James Devlin's questions to Visionary Holdings (GV) leadership • Q3 2020
Question
James Devlin from Henley & Company inquired about the positive impact of increased capital expenditure budgets from major utility clients on Goldfield's business. He asked about the company's involvement in connecting renewable energy projects like solar and wind farms to the grid, potential benefits from a national infrastructure bill, and the progress of geographic expansion into states like Kentucky, Oklahoma, and Arkansas.
Answer
Acting Co-CEO and CFO Steve Wherry confirmed that increased utility CapEx provides additional opportunities and that the company has a history with large renewable projects, citing a past $52 million CREZ project in Texas. Acting Co-CEO Jason Spivey affirmed they are currently working on several renewable tie-in projects and have successfully expanded from their Texas office into Oklahoma, Arkansas, Louisiana, and Kansas with active projects. He also noted the Kentucky office has opened doors for transmission and distribution work.