Pinnacle West Capital Corporation's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Pinnacle West Capital Corporation (PNW)

Q1 2012 Earnings Call

May 03, 2012 01:30 pm ET

Executives

Becky Hickman - Director, IR

Jim Hatfield - CFO

Don Brandt Chairman & CEO

Analysts

Shar Pourreza - Citigroup

Kevin Cole - Credit Suisse

Greg Gordon - ISI Group

Ali Agha - SunTrust

Brian Russo - Ladenburg Thalmann

Jim Krapfel - Morningstar

Paul Patterson - Glenrock Associates

Presentation

Operator

Greetings, and welcome to the Pinnacle West Capital Corporation 2011 first quarter earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Becky Hickman, Director of Investor Relations. Thank you, Ms. Hickman, you may begin.

Becky Hickman

Thank you, Claudia. I’d like to thank everyone for participating in this conference call and webcast to review our first quarter 2012 earnings, recent developments and operating performance. Our speakers today will be our Chairman and CEO, Don Brandt; and our CFO, Jim Hatfield. Jeff Guldner, who is APS Vice President of Rates and Regulation is also here with us.

Before I turn the call over to our speakers, I need to cover a few details with you. First, the slides to which we refer are available on our Investor Relations website, along with our earnings release and related information. Please note that the slides contain reconciliations of certain non-GAAP financial information. Also, all of our references to per share amounts will be after income taxes and based on diluted shares outstanding.

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