8-KRegulation FD

AMERICAN ELECTRIC POWER CO INC 8-K Report, Regulation FD Disclosure (Mar 2, 2007)

Filed March 2, 2007For Securities:AEP

Summary

American Electric Power Company, Inc. (AEP) filed an 8-K on March 2, 2007, to disclose that its representatives would be conducting investor meetings from March 5-8, 2007. The primary purpose of this filing was to reiterate AEP's previously issued earnings guidance for the 2007 fiscal year. The company confirmed its ongoing earnings per share forecast of $2.85 to $3.05.

Key Highlights

  • 1AEP scheduled investor meetings for March 5-8, 2007.
  • 2The company reaffirmed its 2007 fiscal year ongoing earnings per share guidance of $2.85 to $3.05.
  • 3This guidance was previously communicated in an 8-K filed on January 30, 2007.
  • 4AEP emphasizes the use of 'ongoing earnings' (GAAP earnings adjusted for certain items) as a key performance metric for investors and analysts.
  • 5The filing includes a standard cautionary note regarding forward-looking statements and the factors that could cause actual results to differ materially.
  • 6Presentation materials for the investor meetings were made available on AEP's website.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially notify investors and the market that AEP management will be meeting with investors and to reaffirm the company's previously issued earnings guidance for the 2007 fiscal year.

AEP reaffirmed its ongoing earnings per share guidance for the 2007 fiscal year to be in the range of $2.85 to $3.05.

AEP defines 'ongoing earnings' as GAAP earnings adjusted for certain items. The company believes this metric provides a more meaningful representation of its performance and uses it as its primary performance measurement when communicating with analysts and investors.

The filing lists numerous potential risk factors, including electric load and customer growth, weather conditions, fuel costs and availability, generating capacity performance, regulatory recovery of costs, new legislation and litigation (such as Clean Air Act enforcement actions), operational costs, asset sales, economic climate in its service territory, financial market conditions, and changes in utility regulation.