MOUNT AIRY, N.C., Nov. 20 /PRNewswire-FirstCall/ -- Pike Electric Corporation , one of the nation's largest providers of electric distribution and transmission services, today announced a renewal of its lengthy business relationship with Duke Energy Corporation.
The company has successfully re-bid their existing Master Service Agreement for overhead and underground work at similar volume and revenue levels for the next five (5) years, according to Pike.
In making the announcement, J. Eric Pike, the Company's Chief Executive Officer noted that Pike is proud to continue its 61 year relationship with Duke Energy and, "we are extremely pleased to continue as a significant service resource for Duke Energy as our companies move into the future," Mr. Pike said.
About Pike Electric
Pike Electric is one of the largest providers of outsourced electric distribution and transmission services in the United States. Its core activities consist of the maintenance, upgrade and extension of electric distribution and sub-500 kilovolt transmission powerlines for more than 150 electric utilities, cooperatives and municipalities. Pike Electric services a contiguous 19 state region that stretches from Pennsylvania in the north to Florida in the southeast and Texas in the southwest and is a recognized leader in storm restoration services. The Company's common stock is traded on the New York Stock Exchange under the symbol PEC. For further information regarding Pike Electric, visit the Company's website at http://www.pike.com/.
Safe Harbor
This press release contains forward-looking statements that relate to Pike Electric's plans, objectives and estimates. The terms "should", "believe", "plan", "expect", "anticipate", "estimate", "intend" and "project" and similar words or expressions are intended to identify forward-looking statements. To the extent permitted by applicable law, Pike Electric makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement.
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