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Who owns Oncor in Texas?

Published in Electric Utility Ownership 2 mins read

Oncor, the largest electricity transmission and distribution company in Texas, is owned by two primary investors: Sempra and Texas Transmission Investment LLC.

Understanding Oncor's Ownership Structure

While Oncor operates independently and is managed by its own Board of Directors, its ownership is structured between two significant entities. This dual ownership ensures a broad base of investment while maintaining a focus on delivering reliable electricity services across its vast service territory.

Sempra: The Indirect Majority Owner

Sempra holds the position as the indirect majority owner of Oncor. Sempra is a leading energy infrastructure company based in San Diego, California, with significant investments in North American energy networks. Their stake in Oncor reflects their strategic interest in regulated electric utilities and their commitment to the energy transition.

Texas Transmission Investment LLC: The Minority Shareholder

The remaining minority stake in Oncor is held by Texas Transmission Investment LLC. This entity represents a consortium of investors, contributing to the diverse ownership profile of Oncor. Their investment signifies confidence in Oncor's operational stability and its crucial role within the Texas energy market.

How Oncor is Managed

It's important to distinguish between ownership and management. While the investors own Oncor, the day-to-day operations and strategic decisions are overseen by its Board of Directors. The Board is composed primarily of disinterested directors, ensuring that Oncor's management decisions prioritize the utility's performance and the interests of its customers and stakeholders. This structure aims to maintain operational independence and focus on the company's core mission of delivering safe, reliable, and affordable electricity.

Oncor Ownership Overview

Owner Type of Stake
Sempra Indirect Majority Owner
Texas Transmission Investment LLC Minority Owner

Oncor continues to be a vital part of the Texas energy landscape, operating and maintaining an extensive electric delivery system that serves millions of customers across the state. For more information about Oncor and its operations, you can visit their official website at www.oncor.com.