NRG Energy, Inc. (NYSE:NRG) Q4 2014 Earnings Conference Call - Final Transcript

Feb 27, 2015 • 09:00 am ET


NRG Energy, Inc. (NYSE:NRG) Q4 2014 Earnings Conference Call - Final Transcript


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Good day Ladies and gentlemen, and welcome to the NRG Energy Incorporated Q4 2014 Earnings Conference Call. At this time all participants are in listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, today's conference is being recorded.

I would now like to disclose today's conference call. Mr. Chad Plotkin, you may begin.

Chad Plotkin

Thank you, Kevin. And good morning everyone and welcome to NRG full-year fourth quarter 2014 earnings call. This morning's call is being broadcast live over the phone and via webcast, which can be located on the investor section of our website at under Presentations & Webcasts. Because this call will be limited to one hour. We ask that you limit yourself to only one question with one follow-up.

As this is the earnings call for NRG Energy. Any statements made on this call that may pertain NRG to yield will be provided from NRG's perspective. Please note that today's discussion may contain forward-looking statements, which are based on assumptions that we believe to be reasonable as of this date. Such statements are subject to risks and uncertainties that could cause actual results to differ materially. We urge everyone to review the Safe Harbor statement provided in today's presentation, as well as the risk factors contained in our SEC filings. We undertake no obligation to update these statements as a result of future events, except as required by law.

During this morning's call, we will refer to both GAAP and non-GAAP financial measures of the Company's operating and financial results. For information regarding our non-GAAP financial measures, and reconciliations to the most directly comparable GAAP measures, please refer to today's press release and this presentation.

And with that, I'll turn the call over to David Crane, NRG President and Chief Executive Officer.

David W. Crane

Good morning everyone. And thank you, Chad. Even before I go through the familiar rituals, introducing my colleagues, I want to draw your attention to the latter part of today's earnings release. Where we announce that Chad Plotkin is stepping down from being Head of Investor Relations for both NRG and NRG Yield in order to take up a position as Head of Finance for NRG Home Solar. Chad came to the IR position three years ago as a rising star in our strategy and M&A group, at a time when we decided that our Company and our investors were best served by an IR head who had been deeply and directly involved in the business of the Company.

In 2 years, Chad has worked tirelessly to explain the complexities of NRG, to our current and hopefully future investors. But Chad has been more than that during his tenure, he has been a trusted adviser to Kurt, Mauricio, myself and the rest of the executive leadership team. As he moves to a critically important finance position in Home Solar, our loss becomes Kelsey Pegler and Steven [Indecipherable] 0:02:48. For our part we wish him