investment Thank you, good resource before Maria, financing and outlook. and QX I'll liquidity providing our and details cover results additional capital planning, morning, on everyone.
Moving to Slide X.
Our results reflect of first market efforts. power management volatility long-standing and management of continued growth, cost demand execution sustained successful our effective quarter
remained has QX remains customer demand strong. economy regional at in held amongst our XXXX. solid as through territory our and class industrial Our service X.X% Development unemployment
We in particularly a center and ramping the coming pipeline continue high-tech to data industrial see of projects, strong months. sites customer
both practices weather pandemic. On QX usage total by days. XXXX patterns loads our by in service aftermath QX Overall, of speaks weather which to XXXX. the a year-over-year, degree cold decreased X% customer year-over-year, and Residential the X.X% a to X.X% non-weather-adjusted adjusted but continuation increased basis, our increase load X.X% load we in weather X.X% territory the witnessed of as heating increased increased compared adjusted, normalize as in
weather in normalize. adjusted customer X.X% remained continues X.X% XXXX. Industrial load QX, activity weather segment. continuing increased to or to to QX increased growth as with high-tech count X.X% growth commercial and or customers Residential lead year-over-year growing adjusted X.X% steady the X.X% compared Commercial also digital load
we deliveries, typical While colder than and power driven continuation higher strategies challenges. to the temperatures, see a as operational dampen of that and also and the impact collaboration our volatility we emphasize weather dynamics helped changing These weather of constraints management market-driven did this regulators by our prices. risk our higher Execution of continued customers among address employees, market in intended. conditions region saw require resource
financial in in class. led our the amongst residential experienced composition total We growth by commercial performance and our customer X.X% quarter-over-quarter, driven industrial $X.XX in saw driven by in a increases revenues increase increase continued cover due $X.XX weather-driven now differences XXXX. to loads by revenues, We I'll increase a customer quarter-over-quarter. primarily to compared deliveries,
recur. amortization to load higher due volumes plant that due quarter serve did to prices during balances decrease. of from average prices impact $X.XX, $X.XX XXXX and due including drove cold in an Higher not power purchase deferrals market decrease. and particularly EPS the to depreciation first year-over-year a We cost capital in during to saw expense, $X.XX Increases a $X.XX higher $X.XX quarter
which higher to higher There million was $XXX XXXX XXXX. QX repaid bond fourth reflecting QX on mortgage returns increase There the million was improved the from due higher and $X.XX trust a expenses benefit balances. debt compared in loan March. nonqualified in to to assets, $XXX first issuances totaling issued $X.XX due impact decrease conditions a quarter, was term of long-term market interest a
XXXX, reflecting grid the and decrease continued a to due compared A completed $X.XX million $XXX $X.XX AFUDC our growth the increase There was the quarter. from dilutive higher to equity technology in investments. in of impacts first draw
higher a income, increase other we miscellaneous offset from by Lastly, had taxes. items, $X.XX higher including property partially
Much to fund of expense our results $X.XX with quarter drivers. capital increased key new higher impacts near-term is capital depreciation from year-over-year. reflect interest dilution an our being towards this sustained This and incremental investment, trend growth projects
have remain mentioned that we and XXXX previous long-term value. we on As calls, remains foundation execution focused year, investment strengthens growth for and PGE's on an
the Slide for of update XXXX X, On RFP. an
behalf manage our As to changing Maria to power to visions flexibility reliability us highlighted, customers. maintain portfolio on pleased to to help provide addition to another operations us customers, allow costs meet that we grid will our for of are have
periods The XXX-megawatt demand. enable a extreme serve clean company-owned critical capacity customers storage and during our weather component storage future is XXX-megawatt deployment energy capacity of agreement of PGE's will under quick of or to and incremental high events secured battery
procured XXX-megawatt company renewable with wind late of capacity which megawatts, resources will dispatchable will Clearwater PGE invest date. million XXX in and announced Combined the development $XXX 'XX, in own new to
negotiations continue agreement and are XX-megawatt on that project, we'll battery we PGE-owned QX. optimistic mentioned, in an enter a Maria As we
total, of the a reached total If capacity from with Other nonemitting nameplate of will RFP. the generation XXX renewable procurement this we capacity on have of capacity. nameplate and in resulting capacity megawatts of megawatts final have cycle. XXX project, In projects owning company-owned XX% procured an competitive secured process agreement PGE highly this megawatts this from resources, of procured parties with XXX is garnered PGE will competitive
we've energy us our got were to the a of contracted optimal strongly able clean risk many and This the customers. procurement achieve balance journey. of the of will technologies combination benefits placed progress us of we on notable to and the and challenges, for to of resources outset of while owned that navigating make achieve cost targets macroeconomic our critical at I projects provide and on best allows And believe customers. RFP the Even long-term mix outcomes
and mid-XXXX wake project IRP's In combined CEP we made in in issuing of late our anticipate and in XXXX the final anticipated filing XXXX. RFP the March, selections
Turning updated through forecast our Slide shows which XXXX. to capital X,
Our guidance is that each project in by to million XXXX $XXX with project. associated million, CapEx the new primarily not through would XXXX increasing negotiations. due and XX-megawatt investments does in million CapEx be the still any respective $XXX $XXX Seaside include in year, This
the Clearwater, project By build risk which for provides flexibility. approach, agreement ideal mix mitigation utilizes transfer the an Seaside a and of financing
figures here portion potential remaining current of cycles. the from the any to or expenditures include presented not the reminder, possible RFP a do As future RFP related ownership
X. Slide to Turning
at or existing sales equity by We Remaining against liquidity of in issued balance ATM. a March. the common completed March term. does equity not from by and equity XXXX, agreement's the our to under credit maintain well forward $XXX the draws strong are include is which of end ratings equity Total million, expected the be newly XX-month filed undrawn million forward the existing agreement to the $XXX forward sheet XX, outlook. investment-grade liquidity as available continue strong accompanied as We portions credit
up Looking capital green strategy our to continue we to to financing plan practices balance framework to under sustainability through financing our anticipate million, debt to our we of which of the XXXX, issuances debt investments. tying of issue $XXX
equity improved to We support component also a for spending increased upcoming incorporates million $XXX provide a and ATM match today. offering at-the-market clean offerings optionality shelf investments. our forward needs registered to The
We optimal. the will our authorized help will new are use at to CapEx the XX-XX structure. our of attract finance to with competitive intend This benefit capital timed us ATM line of fund capital to strategically in prices when Any capital customers. be strategy conditions investments
payments dilution rate carefully equity investments to we base We for possible. will to manage cash aim issuances where align continue as with
investment results reflect thoughtful will customers additional high-return fundamentals shareholders. drive In our the territory cost consistent in continuing remain terms as in our XXXX look strength and yield that operation. and deployments of as our for outlook, service efficient well to our we management quarter the We execution. our that on first results operational activities in more and And forward effective strong laser-focused
from represents Board with to industrial respect growth still on while a anticipate growth We our to consistent week, maintain and per growth, XX% approved a sustained ratio over increase. a commercial dividend increase and to is modest confidence residential X% Combined, of led XXXX and X.X% guidance also $X.XX dividend in high-tech customers XX% load dividends, customers. target load payout X% observing increase share time. digital of by to growth With our long-term dividend last an we annualized our of basis, which growth from X%. This of X%, weather-adjusted
I to territory As attractive service us operating X%. guidance improved and of highlighted our X% allow previously, will performance investment achieve fundamentals, long-term earnings growth profile our to capital
and forward towards beyond, affordable, executing to 'XX growth for and and to quarter look is foundation and financial shareholders our energy. and our robust. by the on customers the goals delivering turn long-term value clean providing reliable reflect first increasingly We we our of on As alike safe, remainder
a result of to As adjusted per our are factors, these reaffirming full earnings we diluted of $X.XX guidance share. year $X.XX
together. at Board want to open and been and questions, a I Maria, It's so the the line and work great honor PGE we the team Before opportunity this to privilege. thank for you, an for closely
that work help moment have between questions. to transition. now, a leave do. do I I will we're the continue can ready months now now. affect for X and It operator, would our me And when be very then, for plenty I and But we to smooth from of And momentum bittersweet everything