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Hitachi America, Ltd.

Hitachi

09/20/2004


HITACHI AMERICA NAMED TO SUPPLY THE STEAM AND TURBINE GENERATORS FOR THE OAK CREEK POWER PLANT EXPANSION, ELM ROAD GENERATING STATION, UNITS 1 & 2


TARRYTOWN, N.Y., September 20, 2004 – Hitachi America, Ltd., Power and Industrial Division, today announced that the Bechtel Power Corporation awarded Hitachi America, Ltd., a $200 million contract to supply two 677MW supercritical boiler and steam- turbine generator units for the Oak Creek Power Plant expansion project, Elm Road Generating Station, Units 1 & 2 located in Oak Creek, Wisconsin. The plant’s two units are expected to produce commercial power in mid- 2009 and 2010. The Elm Road Generating Station is a part of We Energies Power the Future program to construct approximately 2,300 MW of new generation to meet the region’s growing electrical demand.

The work to be performed by Hitachi America encompasses the material supply of the boiler and steam-turbine generator units as well as its corresponding auxiliary equipment. Engineering work has already begun with close coordination being implemented through Bechtel Power Corporation’s Frederick, Md., office. Notice to proceed, providing full execution of the agreement, is scheduled for the first quarter of 2005.

Bechtel Power Corporation is one of the world’s largest and most successful engineering, procurement and construction companies, building and constructing electricity generating plants to the worldwide power market for over 50 years.

Hitachi America, Ltd., Power & Industrial Division, supplies a broad range of products and services for use in both the power generation and industrial markets. The division supplies major equipment to power generation and distribution facilities, including hydroelectric, thermal and nuclear power plants. The Power and Industrial Division supplies sophisticated equipment and components for industrial use, including steel plants, mass transit systems, chemical plants, and other manufacturing facilities. For more information, visit http://www.hitachi.us/power.

Hitachi America, Ltd., Power & Industrial Division, supplies a broad range of products and services for use in both the power generation and industrial markets. The division supplies major equipment to power generation and distribution facilities, including hydroelectric, thermal and nuclear power plants. The Power and Industrial Division supplies sophisticated equipment and components for industrial use, including steel plants, mass transit systems, chemical plants, and other manufacturing facilities. For more information, visit http://www.hitachi.us/power.

Hitachi, Ltd., (NYSE: HIT), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. Fiscal 2003 (ended March 31, 2004) consolidated sales totaled 8,632.4 billion yen ($81.4 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company’s Website at http://www.hitachi.com.

Contact:

Gerard F. Corbett
Hitachi America, Ltd.
650.244.7900
gerard.corbett@hal.hitachi.com

Tonia Constable
Hitachi America, Ltd.
914.524.6708
tonia.constable@hitachi.com