Oncor has 200 GW of interconnection requests, company officials say

AI generated summary

Oncor Electric Delivery currently has approximately 200 GW of interconnection requests, which include significant contributions from data centers, traditional commercial and industrial customers, cryptocurrency facilities, and oil and gas operations. CEO Allen Nye indicated that around 20% of this demand has either signed contracts or is classified as 'high-confidence load.' This surge in interconnection requests could lead Oncor to revise its capital plan, potentially adding over $12 billion to its existing $36 billion plan.

Sempra's strategy to focus more on utility operations, driven by the increasing electric demand in Oncor's service area, is expected to enhance earnings and mitigate risks for investors. The company is also in the process of selling stakes in its Ecogas Mexico and Sempra Infrastructure, which are anticipated to close by mid-2026. These sales aim to bolster Oncor's expansion efforts, with Sempra expecting a greater share of its earnings to come from regulated utilities, particularly in Texas, as Oncor continues to grow its customer base and interconnection agreements.