Title
Resolution - Approval of Construction Contract - Cement Plant Substation - 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 2025 Capital Improvement Plan, approved by the Board in November 2024 (2024-331, Pedernales Electric Cooperative, Inc. (PEC or Cooperative) included a project to construct a new substation in the Buda area to serve additional load. PEC must construct the new substation to serve the additional load and ensure the safe and reliable operation of PEC’s transmission system.
The Cooperative has obtained bids from vendors for the Cement Plant Substation and is requesting to execute a contract with Lambda Construction I, LTD.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Cooperative is authorized to execute a construction contract to build a new substation in Hays County consistent with the discussion in Executive Session and the confidential term sheet; and
BE IT FURTHER RESOLVED that the Chief Operating Officer - Transmission, or designee, is authorized to take all such actions as needed to implement this resolution.