HOUSTON, Jan. 24, 2011 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that Washington state based Puget Sound Energy (PSE) has awarded a five-year contract to InfraSource LLC, a subsidiary of Quanta Services, to provide construction and maintenance services across the utility's six-county natural gas service area. The contract is expected to produce approximately $400 million in revenues for Quanta during its five-year term.

"Quanta Services shares PSE's vision of providing customers with reliable and cost-effective natural gas services," said John R. Colson, chairman and chief executive officer of Quanta Services. "Our safety, regulatory compliance, customer satisfaction and community relationships are the foundation of our collaborative approach to providing quality, efficient system maintenance and construction."

InfraSource will have an office in Issaquah, Wash. and will employ at least 250 employees to work on PSE's natural gas system.

About Quanta Services, Inc.

Quanta Services is a leading specialized contracting services company, delivering infrastructure solutions for the electric power, natural gas and pipeline and telecommunication industries. The company's comprehensive services include designing, installing, repairing and maintaining network infrastructure nationwide. With operations throughout North America, Quanta has the manpower, resources and expertise to complete projects that are local, regional, national or international in scope.

About Puget Sound Energy

Washington state's oldest local energy utility, Puget Sound Energy serves more than 1 million electric customers and nearly 750,000 natural gas customers in 11 counties. A subsidiary of Puget Energy, PSE meets the energy needs of its customers through incremental, cost-effective energy efficiency, procurement of sustainable energy resources, and far-sighted investment in the energy-delivery infrastructure. PSE employees are dedicated to providing great customer service and delivering energy that is safe, reliable, reasonably priced, and environmentally responsible. For more information, visit www.PSE.com.

Forward-Looking Statements

This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, the scope, term and results of the services to performed by Quanta pursuant to the contract; the aggregate expected revenues associated with such services; and the number of individuals expected to be employed to work on PSE's natural gas system; as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. Although Quanta's management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements can be affected by inaccurate assumptions and by a variety of risks and uncertainties that are difficult to predict or beyond our control, including, among others, the absence of a firm commitment to issue or accept work orders pursuant to the contract; the ability of the parties to negotiate and finalize work orders relating to services to be performed under the contract; the final terms and conditions of work orders that may be issued under the contract, including the scope of services to be performed; the successful performance and timely completion of services under applicable work orders; the ability of the customer to terminate the contract before expiration of its term; total costs of the projects, which include permitting, engineering, right-of-way acquisition, materials and construction, may be more or less than estimated; the potential for incurring damages for schedule delays or performance shortfalls, including as a result of warranty claims following completion; the failure of Quanta's subcontractors to perform their obligations, including warranty obligations, under their subcontracts; adverse changes in economic conditions and trends in relevant markets; future growth in the natural gas utility industry; delays or changes in scope of projects awarded under the contract; the inability of the customer to pay for services; cancellation and termination provisions present in the contracts; and other factors affecting the business of the respective parties generally, including risks detailed in Quanta's Annual Report on Form 10-K for the year ended December 31, 2009, Quanta's Quarterly Reports on Form 10-Q for each quarter ended in fiscal year 2010 and any other documents of Quanta filed with the Securities and Exchange Commission (SEC). Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Quanta further expressly disclaims any written or oral statements made regarding the subject matter of this press release by any third party. For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through the company's web site at http://www.quantaservices.com/ or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov/.


    Quanta Services                              Puget Sound Energy
     Contacts:              Investor Contact:    Contact:
    James Haddox, CFO       Kip Rupp            Martha Monfried
    Reba Reid               DRG&L               888-831-7250
    713-629-7600            404-880-9276

SOURCE Quanta Services, Inc.