Title
Resolution - Authorization for Approval to Increase Transmission Operations Connectivity Services Agreement - A Robertson/J Greene
Other Info
Submitted By: Alex Robertson
Department: Information Technology
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session and in the confidential term sheet.
Discussion
Pedernales Electric Cooperative, Inc. (PEC or the Cooperative) approved a seven-year term agreement for fiber and cellular connectivity services in May 2022 (2022-181) for transmission substations, transmission datacenters, and corporate datacenters with the Lower Colorado River Authority (LCRA).
PEC recommends the allocation of additional funds and an amendment to the contract with LCRA for additional services as discussed in Executive Session and in the confidential term sheet.
Body
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the associated increase costs for additional connectivity services is reasonable and necessary and PEC is authorized to execute an amendment to its agreement with LCRA for fiber and cellular connectivity services as discussed in Executive Session and in the confidential term sheet; and
BE IT FURTHER RESOLVED that the Chief Administrative Officer, or designee, is authorized to take all such actions as needed to implement this resolution.