Oncor reports third quarter 2024 results

Dallas , nov. 6, 2024 /prnewswire/ -- oncor electric delivery company llc ("oncor") today reported three months ended september 30, 2024 net income of $324 million compared to three months ended september 30, 2023 net income of $380 million. the $56 million decrease was driven by higher interest expense and depreciation expense associated with increases in invested capital and higher operation and maintenance expense, partially offset by overall higher revenues primarily attributable to updated interim rates to reflect increases in invested capital, increases in transmission billing units and customer growth, net of lower revenues due to lower customer consumption primarily attributable to milder weather when compared to the prior period and lower energy efficiency program performance bonus revenues due to the timing of public utility commission of texas ("puct") approval of an annual energy efficiency cost recovery factor application.
SRE Ratings Summary
SRE Quant Ranking