All right. Good morning, everybody. We're going to be starting in a few seconds. Well, good morning. I know that it's early in the morning, and we really appreciate you getting here so early. I'm Jeff Kotkin, NU's Vice President for Investor Relations. Speaking today will be Tom May, NSTAR Chairman, President and Chief Executive Officer; David McHale, NU Executive Vice President and Chief Financial Officer; and Jim Judge, NSTAR Senior Vice President and Chief Financial Officer. Chuck Shivery, NU's Chairman, President and CEO, and Lee Olivier, NU's Executive Vice President and COO, were unable to join us for the conference [Audio Gap] we make in the presentation may be forward-looking, as defined within the meaning of the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainty, which may cause the actual events to differ materially from forecasts and projections. Some of these factors are set forth in the news releases that NSTAR and NU issued on Friday and are in the first 3 pages of this presentation, which we'll page through now. If you have not yet seen those news releases or this morning's presentation and you're on the webcast, they are up on our website. Additional information about the various factors that may cause actual results to differ can be found in our respective annual reports on Form 10-K for the year ended December 31, 2010 and our most recent 10-Qs, which are available as of this morning. In these documents, we also narrate [ph] our expectations of how and why we use certain non-GAAP measures. Now I'll turn over the call and the presentation to Tom.

Thanks, Jeff, and thank you all for coming this morning. My job is to officially welcome you. And I was supposed to be welcoming you with Chuck. He and I were going to do a tag team and tell you how excited we are to be in the red zone with our merger. Unfortunately, I don't feel like using both analogies today since our Patriots got beat by the Giants last night. I also was going to apologize for getting you up so early in the morning, but if you had a room like I did with 7 screaming kids who were excited to see Mickey at 5:00 in the morning, you'll probably have been awake for a while also, but this is the way it goes. We do appreciate you sharing a little bit of your schedule with us today. We appreciate your interest. Chuck and I do appreciate not only your interest in, but your investment in our companies, because in a couple of months, there will only be one. We will all be one happy family. The NSTAR investors will become part of the NU family, and so we are both looking forward to that day. So today, our team is going to talk to you about where we are, the status of our merger proceedings. As I said, we're in the red zone, we're getting close. And also I mentioned to you how our companies are doing at this stage. You've all heard us say this before. Unfortunately, we said it a year ago, and we hope that -- I think a year ago, I predicted that the merger would be complete by now. So we're a little disappointed it's taken us so long, but we all are very excited about this, and we believe that…

Thank you, Tom. Now let me add my welcome and also a little bit of welcome from Lee and Chuck. I'm sure you can appreciate that. Job number one remain storm restoration. I know you appreciate that from Chuck's standpoint and from Lee's, they will commit to finishing the restoration effort until every customer remains on. We still have a number of communities and a number of customers who have not been restored as of this morning. And perhaps, I would sort of that add that also my household remains among one of those, but it'll be critically important that, that remains our focus over the coming hours and the coming days. But what I'd like to do is provide the information that you're accustomed to seeing here, both with Lee and Chuck. But I would tell you that echoing on some of Tom's comments, it's becoming increasingly outdated, if you will, to talk about the NU standalone story. We are on the eve of this merger, and there will be no NU standalone. There will be no NSTAR standalone. But what we have done here is to provide you the type of visibility into our capital and into our investment plan that you've become accustomed to. But we will stop short of talking about NU standalone. We will, at length, talk to you about what we think the prospects are for this company. And as Tom said, we are already looking at integrating these 2 companies operationally, strategically and thinking about how this management and leadership team come together in the future. Now that said, the capital plan that we have in front of you runs out through 2016. It's a sort of a 5-year view. The cornerstone of that plan remains, for the large part, our Transmission business.…

Thank you, David. Good morning. I'm thrilled to see the crowd here, it looks like standing room only. I appreciate you showing up, especially at such an early hour. As both Tom and David indicated, Chuck and Lee are taking care of priority number one, which is the final storm cleanup and restorations that are taking place. I thought David did a great job pinch-hitting for Chuck and David -- for Chuck and Lee on the slides that they normally cover. I'm going to really touch on 4 areas fairly briefly. The first is the third quarter results, year-to-date results for NSTAR. Second, I'm going to talk about Transmission projects that NSTAR has in progress. Third, most -- a lot of familiar faces here. Most of you are familiar with the NSTAR story, but I have 2 slides that will briefly give you the perspective that we have on the job that we've been doing for our investors and our customers. And finally, I'll wrap up with a few more insights on the merger proceeding in Massachusetts. Earnings for the third quarter with excluded merger-related costs, and there were actually 2 onetime items last year at NSTAR, we've excluded them. So an apples-to-apples comparison, we are $0.94 in the third quarter. That's $0.01 higher than we were last year, it's $0.01 higher than the Street's expectations. Despite the unfavorable weather in the third quarter, we actually had some very positive items that had an impact. Transmission revenues contributed $0.04 as we continue to invest in that aspect of our business. We are recovering loss-based revenue since we increased our spending on energy efficiency, we're entitled to recoup the revenues that are lost, spread them around the rest of the customer base. Those loss-based revenues actually contributed $0.03 to the quarter,…

We can take some questions now. I'll be summarizing the question for the folks who are on the webcast, because we don't have a microphone in the audience. Anybody out there?

[indiscernible]

The question has to do with the, I think, the NU sales figures for the quarter and are they sustainable?

I think Travis is just echoing some of our comments earlier in the year. We went into the year thinking that we would really reverse trends that we've seen over the last 3 to 4 years, which has really been demand destruction, just outright year-over-year decline. This year, the reverse trend was not to be so optimistic as to think that the economy was coming around that we didn't predict a double-dip recession either. And for the first 6 months of the year, maybe the first 7 months of the year, we were sort of seeing a little disappointment relative to that. We were seeing sort of declines, weather-normalized, across all classes of customers. And then, this inflection point that I discussed, we saw coming out of August and September, even in the throes of Tropical Storm Irene, some growth. And the growth was among all of our companies, all 3 customers -- companies and then also within each of the classes. And it's difficult to kind of peer into each of the sectors quarter-by-quarter or thereabouts, so when we look at this, what we'd say is we know there continues to be a drag on sales because of energy efficiency program. Those are good things, we'll do it, it's the right answer for customers, but it is having [ph] off more and more client [ph] organic sales. Also distributed generation. We know, too, that, that is moving the needle a little bit. I saw some statistics today that talks about, going forward, just sort of calls out [ph] 500,000 megawatt hours every year, particularly as customers are installing solar and the like. So what's driving that needle? When we looked at it, we saw that there was about -- neutralizing for that, there was about maybe 1% to 1.5%…

Any other questions? No? Okay. All right. Well, we want to thank you all for joining us. Both companies have open visitations over the balance of the conference, and then they will see a lot of you in one-on-ones. But thank you very much for joining us this morning.