12. Recommended by Power System Approval of Contract No. 739 for Services for Installing, Removing, and Maintaining Overhead Distribution Facilities North of Mulholland Drive and Owens Valley with Petrelli Electric, Inc. The Contract is for a term of one year with four one-year optional renewal periods, for an estimated expenditure of $218,951,834, and an amount not to exceed $273,689,793. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3).