morning, you, Thank Maria, and everyone. good
Turning X. to Slide
demand results improved QX Our our robust customers. cost power and conditions industrial reflect regional continued growth class from
last cooler than quarter, than region but Our summer. were conditions throughout again normal slightly experienced warmer the conditions
XXXX XXXX residential QX and but X.X% weather loads compared X.X%. increased increased decreased XXXX. load X.X% year-over-year increased as by by adjusted. X.X% customer adjusted weather QX overall QX Residential X.X% to count
customer. usage However, driving this was by efficiency partially offset energy lower per
to of and weather driven within with further driven Commercial quarter from These is and largely to growth XX.X% of pipeline infrastructure growing decrease opportunities or last expectations demand as to energy this customers, a slight growth near- reinforce load chunky year. a expansion load in and continued adjusted. relatively well emphasizing across area. by The QX territory. weather-adjusted flat as industrial service the modest our This results X% for experience long-term semiconductor our visibility seen our increase class digital Industrial or remained growth XX.X% increased loads efficiency. compared continues X.X% by
are weather-adjusted As X% guidance to X%. growth our we of load such, reiterating XXXX
reiterating our growth guidance We long-term are low X% also of through XXXX.
We our IRP, potential with will we conjunction to plan next revision file in evaluate in for continue to this which of XXXX. QX
performance $X.XX An EPS our cost the now quarter-over-quarter. power due our of and $X.XX in detriments conditions and EPS increase comparison for increase cost throughout reverse EPS financial observed XXXX this region. from I'll that revenues to our a territory driven a favorable cover of power to power customers. from due seen by in industrial increase $X.XX deliveries costs $X.XX increased primarily increase We to a QX
less XXXX, in were stability day-ahead lower including market a than we factors, Compared handful and peak volatility gas mid-sea lower challenging market and the the very average to far to XX% heat of pronounced spikes. July winter solar of prevalent, which Improved driven a events earlier price environment. and in last more prices to QX operated X,XXX market quarter occurring throughout than new remain and Desert hydro due year. from penetration by levels the megawatts Higher a early were helped and year. throughout Overall, X,XXX saw of prices price higher-than-expected mild storage hydro new storage when significant battery runoff the megawatts Southwest in California void and
We from team that of update anticipated capacity including The renewables and of lower which also contributions the we taken the tariff. drove by added consistently power conditions new our summer. our Clearwater portfolio, hydro the costs Wind, actions than and favorable saw throughout in benefits annual to performed combination
the of tax service the lower benefit deferral and credit from generally heat during trust from tax decrease assets $X.XX primarily higher impacts. $X.XX operating restoration on during nonqualified and increase and A a other income net returns related items, recovery items, from including driven improved events quarter, expense, by expense maintenance
had to mentioned a Maria damaged decrease from deferral. we Lastly, related the an release $X.XX XXXX as January and storm deferral earlier,
that we As test. of deferral ROE our emergency of be forecasted year regulated above used QX, would earnings full the for threshold the XXXX the end storm have X.X%
of will a that been costs third million $XX As decreased that million in our would storm customers the have results, quarter. have expectations to and decrease. means from $XX corresponding XXXX improved deferral from a charge we due likely collected that taking to This result,
applicable earlier It results original we the such we've and and our had the the to actual deferral when our to of had related outlook. a related unique the exceeded and on year. equity performance, reassess January impact test XXXX will the regulated storm this to is became This the on return a quarter became amounts to favorable third relevant when major test deferred we this storm earnings based year. end We for
we the but XXXX On decarbonization X forecast. based for support the our We've we're our year-to-date CapEx We've forecast on customer capital growth, to plan, XXXX headway modestly meaningful thoughtfully in rigor reliability revised to progress. this to made build level have at run. our XXXX in proceeding execute and program long to Slide our elevated and capital and
come remain to battery XXXX end projects, XXXX, on latest and middle online Constable Our in expected at are the of the schedule respectively. and Seaside and of
are and We on battery of pleased shortlist. projects solar gigawatts the the nearly with X.X XXXX RFP
current and does our bid potential contract occur build reminder, RFP include selection project from the forecast forecast a capital projects. transfer to any ownership Updates not RFP would potential execution. our As upon
are the contracts projects in expected course the service with expected by Transfer finalized be We end XXXX. final second in Build XXXX execute agreements of expect over be to half XXXX. of to to All the of
Slide liquidity financing. XX and a of is Total over summary available liquidity September to X as billion. $X On of for just
remains credit outlook and strong sheet from investment-grade rating, unchanged last Our our disclosures. balance
our strong XXXX base that the plan. QX was in equity but amount million focus under plan drew priced to we further The our to the capital we've draw In maintaining reiterate or expect program. structure to capital action unissued satisfied XXXX residual quarter, I'll at end the under we needs long-term metrics of on million financing support credit $XXX facility capital would legacy the third ATM previously $XXX priced September, remainder our management in and support plan. derisking base any our our and
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last base balance investment our support our million for XXXX approximately through strengthen after the structure We need equity to -- we our anticipate negotiations as years. few continue anticipate as that taper needs base assessing base carefully our from on the potential annual XXXX, over highlighted next the $XXX we equity of to RFP improves. As capital our XXXX capital sheet investments proceed. to call, and annual needs We're contract
in strong opportunities options long-standing capital pursue ratings ownership in RFP financing continue that financing maintain our Consistent with expect we'll accretion minimize maximize line our our dilution, structure. to structure. manage and with continue We our customer value, authorized to capital credit practice,
case, its which proceeding Turning briefly rate to through is the XXXX final stages.
noted, settlement October. the November, for the held end the [ ahead discussions quarter ] October filings As hearing Maria oral GRC and was of for of throughout in arguments continued scheduled early and scheduled are mid-November. early
XXXX with remaining and the filing in have with For all anticipate We and issues principle the occurred we AUT, that discussions all the collaboration reached resolve to and date. in stakeholders a agreement being have remain committed to to engaged stipulation coming appreciate the weeks. parties
setting creating includes Through and in benefits displayed conditions stage our manifestation This and QX, from team power we've through efforts the QX. we quarter the maximize September, on our our certainty the laser-focused plan, to favorable As to reflect results our seen on XXXX been XXXX. turn our long-term the has market results continued strategy. for of executing the
processes on of annual each Our as update an the basis, annual power year cost resetting or operating AUT. part tariff
in While and extreme volatility based established the closer year. our XXXX, on be conditions performance dynamics improved will the to reset weather XXXX next baseline less market and we an in helped reduce recognize AUT may market
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$X.XX from earnings such, to $X.XX we're As range guidance share per XXXX per to the adjusted or $X.XX upper to of narrowing the our $X.XX half share.
projections, a our reaching us such test at in favorability are be deferral favorable results range mentioned current on result authorized ROE could our Based the regulatory the impacted earnings that see that earnings of of current top I our forecasting by to earlier. To extent we the levels. we expectations, would the
strength We execution. our capital of long-term guidance improving are of service to dividend territory, robust also by earnings our and X% growth opportunities and reaffirming supported our operational X%, the
XXXX, of energy, unchanged. while to turn we reliable providing costs as our customer clean focus As low the and closing possible, of keeping ongoing months as remain
deliver We are continuing value the and customers, to serve. prioritize operational we excellence and execution, to allowing communities us maximum to shareholders our
now, be And questions. for we'll operator, ready