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we and reduction on share $X.XX In share Our per in emphasis $X.XX from increase. a increased XXXX credit XXXX, benefited compared X.X% cost control. to earnings continued XXXX, capital investment, additional per tax for
goals, packet financial our forward utilities their mechanism. fully-allowed the going and the It fourth through will customers of While this My expense and morning. their to a with quarter utilities taxes. includes met comparison beginning all our see posted We Wisconsin be by focus earned year, the sharing earnings on income, segment and the our benefit website interest income full then will full-year income operating of other and results. ROE
was packet, to as operating operating earnings of million. an XXXX, compared $X.XXX Referring income $X.XXX Page to income XX billion of increase for in the billion $XX our XXXX of consolidated
the lease year-end. tax growth the regulatory that to the of We our was we as new changes And impact to assets. plan Energies by transmission operating escrow our agreed expected, adoption certain repairs segment balance on in income in eliminated. My continued apply tax repairs we the The rate and settlement Wisconsin, excluding focus will through asset Recall previous of as part at the benefits rules. offset update accounting of of of
net million largely Lower operating income positive income Starting items. and by in in impact operating few increased on by expense across with adjustments. segment, enterprise. Wisconsin This operation efficiencies operating approximately driven effective was of the these cost and resulted a control $XXX maintenance million income $XX increase offset the
decrease to lower accounted summer for cooler $XX conditions weather volume million primarily First, in due sales income. operating approximately
plan. was reduction on operating reduced was by in fully a through Second, depreciation This and $XX that tax expense. And million million income our execute amortization we by as finally, item operating. flow capital continued tax a offset $XX to increased
Illinois, million. investment state income the and result reliability at primarily In our Operating $X.X Peoples as System. other increased of million, by operating a Gas of decreased continued $XX the segment in income our safety
segment this investment segment. additional Turning at was Infrastructure our plans. up income Operating now our Future in by driven to Power $XXX,XXX the Energy
as did material production Bishop $X.XX XXXX. impact wind in in of are earnings Coyote a these Recall, expected, the tax Ridge a to offset Upstream credits As farms tax tax earnings for to which from approximately compared of portion have income. share the recognized significant operating $X.XX Wind and Hill, contributed income form Farms on not to an our credits, per expense. year production These the come
and Other that related million. This as from Corporate our $X.X impairment we we sale in a at recorded reflects segment increased million XXXX assets acquisition. The quarter gain in as legacy well the by of loss a operating the Integrys inherited recorded of the $XX fourth variance XXXX an that business, on to
rules, of to lease and million. increased variances American tax these and investment consolidated excluding decrease Company Combining from $X.X new $XXX operating compared the our a in income repairs million, Transmission as totaled XXXX. the impact Earnings of over million $XX.X
Our by earnings addressing million of order $XX a ATC complaints. recent a as MISO the decreased result FERC from
Going our MISO. includes a basis we're added on a This assuming XX.XX% recording forward, for point equity. ATC return earnings, in participation XX
expense gains increased partially associated with component non-service and plans. The operating benefit investment pension segment. in remaining relates gains Other cost offset income included the $XX million increase investment to of our benefit that by Note driven our the plans. net these by benefit our
investment. of long-term impact excludes balances million, higher expense to interest This due fund increased by the net capital to the debt new guidance. lease the Our $XX mostly
expense, item consolidated reform million. XXXX repairs, from our production that mentioned the decreased wind tax net income were Our investments major tax earlier. I of $XX by tax and drivers credits The tax
effective was tax XXXX Our rate X.X%.
benefits the of XXXX tax tax Excluding have XX.X%. effective would repairs, rate our been
to customers the of to tax we the are forward, expect to Wisconsin that effects XX% XX%. unprotected This be in following range includes decision. being our the effective rate recent that Looking benefits of XXXX tax refunded rate
XXXX be Excluding and to effective we rate benefits, this At our XX% expect tax to XXXX. XX%. a expect time, be modest in we these between taxpayer
able be our will we with position that capital show projection plan. utilize tax our efficiently to Our
Turning our flow statement. to cash
in Our XXXX. XX.X% FFO-to-debt was
in satisfy of and required FFO-to-debt to cash Looking plan, ahead, XX% programs. XX%. the expect be We're for to range XXX(NYSE:K) using any our options shares to other we
issue increase to expect were expenditures in not do we capital asset forward, Total Going a additional billion XXXX, acquisitions from shares. $X.X $XXX any XXXX. and million
Turning now to sales.
of and utilities a Page Overall, basis, our XX at Retail of the We gas At year and are XXXX, retail more to growth shown to XX,XXX X.X%. of our mine compared approximately continue packet. to electric customer XX,XXX XXXX, see iron more natural a system. X.X% the were were customers earnings natural and excluding were volumes the deliveries ore compared electric and ago. across XX serving end down on sales weather-normal down deliveries electricity, gas
Natural XXXX generation. on versus gas gas basis. This and X.X% deliveries in by Wisconsin a increased X.X% weather-normal used for power excludes
briefly segment. our I'll on forecast for Wisconsin now touch And XXXX our sales
are forecasting slight are a of deliveries, X%. by power gas iron projections of generation, weather-normalized adjusted for X% excludes of increase leap retail We in in course, of This decrease both ore to XXXX. for and the year retail mine. the seven-tenth one-half electric project excluding gas We these weather-normalized deliveries Wisconsin of used
per of the Last the $X.XX for first share Finally, we year, let's in our guidance look quarter. earned quarter first at XXXX.
approximately this XXXX related range XX% we project to the to recall, $X.XX per of January, for in assumes the normal in share. quarter. $X.XX this the colder-than-normal to be $X.XX weather the weather the first quarter per you of This included rest and share Factoring warmer-than-normal As in XXXX. earnings a
will I back the to that, things turn with Gale. And
