December 25, 2014 10:47 AM ET

Electric Utilities

Company Overview of Oncor Electric Delivery Holdings Company, LLC

Company Overview

Oncor Electric Delivery Holdings Company LLC, together with its subsidiary, Oncor Electric Delivery Company LLC, engages in the electricity distribution and transmission business. It operates an electricity distribution and transmission system in Texas with approximately 3 million delivery points, and 118,000 miles of distribution and transmission lines. The company is based in Dallas, Texas. Oncor Electric Delivery Holdings Company LLC operates as a subsidiary of Energy Future Intermediate Holding Company LLC.

1616 Woodall Rodgers Freeway

Dallas, TX 75202-1234

United States

Founded in 1999

Phone:

214-486-2000

Key Executives for Oncor Electric Delivery Holdings Company, LLC

Chief Financial Officer and Senior Vice President
Age: 56
Chief Executive of Energy Future Holdings Corp
Age: 58
Compensation as of Fiscal Year 2014.

Oncor Electric Delivery Holdings Company, LLC Key Developments

Energy Future Holdings Will Soon Auction Its Majority Stake In Oncor

Energy Future Holdings Corp. will soon present plans to auction its majority stake in its Oncor Electric Delivery Holdings Company, LLC. Edward Sassower of Kirkland & Ellis, who represents Energy Future, told a U.S. bankruptcy judge on September 16, 2014 that Energy Future will seek approval for the auction plan at a hearing on October 17, 2014, suggesting the proposal could be filed next week. "As you are aware, we're in the midst of a bidding war," said Sassower, "We've been working diligently to maintain that momentum by nurturing bids and attracting new bids. Market conditions are favorable and we want to lock in that value."

NextEra Eyes To Acquire Oncor

NextEra Energy, Inc. (NYSE:NEE) increased its bid to buy a majority stake in Oncor Electric Delivery Holdings Company, LLC by $500 million. Oncor is a part of a larger company called Energy Future Intermediate Holding Company LLC, which is reorganizing under Chapter 11 bankruptcy, the Sun Sentinel reports. NextEra Energy, Inc., parent of Florida Power & Light Company, said its bid would benefit creditors of Energy Future Holdings because the company is already familiar with Texas regulations. The terms of the bid have not been disclosed.

CenterPoint Eyes Oncor

CenterPoint Energy, Inc. intends to acquire Oncor Electric Delivery Holdings Company, LLC from Energy Future Holdings Corporation so as to boost earnings, CenterPoint Chief Executive Officer David McClanahan said during a conference call with analysts. "It’s all about buying it for a price where you can create shareholder value and we will look hard at it if it ever comes on the market,” he said. Oncor would be a “nice fit” with the company’s regulated utility business, which Centerpoint is looking to expand, he said. Allan Koenig, spokesperson for Energy Future, said that the company has no plans to sell Oncor. CenterPoint shares gained 2.6% to $21.23.

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