upcoming also to isn't Thanks, treat. more forward Lisa. We to you so in update, to trick call. I of up getting say have a with discussions a I'd those EEI financial relatively or for following want give And you we average look conference. today conference your you I comprehensive update. during then But the lengthy ready apologize
$XX.X IDACORP's income quarter a because X, $X.X the in were for this rates. increases increase irrigation contributed the was the the to on expenses. going Those reconciliation and included over net customer Slide third due in past quarter's start in expenses last and the labor-related case of costs expenses quarter. XX at base I'm the increased usage Idaho million other third rate in O&M growth also year of $X customers, income of last million year. of Higher costs were to offset higher So quarter. insurance part from pension-related of and Idaho versus net That's the other That by Power X.X% residential customer, the $X results. increased also rates Idaho from for and partially during this expenses to base Total related through they from year's quarter. for revenues benefited on wildfire increased retail increase in for increased pressures in O&M months. particularly million recovery mitigation Inflationary retail third million
$X.X the increased for expense quarter. million Depreciation
expected system that that cost from construction made in as to reliability. by net Other million. quarter a through revenues increase higher for debt, growing the That to system expenses you deferred weren't from in in net those interest rates maintain on investments supply to progress $X.X increases adjustment And the we've an balance power decreased higher work expenses expenses rates from power increase changes and expect. We increased was due nonoperating future expense partially meet a and net by customer in AFUDC a in operating the $X.X offset from needs cash. mechanisms. decrease and recovery increased mostly long-term on on million income income interest were might third combination And of in interest increased basis, operating a
to tax offset of taxes, last in quarter. the in compared third partially before mostly expense income additional in higher increase year's amortization income shown was The result table ADITC the by income increase an
costs flow case all supply and Idaho comparative a and XXXX to to close revenue Cash combined help January significant the in net from with cost substantially The power the supply a notable change of moderation X. Slide to June improvement rate benefit improved million Turning rate cash That's rate XXXX last operations year. power changes flow. $XXX increase. a in from the from general
I have. time rest we that, want updates with some to my of the important Okay, that spend on
in energy-intensive IRP's doesn't retail the X-year the potential prospective substantial. which any And going is of customers Lisa nor to several loads obviously from rate include estimated preliminary the As X.X% remaining XXXX growth it Lisa include pipeline. sort the forecast that annual sign-on our for that X X.X%, point that reiterate are our mentioned, gigawatts is customers rate does of noted, I'm for sales
years So of on looking few that next potential load growth. load out upside of over additions, there's rate the still
results inevitably customer That CapEx. in additional growth
XXXX our upside estimates. this timing of XXXX the And X-year RFPs. potential updates project new we capital things increased resources, was X-year it resulted in that in and didn't that. And results a by and of from we like from increase our cost year, February February February different forecast XXXX our some include So there lot mentioned from of but XX% CapEx
made largely we've our through updated estimates for through XXXX CapEx projects we've our and RFPs, from those XXXX. So way
updated CapEx XX. are estimates Slide the And on
for our including projects. estimate CapEx XXXX, that's and These of of and over they're Wyoming Lisa And megawatts I think mentioned. updates you'll wind owned sizable combined, in include so projects, particularly XXXX in substantial. X company-owned project that billion for XXX-megawatt $X infrastructure through for those batteries XXX dollars interconnection those agree incremental the of ways some X AFUDC for X a them, projects terms just of
payment and So around. windows move timing construction
So our of of we'll billion add our is increase. slide [indiscernible] plan in XXXX estimate today CapEx cadence to XX%, to in the again this updates. the incremental total $X.X about as year this All magnitude usual in, We're February providing is current and because capital. update increase this which in our CapEx from our for update
We're not necessarily done yet.
noted, projects and potential into the industrial months several for capacity XXXX Idaho are beyond. we need all CapEx of customers in either RFPs that in in now to yet and from Lisa resources those mentioned. short serve its Lisa and Power of outstanding has process. process. RFPs, forecast, Any the list and as from out have company-owned large may As resources energy resource wins and submitted are excluded that RFPs we even Also not our They're we're proposed the incremental the I X knowing
I to think that to It's building our not customers. growing remember it's work. we're optional serve important
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It build financially base infrastructure. into needed isn't charged keep CapEx utility enough converting healthy. We're with through to to rate the the the that also process regulatory
see inclusion Slide forecast XX.X% On in our timely our CAGR our in-service latest with last in of that CapEx Our you CapEx on XX.X% was updated can and estimated based base the on assuming rate our prior CAGR estimated CapEx base the in February, forecast, XX, of new based was rates. estimates. dates refresh rate and
not was If in sure it filed rate expecting organically at in general rate look effectively X-year that I'm our from the least not Idaho decades. the a chart, net where double our you we're to industry last period our we few XXXX seen base before, in when at we've case.
Hells the precedent with doubling. late did it for of and we Canyon Power at X Although least the back portions XXXXs look Complex, so did construction is in that Idaho of the there
rates through for of can is, also a service rate customers for our infrastructure customers. This we CapEx the incremental regulatory help our formula. One undertake that system the rates are our rate pay construction like base with of Idaho's development position upfront load common pace growth? large or a new We XX% start premise load After base contract approach will shouldn't existing load national with a is large special harm area resources good average. level and affordable of on required certain how generation Related them dedicated that and to come or a we affordability, our in of share to their growth serves that, And infrastructure below regulatory new low that XX% to for accommodate studies. transmission received with we're substation. large directly pay keep that, new that out intertie for under around the customers customers the we've base ratio additional question customers those growth
growth, operations magnitude manage the record depreciation them customers, reduces and which contracts O&M our the I'll of including last, what serve increases. rate based mention much with to absorb rates. and also helps new have culture assets, And long-lived we're to individual an of constructing efficient denominator expenses say of rates. industrial with Also, on fortunate recovery keeping are to expanding of track customers special continuing our With a also and of expanding we're of cost to I'll
expanding of contract area and construct customers we'll is of our service of regulator aspects in that frequently, framework, those we'll rate existing our new reasonable customers, with providing but regulatory of and front each flows them. with cash larger expectation the our infrastructure with our Ultimately, for be for special for requests the much
framework benefit of this proposition prosper. of an value to cost our regulatory our helps our and and thoughtful important and that owners, from A area our and regulatory service our is development customers, all continued important economic thoughtful aspect service framework. in Our capital area constructive capital attracting our us
debt to metric Another area it's blend CapEx. growth plan ratio we'll said I to our XX% financing need us. a equity and before, that's capital want of really to and be for debt, going the our around we've cover equity. capital, intend for keep is important and and Like a We
through balance way keep strong sheet we We and intend have a to that now, it this cycle.
XX. rate XXXX and through the for Slide amount rate financing to And financed and it And we plan for see the in this into flow for The $X.X XXXX. about step in further needs our We've a already update base external including $X XXXX expect our call. run at cash build the is Turning CapEx for February we when need of to X estimate this external our of point, we XXXX capital down out we the needs from is helps. forecast billion debt. years, amount about we when and equity just next billion to in
wouldn't few a year. payment all so and our our any equity they're even capital when, And issuance year out Lots in much of on year and and assume blend necessarily litany I'll in spend, that factors, influence how are ratio given of maintaining the call external it's and project each debt capital flows, or need and of those cash equity or different of the our resulting quite any metrics credit timing few, dates, overall. a market equity the of Because proportionate or timing regulatory service amounts a conditions, and projects, and given recovery debt we'll financing consistent like factors major debt factors. things. I
year a last cash cash our operating lower flow will flow low this expect As year and I flow noted our financing going improved needs over substantially year, the has cash we before, increase help forward.
nature the of lots of in terms toolbox. we of financing, the tools have In our available
years. cost could subsequent equity, have for considerable our on We fund and next a needs For raising an programs method the potentially that's efficiency. use over current equity, given ATM we already, X program the preferred to the ATM amount of our file equity and
not route simple to time. and in That's maintaining convertibles in it's again, either. to markets. and off our our had table. industry. off the instruments financing have take the at financing to reception the though and necessarily vogue right a our the that it's the necessarily conservative and table, good not balance Historically, has understandable been not in right not the any debt, first don't company. We've be we've holding and capital preference We solid company approaches, Simplicity choice. focus beneficial on it's hybrids We'll Though, mandatory our and seen in and been sheet other more we've
Next be than more we continue as regulatory build-out, seen frequent cadence you've in our our on decade. up, infrastructure proceedings last the will
expected. in Idaho impact case the rate regulatory year, or with of seen this results year, which was our arguably The which traditional lag. general in regulatory created lag that test You've hybrid XXXX we case a historic a
May, at our end period lag results the rate to So of that is some we on test methodology. focused alleviate case idea requesting end XXXX in filed year The of a regulatory from Idaho the a historic base.
an rates service basis. more in approaches, assets cases limited effort projects, recoveries of collection high cases, scope rate of filing closely to forward, a customers. of all our different major continued timing could serving are when of types These with with frequent of still we match and avenues, in the one-off our the Going multiyear take rate cases, levels through CapEx, form general anticipate on
are supporting for earnings estimated are for shareholders capital think our growth for current our We growth providing business. our the who opportunity an growth, is and those who all this potential So growth? what rate rate base does future bondholders mean
there's of base for our structural rate typically we're remove, but an earnings, business our we've it's relatively core aspect kept the and small lag with because potential spenders estimating growth as start and consistent to you future thoughtful and baseline If simple. model
lag, from from but change the typically The equity year-to-year, growth is can time. is the in works factor regulatory the to Another which equation. other item consider dilution issuances to out over fund
not customers our of into we those industry. building earnings infrastructure quality account, the of infrastructure and among revenues ahead in factors of in comes and current growth, build future growth from door. we of of the as for be considerable we'd But that earnings all Taking particularly linear see a that infrastructure to expect earnings It's the amount profiles the the horsepower. use leading what believe course, we're time will represents necessarily
affordable. all this, So customer to a of both the a of This tremendous opportunity excite customers summarize for its for nerdiest infrastructure represents and also ahead us that affordability service we creates need for be even and We're that what focused growth on owners and believe have have formula a keep level our engineers. of would for rates our economy. company, electrical of to our challenge our area growth and an we to
we've imminently, in our support of increase it growth time. our will, before, cash for but not mentioned sheet We be course, capital. that help combination actions balance will flow, necessarily need, over as financing accretive those reduce regulatory plan with needs That's and
scenario we you is infrastructure on expect a expect, be growth in maintaining constructive of Our continued in execution this in our record as and remain of what development might environment. regulatory consistent to plan, focused rapid to
plan usage noted, on year a updated as and we a can XX, generally on also third earnings earnings the we and year And IDACORP's and saw results of slide. the operating this the our looks year to notable ADITC quarters. in updated metrics. I'll from expectation shows that see which start improvement our that, first After term our Slide expectations finally to wrap full guidance you So near Amy more and in the second in up, cover quarter, key our
year. We the on questions. thanks also as hydro final into move update. we tightened the Halloween, listening our Halloween With [ now our that, for range we're address quarter to ] lengthy of ready Again,
of at been certainly a a treat. fun. it It's lot might amount also One on going here IDACORP. call a have tremendous busy, We even but
