in for this Slide as X it Thanks, and reconciliation. tuning $X.X and high year's year last start I'll IDACORP's income decreased loss quarter everybody. call. on year. the Thanks of higher compared revenues. quarter Lisa. in to record weather-related the usual, Recall line bolstered first first Like the net Hi, was our from first a of million quarter, last that usage by atypically transmission quarter was for
Next, XXXX rate retail first a was customer case increase grew the seeing income I'll due contract of customer per that's during weather decrease that the slide, volumes that quarter.
Also, the January load add the X despite new operating to growth and system, quarter hour, benefit revenues the period winter quarter. a net customer having adjustments and net on by the X.X% in that operating over was X.X% $X.X from a million peak year. customer in megawatt increased hit January settlement, from sales XX robust various shown the to count residential $X.X year. temporary rate increased growth general the This and special as the Lisa of by normalized this of past notable of well. by industrial growth last seeing Idaho in of which impact quarter-over-quarter increase first months. Power's income Idaho one noted the over growth mostly in was on in mechanisms We're rates effective base compared industrial our on million the X.X%
is by the benefit usage from which offset other quarter million of compared EPS per customer with last in $X.XX the first going way, growth was year. retail customer, a the So of $X.X about decrease
quarter. decreased saw purposes. year's below for for some X% usage, temperatures days period heating classes first on residential a customer more residential about led last were in per customer compared to and normal less that, some as degree lower the While heating customers energy context significantly moderate XX% reduction for most to use usage And
of bulk the decline comparable is $X.XX weather-related. the So
XX% wheeling-related in impacts earned Total year, revenues, Next this increase year during increased wheeling transmission quarter due adjustment relative an a to which net first decreased volumes. of the last the power mostly on of $X.X up, million with basis. was compared revenues cost
of other of effective results that case and program now transmission rate We and expenses million However, regulatory in transmission base the by but revenues is general with financial of of offset straight-line O&M and to in mostly in losses the the increased O&M about net recovered increased compared settlement. virtue to in year.
Total the first last costs $X compared of increase related smaller with from those high, $X portion seem case increases mechanism with part converted of large this of expenses $XX.X a are last insurance the rates of increases of Idaho mitigation revenues deferrals Idaho XXXX as line offsetting PCA year about effectively would to contribution settlement, January rate a of first as are year. XXXX expenses, by quarter from in income pension-related quarter but subject first X, was quarter settlement the million to general that this settlement. part million wildfire Initially, overall more retail increases related amortization in revenues the expenses expenses.
These
now revenues. increased to an million the range that recover mechanism pension We place that wildfire than results, and O&M, existing the in as guidance actual and in is $XX amortizations costs.
Remember full to were mitigation last have O&M year's O&M $XX year million includes our higher regulatory recovering
year. the same think also the those these periods the based are timing revenue disproportionate that cover important on the line largely collection expenses revenues disconnect to amount related up because the the as straight recorded it's O&M on that's volumetric quarter, whereas not mechanically, increased of collected elements And of of third the There's recovery in throughout a intended realize interim during at rates, an costs should in cost year. are meaning is record to impact. earnings we show the with and rate I the expenses the to
$X.X of quarter. million, For the service. our the average, primarily first which expenses first increase plant only notable and to due year increased to costs quarter XX% a is mentioned provided higher the of an the the area last expense Depreciation X earnings on other was I'd Higher in labor contributor about years, in to has to annual as O&M seasonality. due
XXXX had magnitude of level this increase and into something of is the expected. CapEx this year, we we the in With
this the Moving operating in continued flow in changes along on $X.X notable benefit were power in benefit first quarter existing you increased I'll to decrease that than to by deferral increased adjustment to million. more net wholesale Idaho not wholesale net Idaho deferred was year PCA X% prices the the net decreased and power's Power's expenses expenses the turning through out cash table. power collection Western for income the that cost with U.S. mechanisms. as primarily get on much PCA fortunately revenues operating Other power year.
More subject a this raised a had favorable due and expenses This power future Think natural power year. That Idaho of cost mechanism in shortly. supply recovery and supply last moderate to market energy share and gas sales that of supply in
Nonoperating last quarter. average basis year's income higher on on our There's increased and our cash surprisingly, first historic by case. $X.X in compared first increase this into That was in in AFUDC. higher averaging largely increase expense. our The rates expense rate higher XXXX from million, on the balance The work-in-progress not recovery and with debt due CapEx year finance higher average quarter last an base depreciation expense long-term issuances, cash lag and a was offset expense partially elevated to from year's with was on our construction rate CapEx. increased balances. also equivalent Interest higher regulatory interest net results interest Idaho interest over to lag recovery and debt
next from rate upcoming resources. is our the rates expense. service year-end issue our in one lag resources noted, case interest and rate and It's both mitigate regulatory better to we Idaho case that help use those through in of depreciation that are Lisa our is iteration to the As base intend collection where in match approach on limited intent with to
additional ratably decrease income in report million expense an on $X.X in income amortization. quarter expectations additional was we investment the for tax based our The investment tax Remember, year. result income lower our increase taxes tax credit amortization of per and before the credit
during quarter. of onto we recorded first the So credit Idaho quarter. we reported million first last $XX.X the of regulatory settlement tax stipulation in And additional investment amortization year, amortization million additional the $X.X
new forecasted RFP projects, mentioned, results, we're forecast are results Lisa for this the a XXXX potential CapEx planned certain. year. additions beginning RFP get But timing what That, into to update. RFP more provide we process. we're currently of depends projects on process have this to that the the the all to for this of of of point, in our size can to enough As XXXX X-year details at capital see February today in I our at of on planning to CapEx before a we We on targets, figure course, were potential the projects. of provide timing both further terms high new say hoping on there's considerable update they're of regulatory What in outcomes, becoming our moving which total but a increase compared point, of to
to don't on a our with any any XX-XX our have We paramount to on stay fortunate investments We're And managing nothing until helps years. which next equity CapEx an better growth details to more top still to blend year mind financial our sizable call. have next it's So capital increase in by few fund sizable strength. maturity already capital of side. the is a at spend. in address and in and credit large Maintaining we hope a given on We're issuances our is our of quarterly that debt finance the CapEx potentially to structure. and fact, accretive of to dilution quantification the structure debt XXXX, planning magnitude
Also but issue draw XXXX as to all any from forward to it our year. we offering, funds of of November yet we've expect this the equity today,
plan some did an basis to program on discussed, also to at to previously go-forward forward needs incorporate capital sell like put our Timing in ongoing wise, option we've a with help a support quarter. equity November it we place our As plan. secondary be on program plan point the likely to on the ATM will in second year. last We we ATM offering
XX. Turning to Slide
year. change, the for first June XXXX compared XXXX saw net rate we cash to actually with the As a power along last flow. We flow rate expected, general dramatically in helped pretty in $XXX January that case change comparative regard. operations of from supply million The cost improved increase cash operating XXXX quarter
the So compared expect to IDACORP's last in diluted growth, in XX, that's power substantial range on most and per thoughtful we of strong of share year full year.
On to ADITC a supply $X.XX earnings management, and a this benefits the squarely to operational approach regulatory and moderation did notable the slide, continued the year Slide $X.XX for cost cost maybe efficiency mechanism. underpinned the by volatility be customer
forecast CapEx investment million tax spending Our $XXX $XXX for amortization credit to anticipate and unchanged. do between additional O&M ranges XXXX. continue are for on million and We
noted I it further, a upwards next target X earlier, moving over the looking years. and So as buy out it's
be million-megawatt hours our million. $X.X raised a and year, estimate relatively generation prior of we from increase now this snow an strong year, $X.X to to of have we We the hydropower had range to pack the million Finally, within from tightening We expect of solid X.X earlier for forecast. million a power hydro our the generation carryover X year.
customers this irrigation Power year. news on and good our for So Hydro
to And with that, questions. we're address happy
