Good day, ladies and gentlemen, and welcome to the third quarter 2016 OGE Energy Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded. I'd like to introduce your host for today's conference, Todd Tidwell. Sir, you may begin.

Thank you, operator. Good morning, everyone, and welcome to OGE Energy Corp's third quarter 2016 earnings call. I'm Todd Tidwell, Director of Investor Relations and with me today I have Sean Trauschke, Chairman, President, and CEO of OGE; and Steve Merrill, CFO of OGE. In terms of the call today, we will first hear from Sean followed by an explanation from Steve of third quarter results and finally as always, we will answer your questions. I would like to remind you that this conference is being webcast and you may follow along on our Web site at oge.com. In addition, the conference call and accompanying slides will be archived following the call on that same Web site. Before we begin the presentation, I would like to direct your attention to the Safe Harbor statement regarding forward-looking statements. This is an SEC requirement for financial statements and simply states that we cannot guarantee forward-looking financial results but this is our best estimate today. I would also like to remind you that there is a Regulation G reconciliation for gross margin in the appendix along with projected capital expenditures and our rate case timing schedule. I will now turn this call over to Sean for his opening comments. Sean?

Thank you, Todd. Good morning, everyone. Thank you for joining us on today's call. As a company, OGE is doing quite well, had another solid quarter. This morning we reported third quarter consolidated earnings of $0.92 per share. Third quarter is critical to the company from an earnings perspective as it accounts for 55% of the utility earnings. Our utility OG&E contributed $0.80 per share and our ownership interest in Enable contributed another $0.11 per share. I will discuss Enable in further detail in a moment, but we have been pleased with their performance. As I stated on previous calls, we continue to push forward with the environmental projects in the Mustang modernization plan. With regards to our environmental compliance project, although one low NOx burner has been installed, the ACI systems are all in service and all of these have been on time and under budget. At Mustang, all of the site preparation work is complete. Substation transmission [tying] [ph] work is in process and these are all major projects for the company and I am pleased with the focus to complete these projects on time, under budget and in a safe manner. The utility had a solid quarter with many accomplishments. Members did a great job of operating the systems throughout our peak season. Our natural gas units once again achieved remarkably high capacity and availability factors during summer. The entire team continues to produce higher levels of [employment] [ph]. I am happy to report that for the third quarter in a row, we are in the top quartile for our safety performance and are on track to have the best safety record in our company's history. This has been a very focused effort based on the notion that every accident is preventable. Getting things done is one…

Thanks, Sean, and good morning, everyone. For the third quarter we reported net income of $184 million, or $0.92 per share as compared to net income of $111 million or $0.55 per share in 2015. The contribution by business unit on a comparative basis is listed on the Slide. I would like to point out that last year's results were impacted by a $0.35 write-down of goodwill at Enable. Excluding the impact of these charges, the third quarter 2015 consolidated earnings would have been $0.90 per share. At OG&E, net income for the quarter was $160 million or $0.80 per share as compared to net income of $163 million or $0.82 per share in 2015. The third quarter gross margins in utility increased approximately $14 million, which I will discuss on the next Slide. O&M increased approximately $8 million due in part to acceleration of vegetation management year-to-date as well as riders with revenue offset. I do want to reiterate that O&M is on plan for the year. Depreciation increased $5 million, primarily due to additional assets being placed into service. Income tax expense also increased approximately $6 million, primarily due to higher pre-tax net income. Turning to the third quarter gross margin, utility margins increased approximately $14 million for the third quarter of 2016 compared to 2015. The primary drivers for gross margin were as follow. Weather contributed $6 million of margin as cooling degree days increased 6% compared to the third quarter of 2015. However, compared to normal weather decreased gross margin approximately $5 million for the quarter. New customer growth contributed approximately $1 million. We added 10,600 new customers to the system as compared to the third quarter of 2015, supported by the residential and commercial sectors. This was growth of 1.3%, slightly ahead of our historic…

[Operator Instructions] I am not showing any questions or comments at this time.

Okay.

[Operator Instructions] I would now like to turn the conference over to Mr. Sean Trauschke for closing remarks.

Well, thank you. So in closing, thank you for your time this morning. I appreciate your interest and support of the company and I look forward to seeing you next week at EEI. Take care and have a great day.

Ladies and gentlemen, thank you for participating in today's conference. This does conclude the program and you may all disconnect. Everyone have a great day.