The company also reported a net income of $250 million for the three months ending Dec. 31, 2025, as compared to the $168 million during the corresponding quarter in 2024.
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Oncor Electric reported net income of $1.07 billion of the 2025 calendar year, as compared to net income of $968 million in 2024.
The Dallas-based electric utility attributed the $102 million increase to updated interim rates, customer growth, and the Texas Legislature’s establishment of a “unified tracker mechanism” that allows for the company to receive more rapid recovery of its capital expenses.
The company also reported a net income of $250 million for the three months ending Dec. 31, 2025, as compared to the $168 million during the corresponding quarter in 2024.
Rate Case
In a Feb. 26 financial presentation to investment analysts, the company noted that it has agreed to a settlement with cities and other stakeholders in a comprehensive rate proceeding, under Docket #58306. Among other stipulations, the settlement provides for an increase of $560 million over Oncor’s 2024 test year revenues. This is opposed to the company initial request of $834 million.
If approved as expected, Oncor estimates the settlement will result in an increase to residential bills of 3 percent per month based on 1,000 kilowatt hours of usage and a retail electric price of 15 cents per kWh. The PUC is expected to rule on the settlement in the coming months.
Spending
The company announced plans to spend $47.5 billion on capital projects through 2030. This exceeds the company’s previous 2025-2029 plan by approximately $11.4 billion. Spending details include:
- $6 billion for remaining Permian Basin Reliability Plan projects not included in the company’s prior five-year plan.
- $2 billion for the new transmission projects.
- $2 billion for distribution system upgrades.
The company also has identified $10 billion in additional spending “opportunities” through 2030. These incremental projects are not yet part of the company’s formalized spending plans. They include possible expenditures for high-voltage transmission line extensions, transmission upgrades, and System Resiliency Plan updates.
Regulatory Updates
Oncor plans to make its first “unified tracker mechanism” filing during the first half of 2026, after the receipt of the final order in the pending rate case described above. Authorized by the 2025 Texas Legislature with the adoption of House Bill 5247, the UTM process allows utility companies to combine existing interim rate filings into a single proceeding.
In 2026, Oncor filed 16 new Certificate of Convenience and Necessity requests for transmission projects and received authorization for 12 CCN applications. Oncor anticipates filings 18 additional CCNs in 2026, including three relating to high-voltage 765 kilovolt lines for the Permian Basin.
Interconnection Queue
- In 2025, Oncor built, rebuilt, or upgraded approximately 3,100 circuit miles of transmission and distribution lines and increased its premises count by 65,000.
- Oncor reports that transmission point-of-interconnection requests it received in 2025 increased 24 percent over those received during the previous year.
- As of Dec. 31, 2025, Oncor had 562 active generation POI requests in queue, with 48 percent of them from battery storage operators, 40 percent from solar generators, 8 percent from wind, and 4 percent from gas-fired units.
- The interconnection queue for large commercial and industrial customers included 650 requests at the end of 2025. These requests included those for 255 gigawatts from data centers and over 18 gigawatts of load from other industrial sectors. By comparison, ERCOT’s peak load last summer was 85.5 GW.