Priority Power Management Secures 10-Year Electrical Infrastructure and Services Agreement with Lucid Energy WesTex, LLC

Priority Power Management, LLC has entered into an agreement with Lucid Energy WesTex, LLC to provide Lucid with energy supply management services.

Under this agreement, PPM provides strategic planning, procurement, contract negotiations, and risk management services for the competitive electricity supply to Lucid’s new 200 million cubic feet per day (MMcf/d) cryogenic processing plant located 10 miles southeast of the town of Big Lake, Reagan County, Texas, in the Permian’s Midland Basin.

PPM and Lucid also entered into a separate agreement whereby PPM agreed to build, own, operate and maintain a 1.4-mile 138 kV transmission line and a 138 kV/25 kV 66//122 MVA high voltage substation and lease the project facility to Lucid for its exclusive use to provide the electrical capacity needed to meet Lucid’s initial and future electrical demands at its Big Lake plant

The project facility was completed and commercial operations began May 1, 2015.