PG &E's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Start Time: 11:00

End Time: 11:45

PG &E Corporation (PCG)

Q2 2012 Earnings Call

August 7, 2012 11:00 a.m. ET

Executives

Gabriel Togneri – VP – IR

Tony Earley – CEO

Chris Johns – President & Director

Kent Harvey – CFO

Tom Bottorff – SVP, Regulatory Relations

Analysts

Michael Goldenberg – Luminus Management

Greg Gordon – ISI Group

Hugh Wynne – Sanford C Bernstein

Michael Lapides – Goldman Sachs

Jonathan Arnold – Deutsche Bank

Tom O’Neill – Green Arrow Capital Management

Steve Fleishman – Banc of America

Travis Miller – Morningstar Research

Anthony Crowdell – Jefferies

Ashar Khan – Visium Asset Management

Presentation

Operator

Good morning, and welcome to the PG&E Corporation Second Quarter Earnings Conference Call. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end.

At this time, I would like to introduce your host, Gabe Togneri with PG&E. Thank you and enjoy your conference. You may proceed, Mr. Togneri.

Gabriel Togneri

Thank you, Jackie. Hello everyone, and thanks for joining our call. Before you hear from Tony Earley, Chris Johns, and Kent Harvey, I’ll remind you that our discussion is going to include forward-looking statements based on assumptions and expectations reflecting information currently available to management. Some of the important factors that could affect the company’s results are described in Exhibit 1 located in the appendix of today’s slides. We also encourage you to review the discussion of risk factors that appears in our 2011 Annual Report and in the Form 10-Q that will be filed with the SEC later today.

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