An electric utility realized $20 million saved on a single project
TARGETED CAPITAL OPTIMIZATION
This project had an approved budget exceeding 150 million dollars. The scope included construction of a substation with dual power transformers and about 6 miles of transmission line extensions to serve growing load requirements.
Key challenges
There were some key optimization challenges to cost optimization which included: right-of-way costs and constraints, reliability standard compliance, regulatory cost recovery coordination, and contractor resource scheduling during peak construction seasons.
Optimization opportunities
The TCO analysis targeted multiple efficiency opportunities across construction sequencing, equipment specifications, and contractor coordination – areas vulnerable to over-specification due to planning uncertainties and regulatory risk management. Examples include:
Modified circuit arrangements that reduced right-of-way costs
Geographical coordination of personnel with other ongoing projects
Right sizing engineering specifications to align with the business case
Our results
Cost Savings
$20.7 Million
PE Reduction
13.5%
Optimization Opportunities
33 Ideas
Proven Methodology • Real Results
