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Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) firm AECOM (NYSE:ACM) (Los Angeles, California) soared to a near-record backlog at the end of its 2019 fiscal year, fueled by sharp growth in its Design and Consulting Services Group and Construction Management segment, both of which play key roles in the Power Generation and Oil & Gas industries. Industrial Info is tracking more than $50 billion in active projects involving AECOM worldwide, including $38.5 billion worth in the U.S. and Canada.
Click on the image at right for a graph detailing the top 10 U.S. states and Canadian provinces for AECOM projects, by investment value.
AECOM's power-generation projects include plans that reflect the growing domestic demand for energy from natural gas and renewable sources: Balico LLC's (Herndon, Virginia) estimated $1.3 billion Chickahominy Power Station in Charles City, Virginia, a natural gas-fired, combined-cycle (NGCC) plant that would generate 1,650 megawatts (MW) from a series of combustion and steam turbines; NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) $650 million Emmons-Logan Windfarm in Linton, North Dakota, which is expected to generate 300 MW from 133 turbines; and Clean Focus Renewables Incorporated's (Sunnyvale, California) $150 million Rugged Solar Plant in San Diego, California, which would generate 80 MW from photovoltaic (PV) panels.
However, the Chickahominy project likely will be one of the last of its kind for AECOM, which announced last year that it would no longer pursue fixed-price, gas-fired power plant work. For more information, see Industrial Info's reports on the Chickahominy, Emmons-Logan and Rugged Solar.
The changing face of the domestic power-generation industry also can be seen in AECOM's work as an environmental consultant on a trio of ash-pond closures in the U.S. Mid-Atlantic region: Dominion Energy Incorporated's (NYSE:D) (Richmond, Virginia) estimated $480 million Chesterfield Power Station ash landfill project in Chester, Virginia, and Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina) estimated $400 million ash-pond closure at the Allen Power Station in Belmont, North Carolina, and estimated $174 million ash-pond closure at the Belews Creek Power Station in Belews Creek, North Carolina. These structures were built adjacent to coal-fired power plants to store coal ash, a byproduct of coal-fired power generation that also is called coal combustion residual (CCR).
These projects are being planned in accordance with long-standing rules from the U.S. Environmental Protection Agency (EPA). Although the EPA is proposing changes to these rules, it is unlikely that any such projects that have moved past the preliminary stages are going to see total reversals. For more information, see November 12, 2019, article - Draft EPA Rules Could Affect Billions of Dollars in Power Plant Remediation Projects; April 23, 2019, article - Duke Energy Capital Spending May Soar with Coal-Ash Cleanup; and Industrial Info's reports on the Chesterfield, Allen and Belews Creek projects.
AECOM also has an extensive presence in the North American Oil & Gas Industry. Among its projects currently set to begin construction next year is HollyFrontier Corporation's (NYSE:HFC) (Dallas, Texas) estimated $120 million refined-products pipeline from Orla to Midland, Texas. AECOM is performing design-engineering services for the 117-mile project, which is planned to carry up to 40,000 barrels per day (BBL/d). For more information, see Industrial Info's project report.
AECOM also is attached to a pair of smaller pipeline projects that are nearing or under construction. New Jersey Resources Corporation's (Wall, New Jersey) $55 million Southern Reliability Link from Burlington County to Ocean County, New Jersey, which will provide a secondary interstate feed into the southern end of the New Jersey Natural Gas delivery system. The line will transport up to 180 million standard cubic feet per day of natural gas and will be supported by a $25 million compressor station.
In Canada, AECOM is nearing completion on Enbridge Incorporated's (NYSE:ENB) (Calgary, Alberta) $65 million Kingsville Reinforcement Access Pipeline from Lakeshore to Kingsville, Ontario, which will transport up to 75 million standard cubic feet per day of natural gas and will be supported by a $40 million compressor station. For more information, see Industrial Info's project reports on the Southern Reliability pipeline and station, and the Kingsville Reinforcement pipeline and station.
AECOM's total backlog of nearly $60 billion is up 11% over that of fiscal 2018. AECOM booked $6.3 billion worth of contract wins in the fourth quarter of its 2019 fiscal year, resulting in a 1.2 book-to-bill ratio, including a greater than 1 book-to-burn ratio in all three segments; a ratio of more than 1 indicates a company has a demand for orders that exceeds what it can immediately supply. The full year's wins totaled $27.5 billion, a 1.3 book-to-bill ratio.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing the top 10 U.S. states and Canadian provinces for AECOM projects, by investment value.AECOM's power-generation projects include plans that reflect the growing domestic demand for energy from natural gas and renewable sources: Balico LLC's (Herndon, Virginia) estimated $1.3 billion Chickahominy Power Station in Charles City, Virginia, a natural gas-fired, combined-cycle (NGCC) plant that would generate 1,650 megawatts (MW) from a series of combustion and steam turbines; NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) $650 million Emmons-Logan Windfarm in Linton, North Dakota, which is expected to generate 300 MW from 133 turbines; and Clean Focus Renewables Incorporated's (Sunnyvale, California) $150 million Rugged Solar Plant in San Diego, California, which would generate 80 MW from photovoltaic (PV) panels.
However, the Chickahominy project likely will be one of the last of its kind for AECOM, which announced last year that it would no longer pursue fixed-price, gas-fired power plant work. For more information, see Industrial Info's reports on the Chickahominy, Emmons-Logan and Rugged Solar.
The changing face of the domestic power-generation industry also can be seen in AECOM's work as an environmental consultant on a trio of ash-pond closures in the U.S. Mid-Atlantic region: Dominion Energy Incorporated's (NYSE:D) (Richmond, Virginia) estimated $480 million Chesterfield Power Station ash landfill project in Chester, Virginia, and Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina) estimated $400 million ash-pond closure at the Allen Power Station in Belmont, North Carolina, and estimated $174 million ash-pond closure at the Belews Creek Power Station in Belews Creek, North Carolina. These structures were built adjacent to coal-fired power plants to store coal ash, a byproduct of coal-fired power generation that also is called coal combustion residual (CCR).
These projects are being planned in accordance with long-standing rules from the U.S. Environmental Protection Agency (EPA). Although the EPA is proposing changes to these rules, it is unlikely that any such projects that have moved past the preliminary stages are going to see total reversals. For more information, see November 12, 2019, article - Draft EPA Rules Could Affect Billions of Dollars in Power Plant Remediation Projects; April 23, 2019, article - Duke Energy Capital Spending May Soar with Coal-Ash Cleanup; and Industrial Info's reports on the Chesterfield, Allen and Belews Creek projects.
AECOM also has an extensive presence in the North American Oil & Gas Industry. Among its projects currently set to begin construction next year is HollyFrontier Corporation's (NYSE:HFC) (Dallas, Texas) estimated $120 million refined-products pipeline from Orla to Midland, Texas. AECOM is performing design-engineering services for the 117-mile project, which is planned to carry up to 40,000 barrels per day (BBL/d). For more information, see Industrial Info's project report.
AECOM also is attached to a pair of smaller pipeline projects that are nearing or under construction. New Jersey Resources Corporation's (Wall, New Jersey) $55 million Southern Reliability Link from Burlington County to Ocean County, New Jersey, which will provide a secondary interstate feed into the southern end of the New Jersey Natural Gas delivery system. The line will transport up to 180 million standard cubic feet per day of natural gas and will be supported by a $25 million compressor station.
In Canada, AECOM is nearing completion on Enbridge Incorporated's (NYSE:ENB) (Calgary, Alberta) $65 million Kingsville Reinforcement Access Pipeline from Lakeshore to Kingsville, Ontario, which will transport up to 75 million standard cubic feet per day of natural gas and will be supported by a $40 million compressor station. For more information, see Industrial Info's project reports on the Southern Reliability pipeline and station, and the Kingsville Reinforcement pipeline and station.
AECOM's total backlog of nearly $60 billion is up 11% over that of fiscal 2018. AECOM booked $6.3 billion worth of contract wins in the fourth quarter of its 2019 fiscal year, resulting in a 1.2 book-to-bill ratio, including a greater than 1 book-to-burn ratio in all three segments; a ratio of more than 1 indicates a company has a demand for orders that exceeds what it can immediately supply. The full year's wins totaled $27.5 billion, a 1.3 book-to-bill ratio.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
