Summary
American Electric Power Company, Inc. (AEP) filed this Form 8-K on November 29, 2005, to announce investor meetings scheduled from November 29 to December 1, 2005. The primary purpose of this filing is to reaffirm the company's previously issued earnings guidance. For the fiscal year 2005, AEP reiterated its guidance for ongoing earnings per share to be in the range of $2.55 to $2.65. For fiscal year 2006, the company reaffirmed its guidance of $2.50 to $2.70 per share. AEP emphasized its use of "ongoing earnings" (GAAP earnings adjusted for certain items) as its preferred metric for assessing performance and communicating with stakeholders. Management believes this adjusted measure provides a more meaningful representation of the company's operational performance. The filing also includes a standard disclaimer outlining various forward-looking statements and the potential risks and uncertainties that could materially affect the company's actual results.
Key Highlights
- 1AEP is conducting investor meetings from November 29 to December 1, 2005.
- 2The company reaffirmed its 2005 full-year ongoing earnings per share guidance of $2.55 to $2.65.
- 3AEP reaffirmed its 2006 full-year ongoing earnings per share guidance of $2.50 to $2.70.
- 4The company utilizes 'ongoing earnings' (adjusted GAAP) as its primary performance metric for investor communications.
- 5Presentation materials for the investor meetings are available on AEP's website.
- 6The filing contains forward-looking statements subject to various risk factors.