Oncor Electric Delivery Company

What Oncor Electric Delivery Company does

Oncor Electric Delivery Company is the largest regulated electricity transmission and distribution utility in Texas, operating 145,000+ miles of T&D lines across 98 counties and 400+ communities to serve more than 4.1 million homes and businesses, representing approximately 14 million Texas residents. Founded in 1912 and headquartered in Dallas, the company is a private LLC majority-owned by Sempra Energy (~80.25% stake) with Texas Transmission Investment LLC as the minority owner. The company operates within the ERCOT grid system under PUCT regulatory oversight and is managed by its Board of Directors with structural ring-fencing measures from Sempra.

Oncor's core technology platform combines physical transmission and distribution infrastructure with a smart grid overlay, including self-healing distribution automation, advanced metering services (smart meters collecting 15-minute interval data via the Smart Meter Texas portal), predictive analytics for proactive equipment and storm management, drone inspection across 145,000+ miles of lines, and emerging 765-kV/345-kV extra-high-voltage substations to serve hyperscale data center load. The company offers multiple digital portals — New Construction, CRIP (for retail electric providers), ABC (for brokers/consultants), EEPM (for energy efficiency contractors), and Powered by Oncor — supported by the MyOncor mobile app.

Oncor generates revenue through regulated transmission and distribution tariffs approved by the Public Utility Commission of Texas, with recent drivers including the Unified Tracker Mechanism, the System Resiliency Plan, interim rates, and customer growth. The business model is capital-intensive and rate-base driven: the company recently announced a $47.5 billion five-year base capital plan for 2026-2030 (a $11.4 billion increase from the prior plan) with a 2026 capex budget of $9.0 billion (up 25% from 2025), supported by a PUCT-approved $560 million annualized base rate increase effective June 1, 2026. Net income reached $1.07 billion in 2025 (up from $968M in 2024), with Q1 2026 net income of $212M (up 17% YoY), reflecting strong tailwinds from Texas load growth driven by hyperscale data centers, AI infrastructure, and industrial expansion.

Name

Oncor Electric Delivery Company

Legal name

Oncor Electric Delivery Company LLC

Website

https://oncor.com

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Oncor Electric Delivery Company is the largest regulated electricity transmission and distribution utility in Texas, operating 145,000+ miles of lines to serve more than 4.1 million homes and businesses across 98 counties. It is privately held and majority-owned by Sempra Energy.

Ownership category

akta.pro rank

Product category

Electricity Transmission and Distribution Utilities

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)

Keywords

• Electricity transmission services
• Electricity distribution services
• Smart grid solutions
• Utility network operations
• Energy delivery infrastructure

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Transmission and Distribution Services: Oncor generates revenue through regulated transmission and distribution of electricity. Revenue is driven by the Unified Tracker Mechanism, System Resiliency Plan, updated interim rates, and customer growth. The Public Utility Commission of Texas approves base rate increases (e.g., $560 million annualized revenue increase effective June 1, 2026).
2. Tariff-Based Revenue: Revenue from tariff schedules regulated by PUCT. The company provides full transparency about pricing with various rates and schedules including applicable riders for different customer classes.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Oncor is a regulated electricity transmission and distribution (T&D) utility that owns and operates 145,000+ miles of power lines serving 4.1 million+ homes and businesses across 98 Texas counties. The company delivers power from generators to retail electric providers through transmission infrastructure, substations, a self-healing smart grid, advanced metering, and customer-facing service portals, and also provides distributed generation interconnection, new construction services, and energy efficiency programs.

Product overview

Oncor Electric Delivery Company is a regulated electricity transmission and distribution utility operating the largest T&D system in Texas, serving over 4.1 million homes and businesses across 145,000+ circuit miles. The company offers a unified platform combining physical electricity infrastructure with digital services including smart meters (via Smart Meter Texas), the self-healing smart grid, and multiple customer-facing portals (New Construction Portal, CRIP for retailers, ABC for brokers, EEPM for energy efficiency contractors, and Powered by Oncor for business customers). Supporting services include Take A Load Off Texas energy efficiency programs, distributed generation interconnection, outage management, and the MyOncor mobile app. The company is owned by Sempra (80.25%) and Texas Transmission Investment LLC, managed by its Board of Directors.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Transmission and Distribution Services Regulated transmission and distribution of electricity across 145,000+ miles of lines to 4.1 million+ homes and businesses in 98 Texas counties, delivered through transmission infrastructure, substations, distribution circuits, and metering, with revenue set by PUCT-approved tariffs.
• Smart Meter Texas Collaborative smart meter data platform endorsed by the Public Utility Commission of Texas, allowing residential and business customers, retail electric providers, and authorized third parties to access daily, monthly, and 15-minute interval energy usage data.
• New Construction Portal Online portal for residential, commercial, and industrial customers and developers to request new electric service for construction projects, track project status, and manage documentation across Oncor's Texas service area.
• Competitive Retailer Information Portal (CRIP) Secure web portal for retail electric providers operating in Texas to access ESI ID lookup, historical usage data, safety net requests, operational reports, and tampering information.
• Aggregator, Broker and Consultant (ABC) Portal Web portal for aggregators, brokers, and consultants to access customer historical energy usage data to support provider selection and consulting engagements.
• Energy Efficiency Program Manager (EEPM) Portal Web portal for energy efficiency contractors to manage residential and commercial energy efficiency program applications, submit projects, and track participation in Oncor-administered programs.
• Powered by Oncor Portal Self-service online portal for Oncor business customers to access premise-level information, billing cycle consumption, usage history, work requests, and account details.
• Take A Load Off Texas Energy Efficiency Programs Energy efficiency and demand-reduction program offering incentives for insulation, ENERGY STAR appliances, LED lighting, and rooftop solar to residential and commercial customers across Oncor's Texas service territory.
• Distributed Generation Interconnection Services Interconnection service for distributed energy resources (rooftop solar, battery storage, and other DER systems) up to 10 MW and below 60 kV, enabling residential and commercial customers to safely connect on-site generation to Oncor's distribution grid.
• Outage Management System Real-time outage tracking and reporting system with 10-minute update intervals, delivered through an online outage map and integrated with the MyOncor mobile app and text alerts to inform residential and business customers of outage and restoration status.
• MyOncor Mobile App Mobile app for iOS and Android that delivers proactive power outage notifications, outage status lookups, and issue reporting for residential and business customers on Oncor's grid.

Quantifiable outcome

• Net income increased 17% to $212M in Q1 2026 from $181M in Q1 2025
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• HyProMag USAminorStrategic or Co-development Partner · 22 June 2026HyProMag USA is engaging with Oncor for renewable power supply for its rare earth magnet recycling and manufacturing facility (Ironhead Texas Hub) in the Dallas-Fort Worth area, targeting H2 2027 commissioning.
• ERCOT (Electric Reliability Council of Texas)coreTechnology or Integration · 10 June 2026Oncor operates within ERCOT's grid management system. ERCOT endorsed high-voltage transmission projects serving southern Dallas-Fort Worth area and I-35 corridor, with over $7 billion in new investment required. Oncor expects to construct the vast majority of these projects.
• Tesla EnergyminorStrategic or Co-development Partner · 12 February 2026Oncor serves as utility partner for Tesla's Powershare Grid Support Program, enabling Cybertruck owners in select Texas markets to earn credits by sending power back to the electrical grid during high-demand events. The program leverages Tesla's Virtual Power Plant infrastructure.
• Veterans In Business NetworkminorStrategic or Co-development PartnerPartner organization supporting veteran-owned businesses in the supply chain.
• Women's Business Enterprise National Council (WBENC)minorStrategic or Co-development PartnerPartner organization supporting women-owned businesses through certification and development programs.
• National Minority Supplier Development Council (NMSDC)minorStrategic or Co-development PartnerPartner organization supporting minority-owned businesses in the supply chain.
• Edison Electric InstituteminorStrategic or Co-development PartnerIndustry association partnership for electricity industry collaboration and standards.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• CenterPoint Energy: Houston-based regulated T&D utility and Oncor's closest direct peer in Texas. Operates a wires-only T&D model in a similarly regulated PUCT framework, with overlapping exposure to ERCOT and the same hyperscale/data center demand story.

Broad incumbents

• American Electric Power (AEP): One of the largest U.S. investor-owned T&D utilities, operating regulated transmission across 11 states. Comparable as a high-voltage transmission builder with multi-state rate base growth and significant capex programs serving data center demand.
• Duke Energy: Large regulated electric T&D utility serving the Carolinas, Florida, and Midwest. Comparable as a wires-focused regulated utility with major data center load growth, similar regulator-driven capex recovery mechanics, and a multi-year capital plan.
• Southern Company: Regulated electric utility holding company with large T&D operations across the Southeast. Comparable for its regulated rate base, large multi-year capex, and exposure to data center / industrial load growth in Atlanta and other metros.
• Dominion Energy: Large regulated electric T&D utility with significant data center exposure in Virginia. Comparable for its wires-only focus in high-growth load pockets, multi-billion capex programs, and reliance on state regulatory cost recovery.
• Xcel Energy: Multi-state regulated electric and gas utility with significant T&D operations across the central U.S. Comparable as a wires operator with substantial data center demand, large capex, and regulatory tracker mechanisms for cost recovery.
• NextEra Energy: Largest U.S. renewable generator and parent of Florida Power & Light, a regulated T&D utility. Comparable for its scale, regulator-driven capex programs, and exposure to data center / industrial load growth, though its business mix is more generation-heavy.
• Pacific Gas & Electric (PG&E): California's largest regulated electric T&D utility. Comparable as a wires-only operator with an extensive service territory, multi-billion capex, and similar reliance on state regulatory rate cases, though with materially different regulatory/credit risk.
• Consolidated Edison: New York-based regulated electric, gas, and steam T&D utility. Comparable for its wires-only regulated business model, dense service territory, large capex programs, and dependence on state regulatory recovery.
• Public Service Enterprise Group (PSEG): New Jersey-based regulated T&D utility. Comparable as a pure-play regulated wires operator with material data center exposure in the Northeast, multi-year capex, and state regulatory cost-recovery dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/oncor
• YouTubeyoutube.com/oncor
• Facebookfacebook.com/oncor
• LinkedInlinkedin.com/company/oncor-electric-delivery
• Instagraminstagram.com/oncordelivers

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oncor Electric Delivery Company