Title
Resolution - Approval of Structure Contract for T360 Friendship-Rutherford Transmission Line Rebuild - J Greene
Other Info
Submitted By: Jonathan Greene
Department: Chief Operations Officer - Transmission
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session and set out in the confidential term sheet.
Discussion
As part of the 2024 Capital Improvement Plan, approved by the Board in November 2023 (2023-333), Pedernales Electric Cooperative, Inc. (Cooperative) included a project for storm hardening of the T360 Friendship-Rutherford transmission line to improve system resiliency and increase system capacity.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Cooperative is authorized to execute an agreement to procure the structures for the T360 transmission line as described in Executive Session and set out in the confidential term sheet; and
BE IT FURTHER RESOLVED, that the Chief Executive Officer or designee is authorized to take all such actions as needed to implement this resolution.