Summary
American Electric Power Company, Inc. (AEP) filed this Form 8-K on August 24, 2010, to announce that its management would be reaffirming its previously issued 2010 fiscal year earnings guidance of $2.80 to $3.20 per share during investor meetings scheduled between August 24 and August 31, 2010. This guidance pertains to AEP's 'ongoing earnings,' which are defined as GAAP earnings adjusted for certain items, and represents the company's primary metric for communicating its performance and outlook to investors and analysts. The filing also serves as a reminder of AEP's business and the inherent risks and uncertainties that could impact its financial results. These include factors such as electric load growth, weather, fuel costs, regulatory decisions, environmental regulations, litigation, economic conditions, and capital market fluctuations. Investors should note that the company explicitly disclaims any obligation to update this forward-looking information.
Key Highlights
- 1AEP reaffirms 2010 fiscal year ongoing earnings guidance of $2.80 to $3.20 per share.
- 2Guidance to be communicated during investor meetings from August 24 to August 31, 2010.
- 3'Ongoing earnings' (adjusted GAAP earnings) are the company's primary performance metric for investors.
- 4The filing includes a comprehensive list of risk factors that could affect future results.
- 5Key risk factors include regulatory and environmental matters, fuel costs, economic conditions, and capital markets.