(May 19, 2016) This morning, the Public Utility Commission (PUC) voted to instruct staff to prepare an order for placing the majority of a proposed electrical transmission line underground on Main Street from Legacy Drive to F.M. 423. The approval Order is scheduled for final consideration June 9.
A smaller section of the transmission line will be above ground near F.M. 423. Today’s Amended Settlement Stipulation relocates the smaller, overhead section to the east from the west side of F.M. 423. This relocation of the overhead section saves approximately $2 million dollars benefiting rate payers.
The original, estimated cost to bury the lines was $24.4 million dollars. The $2 million dollar (relocation) savings reduced the estimate to $22.4 million. Under the Amended Settlement Stipulation, the City of Frisco’s contribution will be approximately $12.4 million. The PUC has agreed to pay the $10 million balance.
The City of Frisco also agreed to donate easement, valued at approximately $6 million dollars, to Brazos for purposes of burying the lines.
“We’re elated with the commissioners’ (Public Utility Commission) action staff to move forward with burying the lines,” said Mayor Maher Maso. “We’d like to thank all the parties, including the Public Utility Commission staff, Brazos Electric, CoServ, and other intervenors, who worked tirelessly to reach consensus on the Amended Settlement Stipulation. Today’s action allows Frisco to move forward with our plans to widen Main Street to six lanes while installing a new water main and water reuse line. These improvements are needed given our city’s fast growth.”
City staff estimates the project will take approximately 12 – 15 months to design before construction can begin. Staff estimates it will take approximately 39 months – or a little more than three years – to complete the projects.