Oncor reports third quarter 2023 results

Dallas , nov. 3, 2023 /prnewswire/ -- oncor electric delivery company llc ("oncor") today reported three months ended september 30, 2023 net income of $380 million compared to net income of $318 million in the three months ended september 30, 2022. this $62 million increase was driven by higher revenues primarily from increased customer consumption due to warmer weather in the quarter, updates to transmission annual billing factors, new base rates, updated interim distribution cost recovery factor ("dcrf") rates to reflect increases in invested capital and customer growth, and favorable changes in other income and deductions–net.
SRE Ratings Summary
SRE Quant Ranking