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Good morning ladies and gentlemen. Thank you for waiting. We would like to welcome everyone to CPFL Energia second quarter 2012 earnings results conference call. Today, we have here with us the executives Mr. Wilson Ferreira Jr., CEO of CPFL Energia and other officers of the company.
This call is being broadcasted simultaneously through the Internet at the website www.cpfl.com.br/ir and on that address you can also find a banner through which the presentation will be available for download.
On phone all participants will be on a listen-only mode during this call; during the company's presentation. After the presentation there will be a question-and-answer session. At that time further instructions we all be given. (Operator Instructions) Another important information that this teleconference is being recorded.
Before proceeding, let me mention that forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of 1996. Forward-looking statements are based on the belief and assumptions of CPFL Energia management and on information currently available to the company.
Forward-looking statements are not guarantees of performance and involve risk, uncertainties and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur. Investors should understand that general economic conditions, industry conditions and other operating factors could also affect the future results of CPFL Energia and can cause results to differ materially from those expressed in such forward-looking statements.
Now I will turn the conference over to Mr. Wilson Ferreira Jr.
you may proceed.