Pike Corporation provides construction and engineering services for investor-owned, municipal, and co-operative electric utilities in the United States.
Segments
The company operates through two segments, Construction and Engineering.
Construction
This segment includes installation, maintenance, and repair of power delivery systems, including storm restoration services.
Engineering
This segment includes siting, permitting, engineering, and design of power and communication delivery systems...
Pike Corporation provides construction and engineering services for investor-owned, municipal, and co-operative electric utilities in the United States.
Segments
The company operates through two segments, Construction and Engineering.
Construction
This segment includes installation, maintenance, and repair of power delivery systems, including storm restoration services.
Engineering
This segment includes siting, permitting, engineering, and design of power and communication delivery systems, including storm assessment and inspection services.
Solutions
The company’s suite of energy and communication solutions includes facilities planning and siting, permitting, engineering, design, installation, maintenance, and repair of power delivery systems, including renewables (primarily ground-based) and utility-grade solar construction projects, and storm-related services.
Planning and Siting: The company’s planning and siting process leverages technology and the collection of environmental, regulatory, economic, cultural, land use and scientific data to facilitate right-of-way negotiations, licensing and permitting for powerlines, substations and traditional and renewable electrical generation facilities. The company also provides North American Electric Reliability Corporation studies and renewable generation interconnection studies.
Engineering and Design: The company provides design; engineering, procurement and construction (EPC); owner engineer; project management; material procurement; multi-entity coordination; grid integration; balance-of-plant; training; consulting; Department of Transportation projects; and Thermal Rate solutions for individual or turnkey powerline, substation and renewable energy projects. It also provides engineering and design services for the communication industry for wireline and wireless communication infrastructure.
Transmission and Distribution Construction: The company provides overhead and underground powerline construction, upgrade, inspection, and extension services (primarily single-pole and H-frame wood, concrete or steel poles) for distribution networks and transmission lines with voltages up to 345 kV, and energized maintenance work for voltages up to 500 kV. Overhead services consist of construction, repair and maintenance of wire and components in energized overhead electric distribution and transmission systems. Underground services range from simple residential installations, directional boring, concrete encased duct and manhole installation, to the construction of complete underground distribution facilities.
Substation Construction: The company provides substation construction and service for voltages up to 500 kV. Substation services include construction of new substations, existing substation upgrades, relay testing, transformer maintenance and hauling, foundations, commissioning, emergency outage response and Smart Grid component installation. The company also specializes in relay metering and control solutions.
Utility-Grade Solar Construction: The company provides direct-hire construction services of utility-scale photovoltaic solar generation facilities, including various scopes necessary to deliver power to the grid. It also provides full EPC installations of high voltage (230kV) underground gathering systems in conjunction with concentrated solar power facilities – ‘power towers’ and full EPC installations for transmission lines and substations up to 500kV required for the interconnection of solar or wind generators to existing utility and transmission resources.
Storm Assessment, Inspection, and Restoration Services: Storm assessment, inspection, and restoration services involve the assessment and repair or reconstruction of any part of a distribution or sub-500 kV transmission network, including substations, powerlines, utility poles or other components, damaged during snow, ice or wind storms, flash floods, hurricanes, tornadoes or other natural disasters.
Customers
The company’s customer base includes approximately 300 customers, such as American Electric Power, Dominion Resources, Duke Energy Corporation, Duquesne Light, Florida Power & Light, PacifiCorp, South Carolina Electric & Gas Company, and The Southern Company.
Equipment
As of June 30, 2014, the company’s customized and extensive fleet consisted of approximately 5,800 pieces of motorized equipment with an average age of approximately 7 years as compared to their range of useful lives, which is 3 to 19 years. Its equipment includes standardized trucks and trailers, support vehicles, and specialty construction equipment, such as backhoes, excavators, generators, boring machines, cranes, wire pullers, and tensioners.
Growth Strategy
The company’s growth strategy is to expand its broad platform of service offerings across existing and new customers both in the United States and internationally. The major elements of the strategy include leveraging existing customer relationships to cross-sell its services; capitalizing upon the substantial expected spend in its markets; and possessing a strong platform to participate in the continued consolidation of the energy solutions market in the United States.
Proprietary Rights
The company operates under various trade names, including Pike, Pike Electric, UC Synergetic, Pike Tanzania, Pine Valley, and Klondyke. It has obtained the U.S. federal trademark registration for ‘Pike’ and ‘Pike Electric’, and has other federal trademark registrations and pending trademark and patent applications.
Government Regulation
The company’s operations are subject to various federal, state and local laws and regulations, including licensing requirements, building and electrical codes, permitting and inspection requirements applicable to construction projects, regulations relating to worker safety and health, including those in respect of Occupational Safety and Health Administration, and regulations relating to environmental protection.
History
The company was founded by Floyd S. Pike in 1945. It was incorporated in North Carolina in 1968. The company was reincorporated in Delaware in 2005. In 2013, the company changed its state of incorporation from Delaware to North Carolina. The company was formerly known as Pike Electric Corporation and changed its name to Pike Corporation in 2013.
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