• Press Releases
• What's New

What's New

Pike Expands Reach to Southwest; Purchases Phoenix-based Klondyke Construction, LLC

MT. AIRY, N.C., June 30, 2010 - Pike Electric Corporation (NYSE: PIKE), one of the nation’s leading energy solutions providers, has purchased Klondyke Construction LLC based in Phoenix, AZ.Klondyke provides construction and maintenance services primarily associated with electric substation, transmission and distribution infrastructure. Klondyke also constructs renewable energy generation facilities. Klondyke generated revenue of approximately $28 million during the last twelve months. Following the close of the acquisition, Howard Varner, President, and Steve McClain, Vice President and Chief Financial Officer, will continue in their current roles at Klondyke.

“The talented individuals that work for Klondyke coupled with their geographic location and union relationships make this a very compelling move for us. This acquisition is consistent with our growth strategy and significantly expands our presence in the southwest,” said J. Eric Pike, Chairman and CEO of Pike.

“Pike’s siting, planning, and engineering capabilities now provide Klondyke the platform to pursue multiple large scale EPC projects simultaneously. This combination positions Klondyke to offer an even broader level of service to our customers,” explained Howard Varner, president of Klondyke.

Klondyke’s range of construction services related to substation, transmission and distribution infrastructure complements our west coast engineering capabilities and enables the continued expansion of EPC services. “This combination allows Pike and Klondyke the ability to meet the increased need for substation and transmission infrastructure in the southwest region as more solar and wind capacity is developed and brought on line,” continued Mr. Pike.

June is National Safety Month

MOUNT AIRY, N.C., June 03, 2010 -- To promote the safety and health of our employees at work, at home and in the community, Pike is proud to participate in National Safety Month throughout the month of June. Each year the National Safety Council designates June as National Safety Month and encourages businesses to participate. Every week in the month carries a theme that brings attention to critical safety issues. Pike is participating by utilizing materials from the National Safety Council and with our own program focused on safety issues specific to our Company. More details on National Safety Month can be found be visiting the National Safety Council website at http://www.nsc.org/nsc_events/Nat_Safe_Month/Pages/home.aspx

Pike Electric Welcomes General Peter Pace, Former Chairman of the Joint Chiefs of Staff, to Its Board of Directors

MOUNT AIRY, N.C., Feb 04, 2010 /PRNewswire via COMTEX/ -- Pike Electric Corporation (NYSE: PIKE), one of the nation's largest providers of energy solutions, today announced that retired Marine General Peter Pace has joined Pike Electric's Board of Directors, effective February 4, 2010. "General Pace is an outstanding addition to our Board," said J. Eric Pike, Chairman and Chief Executive Officer of Pike Electric. "A highly respected leader, he brings tremendous knowledge and experience regarding cyber security, strategic planning and large scale mobilizations. We look forward to his guidance and insight." As the sixteenth Chairman of the Joint Chiefs of Staff, General Pace served as the principal military advisor to the President, the Secretary of Defense, the National Security Council, and the Homeland Security Council. He is the first Marine to hold this position. He is a graduate of the United States Naval Academy, holds a Master's Degree in Business Administration from George Washington University, and attended Harvard University for the Senior Executives in National and International Security program. General Pace held command at virtually every level in the Marine Corps beginning as a rifle platoon leader in Vietnam.

Pike’s Engineering and Substation Team Earns Safety Award

MOUNT AIRY, N.C., Dec. 21 /PRNewswire-FirstCall/ -- Pike Electric Corporation (NYSE: PIKE), a leading national energy solutions provider, was awarded the “Silver Safety Award” by Liberty Mutual Group on December 17th. Jimmy R. Hicks, the Senior Vice President of Engineering and Substation Construction, received the award on behalf of the Engineering and Substation team and stated, “All the credit goes to the employees.”

The requirements for Liberty’s Safety Award are based on the DART rates as published by the Bureau of Labor Statistics. Companies who apply for the award must have completed greater than 200,000 work hours with a DART rate that is 60% better than their industry average. Between January 1, 2007 and December 31, 2008, Pike’s Engineering and Substation Team completed 1,091,266 work hours with a OSHA DART rate that was 68% better than the industry.

Ken Flechler, Pike’s Vice President of Environmental, Health and Safety, said, “This excellent achievement says a lot about the premium we put on safety and our commitment on maintaining safety on our jobsites. We continue to spread our message about safety in an increasingly engaging manner and look forward to even greater reduction in our work place injuries.”

About Liberty Mutual Group -- Boston-based Liberty Mutual Group is a diversified global insurer and fifth largest property and casualty insurer in the U.S. based on 2008 direct written premium. The Company also ranks 86th on the Fortune 500 list of largest corporations in the U.S. based on 2008 revenue. As of December 31, 2008, Liberty Mutual Group had $104.3 billion in consolidated assets, $94.2 billion in consolidated liabilities, and $28.9 billion in annual consolidated revenue.

Pike purchases Charlotte-based Facilities Planning and Siting (PLLC)

Expands Energy Solutions Portfolio

Pike Electric has purchased Facilities Planning & Siting, PLLC (FPS) based in Charlotte, North Carolina.

FPS combines the collective talents of civil engineers, GIS analysts, landscape architects, and environmental experts to develop site plans for utilities, cooperatives and municipalities with cutting-edge technology and a comprehensive siting procedure that fully integrates environmental, engineering, real estate, economic, regulatory and community considerations. FPS also provides measurements and predictions for the visual effects of future electrical transmission and substation projects, electrical distribution line projects, gas transmission projects and electrical generation projects, through proprietary software tools that determine views, build perspective models from selected viewpoints, create photo-realistic simulations and utilize a comprehensive rating model.

"The outstanding people and renowned reputation of FPS further enhances the services Pike offers customers through our portfolio of Energy Solutions. This acquisition allows us to provide services and value at the conceptual stages of our customer’s projects," said J. Eric Pike, Chairman and CEO at Pike.

Following the closing of the acquisition, Dwight Hollifield, the current president of FPS, will lead the facilities planning and siting services provided by Pike’s engineering group, and will be assisted in his efforts by all of the former employees of FPS.

Swine Flu Update

Pike's Customer and employee safety a top priority

Pike is working to minimize the effects of a pandemic* on Pike employees, as well as our customers, suppliers and the public.

Yesterday, the World Health Organization (WHO) elevated the Pandemic Level to Phase 5 but the US Federal Government Response Stage did not elevate and remains at Stage 2. Today the Secretaries of the Department of Homeland Security and Health and Human Services as well as the Acting Director of the Center for Disease Control held a webcast regarding the Swine Flu. Throughout the call they actively promoted the following good health habits to stop the spread of the virus

1. Avoid close contact. Avoid close contact with people who are sick. When you are sick, keep your distance from others to protect them from getting sick too.
2. Stay home when you are sick. If possible, stay home from work, school, and errands when you are sick. You will help prevent others from catching your illness.
3. Cover your mouth and nose. Cover your mouth and nose with a tissue when coughing or sneezing. It may prevent those around you from getting sick.
4. Clean your hands. Washing your hands often will help protect you from germs.
5. Avoid touching your eyes, nose or mouth. Germs are often spread when a person touches something that is contaminated with germs and then touches his or her eyes, nose, or mouth.
6. Practice other good health habits.

Get plenty of sleep, be physically active, manage your stress, drink plenty of fluids, and eat nutritious food.

Pike has activated our pandemic preparedness team and monitoring the recommendations of government organizations. We have plans in place to deal with a pandemic situation and to continue to protect our employees and serve our customers. For additional information, please refer to the World Health Organization, the Center for Disease Control (www.cdc.gov), and the US Government’s Official Pandemic Flu website (www.pandemicflu.gov).

Swine Flu Alert

Pike's Customer and employee safety a top priority

Yesterday, the World Health Organization (WHO) issued the following press release regarding the recent outbreak of swine influenza:

Pike is working directly with governmental and health officials to stay informed and to ensure that we are properly prepared in the event of any impact realized by the Swine Flu. The safety of our employees and our customers is our first priority. As such, we are continually monitoring and preparing for the potential impact of the swine flu and are taking steps to ensure the safety of our employees and continuity of our operations for our customers.

For additional information, please refer to the World Health Organization, the Center for Disease Control (www.cdc.gov), and the US Government’s Official Pandemic Flu website (www.pandemicflu.gov).

Ken Flechler to lead Pike’s Safety Organization

Safety expert joins as Vice President, Environmental, Health & Safety

Pike Electric is pleased to announce that Ken Flechler has joined the company as VP of Environmental, Health and Safety.

“We are excited to have Ken on the team,” said Eric Pike, Chairman and CEO at Pike. “His proven leadership in driving the development of effective safety programs and processes speaks to the core of our number one priority – the safety of our employees, customers and the public.” Flechler comes to Pike with more than 15 years progressive leadership experience in environmental, health and safety – most recently from COMCAST, where he served as Vice President, Safety & Compliance. From analysis of risks and liabilities to training and implementation, Flechler’s leadership resulted in a dramatic reduction of workplace injuries and vehicle accident rates.

“Ken’s hands-on experience in accident prevention and operational compliance is impressive, and his background in corporate environments with mergers, acquisitions, restructuring and organic growth is a good fit for our business strategy,” said Pike.

Flechler is currently on the National Safety Counsel’s Board of Directors. He has also served on committees with the U.S. Chamber of Commerce and the Department of Homeland Security’s Critical Infrastructure Protection Program.

In this newly expanded leadership role, Flechler will lead increased focus and development of safety programs for a safe and accident free work environment, including internal audits, safety investigations, and training, with a continuing emphasis on improving Pike’s safety culture.

CNBC - Eric Pike Rings the Bell for PBR at the New York Stock Exchange

CNBC interviews Eric Pike, CEO of Pike, following the ringing of the bell at the New York Stock Exchange for the Professionial Bull Riders Association (PBR). Pike is proud to be a sponsor of the 2009 PBR season.

Pike’s Energy Solutions touted in all new, redesigned Pike.com!

Pike has a brand new corporate website to go with its new Energy Solutions business.

There’s a lot to talk about, now that our footprint stretches coast-to-coast, and the value we offer our clients and their customers is front-to-back, turn-key power solutions.

We want to make sure that people can understand what we’re doing – and find out more about it.

We’re really proud to be at the backbone of the energy industry – especially now, as more and more emphasis is on energy alternatives – and new ways to get power to people, while protecting the environment and saving money.

It feels good to be a part of that, as more focus turns to our country’s infrastructure, where we play such an important role.

You can read all about our Energy Solutions online. Right here. On our new corporate website. With easier to use features and updated information.

Plus, the pictures are cool.

Click on in. Welcome to Pike.