Okay. Thanks, everybody. and Lisa, hi,
and wanted to give you congratulations. I started, a Justin, get I to thank Before big
like in Justin officer peer them. is certainly one of he do here, And leaving utilities I to our miss role. we'll later IDACORP did an month join there great he'll know and this just things
with excited Director Relations announce the will and Investor to company's Amy on Justin's and of departure, the in finance Risk her change, And to be I'm function. Compliance some that Securities comes returning Shaw, obviously taking roots current accounting,
at strong years, acumen XX forward you'll enthusiasm for almost and to have weeks months, to We in in and us chat phone we're, Amy's introducing slides. the I a out been next and the and end coming our or of weeks. with Amy's at look the contact infectious an considerable any her be virtually for of happy and to and to complements is few information to time, by plan about a you amount find course, do Amy that included
and the to X.X% summary customer has second million that. added reconciliation income. run quarter of Compared of to of through second growth our operating quarter's year, $X.X results, I'll X last Slide the
Our overall through to at an number received that residential just remains growth rate saw July's July. customer strong on uptick we over and X.X% we time X.X% customer period, growth and
Lisa and to points that strong customer for continued outlook GDP growth. area, Moody's our service mentioned
were a our X%, comparative that partly a planning also a really operational down you that usage quarter when basis. maintenance that quarter down last by was we for during year, we during that offset planning activity. and irrigation comparative in a for was owned last that growth the for activity that account we given seeing feel much good slightly sales about for facility this higher few we're year, see were economic Overall, cogeneration usage, the year, was increase the sectors. was customer's lower the system on of second in of So revenues in usage. but large it customer pretty low industrial to And industrial industrial due for much and related volumes But after customer the customer irrigation usage to didn't and per of but second industrial results sales quarter sales
relatively conditions. plant, revenue, year per average see the the retail below increased expectations from Idaho a rates the due that below operating of Further June last which income quarter Jim change year, and precipitation you'll and and megawatt $X.X order X second but from were million down, this year consistent in the increase temperature Bridger increase. in cases, Essentially drove in to irrigation both net sales hour on in our last
from in prices after X% last in transmission transmission wheeling-related revenues wheeling increased resulting costs. U.S. Next for table, Power's October tariff transmission Idaho operating paid $X.X on transmission customers energy income quarter-over-quarter the elevated of more due rate year higher million, by the Western increased to around Also,
The cyclical was inflation-related due on inflationary I expenses lower other lower continued by that O&M pressures labor a was and maintenance related difference operating costs expenses continued on that and year-to-date and on to costs, were other year. plant offset pressures labor from last scheduled quarter-over-quarter quarter-over-quarter compared focus mentioned. efficiently partially and Despite to and mostly
during second quarter. was $XX.X million Depreciation than expense higher year's last
impact out. expense of IPUC, coal-related was quarter Jim from on second The that accelerate from the remember Idaho notable stands to resulted deferral last year. Power depreciation Bridger-related Bridger depreciation recording the at and year the certain last of our assets that the order in it the order plant from comparable So the the increase authorized
related you and year's not from see and supply an for deferred $X next of were This partially changes table. also the the expenses increase driver through was million benefit rates the in in power recovery in operating revenue adjustment primary net decrease mechanisms expenses increase future service. power plant the in other to that on is A cost
quarter. second through plays cost quarter power least to forward last out. somewhat rest the of year better continue in of how and for year, moderated now, had and we'll we much prices see first they this year but winter, the look saw pressures At gas We fortunately, than in the the last
Next higher in market rates. on and due AFUDC average table, million from expense decrease due from nonoperating income higher to was the to construction interest the higher $X.X work progress in higher interest mostly
These this increases bond by an interest from spring. expense were past in partially increase issuances offset
We expect interest our higher balance continue year. results impact to over to expense the of the
X.X% the expense, We on which resulting a tax $X.XX amortization million. the income recorded credit Power's us last was income deferred full-year greater nominal impacts balance of the for of ADITC's based led million. help of investment from amortization full-year on income second expected Combined half in of quarter. over additional million to items net mostly regulatory use higher under Idaho recorded of is of offset mechanism Idaho all more jurisdiction, credit total to to current our $X.X additional pretax $X.X other subsidiaries, additional $XX year-end our combined income IDACORP portion additional tax allows million results, one in increase by from now with amortization than of tax expectations to accumulated equities this a accumulated lift reporting return our Finally, year's these of year-to-date
imminent, where that now at to try to ratio and where the XX% target relatively sitting structure. we've compared end equity we Idaho were to capital ahead, Power's year-end, given at we has both before, we target moved our strategy as plans that debt to on size issuance future of of our forward Looking at even of target QX, as closer a mentioned our that given capital ratio, don't equity approaching going the includes and are we still financing an a blend growth. ratio, fund equity see and we're but
market balance more how conditions as ratings, our some and those that, been items mind We've might make issuances. we plans. of dilution credit capital like And and work need course, and spending to time debt determining detail the impact in equity interest keeping in in we're, on we doing rates
the Idaho positive operations year fuel million begun during flows high the past starting from the Commission of Turning over for returned lag X. the costs seeing six the power flows of XXXX. from cash months the of abnormally $XXX approval already after Cash from We May Slide year June regulatory rate to to the first effects received to to from and collect higher costs. X fuel operations. this that year PCA through improve through has year and power of change from And territory
XXXX XX, As share. to range can earnings Slide we IDACORP's you to be the see diluted of to in on $X.XX $X.XX continue expect per
use amortization the that around tax to Power return year-end realize in Idaho on Idaho. assumption million credit the will X.X% With investment $XX additional of equity
portion the of for one and the the normal more balance and on and to booked now With our EPS power year, the our track supply weather rata of of year. normal quarter had assumes pro we've second results, mentioned, expenses range. for thus a we've I year, half the start far over solid As guidance this that we're
We customer and continued moderation from growth results in costs. to in second sustained supply a power benefit expect half the hopefully
we second the lower investment, other transmission quarter and prices to CapEx hand, potentially revenues to interest fourth higher due our last were Energy compared depreciation the in to On see volatile. expect year the wheeling-related of Western abnormally when expense and half
less efforts, and expect scheduled to with in received. compared credits savings be some We to our management expected continue cost to and of with typical of federal $XXX full-year we've maintenance million, related along to the year to plant the million range $XXX last much O&M grants
staying the million, beginning $XXX We and still next $XXX on could working to this for at With and year far we're slightly year, of year. focused lower this we're in XXXX O&M range trending we're on capital be than the end, and thus expect it. CapEx spending XXXX we're expect year's for on track, larger the higher at predicted million this CapEx we be budgeting what of to
X.X affirming million year, high This X.X below of is winter are forecast actual our last range million. yet still our which effectively has in our of million we of us within the to generation million summer strong The helping usage demand for compares Finally, X.X XX-year well, reservoirs X megawatt average with cost the hydropower generation season. filled snowpack meet hours to be year.
chance the shows forecasters towards leaning Noah. from outlook the are weather above-normal through for Current recent for temperatures of temperature XX over August precipitation suggest and normal projections Slide October the that for see balance a precipitation and summer. decent
stop answer questions. there, call the and others happy Lisa and are on your and I'll to I
