This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Arthur Gallagher's CEO Discusses Special Clean Energy Investments - Special Call Transcript

Stocks in this article: AJG

We’re excited about this effort, and I want to turn the call over to Doug to take you through the details of the presentation. Doug?

Doug Howell

Thanks, Pat, and good morning everyone. I’m going to spend about 30 minutes trying to push through the first 50 pages of this presentation, and then we’ll go to Q&A. We ask you to hold an hour and a half for this call, and we think that the Q&A is a very important part of that. We’re doing this presentation—oh, first of all, I hope you have the presentation open in front of you because I will be referring to pages in the presentation that we filed frequently throughout our call today. We’re doing this as a way to continue to improve transparency We have received a lot of questions over the last year or so about the investments, how they work, what do they look like, what are we going to do with the cash, how does the accounting work; and so I’m hoping that today will be a way to orient you in terms of what’s going on with these investments and what we’re intending on doing with the cash.

We picked this timing because we thought it would after the spring break period yet before earnings season really kicked off in full swing because we wanted you to be able to have an hour to an hour and a half to really understand these investments, and we just don’t get that amount of time when we’re doing our quarterly calls.

So what I want to do now is just move into the presentation. Page 3 is an outline of what we’re going to talk about today. My first page I want to talk about is Page 4. When we have a clean coal investment, Page 4 is a simplified overview. These investments between the physical plants and the chemistry, when combined with conventional coal and they’re used in a utility, they reduce mercury, nitrogen oxides and sulfur dioxide, and this process also provides other benefits to the utilities in making coal a cleaner source of fuel for the U.S.

2 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs