News Story

On September 22, 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 $250 million for the purposes of (i) refunding certain outstanding Transmission Contract Revenue Notes (as defined below), (ii) funding a debt service reserve fund for such any such bonds and/or (iii) paying costs of issuance for any such bonds.