Latest news with #Oncor
Yahoo
11 hours ago
- Business
- Yahoo
Oncor has 200 GW of interconnection requests, company officials say
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Dive Brief: Oncor Electric Delivery now has some 200 GW of interconnection requests in its queue, including 186 GW of data centers, 7 GW of traditional commercial and industrial customers, 5 GW of crypto currency facilities, and 4 GW of oil and gas operations, Oncor CEO Allen Nye said during Thursday's earnings call. About 20% of the potential demand has signed contracts or is considered 'high-confidence load,' he said. Given the number of interconnection requests, Oncor could add more than $12 billion to its existing $36 billion capital plan when it revises that plan sometime next year, according to Jeffrey Martin, chairman, CEO and president of Oncor parent company Sempra. The sales of Sempra's Ecogas Mexico and a stake in Sempra Infrastructure and have drawn interest from potential buyers and financiers, Martin said. The sales are intended to raise funds for Oncor's multibillion dollar expansion. Dive Insight Sempra's pivot to a more utility-focused business model, inspired in part by the massive growth in electric demand in Oncor's service territory, should improve earnings and reduce risk for investors, Martin told analysts on Thursday. Martin announced on the call that Sempra Infrastructure, the company's development arm, has signed a nonbinding letter of intent with global investment firm KKR for the sale of 15% to 30% equity depending on the company's valuation. The Ecogas sale has also drawn interest, he said, and both sales are expected to close in mid-2026. 'It's also very important ... that we're thoughtful on the timing and use of proceeds.' Martin said. 'There's an opportunity here to improve our balance sheet and put some cushion on the balance sheet.' Sempra should see more of its earnings coming from its regulated utilities, and from Oncor and Texas in particular, in the future, Martin said. Oncor initiated service to 20,000 new properties in the second quarter alone, Nye said, and has about 1,100 new large load customers in its interconnection queue. The company already has 9 GW in new, signed interconnection agreements and has another 30 GW in requests that it considers 'high confidence load.' Morgan Stanley analyst David Arcaro noted that these figures suggested the company hasn't added any new high confidence load to its queue in the past quarter, but Nye said this was because the company updates its high confidence figures once a year when it submits those numbers to the Electric Reliability Council of Texas. On the California side of its business, Sempra CFO Karen Sedgwick said San Diego Gas & Electric has been awarded a contract for $600 million in new transmission by the California Independent System Operator — another potential addition to the company's existing capital plan. The California utility also recently completed hardening 100% of its highest-risk transmission systems against wildfire, Martin said, and hasn't been involved in a major wildfire in more than 18 years. Recommended Reading Sempra to sell Mexican natural gas business to fund transmission expansion in Texas
Yahoo
6 days ago
- Business
- Yahoo
Sempra beats profit estimates on US utility growth
(Reuters) -Energy infrastructure company Sempra beat analysts' estimates for second-quarter profit on Thursday, helped by growth in its U.S. utility operations and cost cuts. U.S. utilities are seeing steady growth, supported by rising electricity demand, especially from energy-intensive sectors such as data centers, alongside broader grid reliability needs. Sempra said it remains focused on shifting capital into higher-return, utility-centric assets. Its Oncor unit in Texas reported a 40% jump in interconnection requests and added nearly 20,000 new premises during the quarter. The division also filed for a comprehensive base rate review to recover storm-related costs and support higher capital spending. The San Diego-based company posted adjusted earnings of 89 cents per share during the quarter ended June 30, compared with analysts' estimate of 85 cents per share, according to data compiled by LSEG. Quarterly operation and maintenance expenses fell 7% to $1.24 billion. Sempra also said it has made progress on two planned asset sales — a stake in Sempra Infrastructure and its Mexican gas distribution unit Ecogas — with both transactions expected to close by mid-2026. The company's utilities in California were awarded $600 million in new grid projects under the state's latest transmission plan and invested more than $1.2 billion in upgrades during the quarter. Sempra shares were up 1.5% in early trading.
Reuters
6 days ago
- Business
- Reuters
Sempra beats profit estimates on US utility growth
Aug 7 (Reuters) - Energy infrastructure company Sempra (SRE.N), opens new tab beat analysts' estimates for second-quarter profit on Thursday, helped by growth in its U.S. utility operations and cost cuts. U.S. utilities are seeing steady growth, supported by rising electricity demand, especially from energy-intensive sectors such as data centers, alongside broader grid reliability needs. Sempra said it remains focused on shifting capital into higher-return, utility-centric assets. Its Oncor unit in Texas reported a 40% jump in interconnection requests and added nearly 20,000 new premises during the quarter. The division also filed for a comprehensive base rate review to recover storm-related costs and support higher capital spending. The San Diego-based company posted adjusted earnings of 89 cents per share during the quarter ended June 30, compared with analysts' estimate of 85 cents per share, according to data compiled by LSEG. Quarterly operation and maintenance expenses fell 7% to $1.24 billion. Sempra also said it has made progress on two planned asset sales — a stake in Sempra Infrastructure and its Mexican gas distribution unit Ecogas — with both transactions expected to close by mid-2026. The company's utilities in California were awarded $600 million in new grid projects under the state's latest transmission plan and invested more than $1.2 billion in upgrades during the quarter. Sempra shares were up 1.5% in early trading.
Yahoo
6 days ago
- Business
- Yahoo
ONCOR REPORTS SECOND QUARTER 2025 RESULTS
DALLAS, Aug. 7, 2025 /PRNewswire/ -- Oncor Electric Delivery Company LLC (Oncor) today reported net income of $259 million for the three months ended June 30, 2025, compared to net income of $251 million in the three months ended June 30, 2024. The increase in net income of $8 million was driven by overall higher revenues primarily attributable to updated interim rates to reflect increases in invested capital, an increase in other regulated revenues recognized related to Oncor's system resiliency plan (SRP) and the unified tracker mechanism (UTM) established by Texas House Bill 5247, and customer growth, partially offset by higher interest expense and depreciation expense associated with increases in invested capital, and higher operation and maintenance expense. Financial and operational results are provided in Tables A, B, C, D, and E below. "As we move through the peak summer season, our team remains steadfast in its commitment to safely delivering reliable power to the more than 13 million Texans we serve," said Oncor CEO Allen Nye. "We work year-round to strengthen and modernize our system to meet the growing demands across our expanding service territory. This past quarter, Oncor filed a rate case to recover historical storm-related costs, support the recruitment, training, and safety of our large and active workforce, and secure materials and equipment at an unprecedented scale. A constructive outcome, combined with supportive legislation passed during the 89th Texas Legislature, will enhance our financial strength and position Oncor to raise the capital necessary to serve our customers and the State during this period of exceptional growth in Texas." Oncor also reported net income of $440 million for the six months ended June 30, 2025, compared to net income of $476 million in the six months ended June 30, 2024. The decrease in net income of $36 million was driven by higher interest expense and depreciation expense associated with increases in invested capital and higher operation and maintenance expense, partially offset by overall higher revenues primarily attributable to updated interim rates to reflect increases in invested capital, customer growth, an increase in other regulated revenues recognized related to the SRP and the establishment of the UTM, and higher customer consumption primarily attributable to weather. Operational HighlightsDuring the second quarter, Oncor continued work on its company record $7.1 billion annual capital expenditure plan for 2025. Key operational updates during the second quarter included implementation of important components of Oncor's SRP, such as, enhanced wildfire risk modeling, completion of approximately 2,000 miles of resiliency assessments (primarily in wildfire mitigation zones), and the acquisition of approximately 20,000 miles of LiDAR data and 2,800 miles of drone imagery. Additionally, Oncor's team has been hard at work on planning and other pre-construction work related to the 765 kV Electric Reliability Council of Texas, Inc. (ERCOT) Strategic Transmission Expansion Plan (STEP), including Oncor's import lines in the Permian Basin Reliability Plan (PBRP), and submitting the remainder of the 765 kV Eastern portion of STEP to the ERCOT Regional Planning Group in conjunction with other utilities. The joint filings for the Eastern portion of STEP outline approximately $10 billion of projects. The joint filings did not address the remaining lower voltage transmission system upgrades and new transmission facilities needed, which ERCOT estimates will have a cost of $8 – $10 billion. Oncor anticipates it will be responsible for building a significant amount of the total Eastern portion of STEP. During the quarter Oncor filed four new Certificates of Convenience and Necessity (CCNs) for needed transmission projects building on the seven CCNs filed in the first quarter of 2025. Four previously filed projects also received regulatory approvals in the second quarter, clearing the way for new substations and line upgrades to proceed. In the second quarter of 2025, Oncor built, rebuilt, or upgraded approximately 590 circuit miles of transmission and distribution lines and increased premises by nearly 20,000, reflecting ongoing population and business growth in Texas. Active transmission point-of-interconnection (POI) requests continued to rise in the second quarter, remaining well above year-ago levels. As of June 30, 2025, Oncor's active large commercial and industrial (LC&I) interconnection queue was approximately 38% higher than at the same time last year. As of June 30, 2025, Oncor's active LC&I interconnection queue had 552 requests, which includes approximately 186 gigawatts from data centers and over 19 gigawatts of load from diverse industrial sectors demonstrating broad-based industrial growth within Oncor's service territory. Of the 570 active generation POI requests in queue at June 30, 2025, approximately 49% were storage, 40% were solar, 7% were wind, and 4% were gas. Oncor is currently in the process of updating its annual capital plan, including assessing the impact of accelerated timelines for critical transmission infrastructure and system upgrades. The company previously announced a $36.1 billion capital plan for the 2025–2029 period and now anticipates that incremental capital expenditures over that timeframe could exceed $12 billion, particularly in the later years of the plan. Oncor expects to present an initial view of its new five-year capital plan for 2026–2030 to its Board of Directors in October, with a public announcement of the final updated plan anticipated in the first quarter of 2026. Legislative OutcomesThe Texas Legislature concluded its regular session on June 2, 2025, with several key legislative outcomes that Oncor believes will positively impact the company and its customers. In particular, Oncor believes Texas House Bill 5247 provides benefits to many of its stakeholders. This bill allows qualifying electric utilities such as Oncor to record costs to a regulatory asset arising from eligible capital investment and apply for interim rate adjustments through an annual UTM filing. The UTM is expected to benefit residential customers by ensuring that new large load customers coming to the Oncor system have costs allocated to them appropriately. The UTM also provides deadlines for the timely completion of PBRP and, by combining six annual filings into one as well as extending the deadline for review by the Public Utility of Commission of Texas (PUCT), should reduce the workload for the PUCT. Oncor plans to make its first UTM filing in the first half of 2026, after the completion of its rate case. In the meantime, Oncor has begun recognizing revenues associated with qualifying investments for eligible transmission and distribution infrastructure placed in service after December 31, 2024. The Texas Legislature also passed several new laws and approved significant funding to reduce the risks of wildfires and better prepare the state and local governments to rapidly respond to a wildfire, including a requirement in Texas House Bill 145 that utilities file a wildfire mitigation plan with the PUCT. The PUCT has initiated a rule-making to implement Texas House Bill 145, and Oncor plans to submit its wildfire mitigation plan for approval upon the completion of the PUCT's rule-making. Regulatory UpdateOn June 26, 2025, Oncor filed a comprehensive base rate review request with the PUCT and the 210 cities in its service territory that have retained original jurisdiction over rates to adjust electric delivery rates (PUCT Docket No. 58306). The primary drivers of the rate increase requested in the filing are increased storm restoration expenses, rising material and labor costs, higher insurance premiums, and other inflationary pressures experienced by Oncor since 2021, the historical test year of its last rate review, as well as modifications to support Oncor's ongoing capital investment program and maintain reliable service amid rapid customer and infrastructure growth. Oncor expects a regulatory decision in the first quarter of 2026. On July 8, 2025, Oncor filed a request for a partial interim adjustment of rates to begin to recover some of the increased costs while the case is pending, subject to refund or surcharge to the extent the interim rates differ from the final rates approved by the PUCT. Liquidity and Credit UpdateAs of August 6, 2025, Oncor's available liquidity totaled approximately $3.9 billion, consisting of cash on hand and available borrowing capacity under its credit facilities, commercial paper programs, and accounts receivable facility. Oncor anticipates these resources, combined with projected cash flows from operations and future financing activities, will be sufficient to meet capital expenditures, maturities of long-term debt, and other operational needs for at least the next twelve months. On July 29, 2025, S&P Global Ratings (S&P) downgraded Oncor's issuer credit rating from "A" to "A-," citing elevated wildfire risk as a result of changing climate conditions and the absence of liability caps or affirmative legal defenses in Texas. S&P also revised Oncor's outlook from "negative" to "stable." In its press release, S&P noted that it expects Oncor's financial measures to benefit from ratemaking changes implemented under Texas House Bill 5247. S&P also noted that its base case assumes that Oncor receives a constructive rate case order. Sempra Internet Broadcast TodaySempra (NYSE: SRE) will broadcast a live discussion of its earnings results over the Internet today at 12 p.m. ET, which will include discussion of second quarter 2025 results and other information relating to Oncor. Oncor executives will also participate in the broadcast. Access to the broadcast is available by logging onto the Investors section of Sempra's website, Prior to the conference call, an accompanying slide presentation will be posted on For those unable to participate in the live webcast, it will be available on replay a few hours after its conclusion at Quarterly Report on Form 10-QOncor's Quarterly Report on Form 10-Q for the period ended June 30, 2025 will be filed with the U.S. Securities and Exchange Commission after Sempra's conference call and once filed, will be available on Oncor's website, About OncorHeadquartered in Dallas, Oncor Electric Delivery Company LLC is a regulated electricity transmission and distribution business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor (together with its subsidiaries) operates the largest transmission and distribution system in Texas, delivering electricity to more than 4 million homes and businesses and operating more than 144,000 circuit miles of transmission and distribution lines in Texas. While Oncor is owned by two investors (indirect majority owner, Sempra, and minority owner, Texas Transmission Investment LLC), Oncor is managed by its Board of Directors, which is comprised of a majority of disinterested directors. Oncor Electric Delivery Company LLC Table A – Condensed Statements of Consolidated Income (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025202420252024 (U.S. dollars in millions) Operating revenues $ 1,654$ 1,492$ 3,202$ 2,950 Operating expenses: Wholesale transmission service 367 351 720 702 Operation and maintenance 368 295 738 594 Depreciation and amortization 290 261 577 518 Provision in lieu of income taxes 55 53 94 100 Taxes other than amounts related to income taxes 142 136 289 280 Total operating expenses 1,222 1,096 2,418 2,194 Operating income 432 396 784 756 Other (income) and deductions – net (19) (16) (32) (30) Non-operating benefit in lieu of income taxes - - (1) (1) Interest expense and related charges 192 161 377 311 Net income $ 259$ 251$ 440$ 476 Oncor Electric Delivery Company LLC Table B – Condensed Statements of Consolidated Cash Flows (Unaudited)Six Months Ended June 30, 20252024 (U.S. dollars in millions) Cash flows – operating activities: Net income $ 440$ 476 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization, including regulatory amortization 659 602 Provision in lieu of deferred income taxes – net 77 57 Changes in operating assets and liabilities: Accounts receivable (48) (202) Inventories (79) (28) Accounts payable – trade 24 162 Regulatory assets – recoverable SRP (70) - Regulatory assets – recoverable UTM (19) - Regulatory under/over recoveries – net 6 (51) Regulatory assets – self-insurance reserve (146) (236) Customer deposits 33 25 Pension and OPEB plans (132) (7) Other – assets (102) (150) Other – liabilities (49) (10) Cash provided by operating activities 594 638 Cash flows – financing activities: Issuances of senior secured notes 3,105 1,442 Repayments of senior secured notes (350) (500) Borrowings under AR Facility 510 540 Repayments under AR Facility (510) (400) Borrowings under $500M Credit Facility - 500 Payment for senior secured notes extinguishment (441) - Net change in short-term borrowings (594) (282) Capital contributions from members 1,210 480 Distributions to members (354) (251) Debt premium, discount, financing and reacquisition costs – net (38) (15) Cash provided by financing activities 2,538 1,514 Cash flows – investing activities: Capital expenditures (2,821) (2,196) Sales tax audit settlement refund - 56 Other – net 22 20 Cash used in investing activities (2,799) (2,120) Net change in cash, cash equivalents and restricted cash 333 32 Cash, cash equivalents and restricted cash – beginning balance 262 151 Cash, cash equivalents and restricted cash – ending balance $ 595$ 183 Oncor Electric Delivery Company LLC Table C – Condensed Consolidated Balance Sheets (Unaudited) At June 30,At December 31, 20252024 (U.S. dollars in millions) ASSETS Current assets: Cash and cash equivalents $ 340$ 36 Restricted cash, current 11 20 Accounts receivable – net 1,026 970 Amounts receivable from members related to income taxes 30 30 Materials and supplies inventories – at average cost 541 462 Prepayments and other current assets 165 124 Total current assets 2,113 1,642 Restricted cash, noncurrent 244 206 Investments and other property 185 183 Property, plant and equipment – net 34,171 31,769 Goodwill 4,740 4,740 Regulatory assets 1,817 1,671 Right-of-use operating lease assets 231 209 Other noncurrent assets 77 31 Total assets $ 43,578$ 40,451LIABILITIES AND MEMBERSHIP INTERESTS Current liabilities: Short-term borrowings $ -$ 594 Accounts payable – trade 966 770 Amounts payable to members related to income taxes 17 29 Accrued taxes other than amounts related to income 171 274 Accrued interest 173 149 Operating lease and other current liabilities 328 367 Total current liabilities 1,655 2,183 Long-term debt, noncurrent 17,605 15,234 Liability in lieu of deferred income taxes 2,658 2,552 Regulatory liabilities 2,960 2,973 Employee benefit plan obligations 1,235 1,384 Operating lease obligations 211 193 Other noncurrent obligations 376 302 Total liabilities 26,700 24,821 Commitments and contingencies Membership interests: Capital account – number of units outstanding at June 30, 2025 and December31, 2024 – 635,000,000 17,110 15,814 Accumulated other comprehensive loss (232) (184) Total membership interests 16,878 15,630 Total liabilities and membership interests $ 43,578$ 40,451 Oncor Electric Delivery Company LLC Table D – Operating Statistics Mixed MeasuresTwelve Months Ended June 30,% 20252024Change Reliability statistics (a): System Average Interruption Duration Index (SAIDI) (non-storm) 79.470.412.8 System Average Interruption Frequency Index (SAIFI) (non-storm) 1.11.010.0 Customer Average Interruption Duration Index (CAIDI) (non-storm) 70.972.6(2.3)Electricity points of delivery (end of period and in thousands): Electricity distribution points of delivery (based on number of active meters) 4,0844,0081.9 Three Months EndedJune 30,IncreaseSix Months EndedJune 30,Increase 20252024(Decrease)20252024(Decrease) Residential system weighted weather data (b): Cooling degree days570652(82)598677(79) Heating degree days17611589459130Three Months EndedJune 30,%Six Months EndedJune 30,% 20252024Change20252024Change Operating statistics: Electric energy volumes (gigawatt-hours) Residential 11,28011,432(1.3)22,53321,8962.9 Commercial, industrial, small business andother30,94628,9117.058,69955,7605.3 Total electric energy volumes 42,22640,3434.781,23277,6564.6(a) SAIDI is the average number of minutes electric service is interrupted per consumer in a twelve-month period. SAIFI is the average number of electric service interruptions per consumer in a twelve-month period. CAIDI is the average duration in minutes per electric service interruption in a twelve-month period. In each case, our non-storm reliability performance reflects electric service interruptions of one minute or more per customer. Each of these results excludes outages during significant storm events. (b) Degree days are measures of how warm or cold it is throughout our service territory. A degree day compares the average of the hourly outdoor temperatures during each day to a 65° Fahrenheit standard temperature. The more extreme the outside temperature, the higher the number of degree days. A high number of degree days generally results in higher levels of energy use for space cooling or heating. Oncor Electric Delivery Company LLC Table E – Operating Revenues Three Months EndedJune 30,$Six Months EndedJune 30,$ 20252024Change20252024Change (U.S. dollars in millions) Operating revenuesRevenues contributing to earnings:Revenues from contracts with customersDistribution base revenues Residential (a)$ 387$ 358$ 29$ 762$ 687$ 75Large commercial & industrial (b) 335 312 23 667 617 50Other (c) 32 30 2 62 60 2Total distribution base revenues (d) 754 700 54 1,491 1,364 127Transmission base revenues (TCOS revenues)Billed to third-party wholesale customers 280 263 17 533 525 8Billed to REPs serving Oncor distributioncustomers, through TCRF 155 144 11 295 287 8Total TCOS revenues 435 407 28 828 812 16Other miscellaneous revenues 25 22 3 48 46 2Total revenues from contracts with customers 1,214 1,129 85 2,367 2,222 145Other regulated revenuesSRP revenues 43 - 43 70 - 70UTM revenues (e) 19 - 19 19 - 19Total other regulated revenues 62 - 62 89 - 89Total revenues contributing to earnings 1,276 1,129 147 2,456 2,222 234Revenues collected for pass-throughexpenses:TCRF – third-party wholesale transmissionservice 367 351 16 720 702 18EECRF and other revenues 11 12 (1) 26 26 -Total revenues collected for pass-throughexpenses 378 363 15 746 728 18Total operating revenues $ 1,654$ 1,492$ 162$ 3,202$ 2,950$ 252 (a) Distribution base revenues from residential customers are generally based on actual monthly consumption (kWh). On a weather-normalized basis, distribution base revenues from residential customers increased 11.8% in the three months ended June 30, 2025 as compared to the three months ended June 30, 2024 and increased 8.8% in the six months ended June 30, 2025 as compared to the six months ended June 30, 2024. (b) Depending on size and annual load factor, distribution base revenues from large commercial & industrial customers are generally based either on actual monthly demand (kilowatts) or the greater of actual monthly demand (kilowatts) or 80% of peak monthly demand during the prior 11 months. (c) Includes distribution base revenues from small business customers whose billing is generally based on actual monthly consumption (kWh), lighting sites and other miscellaneous distribution base revenues. (d) The 7.7% increase in distribution base revenues in the three months ended June 30, 2025 as compared to the three months ended June 30, 2024 (9.6% increase on a weather-normalized basis) primarily due to incremental interim distribution cost recovery factor (DCRF) rates to reflect increases in invested capital and customer growth; partially offset by lower customer consumption, primarily attributable to milder weather. The 9.3% increase in distribution base revenues in the six months ended June 30, 2025 as compared to the six months ended June 30, 2024 (8.2% increase on a weather-normalized basis) primarily reflects updated interim DCRF rates, increase in customer growth, and increase due to higher customer consumption, primarily attributable to weather. (e) Includes revenues recognized in the second quarter of 2025, which were recognized for recoverable UTM eligible transmission and distribution capital investments put into service during the period from January 1, 2025 through June 30, 2025, including depreciation expenses, carrying costs on unrecovered balances and related taxes. Forward-Looking Statements This news release contains forward-looking statements relating to Oncor within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. All statements, other than statements of historical facts, that are included in this news release, as well as statements made in presentations, in response to questions or otherwise, that address activities, events or developments that Oncor expects or anticipates to occur in the future, including such matters as projections, capital allocation, future capital expenditures, business strategy, competitive strengths, goals, future acquisitions or dispositions, development or operation of facilities, market and industry developments and the growth of Oncor's business and operations (often, but not always, through the use of words or phrases such as "intends," "plans," "will likely result," "expects," "is expected to," "will continue," "is anticipated," "estimated," "forecast," "should," "projection," "target," "goal," "objective" and "outlook"), are forward-looking statements. Although Oncor believes that in making any such forward-looking statement its expectations are based on reasonable assumptions, any such forward-looking statement involves risks, uncertainties and assumptions. Factors that could cause Oncor's actual results to differ materially from those projected in such forward-looking statements include: legislation, governmental policies and orders, and regulatory actions; legal and administrative proceedings and settlements, including the exercise of equitable powers by courts; weather conditions and other natural phenomena, including severe weather events, natural disasters or wildfires; cyber-attacks on Oncor or Oncor's third-party vendors; changes in expected ERCOT and service territory growth; changes in, or cancellations of, anticipated projects, including customer requested interconnection projects; physical attacks on Oncor's system, acts of sabotage, wars, terrorist activities, wildfires, fires, explosions, natural disasters, hazards customary to the industry, or other emergency events; Oncor's ability to obtain adequate insurance on reasonable terms and the possibility that it may not have adequate insurance to cover all losses incurred by Oncor or third-party liabilities; adverse actions by credit rating agencies; health epidemics and pandemics, including their impact on Oncor's business and the economy in general; interrupted or degraded service on key technology platforms, facilities failures, or equipment interruptions; economic conditions, including the impact of a recessionary environment, inflation, foreign policy, and global trade restrictions; supply chain disruptions, including as a result of tariffs, global trade disruptions, competition for goods and services, and service provider availability; unanticipated changes in electricity demand in ERCOT or Oncor's service territory; ERCOT grid needs and ERCOT market conditions, including insufficient electricity generation within the ERCOT market or disruptions at power generation facilities that supply power within the ERCOT market; changes in business strategy, development plans or vendor relationships; changes in interest rates, foreign currency exchange rates, or rates of inflation; significant changes in operating expenses, liquidity needs and/or capital expenditures; inability of various counterparties to meet their financial and other obligations to Oncor, including failure of counterparties to timely perform under agreements; general industry and ERCOT trends; significant decreases in demand or consumption of electricity delivered by Oncor, including as a result of increased consumer use of third-party distributed energy resources or other technologies; changes in technology used by and services offered by Oncor; changes in employee and contractor labor availability and cost; significant changes in Oncor's relationship with its employees, and the potential adverse effects if labor disputes or grievances were to occur; changes in assumptions used to estimate costs of providing employee benefits, including pension and other postretirement employee benefits, and future funding requirements related thereto; significant changes in accounting policies or critical accounting estimates material to Oncor; commercial bank and financial market conditions, macroeconomic conditions, access to capital, the cost of such capital, and the results of financing and refinancing efforts, including availability of funds and the potential impact of any disruptions in U.S. or foreign capital and credit markets; financial market volatility and the impact of volatile financial markets on investments, including investments held by Oncor's pension and other postretirement employee benefit plans; circumstances which may contribute to future impairment of goodwill, intangible or other long-lived assets; Oncor's adoption and deployment of artificial intelligence; financial and other restrictions under Oncor's debt agreements; Oncor's ability to generate sufficient cash flow to make interest payments on its debt instruments; and Oncor's ability to effectively execute its operational and financing strategy. Further discussion of risks and uncertainties that could cause actual results to differ materially from management's current projections, forecasts, estimates and expectations is contained in filings made by Oncor with the U.S. Securities and Exchange Commission. Specifically, Oncor makes reference to the section entitled "Risk Factors" in its annual and quarterly reports. Any forward-looking statement speaks only as of the date on which it is made, and, except as may be required by law, Oncor undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for Oncor to predict all of them; nor can it assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. As such, you should not unduly rely on such forward-looking statements. None of the website references in this press release are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document. View original content to download multimedia: SOURCE Oncor Electric Delivery Company LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-07-2025
- Climate
- Yahoo
Oncor: 'Varmint' responsible for Sunday power outage
Blame it on a "varmint." Several thousand Wichita Falls residents were without power for a while Sunday night. Oncor Customer Operations Executive Gordon Drake said the outage occurred when a "varmint" got into some equipment at a substation on Jacksboro Highway. The result was an electrical outage that started about 6:30 p.m. Sunday. Drake said about 8,117 customers were initially affected, but crews were called in, and all the power was restored to all customers by about 11:30 p.m., he said. Drake said animals are a major cause of outages. "We've had raccoons, we've had snakes. There's just a lot of varmints moving this time of year. Squirrels are a problem for us all the time," he said. "They get up on people's transformers in the alleys, and it causes a fault and we'll have an outage on five or six houses." More: Wichita Falls restaurant inspections: How did they do June 20-July 2 More: 'Everybody sees it': City Council hears about the city's growing homelessness population This article originally appeared on Wichita Falls Times Record News: Varmint' responsible for power outage
