The financial and timeline risks and concerns discussed in this docket include:
Timeline Risks and Concerns:
- The desired in-service date for the project is May 1, 2028, with construction planned to begin around October 15, 2026, and an estimated construction period of approximately 27 months. This schedule is contingent upon:
- Obtaining necessary permits and scheduled outages.
- Negotiating easements with property owners and purchasing land for substations without additional litigation.
- Avoiding unpredictable delays due to labor shortages or materials/supply issues.
- Adjustments may be required based on permitting delays or design modifications to comply with additional agency requirements identified during the permitting process.
- Regulatory changes affecting the Northern Long-Eared Bat (NLEB) and the potential up-listing of the Tricolored Bat (TCB) as endangered could necessitate compliance with new timing restrictions, potentially leading to a minimum six- to twelve-month delay in the project’s targeted in-service date
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Financial Risks and Concerns:
- The total estimated conceptual cost of the project is approximately $253.7 million (in 2024 dollars), with $163.5 million allocated for transmission-related work and $90.1 million for substation-related work.
- Cost estimates may be affected if there are schedule delays, permitting challenges, or design modifications required by agencies during the permitting process
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In summary, the primary risks revolve around regulatory changes, permitting and real estate negotiations, supply chain or labor disruptions, and environmental compliance, all of which could impact both timeline and financial projections.