Good day, and welcome to the New Jersey Resources Corporation Third Quarter Fiscal 2016 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Mr. Dennis Puma with Investor Relations. Please go ahead.

Thank you, Allison, and good morning, everyone. Welcome to New Jersey Resources third quarter fiscal 2016 conference call and webcast. I'm joined today by Larry Downes, our Chairman and CEO; Pat Migliaccio, our Chief Financial Officer, as well as other members of our senior management team. As you know, certain statements in today's call contain statements and other forward-looking statements within the meaning of the Securities Laws. We wish to caution listeners to the call that the current expectations, assumptions and beliefs forming the basis for our forward-looking statements include many factors that are beyond our ability to control or estimate precisely, which could cause results to materially differ from our expectations. A list of these items can be found, but is not limited to the forward-looking statements section of today's news release first on Form 8-K and in our most recent 10-K filed with the SEC. Both of these items can be found at sec.gov. We do not, by including the statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events. I would also like to point out that there are slides accompanying today's discussion, which will available on our website and were furnished on our Form 8-K this morning. With that said, I would like to turn the call over to our Chairman and CEO, Larry Downes. Larry?

Thanks, Dennis. Good morning, everyone, and thank you for joining us today. For those of you who have seen this morning's earnings release, you know that we had a strong third quarter. Our year-to-date earnings were also solid and we remain on target to achieve our earnings guidance range of a $1.55 to $1.65 per share for fiscal 2016. As we begin this morning, and as Dennis mentioned I wanted to remind everyone that during my presentation, I will be discussing our future, and I will be making forward-looking statements. The actual results maybe affected by many risk factors including those that are listed on Slide 2. As Dennis noted, the complete list is included in our 10-K and I would ask you to please take the time to review them carefully. As noted on Slide 3, I will be referring to certain non-GAAP financial measures such as net financial earnings, which I’ll refer to as NFE. We believe that NFE provides more complete understanding of our financial performance, however, I want to emphasize that NFE is not intended to be a substitute for GAAP. Our non-GAAP financial measures are discussed more fully in item 7 of our 10-K and I would also ask you to please take the time and review that disclosure carefully as well. Moving to Slide 4, our NFE in the quarter were $0.13 per share compared with $0.03 per share in the third quarter of fiscal 2015. New Jersey Natural Gas recorded higher utility gross margin from customer additions and the SAVEGREEN project which is our energy efficiency program. Our ongoing investments in our infrastructure enhancement programs are on track to improve the safety, reliability, and integrity of our distribution and transmission systems and that will benefit our customers as well as the growing communities…

Thanks Larry, and good morning, everyone. On Slide 11, we’ve broken out our NFE by operating company for the three and nine months ended June 30, 2016. NFE for the third quarter of 2016 were $11 million or $0.13 per share compared to the $2.5 million or $0.03 per share last year. For the nine months ended June 30, 2016 NFE totaled $140.1 million or $1.63 per share compared to $156.7 million or $1.84 per share in the first nine months of 2015. The chart on Slide 14 shows the changes in the utility gross margin in the past 12 months and as you can see customer growth is the largest contributor to the improvement. Our BGSS incentives were down year-over-year due primarily to decreases in the storage incentive program and the value of capacity. Since its inception, the BGSS incentive programs have saved customers approximately $859 million. And as Larry discussed our future growth of NJNG we based on continued customer growth, year rates and a variety of regulatory programs. Turning to Slide 15. We added 5,289 new customers in the first nine months of fiscal 2016, with approximately 45% converting from other fuels, primarily fuel oil. These new and conversion customers combined with the large industrial customers switching from interruptible to firm service, are expected to contribute approximately $3.9 million annually to utility gross margin. Although additions are down for the nine-month period ended June 30, 2016 due to timing differences, we’re on track to add 8,150 customers to our system in fiscal 2016. This will represent about a 4% increase over the prior year. Through fiscal 2018 we expect customer growth additions of 24,000 to 28,000 representing an annual new customer growth rate of about 1.6%. Slide 16, reviews NJNG’s capital spending for the first nine months…

Thanks Pat. I want to conclude our call today by summarize on our shareholder returns what’s you can see on Slide 23. As you look at those numbers you can really see how we've been able to reward our share owners both in the long-term and the short-term with very good returns and it really reflects the efforts to work every single day of our more than 1,000 employees because without everything that they do on behalf of our customers we cannot have achieved the results so we have and I've said this on every earnings call, but I would say again that our employees are the foundation of our Company and I'm grateful for what they do every single day. So thank you for your time today. And we would be happy to take any of your questions.

[Operator Instructions]

[Operator Instructions] And ladies and gentlemen, at this time as I'm not showing any questions. This will conclude our question-and-answer session. I would like to turn the conference back over to Mr. Dennis Puma for any closing remarks.

All right. Thank you, Allison. Thanks everybody for joining us today. As a reminder recording of this call is available for replay on our website. Again we appreciate your interest and investment in New Jersey Resources. Have a great day. Good bye.

The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.