Title
Resolution - Approval of Construction Contract - Bee Creek T1 and T2 Upgrade - J Greene
Other Info
Submitted By: Jonathan Greene
Department: Engineering
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session and 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. (PEC or Cooperative) included a project to upgrade T1 and T2 transformers at Bee Creek Substation. This project provides PEC the ability to serve additional load growth in the area and increases PEC’s capacity to address contingencies which improves the reliability of PEC’s system.
The Cooperative has obtained bids from contractors to complete the work required or the Bee Creek T1 and T2 Upgrade and will execute a construction contract with the winning bidder.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Cooperative is authorized to execute a construction contract to complete the Bee Creek T1 and T2 Upgrade consistent with the discussion in Executive Session and the confidential term sheet; and
BE IT FURTHER RESOLVED that the Chief Operations Officer - Transmission, or designee, is authorized to take all such actions as needed to implement this resolution.