The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded a four-year contract by the Wisconsin Statewide Energy Efficiency and Renewable Administration to serve as program administrator for Focus on Energy, an energy efficiency and renewable energy program for eligible residents and businesses. The award builds on Shaw's expanding energy efficiency and renewable energy business.

Shaw will oversee Focus on Energy's current portfolio of energy efficiency and renewable resource programs as well as design and administer new programs. This role includes meeting established cost-effectiveness requirements, promoting programs to the public and hiring and managing contractors to implement the programs within an established budget.

"Properly designed and administered energy efficiency and renewable energy programs reduce energy usage, minimize environmental impact and can provide substantial cost savings for governments, businesses and homeowners," said George Bevan, president of Shaw's Environmental & Infrastructure Group. "As demand for these programs continues to increase and government policies reflect that demand, Shaw stands ready to design and implement energy efficiency solutions that help meet the evolving energy needs of our clients."

For more than a decade Shaw has helped government and commercial clients develop, implement and administer leading-edge energy efficiency programs. Shaw is providing energy program design and administration services for state-run programs in Illinois, Missouri and Louisiana. Through its energy management services, Shaw is conducting detailed energy audits to reduce energy usage and optimize building performance for the U.S. General Services Administration.

Since 2001 Focus on Energy has worked with eligible Wisconsin residents and businesses to install energy efficiency and renewable energy projects to help manage rising energy costs, protect the environment and control the state's growing demand for electricity and natural gas. The program provides financial incentives, education, information and other resources in an effort to encourage participation.

"Shaw's role as administrator represents a new era for Focus on Energy," said Jean Derfus, vice chair of the Wisconsin Statewide Energy Efficiency and Renewable Administration. "We are optimistic about the program's future and look forward to working with Shaw to develop and implement new ideas and projects that improve its effectiveness."

The undisclosed value of the contract will be included in Shaw's Environmental & Infrastructure segment's backlog of unfilled orders in the third quarter of fiscal year 2011.

The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2010 annual revenues of $7 billion, Shaw has approximately 27,000 employees around the world and is a power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For more information, please visit Shaw's website at www.shawgrp.com.

This press release contains forward-looking statements and information about our current and future prospects and our operations and financial results, which are based on currently available information. The forward looking statements include assumptions about our operations, such as cost controls and market conditions, that may not be realized. Actual future results and financial performance could vary significantly from those anticipated in such statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, the occurrence of certain events or otherwise.

Among the factors that could cause future events or transactions to differ from those we expect are those risks discussed under Item 1A "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended August 31, 2010, our Quarterly Reports on Form 10-Q for the quarters ended May 31, 2010, November 30, 2010, and February 28, 2011, and other reports filed with the Securities and Exchange Commission (SEC). Please read our "Risk Factors" and other cautionary statements contained in these filings.

As a result of these risks and others, actual results could vary significantly from those anticipated in this press release, and our financial condition and results of operations could be materially adversely affected.

The Shaw Group Inc.
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com