Oncor Reports 2020 Results
- Achieves Top Quartile Reliability
- Reaffirms 2021- 2025 Capital Plan
- Maintains Strong Liquidity
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DALLAS, Feb. 25, 2021 /PRNewswire/ Oncor Electric Delivery Company LLC ( Oncor ) today reported twelve months ended December 31, 2020 net income of $713 million compared to reported twelve months ended December 31, 2019 net income of $651 million. The $62 million year-over-year increase was driven by increases in revenues contributing to earnings primarily due to increases in base transmission and distribution rate updates to reflect greater invested capital, customer growth, the impacts of the assets acquired in the May 2019 acquisition of InfraREIT, Inc. and favorable changes in other income and deductions, partially offset by the impact on revenues of unfavorable weather, increases in expenses attributable to ongoing invested capital (depreciation and amortization, property taxes and interest expense) and an
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