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UNITIL Corporation
7/30/2020
Good afternoon, everyone, and welcome to the Unitil Corporation Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. If anyone should require any assistance during the conference, please press star, then zero on your touchstone telephone. And as a reminder, this conference call is being recorded. I would now like to turn the conference over to your host for today, Mr. Todd Diggins.
Good afternoon and thank you for joining us to discuss Unitil Corporation's second quarter 2020 financial results. With me today are Tom Meissner, Chairman, President, and Chief Executive Officer, Larry Brock, Senior Vice President, Chief Financial Officer and Treasurer, Dan Hurstak, Controller, and Todd Black, Senior Vice President, External Affairs and Customer Relations. Also in attendance today is Bob Hevert. Bob was recently appointed Senior Vice President, Chief Financial Officer, and Treasurer, effective July 31st, as we will discuss in further detail momentarily. We will discuss financial and other information about our second quarter results on this call. As we mentioned in the press release announcing the call, we have posted that information, including a presentation, to the investor section of our website at www.unital.com. We will refer to that information during this call. On slide two, the comments made today about future operating results or future events are forward-looking statements under the safe harbor provisions of the Private Security Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from those predicted. Statements made on this call should be considered together with cautionary statements and other information contained in our most recent annual report, on Form 10-K and other documents we have filed with or furnished to the Securities and Exchange Commission. Forward-looking statements speak only as of today, and we assume no duty to update them. This presentation contains non-GAAP measures. The accompanying supplemental information more fully describes these non-GAAP measures and includes a reconciliation to the nearest GAAP measures. The company believes these non-GAAP measures are useful in evaluating its performance. I will now turn the call over to Chairman, President, and CEO, Tom Meissner.
Thank you, Todd, and thanks, everyone, for joining us today. Before we start moving to slide three, I'd like to introduce Bob Hevert, who was recently appointed Senior Vice President, Chief Financial Officer, and Treasurer. Bob brings over 30 years of industry experience in regulatory matters and corporate finance and has testified in over 300 proceedings as an expert witness. In fact, Bob has testified on behalf of Unitil in each of the states where we operate, including most recently as the cost of equity witness in our recent Ray case in Maine. Bob was previously with Scott Madden as partner and practice area leader of rates regulation and planning. We believe that Bob's proven track record of success in his broad industry experience will be of great value to the company and its shareholders. At this point, I'd like to give Bob the opportunity to just say a few words.
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