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Lower Colorado River Authority OKs $1.1 billion spending plan
Friday, May 12, 2017 by Nina Hernandez
On Wednesday, the Lower Colorado River Authority Board of Directors gave the OK to its business and capital plans for Fiscal Year 2017-18. Operations and maintenance, as well the utility’s annual debt service payment, comes from the utility’s $885 million business plan. In addition, LCRA approved $383 million in capital spending this year in energy, water and public service projects. The bulk of that money – $256 million – will go toward improving electric service in the region. Beyond 2018, LCRA hopes to spend $1.1 billion in renovations and new facilities in the next five years. “These plans and our five-year vision offer a road map that will enable us to become even better at fulfilling our mission of enhancing the lives of the Texans we serve,” said board Chair Timothy Timmerman.
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