PG&E Corporation (PCG) Q1 2023 Earnings Call Transcript

PG&E Corporation (NYSE:PCG) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET

Company Participants

Jonathan Arnold - VP, IR

Patricia Poppe - CEO & Director

Chris Foster - EVP & CFO

Carolyn Burke - EVP Finance, Incoming CFO

Conference Call Participants

Steven Fleishman - Wolfe Research

Shahriar Pourreza - Guggenheim Securities

Julien Dumoulin-Smith - Bank of America

Anthony Crowdell - Mizuho Securities

Ryan Levine - Citigroup

Operator

Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the PG&E Corporation First Quarter 2023 Earnings Release Conference Call. Today's conference is being recorded. [Operator Instructions]

At this time, I would like to turn the conference over to Jonathan Arnold, Vice President, Investor Relations. Please go ahead.

Jonathan Arnold

Good morning, everyone, and thank you for joining us for PG&E's First Quarter 2023 Earnings Call. With us today are Patti Poppe, Chief Executive Officer; Chris Foster, our Executive Vice President and Chief Financial Officer; and Carolyn Burke, our Executive Vice President of Finance, who will step into the CFO role later today. We also have other members of the leadership team here with us in our Oakland headquarters.

First, I should remind you that today's discussion will include forward-looking statements about our outlook for future financial results. These statements are based on information currently available to management. Some of the important factors, which could affect our actual financial results, are described on the second page of today's first quarter earnings call presentation.

The presentation also includes a reconciliation between non-GAAP and GAAP financial measures. The slides, along with other relevant information, can be found online at investor.pgecorp.com. We would also encourage you to review our quarterly report on Form 10-Q for the quarter ended March 31, 2023, which was released earlier today.

And with that, it's my pleasure to hand the call over to our CEO, Patti Poppe.

Patricia Poppe

Thank you, Jonathan, and good morning, everyone. I'd like to begin by noting that this will be Chris Foster's last earnings call with PG&E. Thank you, Chris, for your commitment and service to our company over the past 11 years. Since we announced our CFO transition in March, Chris has worked tirelessly to ensure an orderly transition to Carolyn Burke, who will formally take over as our CFO later today. So thank you, Chris, for your friendship, your leadership and your dedication to serving our customers and investors.