-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FfMgjOVSc2sZC+qKDedaPVyF3yljvPwDc+2k+vjoagLaDdZz7R5RxW9nhYrB/shc MwJSfbOK2teRWLEse9128Q== 0000950168-03-000552.txt : 20030227 0000950168-03-000552.hdr.sgml : 20030227 20030227092737 ACCESSION NUMBER: 0000950168-03-000552 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030226 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20030227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ELECTRIC POWER CO INC CENTRAL INDEX KEY: 0000004904 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 134922640 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03525 FILM NUMBER: 03581914 BUSINESS ADDRESS: STREET 1: 1 RIVERSIDE PLZ CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 6142231000 FORMER COMPANY: FORMER CONFORMED NAME: KINGSPORT UTILITIES INC DATE OF NAME CHANGE: 19660906 8-K 1 d8k.htm FORM 8-K CURRENT REPORT Form 8-K Current Report

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities

Exchange Act of 1934

 

February 26, 2003

(Date of earliest

event reported)

 

Commission File Number

      

Name of Registrant; State of Incorporation; Address of

Principle Executive Offices; and Telephone Number

    

IRS Employer Identification Number


   

1-3525

      

AMERICAN ELECTRIC POWER COMPANY, INC.

(A New York Corporation)

1 Riverside Plaza

Columbus, Ohio 43215-2373

Telephone (614)223-1000

    

13-4922640


 

Item 7. Financial Statements and Exhibits

 

(c) Exhibits

 

99-1 AEP 2003 Earnings Guidance Detail

99-2 AEP 2003 Estimated Cash Flows

 

Item 9. Regulation FD Disclosure

 

The information in this report, including the exhibits, is being furnished pursuant to Item 9 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934.

 

On February 26, 2003, AEP issued revised earnings guidance for 2003. Attached as Exhibit 99-1 is AEP’s 2003 Earnings Guidance Detail. Attached as Exhibit 99-2 is AEP’s 2003 Estimated Cash Flows.

 

Some statements contained in this report, including those with respect to future earnings and financial performance, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although AEP believes that the expectations and assumptions reflected in these statements are reasonable, there can be no assurance that these expectations and assumptions will prove to have been correct. These forward-looking statements are subject to various risks and uncertainties. Actual results may vary materially. Factors that could cause actual results to differ materially include, but are not limited to:

 

    electric load and customer growth;

 

    abnormal weather conditions;

 

    available sources and costs of fuel;

 

    availability of generating capacity;

 

    the speed and degree to which competition is introduced in our service territories;

 

    the ability to recover stranded costs in connection with possible/proposed deregulation;

 

    new legislation and government regulation;

 

    oversight and/or investigation of the energy sector or its participants;

 

    our ability to successfully control our costs;

 

    the success of new business ventures and disposing of existing investments that no longer match our corporate profile;

 

    international and country-specific developments affecting our foreign investments, including the dispositions of any current foreign investments and potential additional foreign investments;

 

    the economic climate and growth in our service territory and changes in market demand and demographic patterns;

 

    inflationary trends;

 

    electricity and gas market prices;

 

    interest rates;

 

    liquidity in the banking, capital and wholesale power markets;

 

    actions of rating agencies;

 

    changes in technology, including the increased use of distributed generation within our transmission and distribution service territory; and

 

    other risks and unforeseen events, including wars, the effects of terrorism, embargoes and other catastrophic events.

 

In light of these risks, uncertainties and assumptions, the forward-looking statements contained in this report, including the exhibits, might not occur. AEP undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


 

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.

By:

 

/s/    A. A. PENA        


   

A. A. Pena

Treasurer

 

Date: February 26, 2003

EX-99.1 3 dex991.htm AEP 2003 EARNINGS GUIDANCE DETAIL AEP 2003 Earnings Guidance Detail

Exhibit 99.1

 

AEP

2003 Earnings Breakdown

 

    

($ millions)


    

EPS


 

UTILITY OPERATIONS:

             

Gross Margin:

             

Retail Margin - Regulated Integrated Utilities

  

3,021

 

      

Ohio Companies

  

1,937

 

      

Texas Wires

  

771

 

      

Texas Supply

  

310

 

      

FERC Municipal and Co-op & Other Customers

  

232

 

      

System Sales

  

355

 

      

Trading

  

—  

 

      

Transmission Revenue - 3rd Party

  

409

 

      

Other Operating Revenue

  

234

 

      
    

      

Total Gross Margin

  

7,269

 

      

Operations & Maintenance

  

(2,886

)

      

Depreciation & Amortization

  

(1,276

)

      

Taxes Other than FIT

  

(811

)

      

Capital Cost and Other

  

(638

)

      

Federal Income Taxes

  

(578

)

      
    

      

Net Earnings Utility Operations

  

1,080

 

  

2.86

 

    

  

WHOLESALE INVESTMENTS:

             

AEPES (Gas Holdco)/Trading

  

(20

)

      

MEMCo

  

9

 

      

AEP Coal

  

5

 

      

UK Generation/Trading

  

(103

)

      

CSWE/Wind

  

(25

)

      
    

      

Total Wholesale Investments

  

(134

)

  

(0.36

)

    

  

OTHER INVESTMENTS:

             

AEP Communications

  

(15

)

      

CSW International

  

(4

)

      

Parent Company Expenses

  

(17

)

      

Other

  

(42

)

      
    

      

Total Other Investments

  

(78

)

  

(0.21

)

    

      

ON-GOING EARNINGS

  

868

 

  

2.30

 

 

GUIDANCE RANGE OF $2.20 TO $2.40

EX-99.2 4 dex992.htm AEP 2003 ESTIMATED CASH FLOWS AEP 2003 Estimated Cash Flows

 

Exhibit 99.2

 

AEP

Cash Flows

 

    

2003 $ MM


Sources

    

Internal:   Net Income

  

790

Depreciation

  

1,400

Other

  

—  

    
    

2,190

    

External:  Equity/Convertible

  

1,000

Long Term Debt Issuances

  

3,150

Asset Sales

  

—  

    

Total Sources

  

6,340

    

Uses

    

Cap Ex:   Ongoing

  

1,200

Environmental

  

250

    
    

1,450

    

LTD Maturities

  

1,260

LTD Refunding

  

150

STD Reductions

  

2,740

Dividends

  

610

Increase in Cash

  

130

    

Total Uses

  

6,340

    
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