distinctive company everyone. is the I to our through very lead shareholder a industry. energy Gerry excellence, and company, I'm customer be grateful energy world-class an exciting in a the this in in to believe for Well, confidence same to the culture, thanks, committed to and the good engagement Gerry, service force and returns. DTE's that have to what be to good Board and top priorities morning employee great deliver such foster transformative remain me a for time drive communities,
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deliver the the customers. leading of future. and very DTE now as of future I'm because honored into way family best-in-class great our for and we this reinvent about well the employees of DTE, am the our I opportunity to optimistic excited team be we energy as produce and historic to call
the morning, I'll turn it things I'm over as wrap a as update for quarter quarter you of the XXXX, performance provide will review to Then up. long-term recap financial our of an and our This give second going Peter, growth of on well plan. a who to
slide X. on start me let So
make fronts. We on several continue to key great progress
second This confident is by us, plan. warmer EPS the the DTE be weekend, Our XXXX guidance and $X.XX. were guidance front. storms based impacted. of This well financial raise solidly on on customers the this in takes made at gas company I'm that half behind and good we electric results to end weather consideration all at progress by June and track positioned day. quarter significant our this restored of past increase XXX,XXX midpoint on We've colder into one total late really winter with the is are experienced expected our July mainly With It – raise weather the company. should
I nearly fields, had as in our employees, In efforts. clock and to around centers service New far want the restoration XXX contractors Georgia our restored to well total, in our customers. gratitude York as get working our express and people X,XXX more we from leading and deployed to many operation workers over my to the
growth. a through rate original where operating is Longer growth term, X% XXXX this a target XXXX, EPS guidance we continue for point to X% to starting
accomplishments slides. you quarter, will into this our I give go note and of brief business on to a when overview All the we detail more have following
Michigan received improvements supports the service through our Electric our and Tree more order which rate Public automation of constructor from our reliability both that and the So to May, in to of program was customers. which charging grid. will program Trim benefits the vehicles. electric is order, aggressive new infrastructure customer in result This an the the Including Charging Commission growth. for residents back significant EVs education Forward, program, DTE supports modernization and of Michigan Service also It businesses incentives, this for will bring approval in
a of we and recently of purchase for approval July electric the filed new We three in new parks. case company wind received also rate the Michigan
accelerated ownership number At DTE an additional XX% main total of have progressing Gas, our a system Gas renewal we projects program, transmission At nicely, additional and bringing Storage & we our including Link, that our to improvements. are Pipeline acquired of business, XX%.
well our it we acquisition stake that's since forma already to into perform And Link's is assets familiar in in continue Link supported organic business, XXXX. that performance future. the additional pro stems it This we existing nature underlying from are resources. better complements expect been midstream acquired This and we to by in than solid very has with.
projects pleased announce the business, call. we Power mentioned new the Industrial These are in addition projects. quarter cogeneration on three on are Moving to to RNG & first our to
our space. excited energy about very We within involvement the services industrial are
million. know, $XXX earnings XXXX $XXX is all as of sunset The to move in our As range REF plan you replace target long-term earnings our to million forward for XXXX. toward earnings will and these P&I we XXXX
of are We approximately million ahead year plan $XX this per of reach to earnings target. originate to
on with additional achieved feel that XXXX projects XXXX. in originated XXXX, projects. with halfway We Company the have successfully projects, secured slides. two project these that in target I'll we us two and projects provide know, XXXX XXXX. to in and through more growth that our Ford you we P&I RNG great on Motor developments cogeneration for the three As target following gets origination RNG which RNG And details two
highlight slide But of on X. utilities achievements several both want to first, significant I
order As received constructive the I case earlier, company mentioned rate May. electric in a
with Michigan relationships Service have appointed constructive to working Phillips. newly Commission, Public the continue and the with commissioner Tremaine forward look We very to working
total necessary over damage the to system our We're rate to which our opportunity approved surge will base $XX was our of harden to make the to a serve for past given efforts, also trim customers. continue related of We're tree our and improvements most for our weekend billion, well, customers trees.
So And significant our I believe drive improvement for will that. certainly in that surge of the we're performance the grateful system.
requested rate new driven In DTE case. we $X.X filing, a the infrastructure this base generation July, distribution availability increase, billion Electric and MPSC ensure that investments improved to rate by approve filed continued early reliability. In a
quickly. more pilot overload, system program The capital case circuits. the better to be restore operating MIGreenPower to detect through requested participate will XX:XX avoid renewable remote and debt substations achieved structure that a our reliability redesigning includes our to continued income filing program. adding This income and voluntary will The in outages enable customers filing rate low capabilities renewables a of also more equity upgrading low and
final the this expect case We order on May. next
renewable will projects, in customers. mid-Michigan in as of DTE's energy in well clean producer are federal the for XXX credit, we energy our largest wind a Two totaling parks, will savings qualify energy, received leading of XXX% which state, megawatts for portfolio. the resulting projects largest purchase the the in the renewable of Michigan's As tax located be as three Michigan projects approval new that benefit
XX-megawatt increase and The clean, additional commitment is nearly renewables providing alternatively its which program, used company's the customers. in Michigan's will to Peninsula, our the to to the which -- be renewable a power MIGreenPower is sales support third These furthering energy products voluntary under portfolio project park affordable reliable program. XX%, under Upper DTE's may Michigan
part these us renewable our the our least of who of clean XXXX. portfolio MIGreenPower. XX% will largest customers wind commitment chosen a meet the by have at new reduce help Investing energy in by key needs Adding energy to emissions is parks carbon our to
meet renewable goals. aggressive reduce business have and our We programs, our voluntary to to enabling more carbon footprint sustainability plans or energy expand personal customers
the these will economic We are environmental proud Michigan. benefits and to projects of bring
clean helping they benefit driven also renewable projects energy. renewable DTE of or more since in investment sustained XXX,XXX the DTE's and while are homes XXXX than the $X have invest DTE's than renewables five created than more with additional projects of only economy. more not Michigan has billion X,XXX years. Michigan's equivalent an drive powering the billion $X.X energy next will environment, jobs over
program, and qualified is our new enrolls beneficial I rebate residential who or in for to vehicles. able charging. electric used be purchases $XXX DTE Charging also Electric a leases of EV, earlier, EV their for a installs initiative a rate a We'll charger, to special provide As customer which mentioned or to launched a new Forward up
customers charging equipment. can DTE's business on also EV our incentives receive
Commission as supporting industry Service as We program. are thankful advocacy environmental Public our and of groups both, auto well our in the for support EV Michigan the partners
late Also we license in unique in plant. renewed is June, Ludington in takes second with enjoy the along Pumped U.S. of and geography Michigan. advantage for we our of CMS, X,XXX largest a over capacity the Storage the megawatts here with Plant the The hydroelectric
in upgrade investing $XXX XXX prepare will of long-term it megawatts are to for We million and capacity which Ludington, future. add a
demand power demand turbines uphill through through water The completed to a renewables electricity be water The on The in energy reservoir giant it drops. gallon our and and the is stored supports because are XX output when at plant generation, releases Michigan schedule upgrades to renewable can when downhill be the hydroelectric low like a generate Lake energy pumps battery higher. billion that and from tapped times XXXX. plant acts generates
allows Ludington keep peak to to helps and Energy when avoid minutes XX to out-of-state peaks. having DTE energy buy energy bills clean, provide can just It source. ramp expensive lower, in reliable it output because also electricity demand up to sustainable,
plant site Water Energy necessary to significant Center year amount Six broke are in arrive week, trades has with days date. civil million numerous the year. expect site an workers of work new XX% expected a and on support last to a progressing complete, A around also plan. the The little received later on over service XXXX is we project. $XXX Our this the Blue ground representing turbines spring all been We and is the completed permits.
fronts. several Moving our on on mentioned gas progressing to company, I are we
Our on is accelerated distribution renewal track. main program
year, have XX miles completed year-end. XXX will We by miles this complete and
by replaced plans miles, years, several X,XXX have to past XXX the miles replace over additional Over with an XXXX. we
our We're risk-based in additional a of transmission support also the reliability improvements, of our following renewable including system invest system our developing to -- gas inside integrity and program plans transmission approach utility. growth,
XX,XXX XXXX showcased XXX are utilizing our model of range demonstrate going lines that We the great these or horsepower working things of in with Together regulators upgrading programs. of and in by prudency the transmission risk these Michigan. reasonableness here replacing programs XXXX. are and by our and be prioritize approximately on compression miles We'll
non-utilities with the on great of progress X. Now and I'll feel XXXX year-to-date our about we and Storage as Starting the slide rest well business, beyond. for as turn to our Pipeline the Gas outlook
year, reasons, an of of year the of including The the half second of of from GSP increase earnings XX% half the number additional for Link. a acquisition first the will
are Also, as you close in proceedings which the through half for is the progressing with regulatory acquiring remember, strategic Generation track is as growth NEXUS. second on is we the it DTE of and to consistent plans year. Pipeline, The acquisition this Enbridge
lateral system upgrade service Millennium's first late and replace of Additionally, in the quarter year. this Eastern
new resources. well, is the GSP in have to XXXX. to we're progressing a Due system very expect connecting gathering we factors, and expansion Link solid Finally, the finish expanding these all quite
Next, Industrial and business. through walk our Power I'll
quarter This came we've in number fruition. had of to a deals, works the
cogeneration finalizing We are three new projects.
a we a developed finalized agreement Lake their facility with First, strategic development Ontario. project Stelco, in Erie steel cogeneration at
DTE's utilizing to customer. This large to gross provide our these off-take hot Both underpinned to by Also, reducing electricity CHP industrial cost we chilled cogeneration the excess agreements. and purchasing are by reduce within peak serves that space its facility, will and commercial a for investments enable long-term pricing. are fits project energy strategy a a experience plant Stelco energy commercial in on-site customers. water industrial to exposure gases and of well provides
a will power. Center Finally, operate P&I on backup here and is we central in CHP county-owned provide and to also Criminal in track chilled utility The the County, Justice design, Wayne build plant Detroit and XXXX. Center. operate water Justice begin at hot and will operations plant,
mentioned there. in front, On located on extensive Both we on we first our on the we built Wisconsin, quarter greenfield closed have where a strong projects experience projects, have based call. RNG the two presence, are RNG
For competitive and better returns the can of projects returns I is reasons, I just the investment non-utility get tell all they in these $XXX but we on assets, excess utility million. don't you that discussed discuss capital the than for
and As developments earlier, to REF how feel we our about recent great plan fit will near I our replace mentioned earnings, project in they the future. sunset our which into
share And with that, I'm results. financial going to to to our turn it over Peter
