Earnings Call Excerpt
AGL Resources (ATG)
2008 Update Call
April 2, 2008 8:30 am ET
Executives
John W. Somerhalder – Chairman, Chief Executive Officer, and President
Hank Linginfelter – Executive Vice President, Utility Operations
Michael A. Braswell – CEO, SouthStar Energy Services
Douglas N. Schantz – President, Sequent Energy Management
Dana A. Grams – President, Pivotal Energy Development
Andrew W. Evans – Executive Vice President, Chief Financial Officer
Steve Cave – Managing Director of Investor Relations
Presentation
Steve Cave
Good morning everyone. We want to thank you for coming out and joining us. We want to welcome you to the 2008 AGL Resources Analyst Meeting. I’m Steve Cave; I’m the Managing Director of Investor Relations. We also want to welcome those who are joining us on the webcast. We have placed a copy of the slide on our website. We’ve also filed a Form 8-K this morning with the slide. For those in the room, we have a copy of the presentation in front of you. We also have, just for your information, we have a copy of our 2007 annual report which is hot off the press release just a couple of weeks ago; so you can take a look at that as well. I did want to just mention, in terms of the format today, John Somerhalder, our Chairman, CEO, and President is going to make some opening remarks. We’d like to go through all the presentations today before we get to the Q&A. Obviously, as each of the business unit leaders go through their presentation; if you have a question, feel free to stop and ask it, but we would just ask that we get through some of the business presentations in a timely manner.
Let me just get a couple of housekeeping items out of the way; we go to the forward-looking statements. As you know, when we go through the presentations today, we will be making some forward-looking statements and our actual results could differ materially from those statements. The factors that could cause those results to differ are detailed in our SEC filings including our 10-K just filed about a month ago; and in describing our business, we also use some non-GAAP measures such as EBIT, earnings before interest and taxes and operating margin, and you can find reconciliations to the GAAP measures on our website and in our SEC filings as well.
Let me just quickly run through the agenda. John, as I said, is going to make a few opening remarks, then we’ll turn it over to Hank Linginfelter, who is our Executive Vice President of the Utility Operations, and he will talk through the 2008 utility plan. We’ll then turn it over to Mike Braswell, who is the CEO of the SouthStar Energy Services business. We’ll take a break at 10 o’clock until 10:15. We will then take it up with Sequent Energy, Douglas Schantz, who is the President of that business, who will talk through our plan for that business for 2008 and beyond. At 10:45, Dana Grams is here to talk about our storage projects. Dana, as most of you know, is the President of our Pivotal Energy Development business. And then at 11:15, Andrew Evans, our Executive Vice President and CFO will wrap it up with a financial overview before John gives a few closing remarks and we go to Q&A. So, one other housekeeping item, if you could just make sure you have your Blackberrys and your phones turned on silent throughout the presentation because it can interfere with the webcast, and with that I’d like to turn it over to John Somerhalder.
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