Oncor Reports Third Quarter 2024 Results
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Oncor Electric Delivery Company reported a decrease in net income for Q3 2024 compared to Q3 2023, primarily due to higher expenses and lower customer consumption, despite higher revenues from updated rates and customer growth.
November 06, 2024 | 1:30 pm
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Oncor, a subsidiary of Sempra Energy (SRE), reported a decrease in net income for Q3 2024 due to higher expenses and lower customer consumption, despite increased revenues.
Oncor's decreased net income is significant for Sempra Energy (SRE) as it reflects operational challenges such as higher expenses and lower customer consumption. This could negatively impact SRE's short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80