ONCOR ELECTRIC DELIVERY CO LLC: debt financing — Oncor reports 2024 net income $968M, announces $36.1B 5-year capital plan

ONCOR ELECTRIC DELIVERY CO LLC

Net income $968M in 2024, up $104M YoY; driven by higher revenues from interim rate updates, customer growth, and transmission billing.
New five-year capital plan of $36.1B for 2025-2029, up ~$12B from prior plan; includes $7.1B for 2025.
Entered into $2B revolving credit facility maturing 2030 and $1B facility maturing 2028; funds for general corporate purposes.
Record 976 active transmission POI requests (up 28% YoY); LC&I load queue exceeds 137 GW.
PUCT approved System Resiliency Plan with $2.9B capex; Oncor plans base rate review later 2025.

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Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ONCOR ELECTRIC DELIVERY CO LLC incurred revolving credit of $2.0 billion with JPMorgan Chase Bank, N.A., as administrative agent and swingline lender at term SOFR plus an adjustment of 0.10%, plus an applicable margin of between 0.75 maturing February 20, 2030.

Instrument: revolving credit
Principal: $2.0 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and swingline lender
Rate: term SOFR plus an adjustment of 0.10%, plus an applicable margin of between 0.75
Maturity: February 20, 2030
Event: incurrence

Exact text from the filing

The $2B Credit Facility provides for an unsecured revolving credit facility in an aggregate principal amount of up to $2.0 billion and a maturity date of February 20, 2030.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ONCOR ELECTRIC DELIVERY CO LLC incurred revolving credit of $1.0 billion with Wells Fargo Bank, National Association, as administrative agent and swingline lender at term SOFR plus the SOFR Adjustment, plus an applicable margin of between 0.750% maturing February 20, 2028.

Instrument: revolving credit
Principal: $1.0 billion
Counterparty: Wells Fargo Bank, National Association, as administrative agent and swingline lender
Rate: term SOFR plus the SOFR Adjustment, plus an applicable margin of between 0.750%
Maturity: February 20, 2028
Event: incurrence

Exact text from the filing

The $1B Credit Facility provides for an unsecured revolving credit facility in an aggregate principal amount of up to $1.0 billion and a maturity date of February 20, 2028.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-25-034320

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