Sempra Energy - Shareholder/Analyst Call

Sempra Energy (SRE)

March 29, 2012 12:30 pm ET


Steven D. Davis - Vice President of Investor Relations

Donald E. Felsinger - Executive Chairman

Debra L. Reed - Chief Executive Officer, Director and Chairman of Executive Committee

Michael W. Allman - Chief Executive Officer of Southern California Gas Company and President of Southern California Gas Company

Jessie J. Knight - Chief Executive Officer of San Diego Gas & Electric

Mark A. Snell - President

Unknown Executive -

Jeffrey W. Martin - Chief Executive Officer of Sempra Generation and President of Sempra Generation

George S. Liparidis - Chief Executive Officer of Sempra Pipelines & Storage and President of Sempra Pipelines & Storage

Eduardo Pawluszek - Former Chief Financial Officer

Mile Cacic - Chief Executive Officer

Joseph A. Householder - Chief Financial Officer, Chief Accounting Officer and Executive Vice President


Unknown Analyst

Michael Goldenberg - Luminus Management, LLC

Faisel Khan - Citigroup Inc, Research Division

Greg Reiss

Winfried Fruehauf

Chris Shelton

Greg Gordon - ISI Group Inc., Research Division

Leslie Rich - J.P. Morgan Asset Management, Inc.

Raymond M. Leung - Goldman Sachs Group Inc., Research Division


Steven D. Davis

Good morning, and welcome to Sempra Energy's 2012 Analyst Conference. I'm Steve Davis, Vice President of Investor Relations and Corporate Communications. I'd like to thank those in attendance with us here in San Diego, as well as those of you who are joining us by webcast. We want this to be an interactive conference, so our webcast audience will also have the ability to ask questions via the link located at the bottom of the webcast screen.

Before getting started, I'd like to remind everybody that presentations we'll be discussing today contain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Actual results may differ materially from those discussed today. The factors that could cause our actual results to differ materially are described on this slide and are further discussed in the company's reports filed with the Securities and Exchange Commission. I'd also like to note that the forward-looking statement contained in these presentations speak only as of today, March 29, 2012, and the company doesn't assume any obligation to update any forward-looking statement in the future. In addition, some of the financial information we'll be discussing contains non-GAAP financial measures. In accordance with Regulation G, you'll note that we reconcile these financial measures to the most directly comparable GAAP figures and you'll find that information in the appendices of the financial and U.S. Gas and Power presentation. We've got a lot of information to cover today, so let me begin by introducing Sempra Energy's Executive Chairman, Don Felsinger.

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