Summary
American Electric Power Company, Inc. (AEP) filed an 8-K on November 28, 2007, to disclose information regarding upcoming investor meetings scheduled between November 28, 2007, and December 4, 2007. During these meetings, AEP reaffirmed its previously issued guidance for ongoing earnings per share (EPS) of $2.90 to $3.00 for the 2007 fiscal year. This guidance was initially provided in an October 24, 2007, 8-K filing related to the company's third-quarter earnings. The company emphasizes that it uses "ongoing earnings," which are GAAP earnings adjusted for certain items, as its primary performance metric for communicating with investors and analysts.
Key Highlights
- 1AEP is conducting investor meetings from November 28, 2007, to December 4, 2007.
- 2The company reaffirmed its full-year 2007 ongoing earnings per share guidance of $2.90 to $3.00.
- 3This guidance was initially provided in an 8-K filing on October 24, 2007.
- 4AEP uses 'ongoing earnings' (adjusted GAAP earnings) as its primary performance measure for investor communications.
- 5The filing includes a comprehensive list of risk factors that could impact future results.
- 6Forward-looking statements are qualified by these risk factors, including but not limited to weather, fuel costs, regulatory decisions, and economic conditions.
Frequently Asked Questions
The primary purpose of this 8-K filing is to inform investors that AEP representatives will be holding meetings with them and to reaffirm the company's previously issued earnings guidance for the 2007 fiscal year.
AEP reaffirmed its prior guidance for ongoing earnings per share to be in the range of $2.90 to $3.00 for the full fiscal year 2007. This guidance has not changed.
AEP defines 'ongoing earnings' as GAAP earnings that have been adjusted for certain items. The company considers this metric to be a more meaningful representation of its performance and uses it as its primary measure when communicating with analysts and investors about its earnings outlook and results.
The filing lists numerous risk factors, including but not limited to: electric load and customer growth, weather conditions, fuel costs and availability, generating capacity performance, regulatory decisions and rate recovery, new legislation, litigation, operational costs, economic climate in service territories, financial market conditions, and changes in utility regulation.