Sorry I couldn't respond earlier as I had exhausted my daily post limit. Anyway last year they made the CREZ announcement at the end of February. I am guessing there should be news in the next few weeks. There are obviously people who know they are working on a contract and most likely to be awarded one. The question is how big and when. Public knowledge is not all the knowledge there is. As a company they won't announce anything until its done, but there are many people who work on these contracts and they know. The employees in the company wold have a conflict but those who don't work for them don't.
Monday, 27 Feb 2012 09:15am EST
Goldfield Corporation announced that it has been selected as prime contractor by South Texas Electric Cooperative, Inc. (STEC) to build the new Bakersfield to Big Hill 345kV Transmission Line in the Texas counties of Crockett, Pecos, and Schleicher. The project is a Competitive Renewable Energy Zone (CREZ) Project. The Bakersfield to Big Hill line will be approximately 110 miles long and will connect the Bakersfield Substation, just south of McCamey, Texas to the new Big Hill Substation, just north of Eldorado, Texas. Goldfield's electrical construction subsidiary, Southeast Power Corporation, plans to commence work on this project next month. The project is required to be completed by July 31, 2013. Goldfield estimates that the revenue to be recognized over the life of the project will be approximately $52 million.
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