8-KRegulation FD

AMERICAN ELECTRIC POWER CO INC 8-K Report, Regulation FD Disclosure (Jun 11, 2007)

Filed June 11, 2007For Securities:AEP

Summary

This Form 8-K filing by American Electric Power Company, Inc. (AEP) on June 11, 2007, primarily serves as a notification of upcoming investor meetings scheduled between June 11 and June 14, 2007. During these meetings, AEP management will reaffirm its previously issued earnings guidance for the 2007 fiscal year, projecting ongoing earnings per share to be in the range of $2.85 to $3.05. The company emphasizes its use of "ongoing earnings," which are GAAP earnings adjusted for certain items, as a key performance metric for communicating with investors and analysts. This approach is used both internally for performance measurement and externally for guidance. The filing also includes a standard cautionary statement about forward-looking statements, outlining various factors that could cause actual results to differ materially from projections, covering regulatory, operational, market, and economic influences.

Key Highlights

  • 1AEP reaffirmed its 2007 fiscal year ongoing earnings per share guidance of $2.85 to $3.05.
  • 2The guidance was previously issued on April 26, 2007, in connection with the company's first-quarter earnings release.
  • 3Management will communicate this reaffirmation during investor meetings held from June 11 to June 14, 2007.
  • 4AEP utilizes 'ongoing earnings' (GAAP earnings adjusted for certain items) as its primary performance measurement for investor communications.
  • 5The filing includes a comprehensive list of risk factors that could impact future financial results, as is customary for forward-looking statements.
  • 6Presentation materials for the investor meetings were made available on AEP's website.

Frequently Asked Questions

The main purpose of this filing is to inform investors and the public that AEP management will be meeting with investors and will reaffirm the company's previously issued earnings guidance for the 2007 fiscal year during those meetings.

AEP reaffirmed its ongoing earnings per share guidance for the 2007 fiscal year to be between $2.85 and $3.05.

'Ongoing earnings' are defined by AEP as GAAP earnings that have been adjusted for certain items. The company considers this metric a more meaningful representation of its performance and uses it as its primary measure when discussing earnings outlook and results with analysts and investors.

The filing lists a wide range of potential factors, including electric load and customer growth, weather conditions, fuel costs and availability, generating capacity performance, regulatory decisions (including deregulation, rate cases, and environmental compliance), litigation outcomes, operational costs, economic conditions in its service territory, financial market volatility, and changes in commodity prices.