The project is expected to be extended through 2027, supporting multi-year visibility and growth opportunities

HOUSTON, December 22, 2022 /PRNewswire/ — Quanta Services, Inc. PWR announced today that it has been selected by Xcel Energy as the principal designer to oversee all construction activities for the Colorado’s Power off High Voltage Transmission Project in Colorado. Quanta’s scope of work for the project includes the construction of approximately 610 miles of 345 kV transmission infrastructure consisting of up to six segments and spanning more than a dozen counties, primarily in the east Colorado, and includes the installation of four new substations and the expansion of four existing substations. The project aims to increase the reliability of the state power grid and enable the future development of renewable energy Coloradoincluding approximately 5,500 megawatts of new wind, solar and other resources that Xcel Energy plans to add through 2030.

Duke AustinPresident and Chief Executive Officer of Quanta Services, commented, “Quanta has a longstanding relationship with Xcel Energy and this project builds on our partnership. The project represents an innovative model and collaborative approach with Xcel Energy, which we believe will be a game-changer for Quanta to continue offering collaborative infrastructure solutions to our customers. As such, we believe our design and constructability plan will increase safety during construction and enable us to provide schedule, quality and cost certainty for this important project.”

“We are excited to continue moving forward with Quanta Services Colorado’s Power Pathway project, a monumental investment to build the reliability of our transmission system and provide access to significant renewable energy resources Colorado,” said Robert Kenny, President of Xcel Energy-Colorado. “We look forward to working with Quanta as we advance this critical project.”

Certain segments of the project are expected…