Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Lasan Johong - RBC Capital Markets.
Lasan Johong - RBC Capital Markets
Just on the RBS transaction, do you anticipate any changes in your future growth rate because of RBS having to eventually pull out or in other words are we confident that RBS will continue to support this joint venture while it owns it?
Don Felsinger
Lasan, there’s a lot to be learned here. This business is well positioned to grow under the right circumstances and with the right partners. So I think that in the next several months I can give you a better answer to that, but this business, the reason we have the platform we have with RBS was to take it places that are global and I think as RBS looks to replace themselves with a new partner, that will be one of the key considerations we’ll look at.
Lasan Johong - RBC Capital Markets
Then is there an opportunity or do you know of other firms who could deliver the same kind of international and global growth that RBS promised or had looked to be able to deliver?
Don Felsinger
You bet. One of the things that are interesting is that this deal just got announced or the statements by RBS that they’re divesting and a number of calls, the amount of interest we’ve seen in this are really amazing. I think it goes to the fact that people just recognize what a valuable franchise we have, everybody wants to be a part of it.
Lasan Johong - RBC Capital Markets
Then Don, I know it’s not possible now, but in four years’ time if there’s not a suitable partner, would Sempra consider stepping in and taking it back?
Don Felsinger
Lasan, I think everything is on the table. It’s very early. I think the only thing that I can say with certainly is that Sempra’s going to be a part of this business whether it’s alone or with a partner.
Lasan Johong - RBC Capital Markets
Could you talk about your guidance, it seems, but it’s kind of conservative at this point. Four quarter should be shaping up better than kind of the $0.98 or a buck 23. Any thoughts on when or how much you might increase your guidance?
Don Felsinger
I think we’re satisfied with where we are for the year. I mean, the thing that I think is interesting, when I look at our guidance is, remember we put this guidance together for 2009 over a year and a half ago and during that time period, a lot of things have happened, we ended up getting the RBS deal done.
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