DALLAS, Aug. 3, 2023 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended June 30, 2023 net income of $200 million compared to net income of $229 million in the three months ended June 30, 2022. This $29 million decrease was driven by lower revenues from decreased customer consumption attributable primarily to milder weather in the quarter, lower revenues from the transmission component of new base rates, higher costs associated with additional investments (primarily depreciation and borrowing costs) and higher operation and maintenance expense, partially offset by higher revenues from the distribution component of new base rates, higher revenues from updates to transmission billing factors, and higher revenues from customer growth. The new base rates went into effect on May 1, 2023 and implemented the terms of the final order issued by the Public Utility Commission of Texas ("PUCT") in Oncor's comprehensive base rate review ("PUCT Docket No. 53601").