COLUMBUS, Ohio, April 16 /PRNewswire-FirstCall/ -- American Electric
Power (NYSE: AEP) will provide a live webcast of its annual meeting of
shareholders April 22 beginning at 9:30 a.m. EDT. The meeting will be in
Roanoke, Va.
The webcast will offer both audio and video from the meeting and will
be accessible at http://www.AEP.com/go/webcast. It also will be available
at this site after the meeting.
Minimum requirements to access the webcast:
-- Windows Media Player, free from http://windowsmedia.com/download.
-- A 56Kbps or faster Internet connection.
During the meeting, AEP will reaffirm its 2008 ongoing earnings
guidance of $3.10 to $3.30 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 AEP and its Registrant Subsidiaries contains
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934. Although the registrants 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: electric load and customer growth; weather
conditions, including storms; available sources and costs of, and
transportation for, fuels and the creditworthiness and performance of fuel
suppliers and transporters; availability of generating capacity and the
performance of AEP's generating plants; 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 company's ability to obtain any necessary
regulatory approvals and permits) when needed at acceptable prices and
terms and to recover those costs 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; 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 disputes arising from the
bankruptcy of Enron Corp. and related matters); AEP's ability to constrain
operation and maintenance costs; the economic climate and growth in AEP's
service territory and changes in market demand and demographic patterns;
inflationary and 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 refinance
existing debt at attractive rates; 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 potential for new
legislation in Ohio and the allocation of costs within regional
transmission organizations; 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;
prices for power that AEP generates and sells at wholesale; changes in
technology, particularly with respect to new, developing or alternative
sources of generation; other risks and unforeseen events, including wars,
the effects of terrorism (including increased security costs), embargoes
and other catastrophic events.
SOURCE American Electric Power
 back to top
Related links:
http://www.aep.com
http://www.prnewswire.com/comp/042050.html/
CONTACT:
David Hagelin, Corporate Media Relations of
American Electric Power, +1-614-716-1938
|
