Acquisition of MACH Gen, LLC 2.5 GWs of Efficient Gas-Fired Generation

Size: px
Start display at page:

Download "Acquisition of MACH Gen, LLC 2.5 GWs of Efficient Gas-Fired Generation"

Transcription

1 We Generate Energy for a Brighter Tomorrow Acquisition of MACH Gen, LLC 2.5 GWs of Efficient Gas-Fired Generation July 2015 Investor Presentation

2 Safe Harbor Forward Looking Statements: Any statements made in this presentation about future operating results or other future events are forward-looking statements under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of Actual results may differ materially from such forward-looking statements. A discussion of factors that could cause actual results or events to vary is contained in the Supplemental Information to this presentation and in the Company s SEC filings, including the factors discussed under Risk Factors in the Company s Registration Statement on Form S-1. Talen Energy Corporation

3 Agenda Transaction Highlights MACH Gen Overview Financial Considerations Closing Remarks and Q&A P. Farr P. Farr J. McGuire P. Farr Talen Energy Corporation

4 Creating Value from Day 1 Talen Energy Corporation

5 Executing on the Growth Strategy Strategic Priorities Communicated at Spin 50 Days Ago: MACH Gen: Grow asset base in accretive manner Extend track record of originating transactions Expand presence in attractive markets Further diversify fuel mix Take advantage of cash taxpayer status Talen Energy Corporation

6 Transaction Highlights Fleet Diversification + Immediate Cash Flow Accretion (1) Acquiring 2.5 GW MACH Gen portfolio for $1.175 billion, in a negotiated deal, including significant tax attributes Achieving goal of growth in key markets and fuel diversity with high quality assets Efficient Siemens 501G machines, with fleet benefits to Talen Energy s Ironwood and Lower Mount Bethel stations Substantial, immediate free cash flow accretion of over 10% Significant value from optimizing the Harquahala station (2) (1) Includes $13 million of inventory (2) Based upon projected 2016E Adjusted Free Cash Flow assuming close by 12/31/2015 Talen Energy Corporation

7 Achieving Strategic Objectives Adding scale in key markets that favorably diversifies fuel mix and improves cash flow profile Strategic Highlights Scale: Increases pre-mitigation generating capacity 17% to approximately 17.6 GWs Geographic Diversity: Growth in NYISO and ISO-NE, two mature and liquid wholesale power markets Fuel Diversity: Reduces solid fuel exposure Coal capacity from 40% to 34% Natural gas capacity from 40% to 49% Immediately Free Cash Flow (FCF) Accretive: Efficient asset portfolio that produces substantial FCF 3% 2% 18% 15% 22% 40% Diversifying the Fuel Mix 100% 16% Pro Forma 2% 2% 13% 33% 15,060 MW 2,527 MW 17,587 MW 34% Coal Natural Gas Dual Fuel Nuclear Oil Hydro/Renewables (1) Immediate FCF Accretion Adjusted Free Cash Flow 2016E Pre-Transaction free cash flow $290 Transaction free cash flow $30 Expanding in Key Markets: ISO-NE & NYISO Pro Forma 1% 4% 2% 9% 13% 12% 7% 42% 11% Post-Transaction free cash flow $320 83% 45% 71% Free cash flow accretion ($) $30 Free cash flow accretion (%) 10.3% 15,060 MW 2,527 MW 17,587 MW PJM ERCOT NYISO ISO-NE WECC Notes: Assumes transaction close by 12/31/2015. Does not reflect sale of approximately 1,300 MW of generating capacity that is required to comply with the FERC Order or immaterial renewable capacity that Talen Energy has agreed to sell. Refer to Supplemental Information Regulation G Reconciliations for reconciliation of non- GAAP financial measures (1) Reflects EIA reported summer capacity ratings Talen Energy Corporation (1)

8 MACH Gen Overview Talen Energy Corporation

9 MACH Gen Portfolio Portfolio Highlights Attractive low heat rate CCGT portfolio of scale with over 2.5 GW of generating capacity Relatively new portfolio with well maintained units CODs ranging from Proven operating track record substantial past investment to improve operations and reliability has resulted in a 3 year availability factor of over 93% Well-positioned to benefit from infrastructure developments and improving market dynamics Diverse Geographic Footprint ME AZ VT NH MA 3 NY 1 2 CT RI Portfolio Metrics 2014 Generation 5,794GWh Capacity 2,532MW (1) Facilities Overview % 46% 23% 43% 14% 43% (1) Athens Millennium Harquahala Capacity (MW) 1, ,092 COD June 2004 April 2001 September 2004 Facility Type Combined Cycle Combined Cycle Combined Cycle Equipment Siemens 501G Siemens 501G Siemens 501G Configuration 3-1 CT x 1 ST 1 CT x 1 ST 3-1 CT x 1 ST Heat Rate (Btu/kWh) 7,100 6,975 7,100 Athens Millennium Harquahala (1) Based on nominal capacity ratings Talen Energy Corporation

10 Athens: An Optimization Opportunity Athens Highlights Efficient 7,100 heat rate CCGT facility of scale with 1,080 MW of capacity located in NYISO Zone F Proven operating track record all 3 units have had a 95% or greater reliability factor over the past 3 years - Substantial investments in safety and reliability position the plant well Substantial optimization opportunity - Implementation of strategies to fully optimize the units will result in materially higher margins - Significant upside from planned gas infrastructure developments and transmission line upgrades Entry into NYISO Substantial Opportunity to Increase Output 95% 95% 92% 88% 60% 60% 38% 50% 28% E + (1) Compelling Future Outlook Gas infrastructure improvements (Constitution, TGP, and AGT) will bring low cost Marcellus gas directly to the plant, reducing gas basis differentials enhancing energy margin and capacity factor Expected to benefit from the tightening reserve margin in the market from higher energy and capacity values due to NYISO capacity retirements Transmission improvements expected to reduce Zone F / Zone G congestion Capacity Factor Availability Factor (1) Assumes average historical availability factor and projected capacity factor from asset optimization Talen Energy Corporation

11 Millennium: Highly Attractive CCGT in ISO-NE Millennium Highlights Efficient sub-7,000 heat rate CCGT plant with 360 MW of capacity located in ISO-NE Proven operating track record 97% or greater reliability factor over the past 3 years Plant node pricing substantially correlated to Mass Hub, reducing basis risk ISO-NE has adopted a number of constructive market reforms, including capacity performance incentives, improved day-ahead market modeling and the adoption of a sloped demand curve, which should drive long-term pricing to reflect new build costs Adding a well-positioned Asset in ISO-NE Historically Solid Availability and Output 89% 88% 90% 65% 58% 47% Strong Market Fundamentals & Outlook Favorable supply and demand dynamics, including the retirement of aging plants, phase out of nuclear generation and no significant construction in progress have resulted in tight capacity markets and a marked shift in pricing Tennessee and Algonquin gas transmission pipelines expected to bring low-cost Marcellus gas to Massachusetts beginning in 2016, with incremental improvements scheduled through 2018 Capacity Factor Availability Factor Talen Energy Corporation

12 Harquahala: Multiple Paths to Value Harquahala Highlights Efficient 7,100 heat rate CCGT plant in southwestern Arizona with 1,092 MW of capacity Adequate water supply provides competitive advantage Current market dynamics have limited the operational capability of a high quality plant - Sub-20% capacity factors despite very strong performance at a 99% or greater reliability factor over the past 3 years - Produces negative EBITDA and FCF Well-positioned to capture value as Desert Southwest faced with 111(d) compliance Location Limits Market Opportunity Potential partial or full sale to local load serving entity Multiple Opportunities to Deliver Value Achieve fleet wide Long-term Service Agreement (LTSA) savings across Talen Energy's nine 501G units New transmission access into California-ISO under development Move and relocate plant to another site $50 million to >$150 million Monetize station for parts value Talen Energy Corporation

13 Financial Considerations Talen Energy Corporation

14 Compelling Value ($ millions) Purchase Price $1,175 Less Inventory Value (13) Net Purchase Price 1, EV / EBITDA ($120) 9.7x Implied $ / kw 459 Implied $ / k W, excluding Harquahala 807 Tax Attribute Value Net Purchase Price $1,162 Less NPV of Tax Attributes (245) Adjusted Purchase Price EV / EBITDA ($120) 7.6x Implied $ / kw 362 Implied $ / k W, excluding Harquahala 637 Harquahala Monetized Adjusted Purchase Price $917 Less Monetization of Harquahala (50) (150) Net Price for Athens and Millennium EV / EBITDA, excluding Harquahala ($130) 6.7x 5.9x Implied $ / k W, excluding Harquahala A B C Nominal purchase price of $1,162 million net of inventory implies an EV / 2016 EBITDA multiple of 9.7x Deducting the PV of tax attributes reduces the asset purchase price to $917 million which is 7.6x 2016E EBITDA Monetizing Harquahala and removing its negative EBITDA contribution results in multiples in the low-to-mid 6.0x EV / 2016 EBITDA range Tax attributes and Harquahala offer significant value, driving the purchase price to a considerable discount to market multiples Peer Trading Multiples Calpine 8.8x 8.6x Dynegy 7.5x 7.6x NRG 8.7x 9.2x Notes: Market data as of July 17, Peer multiples based upon EBITDA per FactSet consensus estimates. Implied $ / kw based on nominal capacity ratings Talen Energy Corporation

15 2016 EBITDA & FCF Projections ($ in millions) Pre-Transaction Post-Transaction EBITDA: 2016E Adjusted EBITDA $885 $1,005 (1) 2016E Adjusted EBITDA, including special items $840 $960 Free Cash Flow: (2) 2016E Adjusted Free Cash Flow $290 $320 (1) (2) 2016E Adjusted Free Cash Flow, including special items $263 $293 (3) Projected Net Debt Outstanding at 12/31/2015 $3,700 $4,875 Projected Net Debt / 2016E Adjusted EBITDA 4.2x 4.9x Notes: Assumes transaction close by 12/31/2015. Does not reflect sale of approximately 1.3 GW of generating capacity that is required to comply with FERC order approving Talen Energy transaction. Refer to Supplemental Information Regulation G Reconciliations for reconciliation of non-gaap financial measures (1) Special items include Transition Service Agreements from Talen Energy transaction and restructuring costs (2) Does not include growth capex of $85 million (3) Includes projection of $170 million in short-term debt outstanding Talen Energy Corporation

16 Transaction Financing Committed Acquisition Facility Permanent Financing Plan Purchase price backed by committed acquisition facility - Sized to accommodate full purchase price should MACH Gen debt not remain in place Total $1.175 billion purchase price to be financed with debt MACH Gen debt may be retained provided waiver on change of control achieved - Expected balance of approximately $565 million at time of closing - Cash required at closing dependent upon MACH Gen debt balance Will consider secured and/or unsecured debt - Final financing plan will take into consideration market conditions, amount of the existing MACH Gen debt to be retained as well as expected proceeds from FERC mitigation sales and other pending divestitures - May approach market ahead of closing Strategic and Prudent Use of Balance Sheet Talen Energy Corporation

17 Regulatory Approvals and Expected Timeline Principal Required Approvals Required Approval Expected Timing Federal Energy Regulatory Commission (FERC) 3-4 months NY Public Service Commission 3-4 months (1) Hart-Scott-Rodino Federal Trade Commission (FTC) / Department of Justice (DOJ) 1-2 months (1) An additional 3-4 months could be added for certain supplementary filings if change of control waiver is not obtained from MACH Gen s lender and facility is pledged in support of acquisition financing Talen Energy Corporation

18 Closing Remarks Talen Energy Corporation

19 Executing Talen Energy s Strategy Strategic Priorities Communicated at Spin 50 Days Ago: MACH Gen: Grow asset base in accretive manner Extend track record of originating transactions Expand presence in attractive markets Further diversify fuel mix Take advantage of cash taxpayer status Talen Energy Corporation

20 Supplemental Information Talen Energy Corporation

21 Transaction Terms and Timing Transaction & Purchase Price On July 18, 2015, Talen Energy Supply, LLC entered into an agreement to acquire MACH (1) Gen, LLC for $1.175 billion including value of existing debt assumed Financing Plan Citi has provided committed debt financing sufficient to fund the purchase price Considering retaining Mach Gen's existing term loan in combination with new secured or unsecured debt issued at Talen Energy Supply, LLC The final financing plan will take into consideration market conditions and the amount of existing MACH Gen debt to be retained, as well as expected proceeds from FERC mitigation sales and other pending divestitures Regulatory Approvals Federal: FERC and antitrust clearance under Hart-Scott-Rodino State: New York Public Service Commission Timing Expected to close by end of 2015 (1) Includes $13 million of inventory Talen Energy Corporation

22 MACH Gen Asset Overview Athens Millennium Harquahala Location Nominal Capacity Athens, NY 1,080 MW COD June 2004 Heat Rate Market Trading Hub Capacity Primary Fuel Gas Interconnection Facility Type Configuration Key Equipment Site 7,100 Btu/kWh NYISO NYISO Zone F NYISO Rest-of-State Natural Gas Iroquois Gas Combined-Cycle 3 1 CT x 1 ST 3 Siemens 501G CTs 3 Nooter Eriksen HRSGs 3 Siemens STs 42-acre parcel Location Nominal Capacity Charlton, MA 360 MW COD April 2001 Heat Rate Market Trading Hub Capacity Primary Fuel Gas Interconnection Facility Type 6,975 Btu/kWh ISO-NE Mass Hub ISO-NE Rest-of-Pool Natural Gas (1) (1) Configuration Key Equipment Site Tennessee Gas Combined-Cycle 1 CT x 1 ST 1 Siemens 501G CTs 1 Nooter Eriksen HRSGs 1 Siemens STs 13-acre parcel Location Nominal Capacity Tonopah, AZ 1,092 MW COD September 2004 Heat Rate Market Trading Hub Fuel Gas Interconnection Facility Type Configuration Key Equipment Site Water Supply 7,100 Btu/kWh AZ-NM-SNV Palo Verde Natural Gas El Paso Combined-Cycle 3 1 CT x 1 ST 3 Siemens 501G CTs 3 NEM HRSGs 3 Siemens STs 640 acres Five on-site wells Existing delivery agreements with CAWCD / HVID Reliability and Availability Factors Reliability and Availability Factors Reliability and Availability Factors 99.5% 98.9% 98.0% 94.6% 94.6% 87.8% 99.6% 99.0% 98.4% 88.9% 88.2% 90.3% 99.7% 99.1% 99.9% 96.8% 93.5% 95.5% Reliability Factor Availability Factor Reliability Factor Availability Factor Reliability Factor Availability Factor (1) Fuel oil capable Talen Energy Corporation

23 Regulation G Reconciliations Adjusted EBITDA ($ in Millions) Pre-Transaction Midpoint 2016E Transaction Adjustments Post-Transaction Midpoint 2016E Net Income/(Loss) $105 $2 $107 Income Taxes Interest Expense Depreciation & Amortization EBITDA Non-Cash Compensation ARO MTM losses (gains) NDT losses (gains) (10) (10) Adjusted EBITDA, including special items Special items: TSA costs and allocations Adjusted EBITDA $885 $120 $1,005 Talen Energy Corporation

24 Regulation G Reconciliations Adjusted Free Cash Flow ($ in Millions) Pre-Transaction Midpoint 2016E Transaction Adjustments Post-Transaction Midpoint 2016E Cash from Operations $727 $55 $782 Sustenance Capital Expenditures (464) (25) (489) Adjusted Free Cash Flow, including special items Special items: TSA costs & allocations (after tax) Adjusted Free Cash Flow $290 $30 $320 Talen Energy Corporation

25 Forward-Looking Information Statement Statements contained in this presentation, including statements with respect to future earnings, EBITDA results, cash flows, tax attributes, financing, regulation and corporate strategy are "forward-looking statements" within the meaning of the federal securities laws. Although Talen Energy Corporation believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, these statements are subject to a number of risks and uncertainties, and actual results may differ materially from the results discussed in the statements. Among the important factors that could cause actual results to differ materially from the forward-looking statements are: market demand and prices for energy, capacity and fuel; weather conditions affecting customer energy usage and operating costs; competition in power markets; the effect of any business or industry restructuring; the profitability and liquidity of Talen Energy Corporation and its subsidiaries; new accounting requirements or new interpretations or applications of existing requirements; operating performance of generating plants and other facilities; unforeseen difficulties in successfully integrating the MACH Gen power facilities into Talen Energy's portfolio and/or in successfully executing efforts to optimize the value of the Harquahala plant; unexpected costs or liabilities associated with the MACH Gen power facilities; the length of scheduled and unscheduled outages at our generating plants; environmental conditions and requirements and the related costs of compliance, including environmental capital expenditures and emission allowance and other expenses; system conditions and operating costs; development of new projects, markets and technologies; performance of new ventures; asset or business acquisitions and dispositions; receipt of necessary governmental permits or approvals; capital market conditions and decisions regarding capital structure; the impact of state, federal or foreign investigations applicable to Talen Energy Corporation and its subsidiaries; the outcome of litigation against Talen Energy Corporation and its subsidiaries; stock price performance; the market prices of equity securities and the impact on pension income and resultant cash funding requirements for defined benefit pension plans; the securities and credit ratings of Talen Energy Corporation and its subsidiaries; political, regulatory or economic conditions in states, regions or countries where Talen Energy Corporation or its subsidiaries conduct business, including any potential effects of threatened or actual terrorism or war or other hostilities; foreign exchange rates; new state, federal or foreign legislation, including new tax legislation; changes in earnings estimates or buy/sell recommendations by analysts; volatility in market demand and prices for energy, capacity, transmission services, emission allowances and RECs; competition in retail and wholesale power and natural gas markets; and the commitments and liabilities of Talen Energy Corporation and its subsidiaries. Any such forward-looking statements should be considered in light of such important factors and in conjunction with Talen Energy Corporation's Registration Statement on Form S-1 and its other reports on file with the Securities and Exchange Commission. Talen Energy Corporation

26 Definitions of Non-GAAP Financial Measures In this presentation the company presents EBITDA, Adjusted EBITDA and Adjusted EBITDA, including special items, each of which are non-gaap financial measures. EBITDA represents net income (loss) before interest expense, income taxes, depreciation and amortization. Adjusted EBITDA represents EBITDA adjusted for certain items as detailed in the reconciliation. Adjusted EBITDA, including special items, is Adjusted EBITDA prior to adjustment for items management considers special including TSA costs, pre-spin PPL charges and restructuring costs. EBITDA, Adjusted EBITDA and Adjusted EBITDA, including special items, are not intended to represent cash flows from operations or net income (loss) as defined by U.S. GAAP as indicators of operating performance and are not necessarily comparable to similarly-titled measures reported by other companies. We believe EBITDA, Adjusted EBITDA and Adjusted EBITDA, including special items, are useful to investors and other users of our financial statements in evaluating our operating performance because they provide additional tools to compare business performance across companies and across periods. We believe that EBITDA is widely used by investors to measure a company s operating performance without regard to such items as interest expense, income taxes, depreciation and amortization, which can vary substantially from company to company depending upon accounting methods and book value of assets, capital structure and the method by which assets were acquired. Additionally, we believe that investors commonly adjust EBITDA information to eliminate the effect of restructuring and other expenses, which vary widely from company to company and impair comparability. We adjust for these and other items as our management believes that these items would distort their ability to efficiently view and assess our core operating trends. In summary, our management uses EBITDA, Adjusted EBITDA and Adjusted EBITDA, including special items, as measures of operating performance to assist in comparing performance from period to period on a consistent basis and to readily view operating trends, as measures for planning and forecasting overall expectations and for evaluating actual results against such expectations, and in communications with our Board of Directors, shareholders, creditors, analysts and investors concerning our financial performance. Talen Energy Corporation

27 Definitions of Non-GAAP Financial Measures Adjusted free cash flow is derived by deducting sustenance capital expenditures and after-tax special items from cash flow from operations, while adjusted free cash flow, including special items, is derived from adjusted free cash flow prior to adjustment for after-tax special items. These two non-gaap measures should not be considered alternatives to cash flow from operations, which is determined in accordance with GAAP. We believe that adjusted free cash flow and adjusted free cash flow, including special items, although both non-gaap measures, are important measures to both management and investors as indicators of the company s ability to sustain operations without additional outside financing beyond the requirement to fund maturing debt obligations. These measures are not necessarily comparable to similarly-titled measures reported by other companies as they may be calculated differently. Talen Energy Corporation

Talen Energy EEI Financial Conference

Talen Energy EEI Financial Conference We Generate Energy for a Brighter Tomorrow Talen Energy EEI Financial Conference November 9-10, 2015 Safe Harbor Forward Looking Statements: Any statements made in this presentation about future operating

More information

Talen Energy Third Quarter Conference Call

Talen Energy Third Quarter Conference Call We Generate Energy for a Brighter Tomorrow Talen Energy Third Quarter Conference Call November 5, 2015 Safe Harbor Forward Looking Statements: Any statements made in this presentation about future operating

More information

Talen Energy Third Quarter Update

Talen Energy Third Quarter Update We Generate Energy for a Brighter Tomorrow Talen Energy Third Quarter Update November 10, 2016 Forward-Looking Information Statement Statements contained in this presentation, including statements with

More information

Talen Energy Second Quarter Conference Call

Talen Energy Second Quarter Conference Call We Generate Energy for a Brighter Tomorrow Talen Energy Second Quarter Conference Call August 4, 2016 Disclaimer Forward Looking Statements: Any statements made in this presentation about future operating

More information

PPL, Riverstone to Form One of the Nation s Largest Independent Power Producers

PPL, Riverstone to Form One of the Nation s Largest Independent Power Producers www.pplnewsroom.com Contacts PPL, media: Dan McCarthy, 610-774-5997 PPL, financial community: Joe Bergstein, 610-774-5609 Riverstone: Jeffrey Taufield or James David, Kekst and Company, 212-521-4825 PPL,

More information

NRG Energy, Inc. Mauricio Gutierrez Executive Vice President & Chief Operating Officer

NRG Energy, Inc. Mauricio Gutierrez Executive Vice President & Chief Operating Officer NRG Energy, Inc. Mauricio Gutierrez Executive Vice President & Chief Operating Officer September 8, 204 Wolfe Research Power & Gas Leaders Conference Safe Harbor Forward-Looking Statements In addition

More information

PPL Corporation 2 nd Quarter Earnings. July 31, 2014

PPL Corporation 2 nd Quarter Earnings. July 31, 2014 PPL Corporation 2 nd Quarter Earnings July 31, 2014 PPL Corporation 2014 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation about future operating

More information

Public Service Enterprise Group

Public Service Enterprise Group Public Service Enterprise Group PSEG Earnings Conference Call 2 nd Quarter 2018 August 1, 2018 Forward-Looking Statements Certain of the matters discussed in this report about our and our subsidiaries

More information

Wolfe Research Power & Gas Leaders Conference. New York, NY September 17, 2014

Wolfe Research Power & Gas Leaders Conference. New York, NY September 17, 2014 Wolfe Research Power & Gas Leaders Conference New York, NY September 17, 2014 PPL Corporation 2014 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation

More information

PSEG ANNOUNCES 2018 RESULTS NET INCOME OF $2.83 PER SHARE NON-GAAP OPERATING EARNINGS OF $3.12 PER SHARE

PSEG ANNOUNCES 2018 RESULTS NET INCOME OF $2.83 PER SHARE NON-GAAP OPERATING EARNINGS OF $3.12 PER SHARE For further information, contact: Investor News NYSE: PEG Carlotta Chan, Senior Director Investor Relations Phone: 973-430-6565 Brian Reighn, Manager Investor Relations Phone: 973-430-6596 PSEG ANNOUNCES

More information

PPL Corporation 3 rd Quarter Earnings. November 4, 2014

PPL Corporation 3 rd Quarter Earnings. November 4, 2014 PPL Corporation 3 rd Quarter Earnings November 4, 2014 PPL Corporation 2014 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation about future operating

More information

NRG Energy Inc. Mauricio Gutierrez President, NRG Business. March 31, 2015

NRG Energy Inc. Mauricio Gutierrez President, NRG Business. March 31, 2015 NRG Energy Inc. Mauricio Gutierrez President, NRG Business March 31, 2015 Safe Harbor Forward-Looking Statements In addition to historical information, the information presented in this communication includes

More information

Public Service Enterprise Group

Public Service Enterprise Group Public Service Enterprise Group PSEG Earnings Conference Call 4 th Quarter & Full Year 2017 February 23, 2018 Forward-Looking Statements Certain of the matters discussed in this presentation about our

More information

PSEG ANNOUNCES 2017 FIRST QUARTER RESULTS $0.22 PER SHARE OF NET INCOME. Non-GAAP Operating Earnings of $0.92 Per Share

PSEG ANNOUNCES 2017 FIRST QUARTER RESULTS $0.22 PER SHARE OF NET INCOME. Non-GAAP Operating Earnings of $0.92 Per Share For further information, contact: Investor News NYSE: PEG Kathleen A. Lally, Vice President Investor Relations Phone: 973-430-6565 Carlotta Chan, Manager - Investor Relations Phone: 973-430-6596 PSEG ANNOUNCES

More information

OUR FUTURE FOCUS GREAT PLAINS ENERGY EEI INVESTOR PRESENTATION

OUR FUTURE FOCUS GREAT PLAINS ENERGY EEI INVESTOR PRESENTATION OUR FUTURE FOCUS GREAT PLAINS ENERGY EEI INVESTOR PRESENTATION November 2016 FORWARD-LOOKING STATEMENTS Statements made in this report that are not based on historical facts are forward-looking, may involve

More information

CEO Presentation. Curt Morgan Chief Executive Officer

CEO Presentation. Curt Morgan Chief Executive Officer CEO Presentation Curt Morgan Chief Executive Officer Vistra Energy: Changing the Power Landscape EVOLUTION OF SECTOR & INVESTOR SENTIMENT LATE 2016 / EARLY 2017 TODAY Overall Sector Sentiment Poor Retail

More information

PSEG ANNOUNCES 2017 THIRD QUARTER RESULTS. Net Income of $0.78 Per Share. Non-GAAP Operating Earnings of $0.82 Per Share

PSEG ANNOUNCES 2017 THIRD QUARTER RESULTS. Net Income of $0.78 Per Share. Non-GAAP Operating Earnings of $0.82 Per Share For further information, contact: Investor News NYSE: PEG Kathleen A. Lally, Vice President Investor Relations Phone: 973-430-6565 Carlotta Chan, Manager - Investor Relations Phone: 973-430-6596 PSEG ANNOUNCES

More information

Public Service Enterprise Group

Public Service Enterprise Group Public Service Enterprise Group PSEG Earnings Conference Call 3 rd Quarter 2017 October 31, 2017 Forward-Looking Statements Certain of the matters discussed in this presentation about our and our subsidiaries

More information

Cautionary Statements and Factors That May Affect Future Results

Cautionary Statements and Factors That May Affect Future Results Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation about future operating results or other future events are forward looking statements under the

More information

NRG Business Update Asset Sales

NRG Business Update Asset Sales NRG Energy Inc. NRG Business Update Asset Sales February 7, 208 Safe Harbor Forward-Looking Statements In addition to historical information, the information presented in this presentation includes forward-looking

More information

Public Service Enterprise Group

Public Service Enterprise Group Public Service Enterprise Group PSEG Earnings Conference Call 1 st Quarter 2018 April 30, 2018 Forward-Looking Statements Certain of the matters discussed in this presentation about our and our subsidiaries

More information

Merger Plus. Robert S. Shapard Executive Vice President & CFO UBS Natural Gas & Electric Utilities Conference New York City February 17, 2005

Merger Plus. Robert S. Shapard Executive Vice President & CFO UBS Natural Gas & Electric Utilities Conference New York City February 17, 2005 Merger Plus Robert S. Shapard Executive Vice President & CFO UBS Natural Gas & Electric Utilities Conference New York City February 17, 2005 Safe Harbor Language This presentation includes forward-looking

More information

PPL Investor Meetings September 2018

PPL Investor Meetings September 2018 Delivering today for a brighter tomorrow PPL Investor Meetings September 2018 P PPL Corporation 2018 1 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation

More information

Public Service Enterprise Group

Public Service Enterprise Group Public Service Enterprise Group PSEG Earnings Conference Call 1 st Quarter 2017 April 28, 2017 Forward-Looking Statements Certain of the matters discussed in this presentation about our and our subsidiaries

More information

Bank of America-Merrill Lynch Power & Gas Leaders Conference September 28, 2010

Bank of America-Merrill Lynch Power & Gas Leaders Conference September 28, 2010 Bank of America-Merrill Lynch Power & Gas Leaders Conference September 28, 2010 PPL Corporation 2010 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation

More information

Wholesale Panel. A Tale of Three (Very Different) Markets

Wholesale Panel. A Tale of Three (Very Different) Markets Wholesale Panel A Tale of Three (Very Different) Markets Lee Davis President East Region John Ragan President Gulf Coast John Chillemi President West Region Chris Moser SVP Commercial Operations East Region:

More information

Shahid Malik. energy to make things better for you, for our investors and for our stakeholders. PRESIDENT, PSEG ENERGY RESOURCES & TRADE.

Shahid Malik. energy to make things better for you, for our investors and for our stakeholders. PRESIDENT, PSEG ENERGY RESOURCES & TRADE. Shahid Malik PRESIDENT, PSEG ENERGY RESOURCES & TRADE We have the energy to make things better for you, for our investors and for our stakeholders. 1 Forward Looking Statement Readers are cautioned that

More information

PSEG ANNOUNCES 2018 THIRD QUARTER RESULTS $0.81 PER SHARE OF NET INCOME. Non-GAAP Operating Earnings of $0.95 Per Share

PSEG ANNOUNCES 2018 THIRD QUARTER RESULTS $0.81 PER SHARE OF NET INCOME. Non-GAAP Operating Earnings of $0.95 Per Share For further information, contact: Investor News NYSE: PEG Carlotta Chan, Senior Director Investor Relations Phone: 973-430-6565 Brian Reighn, Manager Investor Relations Phone: 973-430-6596 PSEG ANNOUNCES

More information

We have the. energy to make things better for you, for our investors and for our stakeholders.

We have the. energy to make things better for you, for our investors and for our stakeholders. We have the energy to make things better for you, for our investors and for our stakeholders. 1 Forward-Looking Statements Certain of the matters discussed in this report about our and our subsidiaries'

More information

We have the. energy to make things better for you, for our investors and for our stakeholders.

We have the. energy to make things better for you, for our investors and for our stakeholders. We have the energy to make things better for you, for our investors and for our stakeholders. 1 Forward-Looking Statements Certain of the matters discussed in this presentation about our and our subsidiaries

More information

Foreign Currency Hedging Update. PPL Corporation October 12, 2016

Foreign Currency Hedging Update. PPL Corporation October 12, 2016 Foreign Currency Hedging Update PPL Corporation October 12, 2016 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation about future operating results

More information

Stifel 2017 Industrials Conference

Stifel 2017 Industrials Conference Stifel 2017 Industrials Conference NYSE: CVA JUNE 2017 Cautionary Statements All information included in this earnings presentation is based on continuing operations, unless otherwise noted. Forward-Looking

More information

PSEG ANNOUNCES 2018 FIRST QUARTER RESULTS $1.10 PER SHARE OF NET INCOME. Non-GAAP Operating Earnings of $0.97 Per Share

PSEG ANNOUNCES 2018 FIRST QUARTER RESULTS $1.10 PER SHARE OF NET INCOME. Non-GAAP Operating Earnings of $0.97 Per Share For further information, contact: Investor News NYSE: PEG Kathleen A. Lally, Vice President Investor Relations Phone: 973-430-6565 Carlotta Chan, Manager - Investor Relations Phone: 973-430-6596 PSEG ANNOUNCES

More information

Q Earnings Presentation March 1, 2019

Q Earnings Presentation March 1, 2019 Q4 2018 Earnings Presentation March 1, 2019 * Safe Harbor Statement The following information contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities

More information

2017 Robert W. Baird Global Industrial Conference

2017 Robert W. Baird Global Industrial Conference 2017 Robert W. Baird Global Industrial Conference NYSE: CVA NOVEMBER 2017 Cautionary Statements All information included in this earnings presentation is based on continuing operations, unless otherwise

More information

NRG Energy, Inc.: Transforming The Business of Wholesale Power Generation

NRG Energy, Inc.: Transforming The Business of Wholesale Power Generation NRG Energy, Inc.: Transforming The Business of Wholesale Power Generation Lehman Brothers 2006 CEO Energy/Power Conference New York, New York September 5-8, 2006 Safe Harbor Statement This Investor Presentation

More information

Evercore ISI Utilities CEO Retreat Scottsdale Arizona January 11 & 12, Delivering today for a brighter tomorrow

Evercore ISI Utilities CEO Retreat Scottsdale Arizona January 11 & 12, Delivering today for a brighter tomorrow Evercore ISI Utilities CEO Retreat Scottsdale Arizona January 11 & 12, 2018 Delivering today for a brighter tomorrow Cautionary Statements and Factors That May Affect Future Results Any statements made

More information

Vistra Energy 2017 Results. February 26, 2018

Vistra Energy 2017 Results. February 26, 2018 Vistra Energy 2017 Results February 26, 2018 Safe Harbor Statements Cautionary Note Regarding Forward-Looking Statements The information presented herein includes forward-looking statements within the

More information

Goldman Sachs Power and Utility Conference

Goldman Sachs Power and Utility Conference Goldman Sachs Power and Utility Conference August 14, 2012 Name Title Company Name 1 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation about future

More information

Business Overview. Jim Scilacci Senior VP and CFO, Edison Mission Group. Lehman Brothers High Yield Bond and Syndicated Loan Conference

Business Overview. Jim Scilacci Senior VP and CFO, Edison Mission Group. Lehman Brothers High Yield Bond and Syndicated Loan Conference Business Overview Jim Scilacci Senior VP and CFO, Edison Mission Group Lehman Brothers High Yield Bond and Syndicated Loan Conference March 15, 2006 Forward-Looking Statement This presentation contains

More information

The AES Corporation Acquisition of DPL Inc. April 20, 2011

The AES Corporation Acquisition of DPL Inc. April 20, 2011 The AES Corporation Acquisition of DPL Inc. April 20, 2011 Safe Harbor Disclosure Additional Information and Where to Find it This document does not constitute an offer to sell or the solicitation of an

More information

Combination with Questar and 2015 Earnings & 2016 Guidance. February 1, 2016

Combination with Questar and 2015 Earnings & 2016 Guidance. February 1, 2016 Combination with Questar and 2015 Earnings & 2016 Guidance February 1, 2016 Today s Agenda Transaction Overview and Strategic Rationale Combined Company Profile and Financial Outlook 2015 Earnings Results

More information

DEUTSCHE 2017 CLEAN TECH, UTILITIES & POWER CONFERENCE

DEUTSCHE 2017 CLEAN TECH, UTILITIES & POWER CONFERENCE DEUTSCHE 2017 CLEAN TECH, UTILITIES & POWER CONFERENCE New York May 16, 2017 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking

More information

WESTAR ENERGY AND GREAT PLAINS ENERGY ANNOUNCE MERGER OF EQUALS TO FORM LEADING MIDWEST ENERGY COMPANY. July 10, 2017

WESTAR ENERGY AND GREAT PLAINS ENERGY ANNOUNCE MERGER OF EQUALS TO FORM LEADING MIDWEST ENERGY COMPANY. July 10, 2017 WESTAR ENERGY AND GREAT PLAINS ENERGY ANNOUNCE MERGER OF EQUALS TO FORM LEADING MIDWEST ENERGY COMPANY July 10, 2017 FORWARD-LOOKING STATEMENTS Statements made in this presentation that are not based on

More information

3 rd Quarter Earnings Call Thursday, November 1, 2018

3 rd Quarter Earnings Call Thursday, November 1, 2018 Delivering today for a brighter tomorrow 3 rd Quarter Earnings Call Thursday, November 1, 2018 P PPL Corporation 2018 1 Cautionary Statements and Factors That May Affect Future Results Any statements made

More information

Investor Call on 2Q 2017 Results. October 2, 2017

Investor Call on 2Q 2017 Results. October 2, 2017 Investor Call on 2Q 2017 Results October 2, 2017 Forward-Looking Statements This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section

More information

Executing Our Long-term Strategy

Executing Our Long-term Strategy Executing Our Long-term Strategy Jeff Sterba, CEO Chuck Eldred, CFO Sale of PNM Natural Gas Operations Purchase of Cap Rock Holding Corporation Safe Harbor Safe Harbor Statement under the Private Securities

More information

THE DEPARTMENT OF ENERGY S GRID RESILIENCE PRICING PROPOSAL: A COST ANALYSIS

THE DEPARTMENT OF ENERGY S GRID RESILIENCE PRICING PROPOSAL: A COST ANALYSIS THE DEPARTMENT OF ENERGY S GRID RESILIENCE PRICING PROPOSAL: A COST ANALYSIS BY ROBBIE ORVIS, ANDREW GOGGINS, BRENDAN PIERPONT, MAREN WENZEL, LAURA SANCHEZ, AND DAVID POSNER OCTOBER 2017 The Department

More information

Investor Meetings August 4 12, 2014

Investor Meetings August 4 12, 2014 Investor Meetings August 4 12, 2014 Safe Harbor This presentation includes statements concerning NU s expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial

More information

Exelon Reports Second Quarter 2018 Results

Exelon Reports Second Quarter 2018 Results Investors Newsroom Suppliers Contact Us COMPANY THE CAREERS LOCATIONS SUSTAINABILITY COMMUNITY GRID NEWSROOM Exelon Reports Second Quarter 2018 Results AUGUST 2, 2018 Earnings Release Highlights GAAP Net

More information

InfraREIT, Inc. Wolfe Research Power & Gas Leaders Conference September 2015

InfraREIT, Inc. Wolfe Research Power & Gas Leaders Conference September 2015 InfraREIT, Inc. Wolfe Research Power & Gas Leaders Conference September 2015 Safe Harbor Forward Looking Statements This presentation contains forward-looking statements about the business, financial performance,

More information

Bank of America Energy & Power Conference November 16, 2004

Bank of America Energy & Power Conference November 16, 2004 Bank of America Energy & Power Conference November 16, 2004 Forward-Looking Statements This document may contain forward-looking statements within the meaning of the safe harbor of the Private Securities

More information

4th Quarter 2011 Earnings & 2012 Guidance Call February 16, 2012

4th Quarter 2011 Earnings & 2012 Guidance Call February 16, 2012 Bill Johnson Chairman, President & CEO 4th Quarter 2011 Earnings & 2012 Guidance Call February 16, 2012 Mark Mulhern Chief Financial Officer Caution Regarding Forward-Looking Statements This presentation

More information

SEPTEMBER 2017 INVESTOR MEETINGS SEPTEMBER 14, 2017

SEPTEMBER 2017 INVESTOR MEETINGS SEPTEMBER 14, 2017 SEPTEMBER 2017 INVESTOR MEETINGS SEPTEMBER 14, 2017 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements within the meaning

More information

2 nd Quarter Earnings Call Tuesday, August 7, 2018

2 nd Quarter Earnings Call Tuesday, August 7, 2018 Delivering today for a brighter tomorrow 2 nd Quarter Earnings Call Tuesday, August 7, 2018 P PPL Corporation 2018 1 Cautionary Statements and Factors That May Affect Future Results Any statements made

More information

21 st Century Competitive Energy Provider

21 st Century Competitive Energy Provider NRG Energy Creating the Foundation for the Leading 21 st Century Competitive Energy Provider Safe Harbor Forward Looking Statements In addition to historical information, the information presented in this

More information

FirstEnergy Transforming to a Regulated Company

FirstEnergy Transforming to a Regulated Company FirstEnergy Transforming to a Regulated Company Charles E. Jones, President and CEO Phoenix, AZ November 2016 Forward-Looking Statements This presentation includes forward-looking statements based on information

More information

Fourth Quarter 2018 Earnings Conference Call

Fourth Quarter 2018 Earnings Conference Call Fourth Quarter 2018 Earnings Conference Call NYSE: CVA Cautionary Statements All information included in this earnings presentation is based on continuing operations, unless otherwise noted. Forward-Looking

More information

AEP REACHES AGREEMENT TO ACQUIRE SEMPRA RENEWABLES WIND PORTFOLIO

AEP REACHES AGREEMENT TO ACQUIRE SEMPRA RENEWABLES WIND PORTFOLIO AEP REACHES AGREEMENT TO ACQUIRE SEMPRA RENEWABLES WIND PORTFOLIO February 2, 209 Deutsche 208 Utilities, Power & Clean Tech Conference aep.com 0 Safe Harbor Statement under the Private Securities Litigation

More information

NRG Energy Enters into Agreement to Acquire Edison Mission Energy Significantly Increases Assets Eligible for NRG Yield

NRG Energy Enters into Agreement to Acquire Edison Mission Energy Significantly Increases Assets Eligible for NRG Yield s PRESS RELEASE FOR IMMEDIATE RELEASE NRG Energy Enters into Agreement to Acquire Edison Mission Energy Significantly Increases Assets Eligible for NRG Yield Strategic Rationale Increases NRG s generation

More information

We have the. energy to make things better for you, for our investors and for our stakeholders.

We have the. energy to make things better for you, for our investors and for our stakeholders. We have the energy to make things better for you, for our investors and for our stakeholders. 1 Forward-Looking Statements Certain of the matters discussed in this presentation about our and our subsidiaries

More information

Wells Fargo Pipeline, MLP and Energy Symposium. Jerry Sheridan, President and CEO AmeriGas Partners, LP December 10, /10/13

Wells Fargo Pipeline, MLP and Energy Symposium. Jerry Sheridan, President and CEO AmeriGas Partners, LP December 10, /10/13 Wells Fargo Pipeline, MLP and Energy Symposium Jerry Sheridan, President and CEO AmeriGas Partners, LP December 10, 2013 About This Presentation This presentation contains certain forward-looking statements

More information

Morgan Stanley Utilities, Clean Tech and Midstream Energy Conference New York, Tuesday, February 27, Delivering today for a brighter tomorrow

Morgan Stanley Utilities, Clean Tech and Midstream Energy Conference New York, Tuesday, February 27, Delivering today for a brighter tomorrow Morgan Stanley Utilities, Clean Tech and Midstream Energy Conference New York, Tuesday, February 27, 2018 Delivering today for a brighter tomorrow Cautionary Statements and Factors That May Affect Future

More information

Remarks by InfraREIT Regarding Third Quarter and Year-to-Date Financial Results

Remarks by InfraREIT Regarding Third Quarter and Year-to-Date Financial Results Remarks by InfraREIT Regarding Third Quarter and Year-to-Date Financial Results Please find below Management s remarks issued in conjunction with the Supplemental Slides entitled 3Q 2018 Results & Supplemental

More information

December 9, City of Farmington Integrated Resource Planning (IRP)

December 9, City of Farmington Integrated Resource Planning (IRP) December 9, 2016 City of Farmington Integrated Resource Planning (IRP) Restricted Siemens AG 2013 All rights reserved. Answers for infrastructure and cities. Pace Global Disclaimer This Report was produced

More information

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 2016 Power & Gas Leaders Conference Bank of America Merrill Lynch Boston, MA September 15, 2016 1 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This presentation contains

More information

4 th Quarter 2013 Earnings Release Presentation January 27, 2014

4 th Quarter 2013 Earnings Release Presentation January 27, 2014 4 th Quarter 2013 Earnings Release Presentation January 27, 2014 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements within

More information

EEI 2014 Financial Conference. November 11-14, 2014

EEI 2014 Financial Conference. November 11-14, 2014 EEI 2014 Financial Conference November 11-14, 2014 Safe Harbor This presentation includes statements concerning NU s expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events,

More information

1st Quarter Earnings Call May 5, 2011

1st Quarter Earnings Call May 5, 2011 1st Quarter Earnings Call May 5, 2011 Bill Johnson Mark Mulhern Chairman, President & CEO Chief Financial Officer Caution Regarding Forward-Looking Statements This presentation contains forward-looking

More information

Credit Suisse 24 th Annual Energy Summit Bill Way, President and CEO NYSE: SWN

Credit Suisse 24 th Annual Energy Summit Bill Way, President and CEO NYSE: SWN Credit Suisse 24 th Annual Energy Summit Bill Way, President and CEO NYSE: SWN Forward-Looking Statements This presentation contains forward-looking statements. Forward-looking statements relate to future

More information

Credit Suisse 2009 Energy Summit

Credit Suisse 2009 Energy Summit Credit Suisse 2009 Energy Summit February 3, 2009 Vail, Colorado Investor & Public Relations Norelle Lundy, Vice President Nir Grossman, Senior Director 713-507-6466 ir@dynegy.com Forward-looking Statements

More information

EL PASO ELECTRIC. Jefferies Marketing Tour June 2012

EL PASO ELECTRIC. Jefferies Marketing Tour June 2012 EL PASO ELECTIC Jefferies Marketing Tour June 2012 Safe Harbor Statement Statements in this presentation, other than statements of historical information, are forward-looking statements that are made pursuant

More information

Eversource Energy AGA Financial Forum May 15 17, 2016

Eversource Energy AGA Financial Forum May 15 17, 2016 Eversource Energy 2016 AGA Financial Forum May 15 17, 2016 Safe Harbor All per share amounts in this presentation are reported on a diluted basis. The only common equity securities that are publicly traded

More information

Veritiv Corporation Third Quarter 2017 Financial Results November 7, 2017

Veritiv Corporation Third Quarter 2017 Financial Results November 7, 2017 Veritiv Corporation Third Quarter 2017 Financial Results November 7, 2017 Tom Morabito Director of Investor Relations 2 Safe Harbor Provision Certain statements contained in this presentation regarding

More information

FOURTH-QUARTER SUMMARY

FOURTH-QUARTER SUMMARY For Immediate Release Feb. 23, 2010 Reports Solid 2009 Earnings Choice Power posts strong year; PNM utility results improve Management to discuss 2010 earnings outlook during conference call today FOURTH-QUARTER

More information

Investor Presentation NRG Yield, Inc. (NYSE: NYLD) September 2014

Investor Presentation NRG Yield, Inc. (NYSE: NYLD) September 2014 Investor Presentation NRG Yield, Inc. (NYSE: NYLD) September 204 Safe Harbor This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 933 and Section

More information

Commercial Operations. Steve Muscato Chief Commercial Officer

Commercial Operations. Steve Muscato Chief Commercial Officer Commercial Operations Steve Muscato Chief Commercial Officer PORTFOLIO OPTIMIZATION ERCOT MARKET KEY TAKEAWAYS POWER PORTFOLIO AS A SERIES OF OPTIONS Vistra converts unit parameters and fuel logistics

More information

Earnings Conference Call. First Quarter 2013 April 30, 2013

Earnings Conference Call. First Quarter 2013 April 30, 2013 Earnings Conference Call First Quarter 2013 April 30, 2013 Cautionary Statements And Risk Factors That May Affect Future Results Any statements made herein about future operating and/or financial results

More information

Click to edit Master title style. Consolidated Communications Investor Presentation

Click to edit Master title style. Consolidated Communications Investor Presentation Click to edit Master title style NASDAQ: CNSL Consolidated Communications Investor Presentation May 2017 Safe Click Harbor to edit Master title style The Securities and Exchange Commission ( SEC ) encourages

More information

2016 Earnings Guidance

2016 Earnings Guidance 2016 Earnings Guidance December 18, 2015 Safe Harbor Statement Statements made in this presentation that relate to future events or PNM Resources ( PNMR ), Public Service Company of New Mexico s ( PNM

More information

CENTERPOINT ENERGY Investor Update

CENTERPOINT ENERGY Investor Update CENTERPOINT ENERGY Investor Update September 4-5, 2018 Cautionary Statement This presentation and the oral statements made in connection herewith contain forward-looking statements within the meaning of

More information

EVERCORE ISI UTILITY CEO RETREAT. January 12 & 13, 2017

EVERCORE ISI UTILITY CEO RETREAT. January 12 & 13, 2017 EVERCORE ISI UTILITY CEO RETREAT January 12 & 13, 2017 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements within the

More information

Atlantica Yield Reports Third Quarter 2017 Financial Results

Atlantica Yield Reports Third Quarter 2017 Financial Results Atlantica Yield Reports Third Quarter 2017 Financial Results Revenues for the nine-month period of $775.2 million (2% increase from the comparable period of 2016) and Further Adjusted EBITDA including

More information

Acquisition of FairPoint Communications

Acquisition of FairPoint Communications NASDAQ: CNSL Acquisition of FairPoint Communications NOVEMBER 2016 December 5, 2016 Click Call Participants to edit Master title style Bob Udell President and CEO, Consolidated Communications Paul Sunu

More information

Third Quarter 2018 Earnings Conference Call

Third Quarter 2018 Earnings Conference Call Third Quarter 2018 Earnings Conference Call NYSE: CVA Cautionary Statements All information included in this earnings presentation is based on continuing operations, unless otherwise noted. Forward-Looking

More information

Boston & New York Investor Meetings October 5 & 6, 2015

Boston & New York Investor Meetings October 5 & 6, 2015 Boston & New York Investor Meetings October 5 & 6, 2015 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements within the

More information

Business Overview and Strategy. Handout. March, 2005

Business Overview and Strategy. Handout. March, 2005 Business Overview and Strategy Handout March, 2005 Forward-Looking Statements This presentation contains forward-looking information. The words expect, forecast, potential, projected, anticipated, predict,

More information

Acquisition of Columbia Pipeline Group, Inc. March 17, 2016

Acquisition of Columbia Pipeline Group, Inc. March 17, 2016 Acquisition of Columbia Pipeline Group, Inc. March 17, 2016 Prospectus Information An amended and restated preliminary short form prospectus containing important information relating to the securities

More information

2017 Full Year Results & Supplemental Information March 1, 2018

2017 Full Year Results & Supplemental Information March 1, 2018 2017 Full Year Results & Supplemental Information March 1, 2018 Safe Harbor Forward Looking Statements This presentation contains forward-looking statements about the business, financial performance, contracts,

More information

ENTERGY STATISTICAL REPORT AND INVESTOR GUIDE

ENTERGY STATISTICAL REPORT AND INVESTOR GUIDE ENTERGY STATISTICAL REPORT AND INVESTOR GUIDE 2016 Our Vision: We Power Life Our Mission: We exist to operate a world-class energy business that creates sustainable value for our four stakeholders owners,

More information

AGA Financial Forum Business Update. May 15-17, 2016

AGA Financial Forum Business Update. May 15-17, 2016 AGA Financial Forum Business Update May 15-17, 2016 Safe Harbor Statement Many factors impact forward-looking statements including, but not limited to, the following: impact of regulation by the EPA, FERC,

More information

CENTERPOINT ENERGY Investor Update

CENTERPOINT ENERGY Investor Update CENTERPOINT ENERGY Investor Update October 2, 2018 Cautionary Statement This presentation and the oral statements made in connection herewith contain forward-looking statements within the meaning of Section

More information

ITC Holdings Corp. Investor Meetings. January 2015

ITC Holdings Corp. Investor Meetings. January 2015 ITC Holdings Corp. Investor Meetings January 2015 Safe Harbor Language & Legal Disclosure This presentation contains certain statements that describe our management s beliefs concerning future business

More information

OUR FUTURE FOCUS GREAT PLAINS ENERGY INVESTOR PRESENTATION

OUR FUTURE FOCUS GREAT PLAINS ENERGY INVESTOR PRESENTATION OUR FUTURE FOCUS GREAT PLAINS ENERGY INVESTOR PRESENTATION June 2016 FORWARD-LOOKING STATEMENTS Statements made in this communication that are not based on historical facts are forward-looking, may involve

More information

PPL CORPORATION Poised for growth. Investing in our future.

PPL CORPORATION Poised for growth. Investing in our future. PPL CORPORATION Poised for growth. Investing in our future. 2nd Quarter Earnings Call August 3, 2017 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation

More information

INVESTMENT-DRIVEN North American Pipelines. June 22, 2011

INVESTMENT-DRIVEN North American Pipelines. June 22, 2011 INVESTMENT-DRIVEN GROWTH 2011 North American Pipelines & Utilities Conference June 22, 2011 Forward Looking Statements This document contains forward-looking statements within the meaning of federal securities

More information

Atlantica Yield Reports Full Year 2016 Financial Results

Atlantica Yield Reports Full Year 2016 Financial Results Atlantica Yield Reports Full Year 2016 Financial Results Revenue for the full year 2016 reached $971.8 million, a 23% increase compared with previous year. Further Adjusted EBITDA including unconsolidated

More information

Veritiv Corporation Fourth Quarter and Fiscal Year 2017 Financial Results March 1, 2018

Veritiv Corporation Fourth Quarter and Fiscal Year 2017 Financial Results March 1, 2018 Veritiv Corporation Fourth Quarter and Fiscal Year 2017 Financial Results March 1, 2018 Tom Morabito Director of Investor Relations 2 Safe Harbor Provision Certain statements contained in this presentation

More information

COVANTA HOLDING CORPORATION REPORTS 2018 THIRD QUARTER RESULTS AND REAFFIRMS 2018 GUIDANCE

COVANTA HOLDING CORPORATION REPORTS 2018 THIRD QUARTER RESULTS AND REAFFIRMS 2018 GUIDANCE COVANTA HOLDING CORPORATION REPORTS 2018 THIRD QUARTER RESULTS AND REAFFIRMS 2018 GUIDANCE MORRISTOWN, NJ, October 25, 2018 - Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company"), a world

More information

February 7, Vistra Energy Expands Retail: Crius Acquisition

February 7, Vistra Energy Expands Retail: Crius Acquisition February 7, 2019 Vistra Energy Expands Retail: Crius Acquisition SAFE HARBOR STATEMENTS Cautionary Note Regarding Forward-Looking Statements The information presented herein includes forward-looking statements

More information