Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
LCRA board adopts FY2026 business and capital plans, authorizes up to $550 million in debt
Summary
The Lower Colorado River Authority board approved the FY2026 business and capital plans, heard an update on the Timmerman power plant energizing and large multi-year investment forecasts, and authorized the issuance of up to $550 million in refunding revenue bonds.
The board of directors of the Lower Colorado River Authority approved the authority's fiscal year 2026 business and capital plans and authorized up to $550 million in refunding revenue bonds at its May 21 meeting.
The action also followed a briefing by Phil Wilson, who described summer preparations across LCRA’s power, transmission and water operations and announced that the Timmerman (Timmerman) power plant in Caldwell County had been energized for initial system testing. “Energizing the plant is very important and exciting,” Phil Wilson said during his remarks. He said the next steps are engine startups and then commercial operation once the Electric Reliability Council of Texas accepts the plant into market participation.
The nut graf: The board vote implements the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
