![]() The change in Oncor’s total distribution base revenues in the third quarter of 2023 included a 28.1% increase in distribution base revenues from residential customers (15.7% increase on a weather-normalized basis) and a 10.9% increase in distribution base revenues from large commercial and industrial customers. Oncor’s total distribution base revenues in the three months ended Septemas compared to the three months ended Septemincreased 18.5% (11.9% increase on a weather-normalized basis). 53601, higher costs associated with increases in invested capital (primarily borrowing costs and depreciation) and higher operation and maintenance expense (primarily regulatory asset amortization and self-insurance reserve accrual recovery amounts in new base rates), partially offset by higher revenues primarily from updates to transmission annual billing factors, new base rates, customer growth and updated interim DCRF rates to reflect increases in invested capital, and favorable changes in other income and deductions–net. ![]() This $58 million decrease was driven by the write-off of rate base disallowances recorded in the first quarter of 2023 resulting from the final order in PUCT Docket No. Oncor’s reported net income of $683 million in the nine months ended Septemcompared unfavorably to net income of $741 million in the nine months ended September 30, 2022. It is keeping up with, and staying ahead of, that growth that provides our company with a particular strategic and operational challenge – as well as a significant opportunity to meet a need in the market for further electric infrastructure.” “We continue to see expansive growth across our service territory. I am proud of the dedication and resilience of our workforce, who worked tirelessly to help ensure Texans had safe and reliable power this summer – one that saw 10 new peak demand records in the ERCOT market,” said Oncor CEO Allen Nye. In addition to strong financial performance, 2023 has been a great year for operational excellence, and we are making strong progress toward achieving our safety and reliability goals. ![]() “Today, we announced strong third quarter financial results driven in large part by growth within our service territory and increased customer consumption. Base rates were updated following the issuance of a final order by the Public Utility Commission of Texas (“PUCT”) in Oncor’s comprehensive base rate review (“PUCT Docket No. These increases were partially offset by higher costs associated with increases in invested capital (primarily borrowing costs and depreciation) and higher operation and maintenance expense (primarily regulatory asset amortization and self-insurance reserve accrual recovery amounts in new base rates). This $62 million increase was driven by higher revenues primarily from increased customer consumption due to warmer weather in the quarter, updates to transmission annual billing factors, new base rates, updated interim distribution cost recovery factor (“DCRF”) rates to reflect increases in invested capital and customer growth, and favorable changes in other income and deductions–net. You can email your request to Oncor has taken and will continue to take appropriate affirmative action to ensure compliance with this equal employment opportunity policy.DALLAS (November 3, 2023) - Oncor Electric Delivery Company LLC (“Oncor”) today reported three months ended Septemnet income of $380 million compared to net income of $318 million in the three months ended September 30, 2022. If you need any accommodation in the application, interviewing or selection process, please let us know. Oncor provides reasonable accommodations to qualified individuals with disabilities, including applicants for employment. All hiring, terminations and selections for job opportunities will be based on the Oncor's business needs and the qualifications, skills, relative abilities and performance of the candidates considered, without regard to an individual's race, color, religion, sex, sexual orientation, gender identity, genetic information, pregnancy, national origin, citizenship, age, disability, military service, veteran status or any other protected status. Oncor complies with all employment laws to afford equal employment opportunity to individuals in all aspects of employment without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, pregnancy, national origin, citizenship, age, disability, military service, veteran status or any other status protected under the law. ![]() Energy Efficiency Visit Take a Load Off TexasĮarnings Releases and Financial Presentations.Check My Meter Usage Visit įamily Residential/ Small Non-Residential. ![]()
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