Summary
This 8-K filing by American Electric Power Company, Inc. (AEP) on May 5, 2009, primarily serves as a Regulation FD disclosure. The company announced its intention to reaffirm its previously issued earnings guidance for the 2009 fiscal year during upcoming investor meetings. AEP reiterated its ongoing earnings per share projection to be between $2.75 and $3.05. Management emphasized that 'ongoing earnings,' which adjust GAAP earnings for certain items, are the primary metric used internally and externally to assess performance and outlook. The filing also includes a comprehensive list of forward-looking statements and risk factors that could materially impact the company's actual results. These factors range from regulatory and legislative changes, fuel costs, generating capacity performance, and economic conditions to financial market volatility and unforeseen catastrophic events. Investors should note that AEP expressly disclaims any obligation to update this forward-looking information.
Key Highlights
- 1AEP will reaffirm its 2009 ongoing earnings per share guidance of $2.75 to $3.05 during investor meetings.
- 2The company defines 'ongoing earnings' as GAAP earnings adjusted for certain items, representing its primary performance metric.
- 3The filing serves as a Regulation FD disclosure, ensuring all investors receive the same information simultaneously.
- 4A comprehensive list of risk factors that could affect future financial performance is provided.
- 5Key risk factors include regulatory and legislative changes, fuel costs, weather, and economic conditions.
- 6AEP explicitly states it has no obligation to update forward-looking statements made in the report.