Half Year 2020 Centrica PLC Earnings Call Transcript

Jul 24, 2020 / 08:00AM GMT
Chris OâShea - Centrica plc - Group Chief Executive & Director

Good morning, everybody. It's Chris O'Shea from Centrica here. I'm joined by Johnathan Ford, our new CFO, who's been with us 6 weeks; and by Scott Wheway, our Chairman. So hopefully, you've had a chance to see our results, to see the announcement about our disposal of Direct Energy and also to watch our presentation. And with that, very happy to move into -- take any questions that you've got.

Questions and Answers:

Operator

(Operator Instructions) And the first question is from Mark Freshney of Crédit Suisse.

Mark Freshney - Crédit Suisse AG - Research Division - Research Analyst

On the pension deficit, your sale circular or sale document -- towards the back, it talks about some restrictions and agreements that you've entered with the pension fund trustees on regarding deficit or potential deficit repairs. Can you talk through the issues surrounding that and whether you're potentially only on the hook for the
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