Thank in restoration our good to I'll Thank the Beginning growth. our us. track execution. on steady customer weather for everyone. you, After quarter this to results X, Portland January, and with strong is financial normalized top you speak and results Nick, XXXX, key and is drivers. Slide for set extensive Electric joining in morning, stage speak and General
compares net For $XXX diluted share. was million $X.XX GAAP first first On the $X.XX $XX per quarter, million XXXX basis, we diluted million quarter income net income of or This income or a share. $XXX of with reported GAAP per or per non-GAAP diluted net share. $X.XX
center quarter semiconductor no on more during than low reliability in driven and our his January will contingency the results focus quarter, storms. discuss This were excluded so the customers in incurred storm robust First which nonrecoverable focus by the and was evident the throughout this XX% from of and growth execution. GAAP January quarter the Joe costs XXXX operational data event. remarks, Results events
disruptions, my and constraints, this I'd resulted hundreds severe extraordinary winter commend members during their in customer gas for conditions regional team network of thank navigated thousands colleagues PGE event. Our again resource outages. to challenging work of that like
ahead transformation by the year focused rapid territory energy balance look and systems of first, on we digital beyond, investments remain our main by X to in our areas: infrastructure propelled As we and continued semiconductor customers. service of the
robust and system capital increased our and semiconductor continue managing risk, growth Second, rapid region. of all third, transformation infrastructure other reducing for growth both grid and meet stakeholders delivering and to executing for our commitment energy our This efficiencies system-wide digital driving ongoing our will plan we'll reliability priorities The alike. customer resilience. and commercial and industrial, customers, period energy costs, and a clean And to discipline on residential and that operational customers, our is affordability. customers' investments regulators benefits by and engage growth sectors to ensure to of this the enable controlling
and innovate infrastructure and We and differently first build see continue upgrade scale, growth these requiring region as well significant solar reminiscent strong residential on we adoption. of industry rooftop changes as our us to transmission are Together, in our a electric of energy transformation with on electricals. vehicle to think and
growth. Industrial X. Slide to Moving
State area. and load service last X.X% industrial the increased our bolstering in quarter to semiconductor First, growth first investments compared year. expansion federal are
increased jobs, in for $X.X in the regions, development. addition Oregon broad These the silicon providing Intel spent will billion education semiconductor come, $XX its we've infrastructure manufacturing, recent A study of expects economic data fifth opportunities. to our globally. generative enable communities, growth announced ecosystem and energy in for industrial growth, and continues underpins in us trends center for billion across This as workforce drive economic that our Oregon hub our in global today. premier digital Clean for we to is our of that Resource service development have to territory & investments observe year, benefits the reinforce mature are fueled will significant ranked by Intel as Plan, creating be Hillsboro, the rapid emerging anticipating federal part helping Moreover, and over by Western combined our and hub This years market X fortunate many this service usage largest semiconductor nationally plan that will by growth funding. our by cement position seeing we as states, Analog Lake others. as investments part a Microchip AI. Oregon Last Cushman investments accordingly. digital our territory. With the Oregon Integrated growth higher in Energy Devices, research quarter, This and and across for XX%, strengthening the by area, to to expectations our been backed
investments, recent we update. in which plan emphasize our these need transmission expanded Additionally, highlighted capital the plans for
pursue reshore of expand, to recognize the ambition electric continues industry for security and energy clean transformative plan on region's infrastructure, and of and opportunities reflected operation next The sustainability, execution. our our importance and goals supply growth, energy not General clean Capital the economic long-term and significant As resilience. clean focus we us benefits our generation. resources grid create only transmission for also in all commitment and but investments position systems These for underscore customers of to importance transform energy our invest customers. Portland Electric's energy expand to
and comfortable increasingly will of came provide shine critical infrastructure storage examples. The ever PGE wind than online and allow Similarly, that these The are from to to generation, reductions of and to improve technology with weather. in generate geographic Our in more a will emerging diversity. play Joe modernize and will volatility. resilience resiliency resource and behalf face development important winter modernization our lead summer customer and energy touch storage rate and battery of on also water in flexibility grid to frequent to in shortly. will customer customers are role price January matching grid the grid the which power to batteries and variable These renewable investments cost clear production our to of while allowed has before discipline. accommodate storage the great projects February, Operational costly We're at projects harden projects case periods providing severe center battery continuing navigate XXXX demand. battery general on forthcoming filed us
us through utilities the As finding CISO operational and enhance management This strengthen and squarely announced we will critical discipline. cost extended drive to that and Western join offers focus. cost larger In operational footprint market. day-ahead power efficiencies plans reliability power March, opportunities remains in investments system, in advance alleviate our means savings other affordability PGE to a help pressure. to ENAM
focus front, on risks the technology mitigation. deploying operational teams like processes business On PGE optimize and work, wildfire prioritize key are to cybersecurity and
practices. we situational For in through operational awareness investing detection. and wraps year-round equipped system stations, early and includes as example, poll cameras, wildfire our program, and progress management mesh weather reclosers, hardening, are AI vegetation we our This fall enhancing fire
ahead, As solid delivering on focused a we have we first are and quarter, expectations. on we look execution and
Thank achievable, who I'll over our With results Our and through that, walk going Joe, will up. get more to it we're financial you. us turn detail. to in it plans are exciting,
