What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to disclose that AEP representatives would be conducting investor meetings and to reaffirm the company's previously issued earnings guidance for the 2006 fiscal year, in compliance with Regulation FD.

What is 'ongoing earnings' and why does AEP use it?

Ongoing earnings are AEP's GAAP earnings adjusted for certain items. The company uses this metric because management believes it provides a more meaningful representation of AEP's performance and is the primary measurement used when communicating its earnings outlook and results to analysts and investors, as well as for internal performance tracking.

What was AEP's reaffirmed earnings guidance for 2006?

AEP reaffirmed its prior guidance of ongoing earnings per share for the 2006 fiscal year to be in the range of $2.50 to $2.70.

What are some of the factors that could cause AEP's actual results to differ from its forward-looking statements?

The filing lists numerous factors, including electric load and customer growth, weather conditions, fuel costs and availability, generating capacity performance, regulatory decisions, litigation (such as Clean Air Act enforcement actions), operational cost control, economic climate, changes in financial markets, and commodity price volatility.

AEP 8-K: Regulation FD — Jun 28, 2006

Summary

American Electric Power Company, Inc. (AEP) filed an 8-K on June 28, 2006, to disclose its participation in investor meetings scheduled for June 28-29, 2006. During these meetings, AEP reaffirmed its prior guidance for ongoing earnings per share (EPS) of $2.50 to $2.70 for the fiscal year 2006, a figure previously communicated in its first quarter earnings release. The company emphasized its use of "ongoing earnings," which adjusts GAAP earnings for certain items, as a key performance metric for investor communications and internal performance assessment. This reaffirmation provides investors with continued visibility into the company's expected financial performance for the year, as management believes ongoing earnings offer a more meaningful representation of AEP's operational results.

Key Highlights

1AEP reaffirmed its 2006 fiscal year ongoing earnings per share guidance of $2.50 to $2.70.
2The reaffirmation occurred during investor meetings held on June 28-29, 2006.
3The company utilizes 'ongoing earnings' (adjusted GAAP earnings) as its primary performance metric for investors and internal reporting.
4The guidance was previously stated in AEP's Form 8-K filed on April 27, 2006, with its first-quarter earnings release.
5The filing serves as a Regulation FD disclosure, ensuring broad dissemination of material information.
6The report includes forward-looking statements, highlighting potential risks and uncertainties that could affect actual results.

AMERICAN ELECTRIC POWER CO INC 8-K Report, Regulation FD Disclosure (Jun 28, 2006)

Summary

Key Highlights

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