Oncor reports 2021 results

Dallas, feb. 25, 2022 /prnewswire/ -- oncor electric delivery company llc ("oncor") today reported twelve months ended december 31, 2021 net income of $770 million compared to reported twelve months ended december 31, 2020 net income of $713 million. the $57 million year-over-year increase was driven by increases in revenues contributing to earnings primarily from updates to base transmission and distribution rates to reflect increases in invested capital and customer growth and a higher annual energy efficiency program performance bonus recognized in 2021, partially offset by increases in operation and maintenance expense and costs associated with additional investment (primarily depreciation, property taxes and borrowing costs).
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