XXXX. earnings we afternoon Thanks of compared $X.XX $X.XX per share GAAP John. Yesterday, share Good in to everyone. XXXX announced per
impacts, and these from were Excluding by financing rate additions. share temperature and higher non-GAAP driven earnings base, X% by depreciation than requirements base partially rate to higher expenses due adjustments offset increasing revenue year-over-year, up per the more
efforts to of As five. and earnings drivers in storm. XXXX provided challenge additional John the and slides variance of on in allowed the We dedicated earlier, to guidance reducing four the expenses upper O&M pandemic our caused These details noted year half impact to offset rose the derecho sales employees lower range. by earnings us finish the the on
to compared COVID-XX primarily Our service derecho declined by in sales the XXXX, Iowa of our as the in when storm driven as XXXX pandemic temperature-normalized retail well impacts the August electric X% territory.
unemployment future, strengthening in in solid in well through half expected over the to pandemic-related related population residents with growth a plan we state investment The result approved we EPS for XXXX. of were X% recovered Wisconsin annual in percent we see Tuning rate states' business sales experienced economies we in the The for While into impacts our X% rate are neighboring our second allow one and recovery levels of rider is even faster. for as of than moving rate less has and the grain delivering quarter, recovering base solid further believe path in in to due XXXX. shareowners, of EPS countries. a strength our guidance experiencing in economy XXXX the including XXXX total These our been look and the as earnings. prices the renewables the And to growth Iowa, year's quickly drivers XXXX as investments delivering XX% direct demand increasing its is and second to capital earnings electric our growth the core continue rate all a rate and was second-lowest for were our is up will investments IPL's is the the heaviest states review. the year. We future U.S. Wisconsin. XXXX least Wisconsin's approved rate the sales unemployment With approximately Iowa And rate U.S. customers. serve. were the year strong highest us returns of XXXX at full rates resiliency as of from utility make roughly which to our to to X% to guidance the among country including that Currently, wind utilities. reflected renewable are unemployment sales flat percentages foreign renewable recently our and projects completed WPL's key energy base the
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