Good morning and welcome to the Northwest Natural 2013 Results Conference Call and Webcast. 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. Bob Hess, Director of Investor Relations, please go ahead.

Thank you, Gary. Good morning everybody and welcome to our 2013 year-end and fourth quarter earnings call. As a reminder, some of the things that will be said this morning contain forward-looking statements. They are based on management’s assumptions, which may or may not come true, and you should refer to the language at the end of our news release for the appropriate cautionary statements and also to our SEC filings for additional information. We expect to file our 10-K later today. As previously mentioned this teleconference is being recorded and will be available on our website approximately an hour following the call. Please that these conference calls are designed for the financial community. If you are an individual investor and have questions please contact me directly at area code 503-220-2388, media may contact Kim Heiting directly at 503-220-2366. Speaking this morning are Gregg Kantor, President and Chief Executive Officer, and Steve Feltz, Senior Vice President and Chief Financial Officer. Gregg and Steve have some opening remarks and then will be available to answer your questions. Also, joining us today are other members of our executive team who can help to answer those questions. With that it’s my pleasure to turn it over to Gregg.

Good morning everyone, and welcome to our fourth quarter and year-end review. I’ll begin today with an overview of 2013 and then turn it over to Steve to provide the financial details for the quarter and the year. I’ll wrap up the call with a look forward. 2013 marked the first full year following the conclusion of our Oregon general rate case and while not all of the issues from the case are completed, I’m pleased to report we posted earnings per share $2.24. As I’ve mentioned before there were a number of rate case issues pushed into new proceedings last year. The Oregon commission opened four new dockets, one to resolve implementation issues related to our new environmental coast recovery mechanism, a second to determine whether working gas inventory balances should be added to rate base. Another to review the current revenue sharing agreement for interstate storage and optimization services. And the fourth to determine whether prepaid pension assets should be added to rate base. Last fall we received OPUC approval to add 39.5 million of working gas inventory to rate base, closing out that docket. The associated carrying cost replaced in to rates with the purchase gas adjustment filing on November 1. Last fall we also announced an all-party settlement that addressed several implementation issues related to our new environmental cost recovery mechanism. As you may recall, this mechanism is designed to address cost recovery for clean-up of our legacy manufacturing gas plant operations. In reviewing the settlement, the commission indicated they would be supportive of certain aspects of the agreement but also cited a desire to reassess how an earnings test should be applied. As a result, the OPUC directed that the parties continue to work through the proceeding this year. The OPUC did rule on one…

Thank you, Gregg and good morning everyone. As Gregg noted, we made significant progress on a number of operational, regulatory and growth initiatives in 2013. As a result, earnings for the quarter were up $0.03 a share and for the year were up $0.06 a share compared to the prior the year. Net income was $61 million or $2.24 a share for 2013 versus net income of 59 million or $2.18 a share for 2012. The improvements over 2012 were largely driven by an increase in utility margin and an increase in net income from gas storage operations. In addition, results for 2012 were lower because of a onetime income tax charge which aided the 2013 year-over-year increase. These increases were partly offset by higher operating expenses. Let me pause a moment and comment on how results for the year compared to our 2013 earning guidance. As you may recall, the Oregon Commission approved in principal the recovery of environmental expenditures in our 2012 rate case. Upon conclusion of the case, we began working with all parties to determine how cost and associated insurance proceeds would be handled. That work resulted in an all-party settlement that was announced in the second quarter of 2013. Part of that settlement proposal was an agreement on our part to forgo recovery of $7 million pre-tax which resulted in us revising guidance down by $0.13 in anticipation of the charge to a revised guidance range of $2.02 to $2.22 per share. Unfortunately, the settlement was not approved by the commissioners and thus we did not take the charge in 2013. As a result, the reported earnings of $2.24 per share was within the guidance range without the charge. Turning now to a more complete discussion of full year results, our utility generated net income…

Thanks Steve. As we move into 2014 without a question abundant domestic supplies of natural gas are creating new avenues for growth, avenues that wouldn’t have seemed viable just a few years ago. Great example is the opportunity we now have in the transportation sector. Today like never before we have the ability to reduce our dependence on foreign oil and lower our environmental impact by moving fleet vehicles to compressed natural gas. By switching to CNG fleet operators can cut their fuel costs in half and reduce their emissions. Unfortunately there is little refueling infrastructure readily available that would allow fleet owners to make that -- the change. To bridge that gap last fall we filed a new tariff with the Oregon commission to provide high pressure natural gas service to business customers interested in moving their fleet to CNG. There were a number of organizations interested in the service that provided support through the regulatory review process. In the coming months we’ll be working with them on the details of our service and to determine whether we can serve them. We’ll also be working toward a decision on a potential expansion at our Mist underground storage facility in Oregon and continue to work with Portland General Electric to explore how a Mist expansion could provide a flexible on-demand fuel source for their gas plants at Fort Westward, plants designed to integrate wind resources into their system supply. In 2013 we worked through many of the engineering details for the project and in 2014 we’ll be working with PGE to refine cost and determine whether the expansion will move forward. While the North West storage situation continues to offer near term potential, storage values in many parts of the country remain low, despite these conditions we continue to work…

We will now begin the question and answer session, (Operator Instructions).

Well doesn’t look like anyone had a question, we must have been very good at explaining everything, take that as a compliment, I guess. Thank you all once again for joining us and hope to see you all down the road someplace. And with that, I guess we’ll slide on.

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