptions and subject to inherent risks and
uncertainties. There is a risk that the initiatives and projects
described above may be delayed, cancelled, suspended or terminated.
This could cause future results to differ materially from the
forward-looking statements made in this news release. Except as may
be required by law, Stantec undertakes no obligation to publicly
update or revise any forward-looking statements. Forward-looking
statements are provided herein for the purpose of giving
information about the initiatives and projects referred to above
and their expected impact. Readers are cautioned that such
information may not be appropriate for other purposes.
Media ContactAshley WarnockStantec Corporate Media
RelationsPh: (780) 969-6610ashley.warnock@stantec.com |
Investor ContactJess NieukerkStantec Investor
RelationsPh: (403) 569- 5389 ir@stantec.com |
Project Media ContactTyler McCalpinStantec Energy
& Resources PRPh: (780) 917-8513tyler.mccalpin@stantec.com |
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