10-QPeriod: Q1 FY2004

AMERICAN ELECTRIC POWER CO INC Quarterly Report for Q1 Ended Mar 31, 2004

Filed May 7, 2004For Securities:AEP

Summary

This 10-Q filing for AMERICAN ELECTRIC POWER CO INC (AEP) as of March 30, 2004, provides a comprehensive overview of the company's financial performance and risk management activities across its various subsidiaries. The report details financial statements, management's discussion and analysis, and quantitative disclosures about risk management for AEP and its major operating units, including AEP Texas Central Company, Appalachian Power Company, and Ohio Power Company, among others. Investors can gain insights into the operational health and potential risks facing these entities. The filing also addresses important governance aspects, including controls and procedures, legal proceedings, and changes in securities. The inclusion of numerous exhibits, such as certifications of disclosure controls and procedures, suggests a focus on regulatory compliance and accurate financial reporting during this period. Investors should review the detailed financial statements and management's analysis to understand the drivers of performance and the company's strategic positioning.

Key Highlights

  • 1The filing includes detailed financial statements and Management's Discussion and Analysis (MD&A) for American Electric Power Company, Inc. and its numerous subsidiary operating companies.
  • 2Key subsidiaries with their own financial discussions include AEP Texas Central Company, Appalachian Power Company, Columbus Southern Power Company, Indiana Michigan Power Company, Kentucky Power Company, Ohio Power Company, Public Service Company of Oklahoma, and Southwestern Electric Power Company.
  • 3Quantitative and Qualitative Disclosures About Risk Management Activities are presented for most of the major subsidiaries, offering insights into how AEP manages financial and operational risks.
  • 4The report covers Item 4: Controls and Procedures, indicating a review of the company's internal controls over financial reporting.
  • 5Part II addresses Other Information, including Legal Proceedings and Changes in Securities, Use of Proceeds, and Issuer Purchases of Equity Securities.
  • 6Significant exhibits are provided, including certifications from principal officers regarding disclosure controls and procedures (Exhibits 31.1 and 31.2) and compliance with exchange act rules (Exhibits 32.1 and 32.2).
  • 7The filing covers the quarterly period ending March 30, 2004, and was filed on May 6, 2004.

Frequently Asked Questions

The primary purpose of this 10-Q filing is to provide investors and stakeholders with a comprehensive update on American Electric Power Company, Inc. (AEP) and its subsidiaries' financial performance, operational status, and risk management activities for the quarterly period ending March 30, 2004. It includes detailed financial statements, management's analysis of results, and information on legal proceedings and corporate controls.

The report includes financial information and discussions for a wide range of AEP's key subsidiaries, such as AEP Generating Company, AEP Texas Central Company, AEP Texas North Company, Appalachian Power Company, Columbus Southern Power Company, Indiana Michigan Power Company, Kentucky Power Company, Ohio Power Company, Public Service Company of Oklahoma, and Southwestern Electric Power Company.

The filing includes 'Quantitative and Qualitative Disclosures About Risk Management Activities' for many of AEP's subsidiaries. This section typically details the company's exposure to market risks (like interest rate and commodity price fluctuations) and how it uses financial instruments and other strategies to manage these exposures.

Yes, the report includes information on Controls and Procedures (Item 4) and certifications from AEP's principal officers regarding the effectiveness of disclosure controls and procedures and compliance with certain SEC rules (Exhibits 31.1, 31.2, 32.1, 32.2). This demonstrates a focus on internal controls and regulatory compliance.