American Electric Power (AEP) Q4 2010 Earnings Call January 28, 2011 9:00 a.m. ET Executives Chuck Zebula - Treasurer and SVP, Investor Relations Mike Morris - President, Chairman and CEO Brian Tierney - EVP and CFO Analysts Daniel Eggers - Credit Suisse Paul Patterson - Glenrock Associates Bill Appicelli - Morgan Stanley Steve Fleishman - Bank of America Michael Lapides - Goldman Sachs Raymond Leung - Goldman Sachs Ali Agha - SunTrust Paul Ridzon - Keybank PresentationOperator
Welcome to the fourth quarter 2010 earnings conference. [Operator Instructions.] I'll now turn the conference to Chuck Zebula, treasurer and senior vice president, investor relations. Please go ahead sir. Chuck Zebula Good morning and welcome to the fourth quarter 2010 earnings webcast of American Electric Power. Our earnings release and related financial information are available on our website, aep.com. The presentation slides are also available on our website. Today we will be making forward-looking statements during the call. There are many factors that may cause future results to differ materially from these statements. Please refer to our SEC filings for a discussion of the factors that may cause results to differ from management's forecast. Joining me this morning are Mike Morris, our chairman and chief executive officer, and Brian Tierney, our chief financial officer. We will take your questions following their remarks. I will now turn the call over to Mike. Mike Morris Thanks Chuck, and let me join in the welcoming all of you here as we look at 2010 and share a bit of 2011 with you. We're quite pleased with the way that things ended in 2010. By almost any measure that we look at, the overall earnings of $3.03, north of our midpoint $3.00 range that we spoke of as the year went on, and as you'll remember we tightened our ranges throughout the year; tremendous rate success as we've shared with you as the year progressed, and a good foundation for the rate activities in 2011 and beyond.