12. Recommended by Power System Approval of Contract No. 534 for Services for Construction of Electrical Underground Conduits and Substructures with W.A. Rasic Construction Company, Inc. The Contract is for a term of one year with four one-year optional renewal periods (anticipated termination date of December 2029), for an estimated expenditure of $228,595,009, and an amount not to exceed $285,743,762. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3).