TransAlta Corporation (TAC)
Q1 2010 Earnings Call
April 27, 2010 11:00 am ET
Jennifer Pierce - VP of IR and Communications
Steve Snyder - President and CEO
Brian Burden - CFO
Ken Stickland - CLO
Frank Hawkins - VP and Treasurer
Linda Ezergailis - TD NewCrest
Bob Hastings - Canaccord Adams
Matthew Akman - Macquari
Andrew Kuske - Credit Suisse
Michael McGowan - BMO Capital Markets
Robert Kwan - RBC Capital Markets
Petro Panarites - CIBC World Markets
Good morning, ladies and gentlemen. Welcome to the 2010 first quarter results conference call. I would now like to introduce Jennifer Pierce, Vice President of Investor Relations and Communications. Please go ahead.
Thank you, Jessie, and good morning everyone. Welcome to TransAlta’s first quarter 2010 conference call. With me today are Steve Snyder, our President and CEO; Brian Burden, our Chief Financial Officer; Ken Stickland, our Legal Officer; and Frank Hawkins, our Vice President and Treasurer.
Earlier this morning, we realized our first quarter results, we hope you’ve had a chance to review them. Additional operating information will be posted on our website after this call. All information provided during this conference call is subject to the forward-looking statement qualification, which is detailed in today’s news release and incorporated in full for the purposes of our call. The amounts referenced in the review are in Canadian currency unless otherwise stated.
In addition, the non-GAAP terminology used in this call including comparable earnings, operating income and gross margin is reconciled starting on page 21 of the MD&A. Per share figures for the first quarter of 2010 are based on an average of 219 million shares outstanding compared to 198 million shares in the first quarter of 2009. Please note, financial information has been rounded to the nearest whole number.