Oncor Supports GM Electric Cars with Smart Meters

As General Motors announced Texas availability of the nation’s first plug-in Chevrolet Volts, Oncor affirmed its commitment to make electric car ownership a smart transportation choice.

“From our installation of more than a million Smart Meters helping customers curb their electricity usage, to construction of 850 miles of new transmission lines delivering renewable wind power, Oncor leads utilities in making Texas the best place in America to drive plug-in cars,” said Bob Shapard, Oncor’s Chief Executive Officer.

Oncor announced Thursday it will be adding Chevy Volts to its fleet beginning in the first quarter of 2011 – to be powered by a charging station at Oncor’s new headquarters in downtown Dallas.

“Electric cars are best recharged at night, when the supply of clean wind power is most abundant,” Shapard said. “Furthermore, by 2012 more than 3 million homes and businesses in Oncor’s service area can use information from their new Smart Meters to plug in electric vehicles when greenhouse gas emissions and the cost of electricity are lowest.”

In addition to maximizing the benefits of plug-in electric vehicles, Oncor is committed to helping Texans save through new technology and infrastructure. “For 7 million people, information from new Smart Meters is expected to help them reduce their usage five to ten percent,” Shapard said. “Additionally, as Oncor completes the biggest part of new transmission lines delivering wind power from Competitive Renewable Energy Zones to the rest of the state, our environment and our economy will be healthier.”

Oncor Electric Delivery Company LLC (“Oncor”) is a regulated electricity distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor operates the largest distribution and transmission system in Texas, delivering power to more than 3 million homes and businesses and operating approximately 117,000 miles of transmission and distribution lines in Texas. While Oncor is owned by a limited number of investors (including majority owner, Energy Future Holdings Corp.), Oncor is managed by its Board of Directors, which is comprised of a majority of independent directors.