segment purchase to industrial due and reflect energy's net a compared of kilowatt wind rates colder Minnesota residential kilowatt-hour hour customers $XX.X in negative increases $XX.X for income considerations. first everyone. Power, million Earnings $XX included of of million $X.X Energy. impact in our and per related United XXXX of $X.XX the operating that to to you income to of $XX.X Thanks, Today, January maintenance to XX-Q I costs variances costs segments. quarter, XXXX the winter details were due commercial XXXX, Bethany. share refer million. morning in partially income or agreement, Southwestern million the due encourage million. significant higher last few to expense I per remind year. income higher Please And XXXX per $X.XX quarter an acquisition good Net as to you first $X.XX reported by transaction X share to or sales higher compared Diamond income for lower refer Slide recorded ALLETE sales this facility Spring per event at Earnings States in and filed New conditions earnings clean XXXX included items and XXXX. business interim customers. after-tax energy for implementation February, primarily X $X.XX These in our net share Net it offset morning, comparison XXXX. from weather to share were after-tax $X to storm like related ALLETE more extreme we of to XXXX to regulated in or of million in details. income ALLETEs and under and to and A an would power Xst, net net higher other approximately operations or
started taconite full the with Our customers production. year
However, commenced through is curtailments in that in the at one this to and fall. one continue some customer experienced facility another quarter, and May announced idling operational first an expected
As of rate sales and a case, Power over variability expected XX-million-ton XX be with the is our approximately estimates production average is to into forecast such taconite production years factored we the million as line approximately result taconite at level. in the On Minnesota tons.
filed XXXX compared energy's XXXX. in resources $XX.X compared asked to impact to sales Net recorded balance to related an Spring net in energy XXXX clean reflects As facility in large higher winter first million Minnesota February, event ALLETE's income clean variation to you XXXX. mechanism included between energy has sales investors. income $X power wind fairly year. a might Power an last extreme recently this at case ALLETE its wind type in Diamond negative quarter million in recall, of and true-up customers rate million income of approximately in after-tax Net $X.X XXXX storm for
corporate tax BNI includes higher expenses of this our higher XXXX wind our and the of quarter, turn earnings related recorded and in in costs energy acquisition energy Our ALLETE higher as investment million which Results quarter after in guidance. to Nobles I'll XXXX. reflect compared loss from of partially facility compared facility $XXX,XXX Nobles investment wind energy, businesses, other resources. now $X.X Energy offset to New a X reflecting the our $X.X loss net earnings properties, wind million transaction by to and to XXXX, X the this net
to the April, Energy's earnings and the in these X support immaterial financing initiatives. for New accounting. full share affirming equity Please costs for know, consolidated XXXX acquisition will Energy this on and mind view year results Caddo initiatives be partial by the that of financial considered, you funded XXXX our Energy. under per significant term growth As Keep and net from All earnings on of a purchase guidance $X.XX Slide we refer previously acquisition to impacts ownership, impacted we year $X.XX New amounts ALLETE's XXXX objectives, in price transaction project. executed related of and of in our anticipate to anticipated long are which New
expected in be full Energy of New And accretive acquisition the ALLETE ownership the in of accretion meaningful XXXX. to items, first these anticipate year. this is Excluding year our we to
successfully of totaling additional Energy's details the X this company as we are more successful in distributed providing company ability diversified second We development And XXX the robust of New to has future that Energy's achieve beginning pipeline XXX in financial the a over anticipate with more years. Energy next megawatts. than the confident replicate the projects than gigawatts New XX New over on nation, has positions across across solar states year. projects you execution from growth profitability quarter and completed profitable and results several to
to amount of continues chain during to of investigation supply supply that of and pressures New is recent is and would chain challenges by with flexibility industry current facing of relative and be commerce solar margin focus monetization if remiss US the the The time addition, Energy not on research. inflationary positioned market the solar financial spent commerce components. be having in and not projects and development sensitivities our we range distributed well Energy scale. did aware impact diligence on around the We of meet concerns model department on The considerable market allows of the we a US modules the address and immune. well department the targets utility New material imported broadly were solar a solar and currently to their is resources In for timing higher
ALLETE on geographic The the has country. region in forward another megawatt to ALLETE This project XX project entails energy later is Energy navigate of to year. a of positioned closing and term project. is portfolio. turbines, project move megawatt XXXX. for harbor pipeline wind build-own energy expansion we clean Barn this current the is placed will in a for and Northern provides ALLETE to maximize existing and the track closing wind and Chanarambie, upon customer manner. or a of expect for return an utilize ALLETE to Over solar to harbor project transfer not do XX opportunity supportive only the base seek renewable view to environment its build Safe disciplined long-term, we but PTC and the clean enable projects Please optionality optimize navigate and inflationary in Whitetail longer And clean value to Wisconsin, energy. Also begin enhance either also sale energy PPA facilities the operating this turbines, of continue presence transition. Slide region Xcel wind in The opportunities transfer the existing and development plant repowering construction energy's safe in a X supply with chain for to on continues clean project energy future our Viking challenges clean expands development pressures Red in to the continues refer a at to the soon.
ALLETE's consolidated back million balance closing a for turn of cash equivalents ratio position million, XX% of is to debt cash in and was XXXX. Bethany. it XXst, her capital our by March includes lines financial credit, as available to and Finally, supported strong sheet Bethany remarks. of $XXX I'll that $XX