Energy provider SP AusNet has revised its plans for a permanent levee to be built around the Kerang power station.
The company submitted its first planning application to the Gannawarra Shire late last year but has now made changes to the design.
The northern Victorian town's power supply was at risk during the January 2011 floods but a temporary levee averted the threat.
The shire's Geoff Rollinson says VicRoads and the Department of Sustainability and Environment had until today to submit their feedback on the plans.
"It has taken a little bit longer than I would've liked, particularly when you see what's happened recently in Queensland," he said.
"It certainly brings back images of what happened in January 2011."
Mr Rollinson says the company wants to start building as soon as it can.
"It's been identified, as we discussed, as a critical asset," he said.
"It drew the attention of the international media in the last event, including Prince William, so the importance of the substation is paramount to this northern Victorian district."
© ABC 2013
08:08 EST An amazing video shows an Oklahoma tornado survivor being reunited with her dog when it is found in the rubble of her flattened house as she is being interviewed on US television.