Adjusted Earnings and Adjusted EPS Presentation
Business Updates | Sempra Texas
Strong Operational Performance
• Oncor accomplishments in Q3
Connected 20,000 additional premises
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Built, re-built, and upgraded ~630 miles of T+D lines
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Improved SAIDI by 9% - representing reduced restoration time and increased reliability for customers
Constructive Regulatory Environment
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Texas completed constructive legislative session for T+D utilities
SB 1015 - Oncor filed 2nd DCRF in September; expected to reduce regulatory lag; substantially all
CapEx now recoverable through capital trackers²
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⚫ HB 2555 - Designed to improve system resiliency and reliability for customers, and allows for recovery of
necessary investments in rates; expect rulemaking to be complete in Q4-2023 with initial Oncor system
resiliency plan filing targeted Q1-2024
High Growth Potential
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Oncor is one of the largest pure-play T+D utilities in the U.S. with long-term annual premise growth of 2%
ERCOT set 10 peak demand records this summer with new all-time peak of 85 GW, representing 16%
growth since 20184
Total Permian Basin load demand projected to increase from 4.2 GW to 17.2 GW by 20325
Significant C&l growth in Oncor service territory evidenced by ~34% year-over-year increase in active
transmission point of interconnection requests
SAIDI refers to System Average Interruption Duration Index performance for the 12 months ended September 30, 2023 as compared to the same period in 2022. SAIDI is calculated
as the average number of minutes electric service is interrupted per consumer in 12 months.
Capex subject to commission review at next base rate review.
Based on T+D miles in service territory presented in company materials. Based on Oncor's average premise growth of -2% per year from 2018-2022.
ERCOT News Release September 14, 2023. All-time peak demand record of 85 GW on August 10, 2023. July 2018 peak demand was 73 GW.
2023 S&P Global Report prepared for ERCOT planning committee.
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