Release Date: March 21, 2010

Awarded construction contract for biomass plant

FOR IMMEDIATE RELEASE--The Boldt Company announced today that it will provide all construction services for We Energies to build a 50 megawatt biomass cogeneration plant at the Domtar Paper Mill in Rothschild, Wisconsin. The project is valued at $255 million and is currently being considered for approval by the Public Service Commission of Wisconsin. If approved by the end of the year, We Energies would begin construction in spring of 2011.

The new state-of-the-art facility is designed to use forest residue, clean wood waste and wood shavings to generate electricity and steam. We Energies is proposing the project as a step towards complying with the state mandates that 10 percent of Wisconsin's electricity must come from renewable sources by 2015.

Boldt is a national builder in the power industry and a leader in renewable energy construction including biomass, cellulosic ethanol, biodiesel, hydroelectric, solar and wind energy facilities. Boldt has constructed and is working on more than 30 power projects including several Bio-energy plants.

The Boldt Company, headquartered in Appleton, Wisconsin, provides professional construction services to customers in a variety of business sectors with expertise in renewable energy markets nationwide. Boldt is among the top-ranked contractors in the nation and has 13 offices throughout the United States. www.boldt.com.