Nicholas DeBenedictis - Chairman, Chief Executive Officer, President, Chairman of Consumers Water Company, Chief Executive Officer of Consumers Water Company, Chairman of Pennsylvania Suburban Water Company, Chief Executive Officer of Pennsylvania Suburban Water Company, Director of Consumers Water Company, Director of Pennsylvania Suburban Water Company and Chairman of Executive Committee Analysts Michael G. Roomberg - Ladenburg Thalmann & Co. Inc., Research Division Heike M. Doerr - Robert W. Baird & Co. Incorporated, Research Division Stewart Scharf - S&P Equity Research PresentationOperator Good day, and welcome to the Aqua America, Inc. First Quarter 2012 Earnings Conference Call. As a reminder today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Brian Dingerdissen. Please go ahead. Brian Dingerdissen Thank you, Lisa. Good morning, everyone. Thank you for joining us for Aqua America's First Quarter 2012 Earnings Conference Call. If you did not receive a copy of the press release, you can find it by visiting the Investor Relations section of our website at aquaamerica.com or by calling Fred Martino at (610) 645-1196. There will also be a webcast of this event available on our website. Presenting today is Nicholas DeBenedictis, Chairman and President of Aqua America; along with David Smeltzer, the company's Chief Financial Officer. As a reminder, some of the matters discussed during this call may include forward-looking statements that involve risks, uncertainties and other factors that may cause the actual results to be materially different from any future results expressed or implied by such forward-looking statements. Please refer to our most recent 10-Q, 10-K and other SEC filings for a description of such risks and uncertainties. During the course of this call, reference may be made to certain non-GAAP financial measures. Reconciliation of these non-GAAP to GAAP financial measures are posted in the Investor Relations section of the company's website.