The Oncor Energy Delivery - Electric chart shows a map of the transmission lines and electric service area in Texas. Oncor's electric delivery business is fully regulated in a growing and diverse service area with a reasonable regulatory environment. The system has 14,000 electric transmission line miles and 96,800 electric distribution line miles and delivers over 100 terawatt-hours annually to 2.9 million points of delivery. Growth drivers are its regulated rate base and projected energy growth of 3.5%.
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We continue our traditional commitment to the economic development of our service area. Even in a slower national economy, Oncor last year helped locate 36 new businesses to the service area, generating 2,500 new jobs and $5 million in additional Oncor revenue. A number of additional businesses have announced moves to the area, which will increase the total job creation to 11,000 and total new revenue to $16 million. Site Selection magazine has repeatedly honored Oncor’s team with its “Outstanding Development Organization” award.

Throughout our operations, we have made the safety of employees and the public a priority. In an industry first, meter readers reached one million safe work-hours in 2002. Oncor’s measurement services reached a milestone unequaled by any similar organization, achieving two million work-hours with zero lost-time injuries. For the third time in four years, gas operations employees completed one million safe work-hours in March 2002.

Oncor continues to be recognized as a leading provider of energy and delivery services. Each year, we participate in PA Consulting’s nationwide benchmarking study, which focuses on electric transmission and distribution activities at large investor-owned utilities. The latest results place Oncor in the top quartile in cost efficiency, reliability, and employee safety.