COLUMBUS, Ohio, Sept. 16, 2011 /PRNewswire/ -- American Electric
Power (NYSE: AEP) has scheduled a live audio webcast of a
presentation by Brian X. Tierney,
executive vice president and chief financial officer, at the
INVESTOhio Equity Conference in Columbus on Sept.
22.
The presentation, to an audience of investors, will begin at
8:40 a.m. EDT and can be accessed
through the Internet at http://www.aep.com/go/webcasts/. The
webcast also will be available after the live event.
During the conference, AEP will reaffirm its 2011 ongoing
earnings guidance of $3.00 to $3.20
per share.
American Electric Power is one of the largest electric utilities
in the United States, delivering
electricity to more than 5 million customers in 11 states. AEP
ranks among the nation's largest generators of electricity, owning
nearly 38,000 megawatts of generating capacity in the U.S. AEP also
owns the nation's largest electricity transmission system, a nearly
39,000-mile network that includes more 765-kilovolt extra-high
voltage transmission lines than all other U.S. transmission systems
combined. AEP's transmission system directly or indirectly serves
about 10 percent of the electricity demand in the Eastern
Interconnection, the interconnected transmission system that covers
38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the
electricity demand in ERCOT, the transmission system that covers
much of Texas. AEP's utility units
operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West
Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky
Power, Public Service Company of Oklahoma, and Southwestern Electric Power
Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio.
This report made by American Electric Power and its Registrant
Subsidiaries contains forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934. Although AEP
and each of its Registrant Subsidiaries believe that their
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:
the economic climate and growth in, or contraction within, AEP's
service territory and changes in market demand and demographic
patterns; inflationary or deflationary interest rate trends;
volatility in the financial markets, particularly developments
affecting the availability of capital on reasonable terms and
developments impairing AEP's ability to finance new capital
projects and refinance existing debt at attractive rates; the
availability and cost of funds to finance working capital and
capital needs, particularly during periods when the time lag
between incurring costs and recovery is long and the costs are
material; electric load and customer growth; weather conditions,
including storms, and AEP's ability to recover significant storm
restoration costs through applicable rate mechanisms; available
sources and costs of, and transportation for, fuels and the
creditworthiness and performance of fuel suppliers and
transporters; availability of necessary generating capacity and the
performance of AEP's generating plants; AEP's ability to recover
Indiana Michigan Power's Donald C. Cook Nuclear Plant Unit 1
restoration costs through warranty, insurance and the regulatory
process; AEP's ability to recover regulatory assets and stranded
costs in connection with deregulation; AEP's ability to recover
increases in fuel and other energy costs through regulated or
competitive electric rates; AEP's ability to build or acquire
generating capacity, including the Turk Plant, and transmission
line facilities (including the ability to obtain any necessary
regulatory approvals and permits) when needed at acceptable prices
and terms and to recover those costs (including the costs of
projects that are cancelled) through applicable rate cases or
competitive rates; new legislation, litigation and government
regulation, including requirements for reduced emissions of sulfur,
nitrogen, mercury, carbon, soot or particulate matter and other
substances or additional regulation of flyash and similar
combustion products that could impact the continued operation and
cost recovery of AEP's plants; timing and resolution of pending and
future rate cases, negotiations and other regulatory decisions
(including rate or other recovery of new investments in generation,
distribution and transmission service and environmental
compliance); resolution of litigation (including AEP's dispute with
Bank of America); AEP's ability to constrain operation and
maintenance costs; AEP's 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
of the counterparties with whom AEP has contractual arrangements,
including participants in the energy trading market; actions of
rating agencies, including changes in the ratings of debt;
volatility and changes in markets for electricity, natural gas,
coal, nuclear fuel and other energy-related commodities; changes in
utility regulation, including the implementation of electric
security plans and related regulation in Ohio and the allocation of costs within
regional transmission organizations, including PJM and SPP;
accounting pronouncements periodically issued by accounting
standard-setting bodies; the impact of volatility in the capital
markets on the value of the investments held by AEP's pension,
other postretirement benefit plans and nuclear decommissioning
trust and the impact on future funding requirements; prices and
demand 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.
SOURCE American Electric Power