aep8k050708.htm
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
|
Date
of report (Date of earliest event reported)
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May
7, 2008
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AMERICAN
ELECTRIC POWER COMPANY, INC.
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(Exact
Name of Registrant as Specified in Its Charter)
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1-3525
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New
York
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13-4922640
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(Commission
File Number)
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(State
or Other Jurisdiction of Incorporation)
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(IRS
Employer Identification No.)
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1
Riverside Plaza, Columbus, OH
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43215
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction
A.2. below):
[
] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
[
]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
7.01 Regulation FD
Disclosure
Representatives
of American Electric Power Company, Inc. (the “Company”) will be conducting
meetings with investors on May 7, 2008. The Company is giving notice
of the fact that during the course of those meetings, the Company will reaffirm
its prior guidance of on-going earnings of $3.10 to $3.30 per share for the 2008
fiscal year, as most recently stated in a Form 8-K the Company filed with the
Securities and Exchange Commission on April 24, 2008 in connection with its
first quarter earnings press release.
AEP’s
management believes that the Company’s ongoing earnings, or GAAP earnings
adjusted for certain items as described in the press release, provide a more
meaningful representation of the Company’s performance. AEP uses
ongoing earnings as the primary performance measurement when communicating with
analysts and investors regarding its earnings outlook and
results. The Company also uses ongoing earnings data internally to
measure performance against budget and to report to AEP’s board of
directors.
This
report made by AEP contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934. Although AEP
believes that its expectations are based on reasonable assumptions, any such
statements may be influenced by factors that could cause actual outcomes and
results to be materially different from those projected. Among the
factors that could cause actual results to differ materially from those in the
forward-looking statements are:
Electric
load and customer growth; weather conditions, including storms; available
sources and costs of, and transportation for, fuels and the creditworthiness of
fuel suppliers and transporters; availability of generating capacity and the
performance of AEP’s generating plants; the ability to recover regulatory assets
and stranded costs in connection with deregulation; the ability to recover
increases in fuel and other energy costs through regulated or competitive
electric rates; the ability to build or acquire generating capacity when needed
at acceptable prices and terms and to recover those costs through applicable
rate cases; new legislation, litigation and government regulation including
requirements for reduced emissions of sulfur, nitrogen, mercury, carbon and
other substances; timing and resolution of pending and future rate cases,
negotiations and other regulatory decisions (including rate or other recovery
for new investments, transmission service and environmental compliance);
resolution of litigation (including pending Clean Air Act enforcement actions
and disputes arising from the bankruptcy of Enron Corp.); AEP’s ability to
constrain its operation and maintenance costs; AEP’s ability to sell assets at
acceptable prices and on other acceptable terms, including rights to share in
earnings derived from the assets subsequent to their sale; the economic climate
and growth in its service territory and changes in market demand and demographic
patterns; inflationary trends; its ability to develop and execute a strategy
based on a view regarding prices of electricity, natural gas and other
energy-related commodities; changes in the creditworthiness and number of
participants in the energy trading market; changes in the financial markets,
particularly those affecting the availability of capital and AEP’s ability to
refinance existing debt at attractive rates; actions of rating agencies,
including changes in the ratings of debt; volatility and changes in markets for
electricity, natural gas and other energy-related commodities; changes in
utility regulation,
including membership and integration into regional transmission structures;
accounting pronouncements periodically issued by accounting standard-setting
bodies; the performance of AEP’s pension and other postretirement benefit plans;
prices for power that AEP generates and sells at wholesale; changes in
technology, particularly with respect to new, developing or alternative sources
of generation and other risks and unforeseen events, including wars, the effects
of terrorism (including increased security costs), embargoes and other
catastrophic events.
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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AMERICAN
ELECTRIC POWER COMPANY, INC.
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By:
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/s/ Thomas G. Berkemeyer
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Name:
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Thomas
G. Berkemeyer
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Title
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Assistant
Secretary
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May 7,
2008