Oncor reports third quarter 2021 results

Dallas, nov. 5, 2021 /prnewswire/ -- oncor electric delivery company llc ("oncor") today reported three months ended september 30, 2021 net income of $258 million compared to net income of $258 million in the third quarter of 2020. net income for the three months ended september 30, 2021, included a net increase in revenues contributing to earnings primarily from updates to base transmission and distribution rates to reflect increases in invested capital and customer growth, offset by increases in operation and maintenance expense and costs associated with additional investment (primarily depreciation and amortization and property taxes) and lower other miscellaneous revenues during the third quarter of 2021 due to the recognition of an annual energy efficiency program performance bonus that was approved in the third quarter of 2020, but pending public utility commission of texas ("puct") approval in 2021.
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