August 01, 2014 3:29 AM 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

Investors Eyeing Oncor Electric Delivery

Hunt Consolidated Inc. and the Teacher Retirement System of Texas are eyeing to provide bankruptcy financing to Oncor Electric Delivery Company LLC owned by Energy Future Holdings Corp. NextEra Energy, Inc. (NYSE:NEE) is jostling to provide financing to Energy Future Intermediate Holding Company LLC which owns 80% stake in Oncor Electric Delivery Company LLC. Providing financing is likely to translate to control of Oncor Electric Delivery Company LLC when the bankruptcy process for Energy Future Holdings Corp. eventually concludes.

Oncor Electric Delivery Company Llc Announces Financial Results for the First Quarter of 2014

Oncor Electric Delivery Company LLC announced financial results for the first quarter of 2014. For the quarter, the company's net income is up 36%, or $26 million over 2013. Increased revenues, along with lower interest expense, were partially offset by income taxes, as well as higher depreciation and ad valorem taxes driven by increased investment. Adjusted EBITDA for the quarter increased by $43 million, or 10.9%, while 12 months ended results were up $103 million, or 6.1%. These increases were primarily related to increased revenue. Adjusted operating cash flow for the first quarter rose 25.2%, or $33 million, over the same period in 2013.

Oncor Electric Delivery Company LLC to Report Q1, 2014 Results on May 06, 2014

Oncor Electric Delivery Company LLC announced that they will report Q1, 2014 results at 7:30 AM, Central Standard Time on May 06, 2014

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