Oncor reports 2022 results

Dallas , feb. 28, 2023 /prnewswire/ -- oncor electric delivery company llc ("oncor") today reported twelve months ended december 31, 2022 net income of $905 million compared to reported twelve months ended december 31, 2021 net income of $770 million. the $135 million year-over-year increase was driven by higher revenues from updates to base transmission and distribution rates to reflect increases in invested capital, increased customer consumption attributable primarily to significantly warmer summer weather and colder winter weather, and customer growth, partially offset by increases in costs associated with additional investments (primarily depreciation and borrowing costs) and higher operation and maintenance expense.
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