Oncor to increase capital plan by USD12 billion

Oncor Electric Delivery Company, a subsidiary of Sempra Energy, has announced a significant USD 12 billion increase to its five-year capital plan. This expansion is driven by a surge in interconnection requests, totaling 200 GW, highlighting the growing demand for electricity transmission infrastructure in the US. The investment aims to bolster Oncor's capacity to accommodate this demand and maintain reliable service to its 3.8 million customers. This development underscores the critical role of regulated utilities in supporting the energy transition and accommodating increasing power generation capacity. The deal is notable for its substantial size and the involvement of Sempra Energy, a major player in the North American energy market. The USD 12 billion investment signals a strong commitment to upgrading and expanding transmission infrastructure. This development will likely have a ripple effect, stimulating economic activity in the region and potentially influencing other utilities to follow suit in addressing interconnection challenges. The deal's focus on transmission capacity is crucial for integrating renewable energy sources and ensuring grid stability.