RRI Energy, Inc. (RRI)

Q2 2010 Earnings Call Transcript

July 30, 2010 8:30 am ET


Dennis Barber – VP, IR

Mark Jacobs – President and CEO

Rick Dobson – EVP and CFO


Dan Eggers – Credit Suisse

Lasan Johong – RBC Capital Markets

Brandon Blossman – Tudor, Pickering

Angie Storozynski – Macquarie

Matt Milam – Seneca Capital

Gregg Orrill – Barclays Capital

Ameet Thakkar – Bank of America

Brian Russo – Ladenburg Thalmann

Jeffrey Coviello – Duquesne Capital

Julien Dumoulin -Smith – UBS

Jeff Gildersleeve – Millennium Partners



Welcome to the RRI Energy's second quarter 2010 earnings conference call. My name is Sandra, and I will be your operator for today's call. 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 Mr. Dennis Barber. Mr. Barber, you may begin.

Dennis Barber

Good morning, and welcome to RRI Energy's second 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'll have a question-and-answer session. The earnings release as well as the slide presentation we are using today is available on our Web site at www.rrienergy.com in the Investor Relations section. A replay of this call will also be available on the Web site approximately two hours after the call.

Consistent with our past practice, we're 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 Web site. One of the items we adjusted for this quarter was merger related costs associated with our proposed merger with Mirant Corporation. As we previously indicated, we're 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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