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

The main purpose of this 8-K filing is to disclose a press release issued by AEP on April 19, 2007, which explains the company's use of non-GAAP financial measures, specifically 'ongoing earnings'.

What are 'ongoing earnings' and why does AEP use them?

Ongoing earnings are AEP's GAAP earnings adjusted for certain items. AEP's management believes these adjusted earnings provide a more meaningful representation of the company's performance and are used as the primary measure when communicating with analysts and investors.

How does AEP use 'ongoing earnings' internally?

Internally, AEP uses ongoing earnings to measure performance against budget and to report results to its board of directors.

Does this filing include specific financial results or guidance?

This filing primarily focuses on the methodology of reporting financial performance using non-GAAP measures ('ongoing earnings') rather than providing specific financial results or forward-looking guidance in the 8-K document itself. The details would be in the referenced press release (Exhibit 99.1).

AEP 8-K: Earnings & Results & Regulation FD

Summary

This Form 8-K filing by American Electric Power Company, Inc. (AEP) on April 19, 2007, primarily serves to disclose a press release concerning their use of non-GAAP financial measures. The company emphasizes its use of 'ongoing earnings,' which adjusts GAAP earnings for specific items, as a key metric for communicating financial performance to analysts and investors. Management believes this adjusted measure provides a more meaningful representation of the company's operational performance and is used internally for performance evaluation and reporting to the board of directors.

Key Highlights

1AEP is filing an 8-K to disclose a press release dated April 19, 2007.
2The press release discusses AEP's use of non-GAAP financial measures.
3AEP highlights 'ongoing earnings' as a key performance indicator.
4Ongoing earnings are defined as GAAP earnings adjusted for certain items.
5Management believes ongoing earnings offer a more meaningful view of company performance than standard GAAP earnings.
6AEP uses ongoing earnings for external communication with analysts and investors regarding earnings outlook and results.
7The company also utilizes ongoing earnings for internal performance tracking and reporting to its board.

AMERICAN ELECTRIC POWER CO INC 8-K Report, Financial Results (Apr 19, 2007)

Summary

Key Highlights

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