you thank everyone, morning, Good Joanne. for and today. joining you, Thank us
very and to for the fourth report pleased are results the quarter We year-end XXXX.
earnings an release, Water. you see As XXXX our year for Global exceptional by was can
wanted during few Before managed our we with And Arizona water customers. I from highlights, discussing our the accomplishments for normal broke briefly year. all operational combined heat summer. last and of in We when growth, pump summarize delivered records a wave to record-setting a to
done was this reliability Importantly, any safety or issues. without
of of We our infrastructure Southwest amounts infrastructure Recession. mothballed This in water that to portions prior recommissioned sufficient of recommissioning since Maricopa. portion infrastructure and a remaining to established. service wastewater been when are be operations plant to constructed southwest commenced put of the Plant and of serve new our the area City this development and into had flows wastewater being Great water And the significant will
purchase our The We accounts, was the total additional investment million. and this largest completed Great from $XX.X done approximately since full our acquisition investment. of for integration of ownership and benefiting who By our are before all this customers, already seamlessly the utility is value Recession.
a to first-ever our Subsequent previously with Staff. We filed environmental, social process, Utilities utilities ACC and we the governance year-end District to Pima Division entered proposal report. and consolidate We a County. agreement our in positive with all Saguaro case released after rate settlement acquired the into collaborative
prior. up XX,XXX XX operational service normal to Shifting now end months X.X% that of increased the to as from our highlights. XX,XXX include total year, active connections Those of
utilities in in and annualized of was Excluding Water February into infrastructure reliable 'XX, service. invested to growth of improvements Year-to-date, Co. existing we've acquisition $XX.X safe provide Farmers million rate X.X%. the the
compliance our And finally, records. ongoing safety and are with we very mandate, of safety top our compliance and being proud
compliance significant XXXX continuing preventable and prior. reportable streaks from our we had and OSHA quarter, no X the For events events,
event. years gone And and means X reportable In have over this years months significant since X surpassed X OSHA last compliance we've our event. we months preventable now a now fact, X and without
team to Water thank I wonderful pause, and highlight such at here update that to Global me provide allows with for want [ performance their So ]. that, the throughout continued XXXX exceptional
to going utilities. on what's organic going in discuss development our local service growth customer our further national housing the I'm activity Despite and Now and and core metro-Phoenix does and continue slowdown, in areas.
we XXXX. did was this building XXXX, permits in permits. permits. building XX% strong, In realized single-family metro-Phoenix reduction XXXX, home In a nearly stayed But XX,XXX experience single-family still permits and single-family XX,XXX over
permits than an the However, is increase recover. permits as the was higher in market second X,XXX the XX% continues half to of of of second issued This XX,XXX the XXXX. XXXX half
location In to the compared XXXX. X,XXX it's issued Maricopa, XXXX. permits XXX Maricopa story. similar of a in the This for was utilities, City of largest our permits
as only This is an improvement well. permits second of local and that during there half issued XXX XXX recovers market were the as XXXX. the However, there new are in permits but XXXX, accelerates half second issued XXX% of of
immigration to With multifamily economy commercial in Arizona continues more net live, with number of record areas, pace constructed and people the at housing, of the a City places units That play. booming requires why in multifamily that continue high service projects that accelerate is realize housing, extremely our recreational and large-scale Maricopa. being and in metro-Phoenix on and and more to said for to work
investment in XXXX time Additionally, economic an was year Arizona for the manufacturing that And from also XXXX. all Previously, boom single was the industrial perspective. development industrial continues. best eclipsed
where including new the all of Because areas acquired see of progress Gamble and return on facility industrial and we addition Arizona, of the to commercial, large-scale land. Corp. industrial growth permitting in years excellent projects, organic & continue continue strong where service for located growth. on Nikola to considerable will the construction Motor Inland housing this, we Port multifamily engineering, these to make the in come, housing that to and Procter of believe trends, we Based is
that our and elements aging realize can year of and of the mission challenging believe advance so and as in we and to regulations Putting our environmental stewardship aggregating Water together, growing consolidation, infrastructure. these customers of another continue benefits will face the credible water water XXXX Global all regionalization be wastewater utilities scarcity, for we
the I highlights. call over will turn Mike for to financial now
