warm and for weeks ground first the at for good in welcome, and Maria, the I’ve the running hit morning, my four excited you, opportunities and ahead. everyone. lie Thank I’m that PGE challenges
our our cover and results and I’ll investments providing QX outlook. on before Now financing liquidity updates capital
six. slide to Moving
of system prioritization efforts and Our conditions, execution second quarter trends favorable reflect in plan. resiliency growth of results reliability strong and less power capital long-term load region, market our our
unemployment to see continues was sizable territory as upcoming as service strong our June. centers region especially a X.X% continue steady we industrial remains our in of customers. growth class in among development hold Demand in projects, customer and of semiconductor healthy pipeline and data our among to economy The
totals weather-adjusted year-over-year, parts a increased by as to we basis, the quarter, witnessed QX less a of as early warm On total X% quarter. load load weather XXXX the the increased non-weather-adjusted compared more in X.X% XXXX. cold but weather later in
second weather, X.X% decreased but Residential X.X% DER increased weather-adjusted energy of XXXX. count growth year-over-year load but increased to customer more the compared Residential population and as also growth increased saw XXXX. moderate compared we by warmer efficiency and X.X% penetration quarter to
weather-adjusted increased X.X% growth continues. year-over-year X.X% as general or economic load Commercial
load high-tech growing customers trajectory. X.X% continue and Industrial on weather-adjusted at remained or strong, growth X.X% as their semiconductor, digital
market to last power in demand with conditions our We also a observed growth year, service territory. continued shift relative along in
average, primarily You dynamics that cost above may our remember hydro were favorable more last XX% driven by the of year, conditions fuel power market region and realization enabling saw benefits.
Current quarter. year economic being performance generation availability the averages. conditions the price of of impacted with throughout were the fleet below market factors hydro XX% and most challenging, regional much These power, option more historical making PGE’s
power as the capture did we limited the plants XX% second produced As we generation market from also to market power in gas to more our XXXX. More thermal our scares from compared power quarter XX% less flexibility power a of resale benefits XXXX. purchased and result, and
circumstances of the and energy dramatically effective we to are different dampen we markets volatile address year-over-year, and constructive risk these market continue effects working regulatory Despite evolving market to towards dynamics. through solutions management
X.X% increase the total increase in I’ll our particularly a revenues driven deliveries, now experienced by industrial $X.XX cover We in financial among our performance quarter-over-quarter. total customers.
conditions were more driving anticipated changes cost As XXXX our favorable attributable those in higher were than recurring quarter-over-quarter $X.XX I XXXX. highlighted costs power annual of in QX year the update and Current also quarter. tariff, tailwinds in EPS the $X.XX power decrease earlier, a not to earnings
grid net decrease second activities $X.XX and to demand labor to management for maintenance as resumed debt during for $X.XX There higher and as and to $X.XX EPS and system and quarter include was increased bad multiyear have prepare to related as vegetation of due $X.XX costs, related our maintenance resiliency, expenses, wind expense a deferral-related higher part O&M normal we of our credit inspection from of costs. reliable summer drivers benefit collection related cycle higher in gas post-pandemic the operations $X.XX items, increased portfolio XXXX generation operating peaks,
the the due expense We draws depreciation the expense and first saw decrease dilutive during to second balances a a debt completed debt to plant the equity carried decrease in quarter, on year-over-year, to of short-term $X.XX forward and due from amortization sale interest a quarters. $X.XX higher long-term higher balances impact $X.XX from impact impact balances of two due higher the
higher of result miscellaneous including had on a $X.XX due offset as $X.XX increase taxes returns a a partially improved trust $X.XX We items, nonqualified and from property market other other decrease to also by benefit higher conditions, from expenses.
due million major This previously the requirement settlement the of the we quarter. last reached impact which our Finally, resolved May, disclosed adjusted results $X.XX decrease for had is to our deferrals. $X.X Boardman a non-GAAP from in revenue
an compared to Depreciation impacts expense incremental and impact from investment, dilution of to the foundation growth. XXXX interest continued created near-term XXXX. $X.XX results reflect long-term investments continue of second our of firming quarter the capital to for those fund
customer related XXXX, XXXX as increase which latest to expenditures, connections largely through base seven, estimated our million shows capital slide $XXX road such growth widenings. is customer and forecast On incremental capital including from items
all for the assets Battery $XXX from Evergreen stemming for Clearwater $XXX million Seaside million for CapEx the This also XXXX the million including of the includes RFP, $XXX project, Wind estimated the for battery. and
procurement assets provide journey. sizable starting additional in and and megawatts the our these recent coming into our renewable forward non-emitting look serving to forward We during represents The secured generation and will XXX decarbonization flexibility cycle customers step later seeing late year capacity of years. the in resources this a system
behind our capabilities. energy RFP further growth now opportunities attention customer facilitate us, and system progress will optimize to resource in enable XXXX the transition, that With future shifts our clean
as reflect in was our An territory. addendum which expected Energy to focus. will throughout filing Plan needs the with sharpened Clean third coming OPUC, estimated our and RFP XXXX. quarter IRP in issued Refinement continue modeling inputs come in years XXXX is milestones be recently these combined assumptions will to anticipated filed later to with service the into estimates underpinning additional The the
resources earlier, transmission in being generation addition highlighted are considered investments. and capacity to Maria As
will that customer engaging growing projects to decarbonization provide with and and optimal partners We will be evaluate support base our plans. for our benefits regional local
evolve As planning coming continue move efforts resource you attribution years the these a may ahead. of in result, bars as see to
eight. slide Turning to
available in Our July under the in Equity deploy million the $XX completed of existing the our investments. in and Forward June equity Agreement facility remaining we under strong, Sale liquidity of issuance of position the issued We Total and as support and ratings million with June $XX million. along sheet credit as outlook. $XXX liquidity XX, credit XXXX, stable balance remains our investment-grade
the Looking our framework of anticipate this where to issuances balance issue possible. financing to capital to XXXX, $XXX which we up later plan projects, million year debt under of we finance to green
availability continue conditions to be our to have filed strategically which market We under ATM fund equity recently are will optimal. capital investments when timed program,
equity will track towards capital our the dilution we and remains in cash an We continue to confident over projects. ability focus capital to markets for authorized management and XX-XX remain Careful structure access capital time. important align with to payments our issuance continue
the next Maria we and early take will including see constructive in August. continued the pleased parties, which we previously engagement XXXX in to with conference, look As forward to GRC noted, place proceedings are settlement progress
manage as and the XXXX. digital growth high-tech in anticipate to load growth second guidance to balance expectations, results robust year quarter maintain challenges growth territory in weather-adjusted Our as confidence full load well line continued of group we through and X.X% customer of intend by led We in service strengths, XXXX our X%. our with thoughtfully reflect among the
power be XXXX, will the power second limit management volatile key. Diligent including the to leveraging cost our impacts of management half continued programs risk of of through markets
through region, and The third performance overall assets we’ve of well through for the annual we summer. July, critical been the additional markets power weather the and positioned believe we to in performance has storage particularly solid cost renewable observed the continued are in participation given quarter the
also quarter minimize the driven volatility. particularly constraints of impacts normal will challenging, remember, fourth You’ll colder to to indicators lower-than-average regional weather, to market by of was employ storage. point Current available pipeline remember continue a strategies and gas fourth we the and -- XXXX all quarter national more
Due to and Managing to operating on topic my adjusted diluted and discussed, applying reaffirming load previous our as I Maria remains per priority, this share full earnings look share. PGE. efforts costs year guidance we are $X.XX diluted critical experience of forward to at $X.XX per a these expectations,
on the for and we point remain trajectory inflection for that strengthens important focused growth execution foundation PGE’s an sustained represents and XXXX long-term value. PGE’s
continued investment long-term healthy guidance demand the and growth, service including a by of X%. enable capital improvements continuation our to transmission Our X% operating industrial opportunities earnings will profile, our emerging achievement growth our highlighted solid territory of fundamentals, of
we energy look between that we remain As to and remainder forward of our enables longstanding affordable financial collaboration to reliable the ongoing our rooted customers. and stakeholders and our results shareholders to to value optimistic for provide I and turn am our commitment XXXX, the outlook goals. in coworkers, clean, customers, achieve continuing about strong
now, for And Operator, questions. are we ready