our thanks, on on units. will provide this discussed so our to we'll our we successful an will Well, progress questions. up each achieve on update and have the first our wrap implementation I'm others earnings because pandemic. strong achieved take DTE serve part on of well track to to proud in begin and achieve good crisis. you our we of ensure at Ruud targets going financials, your and also to of quarter that thanks great an and to families saying I goals; much the of support and this our then which have am business update provide I each so for want and our it by and together be us everyone, long how highlight way the this joining plan such review are amazing Barb, our been to very and before I response of positions team term today. continue morning It your This a during to working hope and us is us of I communities, team deliver responded puts healthy the Dave safety we morning, that provide XXXX safe customers, our investors. for financial call, COVID-XX
continuing take to the opportunity announcement Dan Commission and appointing on Before taken Scripps the be he we Chair. thank also Sally work to to and the Since MPSC, commissioner congratulate I'd to approach, the State like for to balanced contribution policy matters new with to her forward a Talberg we former and for like work start, recent him. positive Chair, on joining the Michigan. energy of look has regulatory I'd him tireless
respond on At first of pandemic. the let's Slide we to X. end the the plans our quarter, So and start shared
what and our were about also we customers, targets. for talk doing employees, how communities will we our We investors, achieve and financial
progressed each areas. have really well these of We across
with Let's our employees. we what start doing for are
and We home. well-being, continue their March working over focus to on since been have from and employees X,XXX safety
really going you that Let really, is me tell well.
people supporting Our safety productivity. our to systems our of work continue have better, including and metrics and many and well never been
normal. plant This Our to deliver the or the a our our may and continue ensure new personal be new adopted better of safety safety they to for procedures customers, as and customers. their normal field employees
improve possibilities continue the flexible of at different looking more arrangements that could are employee We to and work engagement.
eighth highly we remain ago, Workplace received to month Gallup employees about just Our a for Award in I'm say this environment. that engaged the Great year. pleased consecutive
our We company's commitment our receive are culture service really to strong still the reflects only It award. excellence. this utility to highlights and
putting track low work one very Our safety driving injured safety records to in with the the best rates us industry. are have focus of employees on
doing I our DTE of employees on do, have they're ground, work paused lost our recover proud continue to work am plan. great all on to the economic hard worked the and executing very and thankful have response bandwidth. been I'm employees Our for very that
and reliable customer continue the we deliver safe front, to On energy.
have improved metrics In service fact customer last over many few months. the operational of our
We have Residential the Excellence. of top quartile for nationally ranked Power also Service in JD
are we during essential energy. delivering beyond this pandemic customers their our reliably to ways creative Additionally, help finding
DTE example, help connect streamlined cooperation submitted Services for customers. most To Emergency State this like their be nearly For we who make energy our programs. the Health some customers thankful the vulnerable difficult. with customers sure and the extremely of Department are left COVID-XX realized growing that with XX and behalf no to very did applications assistance on every to and has significantly step continue guide payment employees We X,XXX those enrollment We Fund our impacted are and To-date, of the with cooperation. of by people we energy behind, can have assistance trained plans extensive and Relief MPSC over one Human for for through programs process.
received for electric innovative the financial also holding an while on approval from approach We through flat XXXX, still MPSC targets. rates for our delivering
safely, quickly power storms and in to We our working July, able contractors efficiently. incredible want efforts. team June We're our all significant normal our also experienced restore fashion, clock. in and of a and employees involved couple as is employees around these and the DTE thank very I reacted to a
also service We've continue one who resilient. philanthropy are that top are communities focus by Light, of volunteerism, to address Corporate community customers, the and world-class through work Points Citizens. and their are engaged to volunteerism. with We of recognized communities Due employees, our as we our the and our satisfied needs of country's
continue pleased position higher hit with end to to our value operating also a are potential guidance, guidance XXXX We to EPS of we to units. our on of in reaffirms the the for say deliver I'm some that business investors.
and operating EPS our target X% sheet our balance We strong. is continue X% rate, growth to to
year. X, Slide accomplishment more about this talk our I'll where to move Let's
across and are results quarter second units year-to-date are all operating business Our solid. our earnings strong,
the tell were mitigate experiencing. executing call, first this weather quarter on developed plan. a As we we in are and to I plan that mentioned significant response COVID-XX we can you And challenges we the
progress So the made great far company. we have cost across savings with
and non-utility forecasted we a better businesses With above and positioned have the extraordinary across we continue than events, of or XXXX is Weather plan. well original each for all at for Our all to perform our for achieving tracking customer long targets ourselves confident tailwind, growth. these in electric has our provided XXXX our and efforts term classes. load recovery strong are and financial
the to and accomplishment and zero a will XX greenhouse pipe budget, of ahead in an have We case, of these for emissions significant units, to our for to a each challenging on this rate construct and & we under that partner we of commitment August progress our Gas, our for month innovative avoid at settlement will At be on and by pipeline regulatory Electric, efforts in the length a Pipelines environment to customers diameter. on miles announced May service key schedule crisis. Xst. achieve agreement suppliers our this order general on a in ground seen Gas rates inches increasing positions is At approval in we of most time be business our constructive our with LEAP filed and during received our through the DTE business, year and We At of case plan electric today's fully gas budget. significant in solidified This gas got and Storage and net very DTE XXXX. on recently flowing and general front, received a have rate economic customers test XXXX. XXX
efforts our agreement the last but to our energy detail we project position finalized continue Finally year. Industrial into we Power and at target these more operating EPS on I'll and on industrial X% next say through services that these achieve term an on success I'll slides, XXXX. to growth accomplishments X% business, for long the go mentioned and us to other few
consecutive meet making exceed targets. or well to way our to our We XXth the year XXXX are on goals our meeting this
discuss impact move progress on Let's to are our Overall, what well economic these we of less and is than we are the plan. to challenges making X forecasted. the Slide we doing response strong
our During start we to then slow a start quarter scenario scenarios Michigan laid first and back a may scenario. out work, going for two call,
turning scenario, really work as part, ahead our to good For we start a at pace. the tracking most May Michigan, we are as were of
During these on estimate that sales the electric impact daily technology. We Overall, AMI been unprecedented data upside. our times, with through of we surprised full year electric we sales have watch our the help will sales tracking industrial be out on you residential first May with call, commercial for the the we earnings better quarter and scenario. sale laid what tracking for our plan than start ahead of
weather is forecast sales, warm work. the to our also we our summer adjusting levels. approximately would tracking we the months, conditioning most Our to that XX% to pre-COVID are home sales To sense that levels sales based stronger. commercial when shows our on favorability give the and recent even to at industrial data experiencing was normally of air you We're people sales approximately budgeted is shoulder day, cost Residential due AMI the at the budgeted closely in COVID-XX been of response are pre-COVID data returning plan. have rebound during XX% the of being not their in they seeing seeing and returning a and
over to plan response that Now, the laid in out our let's switch first we quarter.
savings be one-time Again, look savings. target, We of implemented savings opportunities our now a to across for permanent will are have we on all more identified in for but right of tracking businesses. cost and lot and these continue nature,
impacts our continued quarter refined position into some future future this us With providing July develop rate pulling our forward As weather had in in we put customers. response on to plan. ahead a tailwinds favorability warm us that I is XXXX, for from mentioned, strong costs, plan some our we to have this has positioning favorability weather XXXX to ways the minimize going
minutes. Dave of and confident the in our regulatory that pipes At for reached continue We to we we'll priorities that, to talk guidance our move at energy end company, electric be support more customers. at agreements go signaling With few let's that in DTE earnings over are the Slide also business that key X trading. Electric, business higher about will to a update.
rate approval strategy increases unchanged a financing includes Power received received and strategy few for maintaining our to that the solidifying May, tree a some support affordability, rate regulatory securitization This achieved our cases allows the while retirement milestones delaying River earnings case acceleration for order plan within our accelerated innovative and customers. This certainty our by for us of a alternative keep MPSC's our the we position Rouge at tax cash filing, Plan. also constructive through to additional weeks ago, work our business. the allowed customer rates in and amortization rate enhanced in We We XXXX and the while ROE, deferred still trimming rate avoids operational a of the plan.
renewable producer. a Polaris Wind we The that park energy also will these goal XX% XX% significant emissions in the will projects by to homes. XXXX. is park clean approval online customers remain generation projects plan capacity. XXXX. power our of also remain We of annually and has an offset which plan. additional standard the in largest Michigan's Michigan I'm equivalent the toward will XXX,XXX can solar for We We quarter. The energy by us greenhouse and carbon This XX,XXX step bring renewable This wind proud for XXX projects renewable received our When turbines, new energy megawatts delivering to from commissioned for and enables second our amended goal reducing for say solar the wind operational, to DTE's triple largest cars. of community. emissions our solar XX committed gas meet
Since clean to the infrastructure billion commitment in economy. and has driving energy $X XXXX Michigan Additionally, energy and in investor also renewables largest wind DTE benefits Michigan's of solar our been investments.
double in capacity. By renewable energy XXXX, the billion $X will customer’s the its year and power an company invest be energy. than Over assets more generated XX% renewable with energy our of renewable additional plan, five will
to Now, next announced on by Gas, slide. gas gas emissions about DTE recently let's commitment the greenhouse net zero we company XXXX. talk At the our
efficient We promoting efficiency will with a natural customers' energy homes. usage and goal this measures our gas combination achieve of more within
we our our tons million stations greenhouse developing operations, emissions reducing pipes, to that methane natural by year and engines increase as at gas compressor more be for older have utility, reduce metric options the Within through reducing happened, Through than drill renewable we We emissions through suppliers losses to while will gas will by the replacing carbon cut and gas biosequestration. emissions by a efficiency will our gas. such they gas operational improvements upgrading X our our require XXXX. the offsets
debt the to case MPSC we miles XX% to renewal main X.X% equity of we This and course reached of is and capital are XXX front, a settlement supports our subject to our On of our XX% a After relief, $XXX rate million tracking regulatory constructive planned ROE, with in XXXX. to approval. settlement resumed investment which includes complete rate a plan structure. brief pause, work a
transmission system project. We also our began renewal construction on
for to with will Our of to help assessed ensure mitigate and emission-free these projects deliver in is through goal our the lines integrity and customers the to our environment. us for safe Overall, outage transition line reliable continue service to and potential be customers our inspections.
Now, natural demand our pipeline slide we're in gas business, talk well, and be about quarter. continuing business. the all particularly we in favorability oil by across let's continues move to Conditions dynamics caused continue next to to perform the the supply to basins low see favorable for midstream in focused the GSP and that as prices. platforms to second
pipeline complete. of our construction earlier, I As LEAP mentioned is
will Xst. gas addition our service month pipe portfolio, markets. Gulf in the be for will be are and fully This a test We great gas August transporting flowing on this to
All locations strategic of in well great opportunity future located creating assets our are growth. positioned for
parties on couple counter and term and minimal of remain in years the maturities. near have perform Our over positions, highly to hedged next plan continue are solid
financial revisions. include and debt a X.X approximately and robust fees, earnings. And in commitments adjusted EBITDA well being year adjusted organic of is and allocated credit four it to midstream visibility times, from producing are about $XXX providing has decrease strong it which grow business demand need the will service. or operating our positioned of on of platforms, to into GSP and make structures contract million Our our first EBITDA XXXX business. times GSP's volume We strength value after creation full while premier LEAP our growth focus in
continue date. to agreement finalized activities sunsetting co-generation P&I, of We construction development project. and have our we an on this At estimated of new Now, with the I'll the review project focus backfill progress services the P&I slide. in-service on and industrial to RNG next begun a REF quarter energy XX
cleaner call, on Ford These Wisconsin operational. first our a are growth projects earnings focused CEB environment. quarter mentioned and we fully As RNG drive long-term projects on and
puts of year. All for the position our this to very us progress reaffirm P&I good guidance in a
saying to Before over our deep LEAP we by about in-service date really let the planning me for have to financial of in summarize I Dave that XXXX. talk performance, The uncertainties for early up settlement is a at two our it strong the removed pipeline turn be XXXX are and a regulatory successful the to and year. setting utilities significant XXXX,
Dave, over Now to you.
