Oncor Electric Delivery Company · Dallas, TX United States
Company Description
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This link will open in a new window Oncor Electric Delivery (formerly TXU Electric Delivery) serves miles and miles of Texas' vast energy market. The company operates the regulated power assets of parent Energy Future Holdings (formerly TXU), which include more than 117,000 miles of transmission and distribution lines serving more than 370 cities and 92 counties situated in the eastern, north-central, and western portions of the state. The company provides power to about 3 million homes and businesses. Oncor Electric Delivery maintains streetlights in its service territory. The utility provides services to competitive retail electric providers.
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Key Oncor Electric Delivery Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $2,580.0 |
| Employees | 3,600 |
Oncor Electric Delivery Company Executives
27 executives listed for Oncor Electric Delivery Company's Dallas, TX location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Robert Shapard | Network |
| President and COO | Rob Trimble | Network |
| VP and CFO | David Davis | Network |
Competition
Competitive Landscape for Oncor Electric Delivery Company
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Oncor Electric Delivery Company Competitors
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