8-KRegulation FD

AMERICAN ELECTRIC POWER CO INC 8-K Report, Regulation FD Disclosure (Dec 14, 2009)

Filed December 14, 2009For Securities:AEP

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).

Frequently Asked Questions

The main purpose of this 8-K filing is to provide Regulation FD disclosure, informing investors that AEP management will be meeting with them and reiterating previously issued earnings guidance.

AEP reaffirms its ongoing earnings per share guidance for 2009 to be between $2.90 and $3.05, and for 2010 to be between $2.80 and $3.20.

AEP management believes that ongoing earnings, which are GAAP earnings adjusted for certain items, provide a more meaningful representation of the company's performance. It is used as the primary performance measurement when communicating with analysts and investors and for internal performance tracking.

The filing includes a section detailing various forward-looking statements and potential risk factors that could cause actual results to differ materially from projections. These factors cover a broad range of operational, regulatory, economic, and market-related issues.