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BUSINESS NEWS USAID AWARDS TETRA TECH $46 MILLION CONTRACT FOR IMPROVED URBAN MUNICIPAL GOVERNANCE IN GUATEMALA Tetra Tech, Inc. announced that the U.S. Agency for International Development has awarded the company a $46 million contract to improve governance and the delivery of key municipal services, including improvements in small- scale infrastructure for urban municipalities in Guatemala where citizens feel unsafe. Under the Urban Municipal Governance contract, Tetra Tech will help USAID improve the capacity of municipal governments in Guatemala to respond to the needs of citizens. Working with the government of Guatemala and local civic groups, Tetra Tech will support the strengthening of public financial systems and the development of service delivery plans for local governments to promote improved governance practices in the region. Tetra Tech will also provide technical assistance and much needed resources to establish services and upgrade existing infrastructure, such as parks, community centers, water systems, and sanitation facilities. “Tetra Tech is pleased to continue to support USAID’s work in Central America, including

working to address the many challenges facing urban centers in developing countries today,” said Dan Batrack, Tetra Tech’s chairman and CEO. Tetra Tech is a leading, global provider of consulting and engineering services. The company is differentiated by Leading with Science to provide innovative technical solutions to its clients. Tetra Tech supports global commercial and government clients focused on water, environment, infrastructure, resource management, energy, and international development. With 16,000 associates worldwide, Tetra Tech provides clear solutions to complex problems. ARCONIC NETS $243 MILLION FROM SALE OF YADKIN HYDROELECTRIC Arconic Inc. announced its receipt of a portion of the proceeds from the sale of the Yadkin Hydroelectric Project to Cube Hydro Carolinas by Alcoa Power Generating Inc., a subsidiary of Alcoa Corporation. Yadkin encompasses four hydroelectric power developments (reservoirs, dams, and powerhouses), known as High Rock, Tuckertown, Narrows and Falls, situated along a 38-mile stretch of the Yadkin River through central North Carolina.

The sale agreement was originally announced in July 2016 as part of the company’s strategy to continue to strengthen its balance sheet and maximize cash flow through sales of non- essential assets. Upon the separation of Alcoa Corporation from Arconic Inc. on November 1, 2016, Alcoa Power Generating Inc., including Yadkin, became part of Alcoa Corporation. Under an agreement reached as part of the separation, Alcoa Corporation was to remit to Arconic the net after-tax proceeds from the sale of Yadkin. Arconic has received cash of $238 million in the first quarter of 2017; the company expects to receive an additional $5 million in the second quarter of 2017. Arconic creates breakthrough products that shape industries. Working in close partnership with its customers, The firm solves complex engineering challenges to transform the way we fly, drive, build, and power. Through the ingenuity of its people and cutting-edge advanced manufacturing techniques, Arconic delivers these products at a quality and efficiency that ensures customer success and shareholder value.

growth. Our staff is our number one company asset and it’s been their determination and industry innovation that has helped CEI grow. TZL: What’s the greatest challenge presented by growth? EP: We have to carefully consider large growth opportuni- ties when presented to us since CEI is not a “hire and fire” type of firm where individuals are hired for a project and then let go when the project ends. We carefully consider each new hire as an important company investment – hope- fully a long-term one. So we want to make sure we have the backlog to keep individuals busy long after those first ini- tial projects. TZL: What’s your prediction for 2017 and for the next five years? EP: Technology is ever changing and we see great oppor- tunities in the engineering and environmental fields using various new field, assessment, modeling, and remediation methods in the coming years. We are off to a great start in 2017 and look forward to what the next five years brings. “We offer low premium family health and dental plans, flex time, 401(k) match, professional development support, and a host of other benefits. We find that certain benefits are more important to some individuals than others which is why we offer a wide variety.”

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Firms to Work For the last six years straight has also helped! TZL: What’s the key benefit you give to your employees? Flex schedule, incentive compensation, 401(k), etc.? EP: This depends on who at CEI you ask since our staff is made up of individuals from all walks of life. We offer low premium family health and dental plans, flex time, 401(k) match, professional development support, and a host of other benefits. We find that certain benefits are more im- portant to some individuals than others which is why we of- fer a wide variety. “By keeping our services and clients diversified we’ve been able to ride out the ups and downs of the industry while creating steady growth. Our staff is our number one company asset and it’s been their determination and industry innovation that has helped CEI grow.” TZL: What’s your preferred strategy for growth, M&A or organic? Give us a synopsis of how your firm effected growth in the recent past. EP: CEI will celebrate 30 years of business this April and it’s been 100 percent organic growth. By keeping our ser- vices and clients diversified we’ve been able to ride out the ups and downs of the industry while creating steady

THE ZWEIG LETTER April 24, 2017, ISSUE 1197

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