Portland General Electric Company's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Portland General Electric Company (POR)

Q4 2011 Earnings Call

February 24, 2012 - 11:00 a.m. ET


Bill Valach – Director, Investor Relations

Jim Piro – President and Chief Executive Officer

Maria Pope – Senior Vice President of Finance, Chief Financial Officer and Treasurer


Neil S. Mehta – Goldman Sachs Group, Inc.

Brian J. Russo – Ladenburg Thalmann & Company, Inc.

James L. Bellessa – D.A. Davidson & Company

Sarah Akers – Wells Fargo Advisors, LLC

Andrew Weisel – Macquarie Capital (USA), Inc.

Mark Barnett – Morningstar, Inc.



Good morning everyone and welcome to Portland General Electric Company's fourth quarter and full year 2011 earnings results conference call. Today is Friday, February 24, 2011. This call is being recorded and as such, all lines have been placed on mute to prevent any background noise.

(Operator Instructions) For opening remarks, I would like to turn the conference call over to Portland General Electric's Director of Investor Relations, Mr. Bill Valach. Please go ahead, sir.

Bill Valach

Thank you, Ann and good morning everyone. I'm pleased that you're able to join us today. Before we begin our discussion this morning, I'd like to make our customary statements regarding Portland General Electric's written and oral disclosures and commentary. There will be statements in this call that are not based on historical facts and as such, constitute forward-looking statements under current law.

These statements are subject to factors that may cause actual results to differ materially from the forward-looking statements made today. For a description of some of the factors that may occur that could cause such differences, the company requests that you read our most recent form 10-K and Form 10-Qs, and the form 10-K for 2011 is available on our website at portlandgeneral.com.

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