8-KRegulation FD

AMERICAN ELECTRIC POWER CO INC 8-K Report, Regulation FD Disclosure (Jun 5, 2008)

Filed June 5, 2008For Securities:AEP

Summary

This Form 8-K filing from American Electric Power Company, Inc. (AEP) on June 5, 2008, primarily serves as a notification regarding upcoming investor meetings. During these meetings, AEP plans to reaffirm its previously issued guidance for ongoing earnings per share (EPS) for the 2008 fiscal year, maintaining the range of $3.10 to $3.30. Management emphasizes that "ongoing earnings," which are GAAP earnings adjusted for certain items, are considered a more meaningful metric for assessing the company's performance and are used internally and externally for outlook and results communication. The filing also includes a standard cautionary note about forward-looking statements. AEP acknowledges that actual results could differ materially from projections due to a wide array of factors. These include regulatory decisions, fuel costs and availability, generating capacity performance, weather conditions, economic climate in its service territory, legislative changes, and financial market volatility, among others. Investors should consider these potential risks when evaluating the company's future prospects.

Key Highlights

  • 1AEP reaffirms 2008 fiscal year ongoing earnings per share guidance of $3.10 to $3.30.
  • 2The reaffirmation of guidance is being communicated during investor meetings held on June 5, 2008.
  • 3AEP emphasizes 'ongoing earnings' (adjusted GAAP earnings) as its primary performance metric for communicating outlook and results.
  • 4Management uses ongoing earnings internally for performance measurement against budget and reporting to the board.
  • 5The report includes a standard disclaimer regarding forward-looking statements and potential influencing factors.
  • 6Potential risks mentioned include fuel costs, generating capacity, regulatory decisions, weather, and economic conditions.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors that AEP management will be meeting with investors on June 5, 2008, and will reaffirm the company's previously issued earnings guidance for the 2008 fiscal year.

AEP is reaffirming its prior guidance for ongoing earnings per share (EPS) for the 2008 fiscal year to be in the range of $3.10 to $3.30.

AEP's 'ongoing earnings' are defined as GAAP earnings adjusted for certain items. Management believes this metric provides a more meaningful representation of the company's performance and uses it as the primary measure when communicating its earnings outlook and results to analysts and investors.

AEP identifies numerous factors that could materially impact its future results. These include, but are not limited to, electric load and customer growth, weather conditions, fuel costs and availability, generating capacity performance, regulatory decisions (including rate cases and environmental compliance), new legislation, litigation, economic conditions in its service territory, financial market volatility, and changes in commodity prices.