2010-05-28 / General Stories

LCRA Board Approves FY 2011 Business Plan

The LCRA Board of Directors has approved a fiscal year (FY) 2011 business plan that focuses on meeting growing needs for energy, water and community services, which help improve the quality of life for residents in LCRA’s service area. Most of this service area is in the Central Texas region.

The LCRA Board, at its April 21 meeting, approved the business plan for the fiscal year that begins July 1, 2010. The approved plan sets an $823.8 million operating budget for LCRA, its power generation subsidiary and the nonprofit LCRA Transmission Services Corporation (TSC). The LCRA TSC Board separately approved a $98.0 million operating budget, which is included in LCRA’s total budget.

The FY 2011 business plan anticipates total revenues of $1.2 billion, an amount that also includes debt-service and other embedded costs in addition to the operating budget.

“This business plan will help position LCRA to continue meeting the needs of the people we serve, particularly in planning for the region’s long-term electric generation and water-supply needs, and to continue to deliver its services in the most cost-effective manner possible,” said LCRA Board Chair Rebecca A. Klein.

Roughly 43 percent of LCRA’s total projected revenues will pay for coal, natural gas, renewable energy and purchased power to provide electricity for LCRA’s 43 wholesale electric customers. The rest will fund LCRA’s power plant, transmission, and dam operations, river and water-supply management, water and wastewater utilities, economic and community development services, and parks.

The LCRA Board also approved a $445.9 million capital budget, more than 60 percent of which will fund transmission projects to improve reliability and capacity of the electric grid serving most of Texas. The LCRA capital budget also includes water and wastewater expansion and upgrade projects; power plant improvements and repairs; projects related to river management, irrigation, and hydroelectric generation, and continued minor improvements and upkeep in LCRA’s parks facilities.

“This year LCRA is celebrating 75 years of providing energy, water and community services to the people of Texas,” said LCRA General Manager Tom Mason. “The challenges we face are no less critical than we faced in creating the Highland Lakes and dams and a public-power system that greatly enriched the quality of life for this region. I am confident that LCRA’s Board and our staff will successfully address those challenges to serve the people of Texas.”

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