Atlanta, GA (May 10, 2012) Oncor selected PowerPlan’s PowerTax Provision Solution to meet their growing tax management needs. PowerPlan’s Provision system will help Oncor decrease their monthly close time window and reduce accounting risk.
Oncor is a regulated electric distribution and transmission business that provides reliable electricity delivery to consumers. Oncor operates the largest distribution and transmission system in Texas. They deliver power to approximately 3 million homes and businesses and operate approximately 117,000 miles of distribution and transmission 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.
About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email firstname.lastname@example.org or visit www.powerplan.com.
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