I bet this company is going to be doing some hiring

[NNN0LHI]

http://www.suntimes.com/business/pincus/1898922,CST-FIN-pincus23.article

Poised for powerful growth

MYR Group sees stimulus boost for firm's electrical transmission work

November 23, 2009

TED PINCUS [e-mail]

Chicago's likeliest big beneficiary of President Obama's stimulus package?

Would you imagine that it might be an obscure, mundane and relatively new public company that is emerging as a leading force in electrifying America? That's because the feds are about to uncork a long bottled-up demand for more juice, coupled with a faster dash to turn the nation green.

The lucky company is MYR Group, based in Rolling Meadows, a new name (MYRG) on Nasdaq last fall after the 119-year-old L.E. Myers Corp. had been reincarnated by a private-equity group and taken public. Since then, its hyperactive CEO, Bill Koertner, 60, has been gearing the firm, which is as old as electricity itself, for a destiny now clearly within reach.

The brass ring whose time has come is all about infrastructure -- the demand for vastly expanded reach of electric power transmission and distribution to the nation's utilities, municipalities, government agencies and commercial and industrial users.

MYR doesn't generate the juice -- it gets it where it's needed. It supplies the talent and contracting equipment to erect high cables, towers and underground networks. snip


One key is the American Recovery and Investment Act, which offers:

• A 30 percent investment tax credit on energy property and production through 2012, plus $6 billion in loan guarantees for renewable power generation and transmission investment.

• An additional $4.5 billion for a distribution "smart grid."

• A direct $6.5 billion to the Bonneville Power Administration and Western Power Administration for transmission upgrades.

• $6 billion in clean water infrastructure.

[boobooday]

1. Perhaps these investments in infrastructure

Can help put some people to work. Especially returning vets!

Sounds much more productive than giving public funds to Blackwater & KBR!

[hobbit709]

2. If even half the money given to Wall St

had been used to fix our crumbling infrastructure we'd all be better off.

Failing bridges, dams, roads, power lines, water and sewer systems are much larger danger to this country than some "Too big to fail" outfit going under.