Summary
American Electric Power Company, Inc. (AEP) filed this 8-K on February 28, 2011, to inform investors about upcoming meetings with the company's management scheduled between February 28, 2011, and March 10, 2011. The primary purpose of this filing is to reaffirm the company's previously issued guidance for ongoing earnings per share for the 2011 fiscal year, which remains in the range of $3.00 to $3.20. Management highlighted that 'ongoing earnings' (GAAP earnings adjusted for certain items) are considered the most meaningful metric for representing the company's performance and are used internally and externally for performance measurement and outlook communication. While reaffirming guidance, the report also includes a standard disclaimer with numerous forward-looking statements and potential risks that could impact actual results, covering a broad range of factors from economic conditions and weather to regulatory changes and financial market volatility.
Key Highlights
- 1AEP will be conducting investor meetings from February 28, 2011, to March 10, 2011.
- 2The company is reaffirming its prior guidance for 2011 ongoing earnings per share (EPS) of $3.00 to $3.20.
- 3AEP emphasizes the use of 'ongoing earnings' as its primary performance measurement for investors and internal reporting.
- 4'Ongoing earnings' are defined as GAAP earnings adjusted for specific items to provide a more meaningful representation of performance.
- 5The filing includes a comprehensive list of forward-looking statements and potential risk factors that could affect future results.
- 6Key risk areas mentioned include electric load growth, weather, fuel costs, regulatory decisions, environmental regulations, and financial market conditions.