second, forward everyone. third, on and Thank Slide to first model; X-year on with quarter first, covering X quarterly against looking update our you, morning, topics Patti, execution walk an with results; financing and our process.
Starting you: our regulatory affordable our continued our simple, good here fourth, plan; I'm Today, our XX.
of rate customer are $X.XX fourth core driven first is XXXX.
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meet benefit a flexibility this resources but give for into drivers it As redeploy increased were the savings of on $X.XX customers. counting $X.XX acid system such as increase include our said inspections to transmission offset us and by O&M fund we the reminder, we to of to our earnings that electric more not does reinvested nonfuel Other business mapping. more work, guidance back
in duration that's risk we've quarter, on our years, from on estimate our our estimate under progress us, Based revised we provide including the this for established for previous all XX system, fund wildfire the data reducing the of wildfire up the coverage physical XXXX. XX to of years. available achieved will the AB fund Also
of how intended. is as AB XXXX working example Another
guidance. no or rate Turning to Slide to XX. our There are changes base CapEx
plan investment of authorized in we pull we most for plan it with in XX% to out $XX keep been our and includes in and $X the still once both our has balance customer years, that X-year rate mind make than the given next cycle, recovery to affordable higher continue authorized our over pursue cost XXXX.
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support our to capital we $XXX metering replacement XXXX. nearly associated requirement example, XXXX an last As for last addition support from request filed capital seeking gas our in month, through costs headquarters requirement to late with to for application That's moving Oakland. Francisco to an year million San in the from the program filed revenue revenue additions
Again, Here our XX. shared on with you no from year-end Slide what on changes call. we
year $X the prior catch-up recoveries XXXX billion grew This XXXX from both Our reflects rate increase flow substantially revenue interim billion GRC operating revenues year. of cash as our of including last and collection relief. to our work, as $X GRC this well
customers. Our period, reflecting operating behalf capital flow of plan through to investment continues our the rise cash on growing
In XXXX forecasting flow from operating XXXX. cash we're billion total, in $XX through
investment. our Slide $XX as support pleased are plan we to the billion our X-year financing XX. capital share to $XX With starting billion of to point, Turning
As Patti we're minority further showing mentioned, the strengthen financing here. interest not what Gen proposed plan which our sale, would does include Pac
highlights. for Now the
to First, plan grow we next over years. the X our dividend
consider dividend front in the commitment the slowly investment Given capital plan, our near later the year, benefiting of nearly generated growing this equity. payout years. customer of a end at the more with annual billion meantime, internally up more we in we the we prioritize valuable retained term, of to the source stepping this from quickly our $X.X earnings are In anticipate and
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firm. no XXXX Importantly, in remains new to our commitment equity
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Our in the build areas designed X-year on progress focus to balance financing sheet. plan laser and the reflect made on improving is these of all we've our
cash And a as from cash flow including including This our goal continued to supports operating period. in $X $X for our flow reminder, FFO in planned mid-teens metrics, growth XXXX $X XXXX growing operating increased billion billion billion debt. through the with to credit
in bundling, Slide here example dollars we of customers build investment of more just over X% that we I'll deliver at every while as million. generate our we opportunities one net $XXX wealth of you realized keeping the year just gains the cost on also mega in see is PG&E shown more for discussed affordable X% here which We to execute range. to growth Patti XXXX, remind on simple, as model, XX. new our
Moving to Slide XX.
Our continues. policymakers with progress working
we of safety which decisions, of the process. X, Just $XXX cost flow. accelerate our the rate well together, amount in regulatory while typical a cash application constructive CPUC saw million, of over interim $X during through gas release March, wildfire the number On moves and approved billion March
cost customer operated return regulatory it approved a on established trust of our mechanism delay for strong issued by XXXX, Next, offers the commission's The the as on capital our to our contributions petition formulae on March rate for for intended, of the denying XX, mechanism modification to as joint neutral filed commission the to payers XXXX. XX, finally, decision Executive decision adjustment finds the part March proposed million suspend And support credit the $XXX great also equity. of request Director securitization. until proposed that
some bill continue In is beneficial terms clear we lower It Gen, customers. accelerating return transaction our grade while bringing transition. them of making has which a partner highly believe this to to before Pac assets, in key investment and these California's additional to to take for time to potential appreciate commission final wanted a are We'd the to invest from energy decision. time
benefits have customers. Senate plan our a potential Looking series stages. ahead, to of Bill XXX as you XX upside to has legislature constructive move our know, This including continue measures, and which add the passed California to the through legislation, and implementation important to the regulatory
our we're GRC. what XXX, SB Phase phase our general X for the calling would to Regarding of rate in scheduled support This case, our incremental this was CapEx quarter. which authorize now proposed energization to later decision capacity in is approved
when XX-year CPUC XXX plans. prepared year our safety SB guidelines on to under-grounding the accept this Regarding is file resolution our approved approving X, establishing for commission regulator We March of remain submission. our plans to ready later under-grounding
investors. reminder Growing delivering investment a great at XXXX growth at ratings execution momentum our XXXX at least with X and base share model, opportunities, our $X the incremental X through simple earnings XXXX, XX% XX, Moody's investment customers and XXXX. with billion of on now credit you, value here per Slide in core agencies, and X% our positive below growth and through with least of Fitch in both consistent affordable I'll of X.X% just outlook least grade end notch continued and for our around proposition:
back With I'll that, Patti. it hand to
