Approval for new power line means big money, Floyd Co - KCBD NewsChannel 11 Lubbock

Approval for new power line means big money, Floyd Co

By James Clark - email

FLOYDADA, TX (KCBD) - State regulators approved a major power line project that will mean big business for Floyd County, as announced recently by the Floydada Economic Development Corporation.  The Texas Public Utility Commission approved a 345,000 volt transmission line from the far northeast corner of Dickens County to a location just outside of Silverton. 

It will be capable of carrying 1,500 megawatts.  The line will cut diagonally across Floyd County and allow for up to 1,000 new wind turbines to send electricity from West Texas to places like Dallas and Austin.

"It finally opens up the possibility for a lot of wind farms to take shape," says Justin Jaworski, Executive Director of the Floydada Economic Development Corporation.  "That's what we've been waiting for."

Jaworski says this is the first in a series of transmission lines from West Texas into ERCOT or the Electric Reliability Council of Texas.  Most Texas electric utilities are connected to ERCOT. 

"There are 3 or 4 wind companies that have projects planned," says Jaworski. He says they can now move from planning to taking action.

How much money is at stake?  Just the taxable value of new wind turbines could be well more than half a billion dollars in Floyd County, and Jaworski says that does not even include royalty payments to local landowners from wind companies.

"There will be a significant transfer of wealth from the eastern part the state to West Texas," says Jaworski.

And the new power line will bring money to Lubbock as well, he says.  As more people in Floyd County have money, they will want to go shopping Lubbock.

"Lubbock is a hub for the marketplace," says Jaworski.

Copyright 2011 KCBD NewsChannel 11.  All rights reserved.

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