8-KRegulation FD

AMERICAN ELECTRIC POWER CO INC 8-K Report, Regulation FD Disclosure (Jul 15, 2008)

Filed July 15, 2008For Securities:AEP

Summary

This 8-K filing from American Electric Power Company, Inc. (AEP), dated July 15, 2008, primarily serves as a Regulation FD disclosure. The company announced that its management will be reaffirming its previously issued earnings per share guidance of $3.10 to $3.30 for the full 2008 fiscal year during upcoming investor meetings. This guidance was initially provided on April 24, 2008, in conjunction with the company's first-quarter earnings release. Management emphasizes that "ongoing earnings," which are GAAP earnings adjusted for specific items, provide a more meaningful representation of AEP's performance and are used internally and externally for performance measurement and outlook communication. The filing also includes a cautionary statement with forward-looking statements, highlighting various factors that could materially impact actual results, including regulatory decisions, fuel costs, operational performance, and general economic conditions.

Key Highlights

  • 1AEP reaffirms its 2008 full-year ongoing earnings per share guidance of $3.10 to $3.30.
  • 2The reaffirmation will occur during investor meetings scheduled from July 15-21, 2008.
  • 3The company utilizes "ongoing earnings" (adjusted GAAP earnings) as its primary performance metric for investor communication.
  • 4This filing is a Regulation FD disclosure, ensuring consistent information dissemination to investors.
  • 5The report includes standard forward-looking statements and lists numerous risk factors that could affect future performance.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose that American Electric Power Company, Inc. (AEP) will be reaffirming its previously issued financial guidance for the 2008 fiscal year to investors during upcoming meetings. It also serves as a standard cautionary note regarding forward-looking statements.

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

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

AEP lists a broad range of potential risk factors, including but not limited to: electric load and customer growth, weather conditions, fuel costs and availability, generating capacity performance, regulatory decisions (including recovery of costs, rate cases, and environmental compliance), new legislation, litigation, economic climate in its service territory, financial market conditions, and changes in energy commodity prices.