Electrical for Subdivision

[Jay Nielsen]

When working with the local electric utility, how is the electric paid for when putting in a new subdivision?  Is this usually a lump sum payment?

[Account Closed]

Not sure there is a standard.  Here in North Texas, developer can expect to pay a lump sum to have electricity installed.  If you are big enough, you may be able to negotiate a better deal.  Other franchise utilities are usually a little easier to work with.  (example:  you might frint the cost for gas, but then enter into an agreement with the gas company to earn money back as new houses come on line and use gas).