December 20, 2014 9:59 PM ET

Electric Utilities

Company Overview of Oncor Electric Delivery Company LLC

Company Overview

Oncor Electric Delivery Company LLC, a regulated electricity transmission and distribution company, provides electricity delivery services to end-use consumers through its electrical systems. It also offers transmission grid connections to merchant generation facilities and interconnections to other transmission grids. In addition, the company provides transmission services to other electricity distribution companies, cooperatives, and municipalities, as well as distribution services to and retail electric providers who sell electricity to retail customers. Its transmission and distribution assets are located principally in the north-central, eastern, and western parts of Texas. Oncor Electr...

1616 Woodall Rodgers Freeway

Dallas, TX 75202

United States

Founded in 2001

3,420 Employees

Phone:

214-486-2000

Key Executives for Oncor Electric Delivery Company LLC

Executive Chairman and Chief Executive Officer
Age: 58
Chief Financial Officer and Senior Vice President
Age: 56
Chief Operating Officer and Senior Vice President
Age: 53
Chief Executive of TXU Corp and President of TXU Corp
Age: 55
Senior Vice President
Age: 46
Compensation as of Fiscal Year 2014.

Oncor Electric Delivery Company LLC Key Developments

Oncor Electric Delivery Company LLC Reports Earnings Guidance for the Third Quarter and Year to Date Ended September 30, 2014; Provides Capital Expenditure Guidance for 2015 to 2019

Oncor Electric Delivery Company LLC reported earnings guidance for the third quarter and year to date ended September 30, 2014. For the quarter, the company's net income - Oncor was $158 million compared to $146 million a year ago. EBITDA - Oncor was $563 million compared to $541 million a year ago. Oncor adjusted EBITDA, excluding BondCo was $534 million compared to $507 million a year ago. Adjusted net income, excluding BondCo was $154 million compared to $144 million a year ago. Operating cash flow - Oncor was $474 million compared to $444 million a year ago. Adjusted operating cash flow, excluding BondCo was $433 million compared to $406 million a year ago. For the year to date, the company's net income - Oncor was $458 million compared to $357 million a year ago. EBITDA - Oncor was $1,936 million compared to $1,749 million a year ago. Oncor adjusted EBITDA, excluding BondCo was $1,827 million compared to $1,693 million a year ago. Total Oncor debt, excluding BondCo was $6,175 million compared to $6,061 million a year ago. The board formally approves 1 year at a time and has approved a capital plan of approximately $1.1 billion for 2015. The company expects to recommend to the board capital expenditures of approximately $1.4 billion for 2016 and $1.5 billion for each of 2017 through 2019. A portion of the increase is to expand and upgrade transmission system to support growth in service territory, with a potential focus on the rapid growth in West Texas driven by the oil and gas industry.

Oncor Electric Delivery Company LLC, Q3 2014 Earnings Call, Nov 04, 2014

Oncor Electric Delivery Company LLC, Q3 2014 Earnings Call, Nov 04, 2014

Berkshire Hathaway Reportedly Among Others To Bid For Oncor

Berkshire Hathaway Inc. (NYSE:BRK.A) is among the companies exploring bids to purchase Oncor Electric Delivery Company LLC, reported Bloomberg. Berkshire Hathaway joins CenterPoint Energy, Inc. (NYSE:CNP), NextEra Energy, Inc. (NYSE:NEE) and Hunt Consolidated, Inc. as the companies that have signed confidentiality agreements to bid on Oncor while its parent, Energy Future Holdings Corp., is in bankruptcy reorganization, according to Bloomberg, which cited anonymous sources close to the matter.

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