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.