Well since I use to design substations I think I might be able to help you here.
First off you will need to know the TOCs of the foundations for the equipment going into the substation (Xfmr Pad, Bus supports, Cap Bank Fdns, PCBs Fdns, etc...)
You will then need to know where the control house (If your company uses one, which most do, but there are smaller utilites that use a metalclad SWGR and enclose relaying). You will also need to know where they are going to bend the bus as this is important for getting your grade break locations.
After that you will need to know which side the site will drain towards, driveways, sidewalks, landscaping, etc...
You will need to know the parcel dimensions.
After you have all of that information you can start.
Start by building pads for common TOCs of foundations. There may be a company standard for how far beyond fencing and equipment this will go. usually they want enough room to place a grounding mat which is 4'x4' typically out side of a fence gate. By the way this can be done with featurelines or plines, 3dpolys, which ever you choose, but I prefer feature lines. Also make sure you are doing all of this on the same site.
Build the footprint of the control house and/or major equipment. You will find that because of their size PCBs, XFMRs, SWGR, etc.. may have there own TOC for the foundation. I also do these with feature lines.
Now do the inside face of the wall with a feature line.
Finally the parcel lines with a feature lines
Now do a stepped offset command, you can find this on the feature line tool bar, for the wall.
Depending on the civil engineers taste you may have to tweek the grade, you can do this through the feature line editor in the panorama window.
Once you have everything where you want them you can start a new surface and add the lines as breaklines. You are now done.
Of course this is one of many ways to do it.
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