Oncor reports 2023 results; announces $24.2 billion 2024-2028 capital plan

Dallas , feb. 27, 2024 /prnewswire/ -- oncor electric delivery company llc ("oncor") today reported twelve months ended december 31, 2023 net income of $864 million compared to twelve months ended december 31, 2022 net income of $905 million. this $41 million decrease was driven by higher costs associated with increases in invested capital (primarily borrowing costs and depreciation), higher operation and maintenance expense (primarily regulatory asset amortization and self-insurance reserve accrual recovery amounts in new base rates) and the write-off of rate base disallowances recorded in the first quarter of 2023 resulting from the public utility commission of texas' ("puct") final order in oncor's comprehensive base rate review in puct docket no.
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