MARKET WIRE NEWS

Five Star Electric Awarded Electrical Package for the Passaic Valley Sewerage Commission Standby Power Generator Facility

MWN-AI** Summary

Tutor Perini Corporation (NYSE: TPC) announced that its subsidiary, Five Star Electric, has secured an electrical subcontract from Skanska/Railroad SPGF Joint Venture for the Passaic Valley Sewerage Commission (PVSC) Standby Power Generator Facility. This project aims to enhance the resiliency of the wastewater treatment system in Newark, New Jersey, by establishing an on-site emergency backup power system.

The facility will feature a natural gas-fired power plant capable of generating 34 megawatts of electricity, enough to sustain operations during grid outages. The energy infrastructure will consist of three 28-megawatt combustion turbine generators, two 2-megawatt black-start engine generators, and two 164-kilowatt diesel fire pump engines. Five Star Electric’s responsibilities include various scopes of work, such as power distribution, switchgear installation, grounding, lightning protection, communications, security systems, lighting, fire alarms, and instrumentation and controls.

Construction has already commenced, with substantial completion slated for the fourth quarter of 2027. The undisclosed value of this contract has been added to Tutor Perini’s backlog for the third quarter of 2025.

Tutor Perini Corporation brings over a century of experience to the civil and specialty construction sectors, having built a reputation for executing complex projects on time and within budget while upholding high safety and quality standards. The company offers a wide array of services, including general contracting and comprehensive project management, alongside expertise in design-bid-build, design-build, and public-private partnership projects. The addition of Five Star Electric's subcontract underscores Tutor Perini's continued commitment to advancing critical infrastructure projects that bolster community resilience and safety.

For further details, see the source version on businesswire.com.

MWN-AI** Analysis

The recent awarding of the electrical package for the Passaic Valley Sewerage Commission Standby Power Generator Facility to Five Star Electric, a subsidiary of Tutor Perini Corporation (NYSE: TPC), signals a positive trajectory for the company amid rising demand for resilient infrastructure solutions. This project, which entails a robust natural gas-fired power generation system designed for emergency backup at a critical facility, underscores Tutor Perini's strengths in civil and specialty construction.

The increasing focus on sustainability and emergency preparedness in utility services positions Tutor Perini as a key player in this market. The scope of work for Five Star Electric includes essential and high-margin services such as power distribution, switchgear installation, and communications systems, which indicates a strategic move to capitalize on comprehensive service offerings. Furthermore, with completion expected by late 2027, the project will contribute materially to the company’s backlog, enhancing revenue visibility over the next few years.

Investors should note Tutor Perini’s long-standing reputation since 1894, which adds credibility to its ability to execute large-scale projects on time and within budget—a critical factor in the construction industry. The company’s approach of self-performing key components of its projects may lead to better cost control and improved profit margins.

However, potential investors should also consider the inherent risks associated with long-term projects, including fluctuations in raw material costs, labor availability, and regulatory hurdles. With the anticipated demand for infrastructure improvements likely to remain robust amid a focus on climate resilience, Tutor Perini might be well-positioned for growth.

Therefore, a cautious bullish stance on Tutor Perini stock could be prudent, especially for those looking for exposure to the ongoing infrastructure investment trend. Continuous monitoring of project progress and market conditions will be essential for informed decision-making.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Five Star Electric, has been awarded an electrical subcontract by Skanska/Railroad SPGF JV for the Passaic Valley Sewerage Commission (“PVSC”) Standby Power Generator Facility. This project is a resiliency initiative by PVSC to construct an on-site emergency backup power system at its wastewater treatment plant in Newark, New Jersey. The facility features a natural gas-fired power plant designed to generate 34 megawatts of electricity, sufficient to power the treatment plant during grid failures. It includes three 28-megawatt combustion turbine generators, two 2-megawatt black-start engine generators, and two 164-kilowatt diesel fire pump engines. Five Star Electric’s scope of work includes power distribution, switchgear, grounding, lightning protection, communications and security systems, lighting, fire alarm system, and instrumentation/controls.

Work has recently commenced, and substantial completion is anticipated in the fourth quarter of 2027. The undisclosed contract value was added to the Company’s backlog in the third quarter of 2025.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict safety and quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, and have strong expertise in delivering design-bid-build, design-build, construction management, and public-private partnership (P3) projects. We often self-perform multiple project components, including earthwork, excavation, concrete forming and placement, steel erection, electrical, mechanical, plumbing, heating, ventilation and air conditioning (HVAC), and fire protection.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250929812875/en/

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Senior Vice President, Investor Relations and Corporate Communications
www.tutorperini.com

FAQ**

How does the recent electrical subcontract awarded to Tutor Perini Corporation TPC for the PVSC Standby Power Generator Facility contribute to the company's overall backlog and financial outlook for the upcoming quarters?

The recent electrical subcontract awarded to Tutor Perini Corporation for the PVSC Standby Power Generator Facility enhances the company's backlog, indicating increased project commitments and a more robust financial outlook for the upcoming quarters.

What strategic advantages does Tutor Perini Corporation TPC gain by participating in large-scale resiliency initiatives like the Passaic Valley Sewerage Commission project?

By participating in large-scale resiliency initiatives like the Passaic Valley Sewerage Commission project, Tutor Perini Corporation gains strategic advantages such as enhanced reputation, access to government contracts, diversification of its project portfolio, and increased expertise in sustainable infrastructure.

In what ways does Tutor Perini Corporation TPC ensure that projects, such as the PVSC Standby Power Generator Facility, adhere to safety and quality control measures throughout the construction process?

Tutor Perini Corporation ensures safety and quality control measures through rigorous project management protocols, comprehensive training for staff, regular safety audits and inspections, adherence to industry standards, and continuous monitoring of construction practices throughout the project lifecycle.

Can you provide insights into how Tutor Perini Corporation TPC plans to balance its diverse service offerings while managing the complexities associated with projects of this magnitude?

Tutor Perini Corporation plans to balance its diverse service offerings by streamlining project management processes, leveraging technology for efficiency, and fostering strategic partnerships to effectively handle the complexities of large-scale projects while ensuring quality and timely delivery.

**MWN-AI FAQ is based on asking OpenAI questions about Tutor Perini Corporation (NYSE: TPC).

Tutor Perini Corporation

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