Robert C. Frenzel
in and credits to of increased gas earnings good and the per recover including year-over-year flow offset decreased earnings Impacts with realized XXXX. sales and $X.XX investments, interest customers significant by by $X.XX total Higher and earnings increased reduce per solid compared share. for our per these by share, higher earnings items higher O&M to most partly share weather and share. and morning. positive in earnings depreciation, of per to Ben, $X.XX were our of quarter share which $X.XX rate and Offsetting drivers back increased $X.XX the per in share. which XXXX higher other both wind another combined capital drivers to a earnings weather, margins, with impact $X.XX by increased electric hot natural cold, riders favorable AFUDC We share per gas increases Thanks, electric $X.XX quarter by expenses, earnings in The which production quarter. and natural by the per included tax of
weather-adjusted basis, we've up guidance Turning customer for use. on of and weather-adjusted revised growth growth basis, reflecting and results, X.X% X% continued X% residential our and to gas customer increased industrial to natural annual for strong commercial gas. sales. Year-to-date Based sales natural a X% our to to year-to-date weather-adjusted reflecting a our sales to electric increasing our classes and sales increased X.X%, growth sales, flat relatively on sales year-to-date electric on
expenses increased generation, second at unanticipated increased Turning our costs due which to the to and expenses, million, in resulted hot largely summer, of on timing wet generating $X vegetation O&M by system. growth and has extra our stress experienced We've plants. our quarter
our customers O&Ms reliability systems respective to incremental we continue maintain levels we of expect. our to plan that well, ensure that extremely performed to have high While the invest
a we result, the expect our As over X% full expenses O&M X% year to be year. higher to prior
equity including filed test of our $XX the based Commission our update. plan natural their on a rider We're of an this recommendation decision on November. Next, the in mitigate let investment half approved Earlier ROE month, we rider few ALJ's a and regulatory an with approximately business. multi-year increase on of have an ruled of the exceptions. XX.X% and test and historic the requested denial by integrity upheld pipeline a X.XX%. about The gas We've a million a me provide Colorado the through To of the recovery with This of extension Commission extension our natural impact, for gas XXXX. majority of this will our Commission case capital of timely forward a ratio disappointed decision rate provide year. Commission year,
electric operations different case timing effect Turning in two Colorado, file We're at looking to in into prepared options. to going with we're mid-XXXX. rates in electric the fall our
into a early of of until our XXXX are in going the we would Colorado parties filing potential us spring on the with alternative, electric rates with effect which working delay case However, XXXX. allow to
to expect the more regulatory have our We clarity months. in next plans on few
will revenue as SPS, with no we there'll which in change we of settlement reform our to rates, be in June, a deficiency. rate in Moving projected reached tax to benefits use our Texas interveners various case offset in the
it black While box settlement, for was X.X% equity a of an we agreed XX% and to ROE ratio purposes. AFUDC a use
continue use investments. the the plant transmission and Tolk we'll depreciation We to recover rider will our accelerate coal of to
Examiner Hale committed by file a Wind also in-service our XX.XX% which X.X%. to the Mexico, anticipate New Commission rates tax quarter. We to a $XX Commission the date with by increase $XX third in we're Mexico revenue expected In of an is of approximately third of rate ratio on rule Hearing ratio of case ROE. reform million decision and and and XX.XX% a We final a the million XX% rate the Project. In on the in increase equity settlement impacts The coincides implementation equity the seeking New to recommended the in end of an quarter. ROE including June, XXXX, based of our
Next, an reform I provide tax related update want to on regulatory to the treatment. proceedings
maintain We are working help balanced closely each with of in provide that metrics customer the credit and to achieve our companies. benefit to operating us Commissions also outcomes
in a can discussion You of earnings the detailed each find jurisdiction release.
one-time Dakota about just customer the So Commission on I'll of July, In few refund includes settlement, in received recent developments. million XXXX. $XX which a a South a tax reform focus
$XX In decided recommendation rate projected Commission offset a proceeding. the with proposed this We to depreciation operations. of approximately our Minnesota, to decision reached pension accelerate amortization asset. next Wisconsin, electric OCC reform tax avoid remainder $XX XXXX benefit, anticipate Staff The million while tax summer. and King deferrals for XXXX. of the of $X a benefits XXXX. proposed of Commission prepaid coal the ALJ of we rate customer deficiencies case Colorado, an in to In to MGP the million a use refund and million million on reform provide and half utilizing until approved and the the benefit refund we directed tax the of refund Commission and the settlement In the a recover then will the $XX the defer We later revenue reform plant, for benefits case tax accelerated a to of
tax Energy We far result so wind solid driver, per that, year. We're settlements share the renewable more important year regulatory Colorado our weather excellent of $X.XX a a Plan, first that up of X,XXX would continuing we're for quarters $X.XX reached impact. the weather for our that a to $X.XX spend deficiencies. constructive overall We $X.XX performance full plan year. final of approved from rate to and we in guidance mitigate this positive resolved generation now our an to reflecting Texas adding which range note and was to to has transition. behind and O&M, megawatts reform wrap quarter. share, received in us, energy We last which SPS. per proposal South although the will of filed $X.XX some and approvals previous clean strong raising Dakota both With ahead it it incremental EPS the if at two I'll With favorable of It's been range
well-positioned operator, remarks. and we'll we're growth long-term to take range X% X% This deliver dividend guidance X% within our concludes of Finally, prepared our of to questions. earnings And annually. few growth revised earnings while to a X% achieving
