PIC Energy Group, Inc. Announces Startup and Commissioning Contract with PSEG

ATLANTA (July 30, 2001): The PIC Energy Group, Inc. is pleased to announce our agreement with PSEG to conduct an expansion project for a combined cycle fossil fuel facility in Ridgefield, New Jersey. The current facility is a 650 MW natural-gas fired combined cycle plant; the expansion will represent an additional 500MW 2×1 7FA combined cycle add-on with plans to begin commercial operation in 2002. The project scope includes Commissioning and Startup Management, Procedures, Scheduling, Administrative Manuals, Personnel and Design and Operability Reviews.

PIC is very enthusiastic about working with PSEG, recognized as one of the United States leading energy providers, and ranked 275 on the Fortune 500 list in the year 2000. “We embrace the challenge to provide optimum results while implementing the PIC on time and on budget philosophy. The Startup and Commissioning of this project will commence during the fall of 2001 and take place at the Bergen 2 plant in Ridgefield, New Jersey,” said Perry Novak, Director of Technical Services, PIC Energy Group.

PIC provides global service solutions to the energy industry. It offers full third party operations and maintenance services, turnkey outage and turnaround services, and complete staffing services for all aspects of project development and execution including engineering, construction, start-up, commissioning, operations and maintenance. PIC is a people company. Services are all about people and processes, and PIC has thirteen years of experience and a world of resources to meet your project needs. PIC serves its customers from its home office in Marietta (Atlanta), Georgia, as well as offices in Houston, Manila, Budapest, Bangkok, Kuala Lumpur, Japan (Tokyo), and Zurich.