of case, our on absence Tom. gas quarter million, increase offset X, Slide Thanks, everyone. Good afternoon, partially rate a $X.X in which million of was increase XXXX. over with for by nonrecurring second occurred in $XX.X the XXXX. million connection natural Beginning of This an $X.X sales XXXX were the the of margins the adjustment quarter
$X.X of million, gas $X sales an of is adjustment. $X.X million, increase million, of Year-to-date offset $XX.X increase million which XXXX million result higher a The $X million by of is distribution $X.X higher is over the margin XXXX. rate therm
gas X.X% customer in that excluding estimates increased sales, to The first 'XX same to were year-to-date gas weather-normalized sales X therm customer XXXX. the therm quarters up the the driven The XXXX. Natural growth. period in company decoupled sales, increase have therm largely in sales of was X.X% -- gas by compared compared
are we X.X% XXXX, a June the That's of increase. XXXX. at in serving same than time customers gas X,XXX more As
lower electric positively and usage of million kilowatt of X.X% million, was Margin to Total an Slide were Electric a usage. $X.X million, of decreased average XXXX. higher in sales of electric to result in sales XXXX customer on the the increase rates of quarter, energy compared initiatives. I'll period margins half sales due first X, Next second XXXX. XXXX same Again, per the first an of of largely this were the hour margins by to sales Electric by million is reduced lower $XX.X distribution for margin. sales a through affected efficiency half customer units discuss increase partially million. compared $XX.X result offset $X.X as $X.X
to XX. Turning Slide
will past We of than forward income graphic, the better Usource impact we through year-to-date the Form identify and XX-Q trends. reflected that investors first year-to-date statement as half divestiture-related to the this isolated off, variances in as like the divestiture. All of slightly income from Usource the so can layout category XXXX And is that XXXX. I'd this net different read presentations note are we
excluding operation million increased of to maintenance impact half Usource, expenses, in the Core XXXX period compared of $X.X XXXX. first and in same the the
occurred and with to O&M base case, for plant service, amortization storm in with core XXXX higher ended in adjustment amortization half rate and Excluding major of connection that increased trended offset by O&M XXXX. first in the XXXX. July a the a nonrecurring higher in Depreciation expense $X.X that slightly million lower utility by
property XX, the income X same approximately $X.X by received plant pertaining multiple utility XXXX, XXXX somewhat in than in in second to New other assets Taxes service. compared higher June million quarter taxes offset in of reflecting tax towns levels of the primarily of $X.X was increase This abatements Hampshire. period increased on XXXX, higher taxes local million months the to in ended
and other decreased due the retirement divestiture excluding contributing increased million, related increased a of to related to $X.X borrowings $X.X a also a Interest benefit offsetting result $X.X Usource-related higher as of that higher Usource This expense these million divestiture. million to Usource reduction income. costs. a expenses $X.X of as to result taxes was income of of And primarily $X.X million. Usource. impact and the finally, gain after-tax of largely of of increase partially incurred reduction the pretax is result Isolated million lower O&M increases not the And is is expense revenue an
company the X also to to under constraints payout Slide years. our about XX. we And on is To to growth and increasing fund range program, the target of dividends Unitil XX%, for our dividend its the Next lowered strategically XX% the payout into successfully our earnings XX%, of continue common increased have capital our and spending ratio last ratio. the payout ratio decreasing plans while help increase
a corporate to The investments, the funds. as the includes cost also accelerated become for reduce of filing XX, for The XXXX. Usource second Utilities Slide XX.X% after base distribution company in a ROE. non-growth infusion recovery with by general in with anticipates filing an quarter lag. request The a the equity new regulatory XX.X% mechanism includes which alternative PUC. filing proceeds as June, Maine rate filed $X revenue included the million ratio case is On in of about incorporating Northern equity The of generated request will well deficiency rates effective an the other divestiture
XX. granted the I'd to like gas DPU reduce Slide the interest second company's the recovery This double note in credit annual cash will expense. program. Massachusetts infrastructure requested quarter assist onto its cap XXXX, on replacement company's the ratings that and the Now of
energy approved recently ruling Due ruling, to to projects. contracts DPU is and also associated clean allowing the allowed recently Department Utilities. is required for another legislation, pleased to a recovery And remuneration costs recovered, qualified with Public administrative Company Massachusetts of issued ruling, the these from Fitchburg related recently a certain enter of long-term X.X% into contracts.
qualify Project. material on on the assets derivative in long-term this the these When have that are within the power project And The for does Fitchburg. the contract regulatory of obligations for permitting will and is once Connect Now contractual sheet will accounting. impact planning balance currently the still is the qualify the under contingencies derivative exist and both as contingencies Clean unclear a obligations phase. it contracts purchase Energy believes the timing sides company accounting, of the satisfied, the of
was and to quarter, of notes finally, priced the million a second New with approved of third both $XX The and quarter coupon fund debt public potential commissions in in X.XX%, Northern Utilities. issuance quarter intend the in a at And second utility XXXX. rate and of successfully close the transaction Hampshire we Maine XX-year
of cost Now other gas cases to at rate and appropriate. Combined, update are nearly reduce extend rate on Slide and In has million respectively, through prepared the our plans million, million rate electric through been all accelerated XX, is long-term in divisions, we the over as and $X.X rate or will awarded these established have $X.X company subsidiaries programs trackers proceedings mechanism. earnings and relief and help cost that attrition. $X recovery this relief
equity including XX, Usource Slide the the divestiture. the regulatory a of onetime on jurisdictions. on our equity earned consolidated a last XX, XX.X% in XX-month each of actual ended June XX on earned the provides XXXX, trailing from basis months return on Lastly, return it gain in Unitil
is company already reminder, base Fitchburg the and file rate file a relief is by to prohibited need and earlier. Electric to As evaluating general rate not required base, is rate from case the for filing general XXXX, a
By you'll in comparing company quarter Fitchburg. million and in Utilities Northern first in have Usource XXXX, balances other related in approximately increase we the invested with and an been notice funds common what both each $XX the divestiture the equity Fitchburg, of to proceeds provided corporate and the of Northern
in return filing stated with the last New and between respective asked to XXXX. Hampshire was of prohibited close and in Utilities the actual recent ROE earning filing company Finally, from their Hampshire. Maine the rate is before Utilities' authorized PUC actual ROE case Maine quarter, The an case X.X%. the is Northern New Northern a rate
will over our the to period. call Now of questions financial the from coordinate for this performance the who audience. the summary will I the operator, concludes turn
