Hunton Andrews Kurth Advises on Oncor Electric Delivery Company LLC’s $800 Million Senior Secured Notes Offering, Including $400 Million Green Bonds

Hunton Andrews Kurth LLP advised the initial purchasers in connection with the sale by Oncor Electric Delivery Company LLC (“Oncor”) of $400 million aggregate principal amount of its 4.15% Senior Secured Notes due 2032 (the “Green Notes”) and $400 million aggregate principal amount of its 4.60% Senior Secured Notes due 2052, in a private placement, with registration rights, under Rule 144A and Regulation S under the Securities Act of 1933, as amended, to eligible purchasers. Oncor intends to use the net proceeds of the Green Notes to finance and/or refinance, in whole or in part, investments in or expenditures on one or more new and/or existing eligible green projects, which are certain projects related to renewable energy and energy efficiency.

Oncor is a regulated electricity transmission and distribution company that provides electricity to end-use customers through their electrical systems, as well as providing transmission grid connections to merchant generation facilities and interconnections to other transmission grids in Texas. Oncor operates the largest transmission and distribution system in Texas, delivering electricity to more than 3.8 million homes and businesses and operating more than 140,000 miles of transmission and distribution lines.

The Hunton Andrews Kurth team included Michael F. Fitzpatrick, Adam R. O’Brian, Patrick C. Jamieson and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice.