Oncor Electric Delivery Company LLC ("Oncor") is a regulated electricity supply and transmission business that uses greater asset management skills to offer reliable electricity delivery to consumers. Oncor controls the largest circulation and transmission system in Texas, delivering power to approximately 3 million homes and businesses and operating approximately 117,000 miles of transmission and distribution lines in Texas. At the same time Oncor is owned by a limited number of investors (including majority owner, Energy Future Holdings Corp.), Oncor is administered by its Board of Directors, which is comprised of a majority of independent directors.
Oncor enthusiastically supports the announcement that was done on 21st of October by Edison Electric Institute, the national trade association for electric utilities, to speed up the full-scale commercialization of electric vehicles and make electricity a vital transportation fuel. EEI Chairman Tony Earley, Ford Motor Company Chairman Bill Ford, and Michigan Gov. Jennifer Granholm made the joint announcement at the"Business of Plugging In" conference in Detroit.
"Oncor embraces and endorses this industry pledge to go forward with speed and sincerity towards the nation's goal of putting one million electric vehicles on the road by 2015," said Bob Shapard, Oncor Chairman and Chief Executive. "Oncor has already stated laying the groundwork for manufacturing plug-in electric transportation reality, not a vision. The most significant element in the success of plug-in vehicles is the advanced meter, and Oncor is a chief in the nation in bringing this technology to everyone it serves."
Oncor is behind the introduction of dynamic pricing that will encourage the progress of a Texas-based electric vehicle industry. In addition, Oncor's investment in new transmission lines to move wind power from West Texas to more-populated regions in Texas will make clean, renewable energy available at night to charge electric vehicles, a dynamic mixture equivalent to the development of the microchip in the technology industry.
"Electric vehicles powered by pure, renewable energy produced at night when electric load is light makes good economic and environmental sense," said Shapard. "Texas has all the essential elements in place - an emerging smart meter system that enable electricity retailers to offer real-time pricing, abundant, accessible wind power resources, and an environment that encourages innovation and creativity."