News and Press Releases

Shaw’s Power Group Orders Dry Cooling System

State-of-the-Art Technology Will Help Save Water

CHARLOTTE, NC — December 19, 2007 — SPX Corporation (NYSE:SPW) today announced that its cooling technologies has been awarded an approximately $50 million contract, one of the largest U.S. contracts it has ever received, to supply a dry cooling system for the Power Group of The Shaw Group Inc. (NYSE:SGR).

“A typical coal plant of this size could consume over eight million gallons of water each day. By utilizing our air cooled condenser technology, we are enabling the production of this power, condensing three million pounds of steam per hour, without the typical massive water consumption,” said Drew Ladau, President of SPX Thermal Equipment and Services.

The clean-coal power plant will use advanced circulating fluidized bed technology, which is recognized by the U.S. Department of Energy as a clean-coal technology for reducing sulfur dioxide and nitrogen oxide.

This modern facility will have the capacity to generate enough power for approximately 146,000 residential customers. Construction will begin on the project next year and it is anticipated to be operational by the summer of 2012.

“SPX is in the business of developing smart energy solutions for our customers. Our dry cooling technology is being used throughout the United States and in over 30 countries including Australia, Mexico, Canada, China and throughout Europe,” Ladau added.

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. A Fortune 500 company with nearly $6 billion in annual revenues, Shaw is headquartered in Baton Rouge, La., and employs approximately 27,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit Shaw’s Web site at http://www.shawgrp.com.

SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.

SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for all types of power plants throughout the world; custom engineered pumps, valves and mixers that assist a variety of flow processes including oil and gas exploration, distribution and refinement; handheld diagnostic tools that aid in vehicle maintenance and repair, and power transformers that regulate voltage for electrical transmission and distribution by utility companies.

SPX is headquartered in Charlotte, North Carolina and employs over 14,000 people worldwide in over 20 countries. Visit http://www.spx.com. (NYSE: SPW)

Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word “anticipated” and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.

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Jeremy W. Smeltser (Investors)
704-752-4478
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Jennifer H. Epstein (Media)
704-752-7403
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