AUSTIN – The LCRA Board of Directors on Wednesday approved a business plan of more than $1 billion for fiscal year 2020 and also approved $435 million for capital spending in the fiscal year for energy, water and public service projects to support growth in Texas.
The Lower Colorado River Authority is the primary wholesale provider of electricity in Central Texas and manages the lower Colorado River and six Highland Lakes. LCRA Transmission Services Corporation is one of the largest electric transmission service providers in Texas.
“Texas is growing, and we’re helping to meet the increasing need for power and water in our state,” said LCRA General Manager Phil Wilson. “We’re taking action to provide vital services – building transmission infrastructure, providing wholesale power and increasing water supplies – to enhance the lives of all the Texans we serve.”
