Quanta Services Inc. has expanded its master agreement regarding the competitive renewable energy zone (CREZ) projects assigned to Electric Transmission Texas LLC (ETT) by the Public Utility Commission of Texas (PUCT).
Under the expanded master agreement, Quanta initially has the exclusive right to negotiate the construction of the entire 460 miles of new 345 kV transmission line projects in West Texas. Quanta previously had initial bidding rights to approximately 250 miles of the projects.
Quanta has also announced that it has been awarded two individual project authorizations under the master agreement for the construction of approximately 155 miles of ETT's CREZ projects.
ETT, a joint venture between subsidiaries of American Electric Power and MidAmerican Energy Holdings Co., plans to build nearly $1.4 billion in CREZ projects by 2013. These projects represent the second-largest share of CREZ projects throughout the state that were awarded by the PUCT.
