---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-202302"
form_type: "8-K"
ticker: null
cik: "0001193311"
company_name: "ONCOR ELECTRIC DELIVERY CO LLC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:18:37.568459+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Oncor Q2 net income falls to $200M; borrows $135M under AR facility; capex raised to $3.6B

## Summary
- Q2 net income $200M vs $229M YoY; YTD net income $303M vs $423M, including $55M rate base write-off.
- Revenue $1,343M Q2 (+4% YoY); distribution base revenue up 2.3% (7.5% weather-normalized).
- Borrowed $135M under AR Facility on July 28; total $460M outstanding. AR Facility limit $500M.
- 2023 capex budget increased to $3.6B from $3.4B due to growth and cost inflation.
- Texas enacted SB 1015/1016/HB 2555 reducing regulatory lag and improving cost recovery.

## SEC filing metadata
- accession: 0001193125-23-202302
- form_type: 8-K
- cik: 0001193311
- company_name: ONCOR ELECTRIC DELIVERY CO LLC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 2.03, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1193311/000119312523202302/0001193125-23-202302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1193311/000119312523202302/d523297d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-202302
- JSON: https://secwatch.observer/filing/0001193125-23-202302.json
- Plain text: https://secwatch.observer/filing/0001193125-23-202302.txt

## Key facts
- Debt Financings
  ONCOR ELECTRIC DELIVERY CO LLC incurred revolving credit of $135 million aggregate principal amount was borrowed under the AR Facility with MUFG Bank, Ltd. at SOFR calculated based on term SOFR for a one-month interest period, plus 0.10% maturing April 28, 2026.
  - Instrument: revolving credit
  - Principal: $135 million aggregate principal amount was borrowed under the AR Facility
  - Counterparty: MUFG Bank, Ltd.
  - Rate: SOFR calculated based on term SOFR for a one-month interest period, plus 0.10%
  - Maturity: April 28, 2026
  - Event: incurrence
  source text: On July 28, 2023, $135 million aggregate principal amount was borrowed under the AR Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1193311/000119312523202302/0001193125-23-202302-index.htm
- Earnings Releases
  ONCOR ELECTRIC DELIVERY CO LLC reported financial results for three and six months ended June 30, 2023.
  - Period: three and six months ended June 30, 2023
  - Result: reported results
  source text: Oncor Electric Delivery Company LLC (“Oncor”) issued a press release discussing its financial results for the three and six months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1193311/000119312523202302/0001193125-23-202302-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.