Houston, May 16, 2012 — Quanta Services, Inc. expanded of its master agreement regarding Competitive Renewable Energy Zone projects assigned to Electric Transmission Texas, LLC by the Public Utility Commission of Texas.
Under the expanded master agreement, Quanta has the exclusive right initially 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 about 250 miles of the projects.
Quanta also won two individual project authorizations under the master agreement for the construction of about 155 miles of ETT’s CREZ projects. All of ETT’s CREZ projects are planned to be complete by the end of 2013.
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.