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Lubbock approves notice of intent for up to $200 million in transmission bonds to address ERCOT congestion
Summary
Council authorized publication of a notice of intent to issue up to $200 million in electric system revenue bonds to fund a west‑side transmission loop aimed at addressing ERCOT‑identified congestion; officials said much of the cost will be shared and passed through in transmission rates, not local taxes.
Lubbock City Council on March 24 authorized staff to publish a notice of intent to issue up to $200 million in electric light and power system revenue bonds to fund a west‑side transmission loop aimed at easing power congestion identified by ERCOT.
Harvey, the utility’s chief financial officer, told the council regional planners and ERCOT have determined a west‑side loop is needed to maintain operational compliance and system reliability. He said the project…
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