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August 31, 2015 6:10 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

3,410 Employees

Phone:

214-486-2000

Key Executives for Oncor Electric Delivery Company LLC

Chief Executive Officer and Executive Director
Age: 59
Chief Financial Officer and Senior Vice President
Age: 57
Chief Operating Officer and Senior Vice President
Age: 54
Senior Vice President, General Counsel and Secretary
Age: 47
Senior Vice President of Strategic Planning
Age: 44
Compensation as of Fiscal Year 2015.

Oncor Electric Delivery Company LLC Key Developments

Oncor Electric Delivery Company LLC Announces Earnings Results for the Second Quarter of 2015

Oncor Electric Delivery Company LLC announced earnings results for the second quarter of 2015. For the quarter, the company reported adjusted operating revenues increased $25 million or 2.8% quarter-over-quarter. Revenue contributed to earnings increased $16 million or 2.4% over the second quarter of 2014, primarily due to the impact of customer growth on distribution base revenue and higher transmission revenue. Adjusted EBITDA for the second quarter was up $4 million or 0.9% due to higher TCOS and distribution base revenue, partially offset by higher property taxes and franchise fees. Adjusted net income for the quarter was up $5 million due to higher EBITDA, lower interest expense and lower income taxes, partially offset by higher depreciation and amortization expense. Adjusted operating cash flow increased $217 million in the second quarter. This increase was driven by lower federal income tax payments related to the December '14 bonus depreciation legislation, accompanied by higher transmission and distribution receipts, partially offset by higher storm costs incurred in May.

Oncor Electric Delivery Company Names James Adams as Non-Executive Chairman

Oncor Electric Delivery Company announced that James (Jim) Adams will serve as Non-Executive Chairman of the Oncor Board of Directors. Bob Shapard will continue as Chief Executive Officer and board member. James "Jim" Adams previously served as Group President of SBC Communications, President and CEO of Southwestern Bell Telephone and Chairman of the Board of Texas Instruments, where he served on the board for 21 years.

Oncor Electric Delivery Company LLC, Q2 2015 Earnings Call, Aug 04, 2015

Oncor Electric Delivery Company LLC, Q2 2015 Earnings Call, Aug 04, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 27, 2015
Southwestern Public Service Company, Certain Transmission Assets
 

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