Sempra
Sempra's Oncor to Use New Unified Tracker Mechanism in Texas
Summary
On June 20, 2025, Texas House Bill 5247 was signed into law, establishing the unified tracker mechanism (UTM) for qualifying electric utilities to apply for interim rate adjustments once annually. Oncor Electric Delivery Company LLC (Oncor), in which Sempra holds an 80.25% interest, expects to qualify and use the UTM. This change is anticipated to improve Oncor's earnings, cash flows, and credit metrics, with an expected increase in earned annual returns on equity by approximately 50 to 100 basis points. Sempra expects this to fall within its previously announced 2025 and 2026 EPS guidance ranges.
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About Sempra
Sempra is a diversified energy services company primarily engaged in the generation, transmission, and distribution of electricity and natural gas. As a key player in the energy sector, Sempra operates through several key subsidiaries, focusing on different aspects of utility services and renewable energy solutions. The company serves millions of consumers across North America, emphasizing sustainable practices and the integration of renewable energy sources into its grid. Its investments in liquefied natural gas (LNG) exports and infrastructure position Sempra as a significant contributor to global energy markets. By balancing traditional energy production with innovative, sustainable solutions, Sempra plays a critical role in meeting the growing energy demands while aligning with global decarbonization efforts. Its strategic initiatives aim to provide reliable energy solutions while supporting economic growth and environmental stewardship in its service areas.
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