Oncor reports second quarter 2024 results

Dallas , aug. 6, 2024 /prnewswire/ -- oncor electric delivery company llc ("oncor") today reported three months ended june 30, 2024 net income of $251 million compared to three months ended june 30, 2023 net income of $200 million. the $51 million increase was driven by higher revenues primarily due to updated interim rates to reflect increases in invested capital, increases in transmission billing units, higher customer consumption primarily attributable to weather, the new base rates implemented in may 2023 and customer growth, partially offset by higher costs associated with increases in invested capital (primarily borrowing costs and depreciation) and higher operation and maintenance ("o&m") expense.
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