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TheStreet Open House

RRI Energy CEO Discuses Q3 2010 Results - Earnings Call Transcript

RRI Energy, Inc. ( RRI)

Q3 2010 Earnings Call

November 03, 2010 10:00 am ET

Executives

Dennis Barber - VP, IR

Mark Jacobs - President and CEO

Rick Dobson - CFO

Analysts

Brian Chin - Citigroup

Neel Mitra - Simmons & Company

Lasan Johong - RBC Capital Markets

Brandon Blossman - Tudor Pickering

Ameet Thakkar - Bank of America

Michael Lapides - Goldman Sachs

Gregg Orrill - Barclays Capital

Zakeeb Mirza - JP Morgan

Nitin Dahiya - KLS Diversified

Presentation

Operator

Welcome to the RRI Energy Third Quarter 2010 Earnings Conference Call. My name is Christine, and I will be your operator for today's conference. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded.

I will now turn the call over to Dennis Barber, Vice President of Investor Relations. Mr. Barber, you may begin.

Dennis Barber

Good morning, and welcome to RRI Energy's third quarter conference call. Leading the call this morning are Mark Jacobs, President and CEO; and Rick Dobson, our chief financial officer.

Following our prepared remarks, we will have a question-and-answer session. The earnings release as well as the slide presentation we are using today is available on our website at www.rrienergy.com in the Investor Relations section. A replay of this call will also be available on the website approximately two hours after the call.

Consistent with our past practice, we are using several non-GAAP measures to provide additional insight into the operating results. Reconciliations for the non-GAAP measures to GAAP figures are available on the website. As we previously indicated, we are not updating the 2010 or 2011 outlook in light of our pending merger with Mirant, and do not expect to do so until after the transaction is closed.

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