This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Granite Subsidiary Awarded Contract To Construct Approximately 200 Miles Of 345kV Transmission Line In Texas

Granite Construction Incorporated (NYSE:GVA) announced today that Kenny Construction Company, a wholly-owned subsidiary, was selected to provide project management services for the construction of approximately 200 miles of 345-kilovolt (kV) transmission line in the state of Texas. The project was awarded by Electric Transmission Texas LLC (“ETT”), a joint venture between subsidiaries of American Electric Power and Berkshire Hathaway Energy Company, and is part of the ETT Rio Grande Valley Transmission Improvement Plan.

Kenny will oversee all aspects of line construction and employ much of its full suite of project management services, including right of way clearing and access, material management, transmission line contractor as well as testing and commissioning. This vital addition to the nation’s electrical infrastructure includes 28-mile section, a 126-mile section and a 48-mile section. Construction of the line is expected to further improve transmission reliability in the Laredo and Rio Grande Valley areas.

Work on the project by Kenny commenced in June 2014, and is expected to be completed in mid-2016. The contract will be included in Granite’s second quarter 2014 backlog. The contract value was not disclosed.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is one of the nation’s largest infrastructure contractors and construction materials producers. Recognized as one of the top 25 largest construction companies in the U.S., Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in Safety, Quality and Environmental Stewardship, and has been honored as one of the World’s Most Ethical Companies by Ethisphere Institute for five years in a row. For more information, visit

About Electric Transmission Texas

ETT is a joint venture between subsidiaries of American Electric Power and Berkshire Hathaway Energy Company, formerly MidAmerican Energy Holdings Company. ETT acquires, constructs, owns and operates transmission facilities within the Electric Reliability Council of Texas, primarily in and around the AEP Texas Central Company and AEP Texas North Company service territories.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs