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Learn about Transmission Services Corporation, including Featured News, Key Projects, and Executive Team.
This is the investor website for the Lower Colorado River Authority (LCRA). For bondholder convenience, we have created separate sites for two different debt programs: the Lower Colorado River Authority debt program and the LCRA Transmission Services Corporation debt program. Please use the drop-down menu for details for each debt program.
LCRA TSC is a nonprofit corporation created by LCRA to act on LCRA's behalf pursuant to Chapter 152, Texas Water Code, as amended, to conduct LCRA's electric transmission business. On Jan. 1, 2002, LCRA transferred ownership of its transmission facilities to LCRA TSC to satisfy the state’s requirements.LCRA TSC owns and operates all of the electric transmission and transformation assets previously owned by LCRA as well as transmission and transformation assets constructed and financed by LCRA TSC or acquired by LCRA TSC with other available funds. LCRA personnel, including primarily those that operate LCRA's transmission department, are responsible for performing all of LCRA TSC's activities pursuant to a services agreement between LCRA TSC and LCRA. Since its creation, LCRA TSC has invested more than $2.4 billion in transmission projects to meet the growing demand for electricity, improve reliability, connect new generating capacity, address congestion problems that affect the competitive market and help move renewable energy to the market. LCRA TSC plans to invest about $1.2 billion over the next five years to build new transmission facilities and improve existing ones.
On January 20, 2021, the Board of Directors of the LCRA Transmission Services Corporation (the “Corporation”) and the Board of Directors of the Lower Colorado River Authority (“LCRA”) adopted resolutions delegating the authority to an authorized representative of LCRA to approve the issuance of one or more series of bonds as Transmission Contract Debt (as defined below) in a maximum aggregate principal amount not to exceed $600 million for the purposes of (i) refunding certain outstanding Transmission Contract Debt, (ii) funding a debt service reserve fund for such any such bonds and/or (iii) paying costs of issuance for any such bonds.
LCRA currently contemplates utilizing such authority to price one series of fixed rate bonds (the “Proposed Bonds”) up to the maximum authorized principal amount of $600 million in February 2021* through a negotiated sale to a syndicate of underwriters led by BofA Securities, Inc. as senior manager.
S&P Global Ratings said today that the Lower Colorado River Authority, Texas (LCRA) and affiliate Transmission Services Corp.'s (TSCorp.) (A/Stable) robust liquidity, strong margins, and flexible capital plan position the authority well for
evolving events related to the COVID-19 pandemic.
See Attached Bond Buyer Article dated 9/30/2019
The Cooks Point Transmission Project was completed in June 2021 to bring transmission infrastructure and long-term electric reliability to a growing area of Burleson County in Texas. The project included construction of a new 138-kilovolt (kV) load-serving substation near Cooks Point and a new 138-kV transmission line connecting to the existing Lyle Wolz Substation. In order to provide this essential service, LCRA Transmission Services Corporation filed an application to amend its existing Certificate of Convenience and Necessity with the Public Utility Commission of Texas. The PUC approved the application in June 2019.
The Mountain Home Transmission Project is designed to bring transmission infrastructure to growing areas in Gillespie, Kimble and Kerr counties in Texas. The proposed project includes construction of a new 138-kilovolt (kV) load-serving Mountain Home Substation and a new 138-kV transmission line connecting the Mountain Home Substation to existing substations located in Harper and either Ingram or Hunt. In order to construct and operate these facilities, LCRA Transmission Services Corporation filed an application to amend its existing Certificate of Convenience and Necessity with the Public Utility Commission of Texas.
View more information here.