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September 02, 2015 3:53 PM 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: 57
Chief Executive of Energy Future Holdings Corp, President of Energy Future Holdings Corp and Director of Energy Future Holdings Corp
Age: 59
Compensation as of Fiscal Year 2015.

Oncor Electric Delivery Holdings Company, LLC Key Developments

Public Utilities Chief Raises Red Flags On Hunt Plan To Buy Oncor

Texas Public Utilities Commissioner Ken Anderson on August 20, 2015 raised concerns about a plan put forth by Energy Future Holdings Corp. (EFH) to escape bankruptcy by selling Oncor Electric Delivery Holdings Company, LLC to a consortium led by Ray L. Hunt and Hunt's companies. Anderson states in the letter, "The most critical question to be decided by us in such a proceeding is whether a proposed transaction results in tangible and quantifiable benefits to ratepayers that exceed the costs and risks to those same ratepayers. Oncor's ratepayers ought not to bear any real risk associated either with the preexisting EFH debt or the proposed REIT structure unless they receive at least commensurate benefits over the long-run for that risk. That premise will be at the heart of my public interest analysis."

Oncor Holdings Appoints Kneeland Youngblood to the Board

Oncor Holdings appointed Mr. Kneeland Youngblood to the Board effective March 2, 2015. Mr. Youngblood is a founding partner of Pharos Capital Group. During the last five years, Mr. Youngblood served on the boards of Burger King Holdings Inc., Gap Inc. and Starwood Hotels and Resorts Worldwide Inc. He is a director of EFH Corp., EFIH and Mallinckrodt public limited company, and a member of the Council on Foreign Relations.

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."

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