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American Electric Power Co., Inc., 2012 Guidance/Update Call, Feb 10, 2012

American Electric Power Company Inc (AEP)

February 10, 2012 8:00 am ET

Executives

Nicholas K. Akins - Chief Executive Officer, President and Director

Brian X. Tierney - Chief Financial Officer and Executive Vice President

Unknown Executive -

Lisa Barton - Executive Vice President of AEP Transmission

Robert P. Powers - Chief Operating Officer and Executive Vice President

Joseph Hamrock - President of Columbus Southern Power Company, President of Ohio Power Company, Chief Operating Officer of Columbus Southern Power Company and Chief Operating Officer of Ohio Power Company

Mark C. McCullough - Executive Vice President of Generation

Analysts

Unknown Analyst

Andrew Levi - Caris & Company, Inc., Research Division

Presentation

Nicholas K. Akins

Good morning, everyone. Thank you, all, for taking the time to visit with us today at AEP. We're very much focused on a few things, I think, you're going to find enlightening in the presentation today. Brian and I will certainly be talking about in detail the issues we see with the company, going forward. And certainly, we're working on several important aspects that you obviously need to be made aware of.

First of all, I want to talk about generally what you're going to hear today. We have significant commitment to growth. Execution is going to be something that you hear about, and as well, the transmission business is very much becoming a part of our portfolio mix for the future in terms of growth.

And I want to leave you with a notion: AEP is much more than coal and AEP is much more than Ohio. And I think we really have to consider some of the positives of the rest of our system as well when we go through this, so you're going to see a more balanced approach to that discussion. Since we've talked about the discount in our share price being focused on EPA and Ohio, it's very much the other way around, too. We need to think about that from an execution and clarity perspective.

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