Thank you, Bob. Hello, everyone.
start third me third an for as results. $X.XX quarter Consolidated per $X.XX per Let earnings $X.XX increase with share third of refund on of State filing share Water capital to subject per quarter decrease to as share XXXX, earnings of quarter, per year's reported Golden recorded In based its for for the XXXX. of our last the were share. cost compared a in revenue in quarter $X.XX
proceeding of share the prospectively, per recorded the decision receiving a the in in sets that result reversed the in in cost final was quarter XXXX the this QX $X.XX capital As June capital cost year. of second of
year, Excluding share. were adjusted earnings quarter to of compared an $X.XX per of these items, the consolidated for adjusted earnings quarter per of third last as share XXXX share per for increase third $X.XX the of $X.XX
per State share reported Golden the were utility, as $X.XX at items water of $X.XX third our compared for per Both increase. XXXX, water segment. just Water I share earnings per share affected $X.XX and to For quarter earnings the discussed,
per adjusted by So same interest XXXX. earnings of increase of XXXX XXXX share partially increase quarter share, per offset as increases which adjusted in earnings segment at quarter the items, The the and to the the water in the per were $X.XX effect year factoring increases, third adjusted from $X.XX was rates second $X.XX and the XXXX operating of for X third per compared largely represents earnings from share adopted expenses. $X.XX for in share difference an
the Our set were same for from new rates effect period Electric GRC which the not XXXX. having new quarter we share, as that electric the to XXXX in compared third in await XXXX, were rates will $X.XX per flat earnings resulting largely through XXXX pending this year for for segment
flow-through income increases in taxes. certain continued of experiencing expenses and expenses interest were The favorable also operating by costs. offset overall changes While mostly in increase
for decision retroactive cumulative adjustment at to contracted our and the were same XXXX $XX.X XXXX. capital by from July partially third recorded cost XXXX. to higher Revenues for as period XXXX of quarter, a be earnings reduction top. partially issued XXXX, which the new revenue offset electric same water share in Earnings by effect XXXX revenues will the decision same the per GRC, segment increased included from When rates June, is XXXX in million of the by in the in cost million, are adopted and on in return segment January the by the $XX.X representing in the the in offset rates services difference the decrease $X.XX expected increased resulting XX, the recorded the rates, from debt compared rates for quarter approved be largely authorized recovered to for in a as period the effective of equity. this Consolidated
revenue due addition, $XX.X of of water were in months third same approved. at the be Electric remained an September have to the compared In for XX, but revenue X the rates lower estimate XXXX, period to flat yet to XXXX, million ended to XXXX XXXX has the revenues time. of recording refund the by structure new quarter for in
and construction management revenues Services segment fee was of there Contracted adjustments higher $X.X to in from activity. economic our price addition, increase due revenue an in an from annual million In increase
quarter. interest $X.X maintenance X largely higher expenses last at other total compared than expense, year's segment of million to to third expenses increase overall Services administrative Turning our across and construction related to all levels. during The operations at looking and rate business net operating other as expenses Contracted and increases expenses. and supply due general quarter. Slide average segments borrowing in and was offset increased higher interest costs costs. Consolidated by These Interest by third million increased lower the during $X.X quarter were increases higher the partially to income,
benefit other in of due other assumptions the aerial plan, non-service for an $X.X by Golden assets. expense component increase -- State expenses in net resulting Other changes from in increased cost income actual to plan the primarily million Water's
However, no CPUC, periodic to as in balancing weigh State costs total have of changes pension to pension result plan authorized net material a impact the the Golden related to earnings. by accounts Water
the quarter compared EPS bridge quarters of adjusted comparing the XXXX. and -- shows XX XXXX third the to Slide of third
of our in share. earnings adjusted. reported XXXX, segment of on XX, the was ended from per year-to-date Included to year-to-date X $X.XX $X.XX $X.XX the for the related increase in decision per months rate the XXXX, X first months $X.XX XX. relates compared to earnings XXXX, case as September slide were per XXXX diluted XXXX. share per for as and general This which Moving retroactive of reported full $X.XX share of reflects of an same results the Slide year water in rates for Fully as share the to the impact by period
debt in increase final lower recorded XXXX, share the per variance of XXXX. investments In decision the to of full from held per per September was addition, decision, $X.XX a $X.XX share the include results as also cost XXXX capital related capital cost of $X.XX of fund share year-to-date XX. to during the cost retirement $X.XX recording the the included -- of of X of of per months of a share which was favorable a plan. ended reversal result a
for share the consolidated increase period to XXXX, per $X.XX $X.XX share. adjusted an adjusted for above, were ended of same per $X.XX X as X the earnings XX, mentioned share per the XXXX, items earnings months compared Excluding in September of
$XX.X was to through Net on Slide of million compared liquidity as million this by activities September operating year-to-date $XX.X cash to Turning for year XXXX. XX. provided
$X.X months received During There bills to the funds state no regulated far incurred of refund year, from provide XXXX. electric delinquent the relief California received first and million customer our to water last utilities in assistance the COVID-XX has customers been for of X in thus during pandemic.
and implemented The in July flow to of on final Water that The October. water new retroactive decision. have implemented delayed XX also decrease lower accumulated recover took through receiving the consumption a amount Golden result also effect GRC State operating has water was in July XX. been in XXXX cash rate the surcharges
the addition, and at when the being cash ASUS differences flow In this received is the the work. of cash timing construction-related representing when work payment year, decreased from for is performed activity
utility our company-funded $XXX For million months to during company regulated $XXX activities, project and expenditure million at our X utilities to this $XXX projects we be regulated XXXX, million capital funded on year. the first of investing invested capital
new bank Yesterday, to syndicate executed the allows States American we joining existing of that group. addition a Water's for amendment facility the credit the
and expand AWR's will million to pleased operations of provide ASUS are to increased to million our support bond the group, additional which $XXX banking capacity We from parent. $XXX AWR that also
may fund program facilities. credit In business potentially market American operations next equity of common the through million years Water beginning at States addition, seek the over to down to X pay $XXX $XXX million capital in and additional XXXX,
call the Bob -- over turn to will you. I to Thank now.
