ONCOR REPORTS 2024 RESULTS; ANNOUNCES $36 BILLION 2025-2029 CAPITAL PLAN
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Oncor Electric Delivery Company reported a net income increase to $968 million for 2024, driven by higher revenues from updated rates and customer growth. They also announced a $36 billion capital plan for 2025-2029.
February 25, 2025 | 1:15 pm
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Oncor, partially owned by Sempra Energy (SRE), reported a significant increase in net income for 2024 and announced a substantial capital plan for the coming years.
Oncor's improved financial performance and ambitious capital plan are likely to positively impact Sempra Energy, given its ownership stake in Oncor. The increase in net income and future investments suggest potential growth and stability, which could be beneficial for SRE's stock price.
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IMPORTANCE 70
RELEVANCE 80