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TheStreet Open House

Integrys Energy Group's CEO Discusses Q2 2011 Results - Earnings Call Transcript

Stocks in this article: TEG

Before we begin, I will advise everyone that this call is being recorded and will be available for replay through November 1, 2011. I need to direct you to Slides 3 of our presentation and to point out that this presentation contains forward-looking statements within the definition of the United States Securities and Exchange Commission’s Safe Harbor rules, including projected results for Integrys Energy Group and its subsidiaries.

Forward-looking statements contain factors that are beyond the ability of Integrys Energy Group to control and, in many cases, Integrys Energy Group cannot predict what factors would cause actual results to differ materially from those indicated by forward-looking statement. Except as required by federal securities laws, Integrys Energy Group and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statements contained in this presentation, whether the result of new information, future events or otherwise.

This slide is condensed commentary on forward-looking statements and all are encouraged to read and understand the more specific language that is contained in our filings with the Securities and Exchange Commission including quarterly report on Form 10-Q we filed this morning, the forward-looking statement section of yesterday news release and slide 49 in the appendix.

Slide 4 indicates that today’s presentation includes non-GAAP financial information related to diluted earnings per share adjusted and adjusted earnings or loss. We believe that these are useful financial measures for providing investors with additional insight into our operating performance because they eliminate the effects of certain items that are not comparable from one period to the next. Please review the text of this slide for information regarding these non-GAAP financial measures.

I will now turn this call over to Charlie Schrock. Charlie?

Charles Schrock

Thanks, Steve. Good morning everyone and thanks for joining us today. I will begin by providing a high-level overview of our 2011 second quarter financial and operating results. And then Joe O’Leary will then discuss our financial results for the quarter in more detail, and in addition he will provide us summary of our investment and financing plans for 2011. And we will leave plenty of time for your questions at the end of course.

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