CenterPoint Energy, Inc. (NYSE:CNP) Q2 2015 Earnings Conference Call - Final Transcript

Aug 10, 2015 • 11:30 am ET


CenterPoint Energy, Inc. (NYSE:CNP) Q2 2015 Earnings Conference Call - Final Transcript


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Good morning, and welcome to CenterPoint Energy's Second Quarter 2015 Earnings Conference Call with Senior Management. During the company's prepared remarks, all participants will be in a listen-only mode. There will be a question-and-answer session after management's remarks. [Operator Instructions]

I will now turn the call over to David Mordy, Director of Investor Relations. Mr. Mordy?

David Mordy

Thank you, Ginger. Good morning, everyone. Welcome to our second quarter 2015 earnings conference call. Thank you for joining us today. Scott Prochazka, President and CEO; Tracy Bridge, Executive Vice President and President of our Electric Division; Joe McGoldrick, Executive Vice President and President of our Gas Division, and Bill Rogers, Executive Vice President and Chief Financial Officer will discuss our second quarter 2015 result and provide highlights on other key areas. We also have with us other members of management who may assist in answering questions following the prepared remarks.

In conjunction with the call today, we will be using slides which can be found under the Investors section on our website, For a reconciliation of the earnings guidance provided in today's call, please refer to our earnings press release which, along with our Form 10-Q, has been posted on our website. Please note that we may announce material information using SEC filings, press releases, public conference calls, webcasts and post to the Investors section of our website. In the future, we will continue to use these channels to communicate important information and encourage you to review the information on our website.

Today, management is going to discuss certain topics that will contain projections and forward-looking information that are based on management's beliefs, assumptions and information currently available to management. These forward-looking statements are subject to risks or uncertainties. Actual results could differ materially based upon factors including weather variations, regulatory actions, economic conditions, commodity prices, changes in our service territories, and other risk factors noted in our SEC filings.

We will also discuss our guidance for 2015. The utility operations guidance range considers performance to date and certain significant variables that may impact earnings such as weather, regulatory and judicial proceedings, volumes, commodity prices, ancillary services, tax rates, interest rates and financing activities. In providing this guidance, the company does not include other potential impacts such as changes in accounting standards, the value of ZEN securities and the related stocks or the timing effects of mark-to-market and inventory. In providing midstream investment guidance, the company takes into account such factors as Enable's most recent public forecasts, effective tax rate, the amortization of our basis difference in Enable and other factors. The company does not include other potential impacts such as the impact of any changes in accounting standards or Enable's unusual items.

Before Scott begins, I would like to mention that this call is being recorded. Information on how to access that replay can be found on our website.

And with that, I will now turn the call over to Scott.

Scott Prochazka

Thank you, David, and good morning, ladies and gentlemen. Thank you