Headquartered in Dallas,
Oncor Electric Delivery Company LLC is a regulated electricity distribution and
transmission business that uses superior asset management skills to provide
reliable electricity delivery to consumers. Oncor operates the largest
distribution and transmission system in Texas, delivering power to more than
3.5 million homes and businesses and operating more than 134,000 miles of
transmission and distribution lines in Texas. While Oncor is owned by two investors, including majority owner, Sempra Energy (NYSE:SRE), Oncor is managed
by its Board of Directors, which is comprised of a majority of disinterested
directors.
Pursuant to commitments made to the Public Utility Commission of Texas, Oncor and its majority equity investor, Sempra Energy, have implemented certain structural and operational "ring-fencing" measures that are intended to further separate Oncor from Sempra Energy. and certain of its other subsidiaries. See Oncor's most recent Annual Report on Form 10-K for more information regarding these "ring-fencing" measures.
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