This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

AEP To Detail 2013 Business Plans, Strategy To Support 4 To 6 Percent Operating Earnings Growth

COLUMBUS, Ohio, Feb. 15, 2013 /PRNewswire/ -- American Electric Power (NYSE: AEP) will discuss fourth-quarter and 2012 earnings results, the company's 2013 business plan, expected capital investment and its growth strategy during a meeting today with investors in New York. 

The company established its operating earnings guidance range (earnings excluding special items) for 2013 of $3.05 to $3.25 per share and a 2014 operating earnings guidance range of $3.15 to $3.45 per share supported by an earnings growth rate of 4 percent to 6 percent. AEP affirmed a 2013 capital budget of $3.6 billion. Capital expenditures for 2014 and 2015 are estimated at $3.8 billion per year.

In providing operating earnings guidance, there could be differences between operating earnings and Generally Accepted Accounting Principles (GAAP) earnings for matters such as changes in accounting principles. AEP management is not able to estimate the impact, if any, on GAAP earnings of these items, and therefore is not able to provide a corresponding GAAP equivalent for earnings guidance.     

"We resolved significant regulatory and financial challenges in 2012 and are well-positioned to execute on our strategy to grow earnings," said Nicholas K. Akins, AEP's president and chief executive officer. "The dedication of our employees and our continued discipline around controlling costs allowed us to deliver a total shareholder return of 8.22 percent in 2012, including dividends. To continue rewarding our shareholders and achieve payout ratios consistent with our regulated peers, we are increasing the targeted range for our dividend payout ratio to 60 to 70 percent of consolidated earnings.

"Our increased dividend payout ratio is fully supported by our regulated operations, which will remain the core of our business and will drive our earnings growth. AEP employees remain focused on our primary objective – safely generating and delivering reliable, affordable power for the benefit of our customers," Akins said. "I'm extraordinarily proud that our employees completed 2012 with no fatalities and record-low injury rates, while maintaining effective cost controls."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs