8-K 1 aep8k.txt 1ST QTR EARNINGS 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: April 24, 2001 (Date of earliest event reported) Commission Registrant; State of Incorporation; I.R.S. Employer File Number Address; and Telephone Number Identification No. 1-3525 AMERICAN ELECTRIC POWER COMPANY, INC. 13-4922640 (A New York Corporation) 1 Riverside Plaza Columbus, Ohio 43215 Telephone (614) 223-1000 Item 7. Financial Statements and Exhibits. (a) Not Applicable. (b) Not Applicable. (c) Exhibits. The following exhibit is filed herewith in accordance with Item 601 of Regulation S-K: Exhibit No. Description 99 Comparative Unaudited Consolidated Income Statements of American Electric Power Company, Inc. for the periods ended March 31, 2001 and 2000. 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. AMERICAN ELECTRIC POWER COMPANY, INC. Registrant /s/ A. A. Pena Treasurer of the Registrant April 24, 2001 EXHIBIT INDEX Exhibit No. Description 99 Comparative Unaudited Consolidated Income Statements of American Electric Power Company, Inc. for the periods ended March 31, 2001 and 2000. EXHIBIT 99 The comparative unaudited consolidated income statements of American Electric Power Company, Inc. for the periods ended March 31, 2001 and 2000 are shown below: American Electric Power Summary of Financial Results in millions, except per share amounts (Data based on preliminary, unaudited results) 3 Months Ended 3/31 2001 2000 Total Revenues $13,542 $6,117 ------- ------ Expenses: Fuel and Purchased Power 11,406 4,347 Maintenance and Other 958 851 Operation Depreciation and Amortization 336 320 Taxes Other Than Income Taxes 168 171 ---- --- Total Expenses 12,868 5,689 ------- ----- Operating Income 674 428 Other Income, net 31 42 --- -- Income Before Interest, Preferred Dividends and Income Taxes 705 470 Interest and Preferred Dividends 269 253 ---- --- Income Before Income Taxes 436 217 Income Taxes 170 77 ---- -- Net Income $ 266 $ 140 ====== ===== Average Shares Outstanding 322 322 Earnings per Share $ 0.83 $ 0.43 ======= ====== American Electric Power Company, Inc. has reclassified certain settled forward energy transactions of its trading operation from a net to a gross basis of presentation. The reclassification is intended to reflect the scope and nature of the company's energy sales and purchases. As a result, the following amounts were reclassified from revenues to purchased power expense: $9.6 billion for the three months ended March 31, 2001 and $3.1 billion for the three months ended March 31, 2000. AEP continues to report all financially net settled trading transactions, such as swaps, futures, and unexercised options, on a net basis reflecting the financial nature of these transactions.