PMEG Awarded Total Maintenance Contract for two LM6000 facilities in France

ATLANTA (July 1, 2005) - The PIC-Marubeni Energy Group (PMEG) was recently awarded contracts to provide services for two cogeneration facilities located near Lyon, France. Siemens, France and Alstom, France, selected PMEG as their sub-contractor to provide Total Maintenance Services on two LM6000 cogeneration plants owned by Rhodia Energy SAS of Rueil Malmaison, France.

Total Maintenance Services includes all routine package maintenance and calibration, performance monitoring, and management and monitoring of major maintenance services.

Tom Paul, President of PIC-Marubeni Energy Services said, “By sub-contracting these Total Maintenance Services to PMEG, Alstom France, and Siemens France have shown their confidence in PMEG’s programs, local capabilities, and broad aero-derivative experience. We’re proud that Alstom and Siemens have chosen PMEG to support their customer in Europe.”

PMEG, a subsidiary of The PIC Companies, is headquartered in Marietta (Atlanta), Georgia. PMEG provides full third-party O&M services worldwide. PMEG has asset management experience in seven countries on more than 4,500 MW’s of contracted O&M services that encompass 26 sites; 56 Gas Turbines; and 46 Reciprocating Engines.

The company has also supported 84 client projects in 18 countries with installation, commissioning, initial operations, and/or maintenance of coal-fired power plants and thermal power plants totaling approximately 33,000 MW.