Electric Transmission Texas forms construction alliance for CREZ projects

Austin, Texas, June 30, 2011 Electric Transmission Texas executed master agreements with three construction firms for transmission and infrastructure services associated with the Competitive Renewable Energy Zone projects assigned to ETT by the Public Utility Commission of Texas.

The agreements with Quanta Services Inc., MYR Group Inc. and TIC Holdings Inc. ensure ETT has construction resources committed to help complete its CREZ program in west Texas.

ETT, a joint venture between units of American Electric Power and MidAmerican Energy Holdings Co., will construct nearly $1.4 billion in CREZ projects by 2013. The PUCT awarded ETT the second largest share of projects throughout the state.

These master agreements ensure that Quanta Services, MYR and TIC will have the resources available to construct a total of 450 miles of transmission lines and facilities.

Over the last several months, the PUCT has approved the required Certificates of Convenience and Necessity for ETT's CREZ projects. Acquisition of rights-of-way from property owners will be completed over the next 18 months.

The three construction firms will work under the direction of ETT and URS Corp. ETT contracted with URS in 2010 to serve as overall program manager for ETT's CREZ projects.

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