Q4 2003 TXU Corp. Earnings Conference Call - Final.

Original Source: FD (FAIR DISCLOSURE) WIRE

OPERATOR: Good morning. My name is Kristi, and I will your conference facilitator. At this time, I would like to welcome everyone to the TXU fourth-quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you would like to withdraw your question, press star, then the number two on your telephone keypad. Thank you, Mr. Hogan, you may begin your conference.

TIM HOGAN, DIRECTOR OF INVESTOR RELATIONS, TXU CORP.: Thank you, Kristi. Good morning. Thank you for joining us to discuss TXU's results for 2003. This call is open to the general public and media but designed for financial analysts. We'll open the call to questions following prepared remarks. Remarks will focus primarily on fourth-quarter and full-year 2003 results. As a plan to discuss 2004 expectations more thoroughly with you in New York next week.

The press release was issued the morning, if you do not already have a copy, financial statements available at www.txucorp.COM under investor resources. In the interest of keeping the call it one hour and allowing everyone questions, we would like your assistance in limiting questions to one plus a follow up. If we have extra time, we will open it up to further questions. The replay of today's conference call will be available on the web site approximately two hours after we finish. It will be available via telephone for one week. The number is 706-645-9291, with conference i.d. 495-3382.

We are also going to hold our regular quarterly analysts meeting in New York this coming Tuesday, February 17th, at the St. Regis Hotel. The meeting will begin promptly at 8:30 a.m. Eastern. If you plan to attend, please rsvp to Sherry Cox at 214-812-4901. This event will be webcasted live and made available for replay on our web site. We plan to file our form 10K on or about March 12th.

I'm sure you're all aware of the Safe Harbor statement and regulation G. During this call, we will make forward-looking statements which are subject to various risks and uncertainties. Discussion of factors that could cause actual results to differ materially from management projections, forecasts, estimates, and expectations are contained in the company's SEC filing. I encourage you to read them.

Our discussions on this call may include certain non-GAAP financial measures as defined under SEC rules. For such measures, a reconciliation will be provided to the most directly comparable GAAP measures on our web site at www.txucorp, under investor resources in the presentation slides for the call.