AUSTIN — The Public Utility Commission assigned about $5 billion of transmission projects to be constructed in Texas’ Competitive Renewable Energy Zones during Thursday’s open meeting, with about $1.3 billion going to Dallas-based Oncor.
“Oncor is pleased by the PUC’s movement from discussion to action, stimulating economic development through investment and the creation of hundreds of new jobs,” said Don Clevenger, Oncor vice president of external affairs. “This is also good news for Texas’ environment, as Texas constructs new infrastructure to deliver electricity generated from clean, renewable wind power.”
“Oncor is now focused on building the section we were awarded on-time and on budget,” said Charles Jenkins, Oncor senior vice president of transmission and system operations. “Oncor is already working with vendors to ensure the availability of equipment and contractors to expedite the CREZ projects.”
In the coming weeks, the company will start closing on the purchase of land for substations and begin detailed engineering of the priority lines.
Oncor is a regulated electric distribution and transmission business that uses asset management skills to provide reliable electricity delivery to consumers.
Oncor operates the largest distribution and transmission system in Texas, providing power to 3 million electric delivery points over more than 102,000 miles of distribution and 14,000 miles of transmission lines.
While Oncor is owned by a limited number of investors (including majority owner, Energy Future Holdings Corp.), Oncor is managed by its board of directors, which is comprised of a majority of independent directors.