Summary
This Form 8-K filing from American Electric Power Company, Inc. (AEP) on December 14, 2009, primarily serves as a Regulation FD disclosure. The company announced that its management would be meeting with investors between December 14th and December 17th, 2009. During these meetings, AEP intends to reaffirm its previously issued earnings guidance for both the 2009 and 2010 fiscal years. For 2009, AEP reiterated its ongoing earnings per share guidance of $2.90 to $3.05. For 2010, the company reaffirmed its ongoing earnings per share guidance of $2.80 to $3.20. Management highlighted that 'ongoing earnings' (GAAP earnings adjusted for certain items) are considered a more meaningful measure of performance and are used both internally and externally for reporting and performance assessment.
Key Highlights
- 1AEP will be conducting investor meetings from December 14-17, 2009.
- 2The company reaffirms its 2009 ongoing earnings per share guidance of $2.90 - $3.05.
- 3AEP reaffirms its 2010 ongoing earnings per share guidance of $2.80 - $3.20.
- 4Ongoing earnings are emphasized as the primary performance metric for investors.
- 5The filing includes standard forward-looking statements and risk factors associated with AEP's business operations.
- 6Guidance was previously communicated in 8-K filings dated October 29, 2009 (for 2009) and December 1, 2009 (for 2010).