Under the terms of the agreement, Quanta Services has the exclusive right to negotiate the construction of the entire 460 miles of new 345-kV transmission line projects in west Texas.
Quanta also said that it has secured two individual project authorizations under the master agreement for the construction of about 155 miles of ETT’s CREZ projects.
The company said that all of ETT’s CREZ projects are slated to be complete by the end of 2013.
ETT, a joint venture between subsidiaries of American Electric Power and MidAmerican Energy Holdings Company.
Quanta Services president and chief executive officer Jim O’Neil said, "As the largest specialty contractor with the most employees on the Texas CREZ system, Quanta has the ability to position resources to meet our customers’ needs in a period when industry resources are near capacity."
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