http://www.morningstar.com/earnings/49112110-american-water-works-co-inc-awk-q4-2012.aspx

American Water Works Co Inc AWK
Q4 2012 Earnings Call Transcript

Transcript Call Date 02/27/2013

Operator: Good morning and welcome to American Water's Year-End 2012 Earnings Conference Call. As a reminder, this call is being recorded and also being webcast with an accompanying slide presentation through the Company's website, www.amwater.com.

Following the earnings conference call, an audio archive of the call will be available through March 6, 2013, by dialing 303-590-3030 for U.S. and international callers. The access code for the replay is 4593380. The online archive of the webcast will be available through April 17, 2013, by accessing the Investor Relations page of the Company's website located at www.amwater.com. At this time, all participants have been placed in a listen-only mode. Following the management's prepared remarks, we will open the call for questions.

I would now like to introduce your host for today's call, Ed Vallejo, Vice President of Investor Relations. Mr. Vallejo you may begin.

Edward D. Vallejo - VP, IR: Good morning everyone and welcome to American Water's 2012 year end conference call. As usual, we'll keep our call to about an hour. At the end of our prepared remarks, we will have time for questions.

But before we begin, I'd like to remind everyone that during the course of this conference call, both in our prepared remarks and in answers to your questions, we may make statements related to our future performance. Our statements represent our most reasonable estimates. However, since these estimates deal with future events, they are subject to numerous risks, uncertainties, and other factors that may cause the actual performance of American Water to be materially different from the performance indicated or implied by such statements. Such risk factors are set forth in the Company's SEC filings.

Now I'd like to turn the call over to American Water's President and CEO, Jeff Sterba.

Jeffry Sterba - President and CEO: Thanks, Ed. Good morning to you all and thank you for joining us today. I'll be joined in the presentation by Ellen Wolf our Chief Financial Officer and in addition Walter Lynch who heads our Regulated Operations is here to help with your good questions that I'm sure you will have.

Before delving into the results of 2012 let me just make an opening comment. As you know Ellen announced her retirement from our Company in January and I just want to take this opportunity to thank her for her tremendous dedication, expertise and leadership, during the 12 years that she has served our Company.

On a personal basis, it's been a true pleasure to work with you and to really see the caliber and commitment that she has brought. Her direction of our financial objectives and obligations has helped us deliver strong results year-over-year and she is about as red as the shirt that she is wearing right now. I also want to thank her for helping to ensure a smooth transition. As you know, Susan Story will join us on April 1st as our new CFO. I believe a number of you know her and personally I am thrilled to bring someone with her diverse background to our Company. Her experience and breadth of skills make her an excellent fit for this position and for American Water and we look forward to introducing her to those of you who may not have had a chance to get to know her in the past at our next earnings call in May.

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