Edward Dean Named President of Babcock Power Services

December 1, 2009

Danvers, MA – Babcock Power Services Inc. (BPS), located in Worcester, MA, a subsidiary of Babcock Power Inc., based in Danvers, MA, announced today that Edward Dean has been promoted to President and CEO of Babcock Power Services, succeeding Theodore Maliszewski, who recently announced his intent to retire in the foreseeable future and has accepted the position of Executive Director, Babcock Power Services, to assist Ed in the transition.

Mr. Dean brings to the position over 30 years of operations and management experience in the power industry. Since January 2008 he has served as Vice President of the Western Region for Babcock Power Sales. Ed previously served as the Executive Vice President, Power Services for the Foster Wheeler Power Group, and also led the Central Region Power Services business unit as Regional Vice President. Ed has also worked for Tampella Power Corp., ABB Canada and with Combustion Engineering/ABB. Michael D. LeClair, President and Chief Executive Officer of Babcock Power, stated, “I am very pleased that Ed has accepted the role as President of Babcock Power Services. Ed’s experience, entrepreneurial spirit and determination will be instrumental as he drives growth and continued profitability in the domestic market and continues the expansion of our portfolio of products and services globally.”

Speaking of Maliszewski, LeClair said “With sincere gratitude I would like to thank Ted on behalf of all of the employees of Babcock Power Inc, for his efforts in growing the Service business over the last five years. His leadership, customer contacts, and ability to draw key resources have driven the Service business to be a major supplier in the US power market. I have known and worked with Ted for over 23 years and I can say without a doubt it is through Ted’s determination, perseverance, and unyielding spirit, that Babcock Power is recognized as a leading supplier of Services to the Power Industry today.”

Babcock Power Inc., www.babcockpower.com, through its subsidiaries, is one of the world’s leading suppliers of technology, equipment, and services to the power generation industry. Babcock Power subsidiary companies include; Vogt Power International Inc. (Louisville, KY), Thermal Engineering International (USA) Inc. (Santa Fe Springs, CA), Babcock Power Environmental Inc., Riley Power Inc. and Babcock Power Services Inc. (Worcester, MA), Boiler Tube Company of America (Lyman, SC), and TEi Construction Services, Inc. (Duncan, SC).